From the category archives:

Assets

Do You Think Like a Hardly Wealthy Person?

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The biggest flaw of a hardly wealthy person is that they take their earnings at face value. If someone has a salary of $60,000, that doesn’t equate to a person having $60,000 of income. Yet, a hardly wealthy person would think just that. If this was your salary, what would say your monthly spending limit [...]

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Why Tyler Perry is the Highest Paid Man in Entertainment

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A big congrats is in order to Tyler Perry as he earned the title of being the highest paid man in entertainment by Forbes! From May 2010 to May 2011, he earned $130 million. His success is well warranted because he handles his business in a wealthy-elite fashion by doing the following: Retaining ownership: Selling [...]

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Inspiring Interview Featuring Ephren Taylor

It’s not about how much you make. It’s about how much you hold onto. -Ephren Taylor We saw this video recently on Mixergy, and couldn’t resist the temptation to post it over here and share with everyone. Ephren Taylor made history by becoming the youngest African American to become CEO of a publicly-held company. He [...]

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Ciara Spends Eleven Grand on Shoes Monthly

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We possibly have another celebrity with hardly-wealthy behavior on board. This time it’s R&B singer Ciara. She recently mentioned in Pride Magazine that she spends an exorbitant amount monthly on shoes to the tune of $11,000. That equates to about $132,000 annually on shoes that A) decrease in value over time (liabilities) B) go out [...]

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Should You Consider Buying Art?

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While one may think their brand new Jimmy Choo or Limited Edition Michael Jordans are an asset, they’ll have to think again. They may be artistically inspired, but they will yield no profits. We’re referring to art that doubles as an investment as well as décor. Ideally, it should be increasing in value over the [...]

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Is There A Fine Line Between Investing and Gambling?

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We once heard an individual describe stock market investing as “sophisticated gambling”. Depending on who you’re looking at, it may or may not be true. First off, let us give our definition of gambling. Gambling is when an individual is up against high odds of a return and facing an infinite range of unknowns. An [...]

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How to Create a Stable Portfolio in Bad Times

In a downturn, there are two types of portfolio holders: ones that are happy and ones that are pissed. While one expects the majority to be ones that are pissed, that doesn’t mean that you have to be one of them! There are always stories told of individuals who acquired massive riches during a bearish [...]

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Billionaire Concepts: Wealth Protection

Wealth is one piece of the pie once you’ve achieved your monetary goals. However, there’s still more work to be done in order to sustain your wealth. The wealthy elite not only find ways to grow their wealth, but they also devise clever ways to keep it out of other people’s hands. There’s one thing [...]

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