My Version of the 3-Legged Stool

Most of us want money freedom, time freedom, and emotional freedom. I picture these as the three necessary legs on a stool. Can I balance on one or even two legs? Yes – maybe even for a long time, but eventually exhaustion sets in and I’ll go down to the ground.  How many stories have…

Small pond success

After college, I came back to my hometown and went into the family business which had a very modest beginning. My hometown is small but is centrally located and within commuting distance of a large metropolitan city.  Conventional thought sees the small pond (small town) as simple people, small thinking, and even smaller opportunities. The…

Principle #4

Relationships are everything. When you’re young and in school, the highest GPA, the math wiz or the best test taker may mean something. However, in most of the post-school world, it’s all about relationships.  Success is full of critical qualities that cannot be measured such as integrity, grit, proper temperament, persistence, and adaptability, to name…

Principle #3

Time is an incredibly valuable and non-renewable resource. A great example would be the time many spend commuting to and from work. Let’s say you spend two hours for a roundtrip commute for work.  2 hours x 5 days a week = 10 hours 10 hours of weekly commute x 50 work weeks per year…

Principle #2

Starting early makes the journey easier, less stressful, and the wealth (all forms of it) larger. If you’re not making bone-headed purchases, investing poorly, or making major relationship mistakes, you can deploy the savings into predictable (long term, not short term) passive income sources that produce while you sleep or play. Savings combined with low…

Part II: Principles

Principle #1 You must spend time on a compound interest calculator and master the understanding of uninterrupted compounding power. Let’s say your rich uncle gave you $10,000 at your birth to be invested at 10% interest (the approximate long term average of the S&P 500 index with dividends reinvested). It’s to be left there until…

Part II: My Plan For Generational Wealth

I think it important to note that generational wealth is not providing for a life of idle time. Work will absolutely be necessary, of course. Rather, I’m suggesting setting up a system that propels you to the front of the freedom line. The freedom line naturally includes more options, earlier in life, in regard to…

Part I: Building Generational Wealth

At first glance, this title might lead you to believe the content is about piling up money. While a certain level of money is part of the puzzle, wealth is much more comprehensive. Having a generous amount of free time, having a wide range of choices or opportunities, living in a low stress environment and…

Typical Choke Points to Sabotage Success 

Action Steps

Act when the urge is strong or else it will disappear. Commit now. Will you start a journal of your insights, purchase a book, begin written goals, or just resume your old routine? I’ll help you jump start your success with three suggestions. “Remember, you need to buy the umbrella before it rains.” – Robert…