The Way Millionaires View Money Is Different From Everyone Else

The Way Millionaires View Money Is Different From Everyone ElseDoesn’t it seem like the rich keep getting richer while the middle class is stuck in the same old spot? Economic inequality is a hot topic right now, and many people go as far as accusing the wealthy of having some sort of unfair advantage. Those are easy accusations to make, and they resonate well with some people. But the truth is, there are no unfair advantages. Everyone has the…

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10 Reasons You Are Not Rich Yet

10 Reasons You Are Not Rich YetAs a financial advisor, I have spent many years helping other people overcome financial stumbling blocks so they can become rich. Ironically, the one person I have had the most trouble helping is myself. Being “rich” can mean different things to different people, but I believe it means having the financial freedom to achieve your goals and live the life you want. I am great at giving advice; I am…

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Making a Lot of Money – The Opportunity to Not Be Broke

Making a Lot of Money - The Opportunity to Not Be BrokeI hate to be the one to break it to you, but making a lot of money does not guarantee that you will have financial success. Of course, it could mean that you reach financial greatness. It is possible that you make enough money so that all of your dreams come true. Yes, making a lot of money can be a great thing…but only if you play your cards right….

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How much money do you need to feel ‘rich?’

How much money do you need to feel 'rich?'How much money do you need to feel rich? Wealth is a subjective concept, but one thing is universal in most definitions: being able to live a comfortable life without having to work. “I’d like to have enough money so my family and I wouldn’t have to work anymore or worry about the necessities, and maybe travel a bit,” said Deborah Veale, a Southern California resident visiting New York City….

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Taxing the Rich

Taxing the RichA reader of this blog, Chris, posed the following thoughtful question: What do you think the implications would be if Canada were to implement more tax brackets? For example, if federal tax tiers were added at $200k and $300k with a federal rate of say 33% and 37% respectively? I’m not sure why the government hasn’t gone in this direction because the majority of voters are not anywhere near these…

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