Hello All,

The New York Times is running an excellent article about wealth in Silicon Valley. Evidently, many wealthy entrepreneurs in that part of California don’t perceive themselves to be rich. This is because if you have three to five million you’re the veritable poor cousin to hedge fund managers and CEO’s of tech companies who are pulling down hundreds of millions a year.

Click here for the debauchery.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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