Better Models for Building Wealth

One challenge with blogging is the more you post, the less useful and relevant things you have to say. In the rush to continually generate content, sometimes the relevance of many postings for building wealth falls by the wayside.

In an effort to stay focused on generating useful information, I wanted to make our readers aware of two great resources on the net.

1) Forbes Lists: Forbes lists Americas 400 richest individuals. A lot of America’s richest 400 are self-made. It would be worth your while to look at the list and see if there are patterns in the behavior of these self-made individuals. Don’t just be a voyeur, actually think critically about what you could do to repeat their success.

2) The 2016 Survey of Consumer Finance: What can a government report tell you about becoming wealthy? A lot. It breaks out asset ownership by household net worth. Wealthier people are more likely to hold concentrated stock positions and to be homeowners. Again, don’t just geek out on the report, think strategically about how it can inform your goals and choices. Check it out here.

Both of these sources are rooted in solid information. It would be worth your time to consider how they can help you build wealth


This entry was posted in Net Worth by James Hendrickson. Bookmark the permalink.

Avatar photo About James Hendrickson

James Hendrickson is an internet entrepreneur, blogging junky, hunter and personal finance geek. When he’s not lurking in coffee shops in Portland, Oregon, you’ll find him in the Pacific Northwest’s great outdoors. James has a masters degree in Sociology from the University of Maryland at College Park and a Bachelors degree on Sociology from Earlham College. He loves individual stocks, bonds and precious metals.

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

7binaryoptions.com: Your one stop information source for trading binary options.

Get the Latest Coupon and Discount Codes at Freecouponcodes.net.

The best cheap web traffic that comes in handy for your website traffic needs.

Shop till you drop and discounted offers with Shopee promo codes.