My daughter recently asked how someone gets rich. Before I share my answer, it’s important to distinguish rich from wealthy (and upper middle class).
Rich is having a high income, typically north of $300,000 a year in America, regardless of debt. Wealthy is possessing a large amount of money, property, assets, savings, and/or investments relative to debt (aka “high net worth”).
For reference, the lower economic class makes less than $50,000 a year; middle class between $50-150k, and upper middle class between $150-300k. Super rich (just 1% of Americans) make half a million a year or more.
Depending on how fast you spend money, it’s possible to be “rich but broke.” It’s also possible to become wealthy over time without ever being technically rich in any given year. And depending on your lifestyle, where you live, and your family status, it’s possible to live rich and/or approach wealth without hitting those exact numbers.
That said, there are five proven ways to make a lot of money. They are as follows: Continue reading…
Like many people, my family is the ultimate joy. Although happiness and fulfillment are deeply personal, my wife and children inspire me to be better and make me feel like the luckiest man alive. I am forever grateful to them, and this year was no different. Same goes for the many friends that have stayed with me over the years.
But there are several new things that came into my life this year that I’d like to recognize. Some of them are simple. All of them make me even more grateful to be alive. While I don’t mean to be insensitive to anyone still struggling with this moving goalpost of a pandemic, I can honestly say that I’m happier today than I was pre-COVID.
Here’s why: Continue reading…
I sigh every time I see toilet paper hanging under the spool as opposed to over. Toilet paper orientation is a big deal. So big I sometimes switch offending rolls mid bowel movement. It’s one of my OCD indulgences.
But spool orientation is more than just preference. Researcher Barry Sinrod found that 68% of Americans roll over. In fact, 60% of those who earn $50,000 a year or more roll over. Meanwhile, 73% of those who earned less than $20,000 roll under.
When asked what his research proves, Sinrod replied, “I don’t know, but it’s sure interesting.”
I’ll give it a shot. Rolling over conserves more paper. It’s not as easy to let it fly, but it offers better control. Under, on the other hand, is easier. Similarly, making less than $20,000 a year is easier than $50,000.
Granted, being underprivileged isn’t always about taking the easy road, even though it is some of the time. And 40% of middle class and higher roll under. But that’s the best I can come up with.