LET’S TALK ABOUT MONEY — REAL MONEY! There is one — AND ONLY ONE — way that a Democratic majority could dramatically reduce assault weapons violence without sixty votes. Use the reconciliation process built into the Congressional Budget and Impoundment Control Act to implement a tax on the manufacture, sale…

As I said in an earlier post, for the past five years, I’ve been doing a lot of thinking about investing in the market. Actually, I’ve been thinking about this for the last forty years but, for the first thirty-five, I followed a traditional path: money managers, index funds, a…

For the past five years, I’ve been doing a lot of thinking about investing in the market. Actually, I’ve been thinking about this for the last forty years but, for the first thirty-five, I followed a traditional path: money managers, index funds, a smattering of real estate and private equity…

Not everyone at DDI wants to read about crypto-currency all the time. Perhaps it’s time to take a break from thinking about block-chains, stable coins, meme coins, NFT’s, transaction speeds, wallets, exchanges, security, private keys, China, the US Federal Reserve, Hillary Clinton, electricity consumption and Elon Musk. Enough of the…

The top 1% represents about 1.3 million households who roughly make more than $500,000 a year — out of a total of almost 130 million. Bloomberg News. January, 2021, right before I started writing for Making of a Millionaire, I decided that I had to eat my own dog food. …

I will make a one-time contribution of $1,000 to a charity selected by the first bank, law firm, accounting firm or investment bank that describes a material failure or mistake made by that organization and the steps taken to correct it. …

There are three kinds of people who like to go to casinos. The first is that group who thinks that they are smart gamblers and that they have a good chance of winning. The second is that group that enjoys the risk of gambling and is willing to accept those…

Spending a dollar today precludes its investment and growth over time. The essence of wealth management is wealth creation. — A few months ago, when I started writing for Making of a Millionaire, I started working on a very, very small website that would allow me to present my ideas for very long term investing: investing on a time scale of at least twenty-five years — maybe longer. My goal…

Here at The Making of a Millionaire, we are trying to help each other create and accumulate wealth. Side hustles, self-improvement, reduced spending, thoughtful and regular investing — all of it adds up. But, every now and then, the Average Joe gets a legal opportunity to steal from the rich…