The holiday season is rapidly approaching. No longer does it start on “Black Friday”, that annual day when America’s tryptophan wears off. Now it starts before Halloween and goes to Valentine’s Day. Who knew there was a reason to mail Halloween cards? Hallmark really knows how to capitalize on days of the year.
This month’s Money Master is Amanda Abella. We knew of Amanda Abella as the best-selling author of Make Money Your Honey. We then ran into Amanda at FinCon15 in Charlotte NC last September and we’ve been friends ever since then. After graduating from college, Amanda didn’t find the career path she expected. What we love …
In The Secrets of the Millionaire Mind T. Harv Eker says “Rich people manage their money well. Poor people mismanage their money well.”
This is one of the reasons why the second wealthiest person in the world, Warren Buffett, still lives in the five bedroom house he bought in 1957 for $31,500 and, as of 2012, still drives a Cadillac he bought “six or seven years ago.” This is one of the reasons why, supposedly, Jay Leno and his wife live only on his standup comic income and save all his income from The Tonight Show.
Of course, you can claim their financial success is due solely to their enormous income, but we can name as many high-earners who are in financial ruin.