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What Does It Take To Be a Millionaire?

Submitted by Moneywatch Advisors on August 10th, 2017

When I was 15 years old I had a paper route and, with no expenses and no girlfriend, I saved virtually every dime I made. At that same time, I became interested in stocks and investing. Now, I had no clue how stock investing worked and my parents, born 8 years after the Great Depression, viewed the stock market in roughly the same terms as a casino.

February 2017 Newsletter to Clients

Submitted by Moneywatch Advisors on February 7th, 2017

Enjoy this month’s edition that features an investment portfolio change, economy & stock market update, home selling tip, annual business continuity plan and important tax documents mailing deadlines.

STEVE BYARS, VP MONEYWATCH ADVISORS

ABOUT THIS BLOG

_{In 1996 Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. wrote a seminal book entitled, The Millionaire Next Door. These two researchers went in search of the rich in the country: Who are they? What do they do? What do they drive? How do they invest? They discovered, much to their surprise, that many of the wealthy in this country don’t live in the most expensive neighborhood or drive the fanciest cars but are ordinary people living right among us regular people. Because, remember, wealth is not the same as income. If one earns a high income and spends it all each year, one isn’t getting wealthier, just living high. Wealth is what you accumulate, not what you spend.}

_{This blog is about and for those who live beneath their means, save their money, invest and, yes, get wealthy the old-fashioned way: steadily, over many years.}

_{And I’ll occasionally share interesting stories that are completely unrelated to the main topic of financial planning.}

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