Building Wealth

The U.S. has accounted for 40% of the increase in global wealth since the financial crisis in 2008 – and 58% of the rise since 2013.

Making “getting rich” financially my supreme and overriding goal was ruthlessly effective, but there are other ways of being rich.

There’s a big difference between making your kids’ lives a little easier and turning them into entitled monsters.

If you develop skills, work hard, persist through tough times, defer gratification and take responsibility, you will accumulate wealth.

Mental calculations leave you no money to save and invest, and no chance to increase your wealth. It doesn’t have to be that way.

It’s your behavior rather than luck, fortune or “the breaks” that ultimately determines your financial well-being.

Americans who don’t own stocks have sat out one of the greatest decades of wealth creation in history.

By seeing every situation as a wealth-building opportunity, you can take the actions that will gradually make you very rich.

The smart move is to invest in big, proven companies that have nearly zero chance of going out of business and a long history of providing dividend income to their shareholders.

I made this wealth-building commandment No. 1: Get a little bit richer every day.