Archive for 'Wealth' Category

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“You get rich by saving and investing”

9 September 2009 by Christopher Suleske

WRITES the sane (what passes for sage these days) Bill Bonner:
Two generations of American economists thought the way to bring prosperity was to encourage consumption. On the face of it, the idea is absurd. Classical economists…and Daily Reckoning commentators…laugh at the idea. You don’t really get rich by consuming; you get rich by saving and [...]

It’s called inflation

15 August 2007 by Christopher Suleske

THIS is called inflation – and it makes that 5% raise you just got more or less a moot point. Sorry. But you probably already knew that, what with the cost of gas in recent years. Fortunately, some items have decreased in price over the same time span, namely the 27″ LCD [...]

Keeping up with… yourself

6 August 2007 by Christopher Suleske

IF you aren’t keeping up with the proverbial Joneses, why not? Read this NYTimes piece and catch up, man! Does bring up a good point, one I’ve made a few times, that a million or two hardly makes one “rich”. My current expenses are such that 5% interest on $1million, after taxes, [...]

Links for youths

2 March 2007 by Christopher Suleske

THE Motley Fool, a great site no doubt, has a great piece from yore (earliest date I can find is Sept 27, 2001) which has been republished a number of times: Ten Things to Teach Your Kids About Money. Read the article for certain, but here are the 10 items:

Debt sucks.
Pay yourself first.
It’s the [...]

A sad legacy

27 December 2006 by Christopher Suleske

Wealth should be a blessing to a family. But so often, it is not. Take the case of the Haft family.
The family battle began in 1993 when Herbert abruptly fired Robert from the family business. The family strife continued for years; Herbert and Gloria Haft were divorced and Herbert was estranged from his [...]

What is wealth?

21 November 2006 by Christopher Suleske

This is just a question today, but something I am thinking about quite a bit. I wish for the WealthMotor to be, at its very basis, an asset for all – for me, for my family, and for whomever visits the site. I do not wish for my time here to be furthering [...]

Labor and Capital

5 September 2006 by Christopher Suleske

Paul Greenberg had a great piece on Labor Day, concerning the notion of labor itself. Most interesting was his quoting of Lincoln, who succinctly contrasts the notions of labor and capital:
“(L) abor is prior to, and independent of capital; that, in fact, capital is the fruit of labor, and could never have existed if [...]

Wherefore art thou?

13 August 2006 by Christopher Suleske

The staff of the WealthMotor is taking a short break while we celebrate the birth of little miss Ava Lily Suleske. Photos here.
We’ll be back in late August.
Happy WealthMotoring to you.
p.s. – Jim Rogers (of Quantum Fund and commodities fame) talks almost always about his baby girl when people interview him for sage investing [...]

The Finances of the Married v. That of the Single

28 July 2006 by Christopher Suleske

I read a partially interesting story at Forbes (via MSNBC), contrasting the financial health of marrieds vs. singles. As a man who has recently transitioned from the latter to the prior camp, my interest was piqued. But though the article tries to compare the two camps statistically, I think the overall premise of [...]

$140 Billion: “…a lot of fun…”

13 July 2006 by Christopher Suleske

Ran across an interesting story on Yahoo Finance, regarding a confab of the wealthy in Idaho:

This year’s powwow, which began Wednesday with a series of closed-door meetings, is expected to attract 18 billionaires with a combined net worth of $140 billion — exceeding the individual gross domestic products of more than 170 countries, including the [...]

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