September 2017 / 17 posts found

New Fed Data: Top 10% Now Own 77% Of The Wealth

by admin
Statsministerens kontor / Flickr The Federal Reserve released the 2016 version of the Survey of Consumer Finances today. I will be doing a lot of work with this data in the coming months. But for starters, here is a short post about overall wealth inequality. The below graph shows the wealth level at each percentile of the wealth distribution. Since wealth is so overwhelmingly concentrated at the top of society, you cannot see much from the chart itself, but you can hover over the line on the graph with your cursor to see the dollar figure at every percentile. Here […]

When Tech Disrupts Wealth and Stability, ‘Angels’ May Be Solution

by admin
Its companies — especially the Frightful Five of Apple, Amazon, Google, Facebook and Microsoft, which employ a select and privileged few — look poised to systematically gut much of the rest of the economy. And while Silicon Valley’s technologies could vastly improve our lives, we are now learning that they may also destabilize great portions of the social fabric — letting outsiders wreak havoc on our elections, fostering distrust and conspiracy theories in the media, sowing ever-greater levels of inequality, and cementing a level of corporate control over culture and society unseen since the days of the Robber Barons. People […]

Get Rid of These 3 Thoughts We All Have That Stunt Our Growth of Resilience. – The Wealth Circle

by admin
Failures at work. Break ups. Loss of a loved one. Or a tough criticism. They are all a huge stepping stones on our way to self-discovery and personal growth. We hope to grow, to become better versions of ourselves each new day, yet the situations like these trump our progress and take us one step back each time. However, if we take another look into the seemingly devastating effects a certain trauma, loss or a failure has had on our lives, we may discover that there is another way out of misery, a way that will […]

9 Good Money Habits You Can Start Today to Build Real Wealth – Frugal Rules

by admin
Controlling your money is key to living a financially effective life. Learning good money habits is the first step to taking control over your money and living the kind of life you want. There’s one small problem. We often think it’s difficult to learn and practice good financial habits. We think you need to be an expert, that you need a lot of money or that it’s just too difficult to learn. I used to think the same thing. I held myself back because I thought it wasn’t possible to be good with money. Then, I had my light bulb […]

WINNING: U.S. Household Wealth Reaches Record High of $1.7 Trillion – Breitbart

by admin
Justin Sullivan/Getty Images by Katherine Rodriguez23 Sep 20170 23 Sep, 201723 Sep, 2017 Household wealth in America reached a record high of $1.7 trillion in the second quarter of 2017 due to rising property values and gains in financial assets, according to a Federal Reserve report released Thursday. The report showed that low inflation and a strong job market contributed to Americans’ improved purchasing power, which in turn, helped drive household spending and boosted the economy. Gains in the stock market also enabled companies to invest more of their resources. Companies had nearly $2.3 trillion in liquid assets that could […]

Micro-Investing – How to Build Wealth Only a Few Dollars at a Time

by admin
One of the biggest obstacles keeping people from investing – especially Millennials – is just getting started. More specifically, it’s the inability to save money to invest that keeps them from getting started. But there’s a trend developing called micro-investing that can help you to overcome that hurdle. Micro-investing not only handles investing for you – with very small amounts of money – but it also enables you to save money just by doing the things you normally do with your money. They do that by allocating a very small part of each of your spending events into savings and […]

US bank CEOs are likely ‘very afraid’ of bitcoin, says wealth advisor

by admin
CEOs of U.S. banks are likely “very afraid” of bitcoin, according to a wealth advisor. Some financiers have said the cryptocurrency is an unwise investment because of its volatility or supposedly weak store of value, but bank chiefs have another reason to dislike bitcoin, said Rainer Michael Preiss, executive director at Taurus Wealth Advisors. “Of course, if you run a very large U.S. bank, most probably you are afraid of blockchain and bitcoin,” said Rainer Michael Preiss, executive director at Taurus Wealth Advisors. His comments came after JPMorgan CEO Jamie Dimon called bitcoin a “fraud” last Tuesday. Preiss countered, however, […]

Bill Gates Success Story – The Wealth Circle

by admin
Childhood Born on October 28th, 1955, in Seattle, Washington, Bill Gates may be the world’s most iconic and influential technology innovator. Known publicly as the former CEO of Microsoft, as the leader of the Bill and Melinda Gates Foundation, as an investor in hundreds of technology companies, and as one of the founders of the computer revolution, Gates career has been one of the most important in the world of computing, digital business, and communications. Unlike many of the computer worlds other innovators, Gates was relatively privileged as a young child. He attended Lakeside School in his native […]

Valuable Lessons Teenagers Can Use to Become Successful Individuals     – The Wealth Circle

by admin
Most adults often don’t realize that teenagers are particularly determined to reach their goals and make a name for themselves with whatever career path they decided to pursue. The youths of this generation also happen to be quite intelligent and perceptive given that they have access to all kinds of information at their fingertips. No longer do they have to rely on the assistance of their elders when they can pretty much do a lot of incredible or extraordinary things by themselves and even manage to emerge victorious in the process. Despite the verve, energy, and determination that […]

How to maximize wealth creation and minimize work

by admin
Young business people often struggle with figuring out the balance between work and life, while still aggressively building their careers. While many know about the ideas from Tim Ferris about optimizing work and maximizing efficiency, it is not as easy done as it is said. After talking with a number of freelancers and entrepreneurs, a few major habits and mindsets stuck out from the rest. In particular, Matt Kohn, the CEO and founder of Different Hunger Media, moved from New York City to Medellin, Columbia and took a digital deep dive in order to fine tune his workflow. Kohn now […]