The “Toll Position”

Back when I had a “great job” working in the audit department of a large public accounting firm, one of my clients was located in Youngstown, Ohio. This client’s year-end was March 31st for accounting purposes. This meant that I had to spend every April, May and June in Youngstown to perform the annual audit…

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“Americans Are Retiring Later, Dying Sooner and Sicker In-Between”

This year, my wife and I have felt a little helpless watching the various disasters destroy thousands of homes and lives.  We have donated money, but haven’t felt like we could roll up our sleeves and help them rebuild because we’re thousands of miles away. We finally realized we could do more locally. We don’t…

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How The Vanderbilt Family Blew the World’s Largest Fortune

When Cornelius Vanderbilt (the Commodore) passed away in 1877, he left the majority of his fortune valued at $95,000,000 to his oldest son. In today’s dollars, this fortune would be worth around $2.1 billion. He left smaller amounts to all of his other children. This particular son, who received the majority of his fortune, actually…

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What We Can Learn From One Of The Best Real Estate Investors in the World

If you’re in real estate, I’m hoping you’ve heard of Sam Zell. His net worth is estimated to be over $5 billion and he built a significant portion of this wealth as a real estate investor. There is a lot we can learn from studying him! Zell actually got his start in college. He offered…

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Money Master (How to win the game)

This screen shot is from the book, “Why The Rich Are Getting Richer”, by Robert Kiyosaki. According to Kiyosaki, the people who have mastered money live in the “I quadrant.” For those who haven’t read any of his books (what are you waiting for??), the “I quadrant” is the quadrant for investors. Investors live off…

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