I always like to listen to what Millionaires have to say about building wealth. Since they are millionaires, I figure that their advice is probably pretty good. As part of my ongoing effort to bring you better info for building wealth, you might consider checking out the following interview in Esquire magazine. Its a brief Q&A with J.R. Simplot. JR is a farmer who made it big (like billionaire big) selling potatoes to MacDonald. The guy is like 92 and is the CEO of four major food product companies.

If you’ve got some spare time, you might consider reading the article. Its pleasantly brief and its got some great quotes.

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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