How to Be Really Rich With Less Money

Most people define their net worth in dollars. As a financial planner, I define net worth in time. Allow me to explain. When I ask people to tell me what money means to them, I hear words like freedom, security and independence. Money, and having enough of it, allows us to do whatever it is that makes us happy. Reframing wealth as time turns some millionaires into paupers, and it makes those with $250,000 in 401(k) savings into the very …

The Forbes 400 – America’s Richest, by Generation

Forbes magazine has just released its Forbes 400 ranking of the richest people in the United States, and within it, there’s an intriguing message: If you want to be really, really, really wealthy, it’s going to take a while, and you should plan on working past the typical U.S. retirement age of 61. Only 38 of the 400 – who had to amass a fortune of at least $1.3 billion to qualify – are under age 50, and the average …