Financial Success

Real Estate Reaches Historical Fair Value

Real Estate prices have dropped by nearly a third in most metro areas in the US, with prices going back to 2002 levels.  Interest rates are at hitting record lows, and yet most buyers continue to be reluctant to buy real estate due to uncertainties in the job market, the overall economy, and the backlog [...]

Financially Successful Chinese Want to Leave China for America

China is has a booming economy, world influence and a mighty military capability.  It is widely accepted that China will be the world’s leader in the 21st century.   And yet, it is enlightening to read that on top of the wish list of the Chinese wealthy is the desire to leave China.  Among the 20,000 [...]

The Role of Cash and Treasuries in Long-Term Investment Strategies

It is very easy to get caught up in all the doom and gloom that we see every day in the media.  The 2000’s have not been very good for investors, and many people feel disillusioned with all forms of investments, from the stock market to real estate.  Some have sworn off these investment vehicles [...]

Delivering Happiness and Profits

Tony Hsieh is a very successful entrepreneur.  He sold his company Zappos to Amazon.com for the incredible sum of $1.2 billion.  His book, Delivering Happiness: A Path to Profits, Passion, and Purpose describes how his vision for a successful company based on a relentless focus on company culture has turned this “everyday-guy” into a billionaire.  Some [...]

Your Share of the National Debt

It is absolutely astounding to think about the share of the national debt that each American family is responsible for.  It is even more mind boggling to realize that the share of the national debt per family is higher than the average family’s net worth.  This means that on average the American family, by no [...]

Why Taxing the Financially Successful Hurts the Working Class the Most

The heated debate about raising the debt ceiling has been very painful to watch.  This process has not yielded any political winners, but it has played an important role in making people realize the magnitude of the financial trouble the US is in and how dysfunctional our government really is.  The response from the markets [...]

When Debt Turns into Disaster

We have written extensively about debt.  You can review many of the articles published on this subject here:  http://ww-success.com/blog/index.php/tag/debt-credit/.  In these articles we emphasized the importance of using debt responsibly, and leveraging debt only to invest in your future, not to fund inconspicuous consumption.  Even when borrowing for worthy causes, such as an education or [...]

Is Now a Good Time to Buy a House?

Many people are wondering if now is a good time to purchase a house. The answer may not be as straight forward as you may think, and for as much as this may frustrate you, this is another one of those questions in which the answer is a definite “it depends.”  It depends on who you ask, [...]

Riches to Rags

We have talked extensively about rags to riches stories as in the article Rags to Riches Reallionaire.  But it is important to our readers that the reverse can also happen, especially if you are not careful with leverage and the irrational use of debt.  Other causes of financial fall from grace include bad investments, bad [...]