How to Make Wealth

May 2004

(This essay was originally published in Hackers
& Painters

If you wanted to get rich, how would you do it? I think your best
bet would be to start or join a startup. That’s been a
reliable way to get rich for hundreds of years. The word “startup”
dates from the 1960s, but what happens in one is
very similar to the venture-backed trading voyages of the
Middle Ages.

Startups usually involve technology, so much so that the phrase
“high-tech startup” is almost redundant. A startup is a small
company that takes on a hard technical problem.

Lots of people get rich knowing nothing more than that.
You don’t have to know physics to be a good pitcher. But
I think it could give you an edge to understand the underlying principles.
Why do startups have to be small?
Will a startup inevitably stop being a startup

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Financial Highway – Personal finance blog discussing investments, savings, insurance and financial planning ideas to grow wealth

Who hasn’t just gone ahead and put a vacation or a new TV on a credit card? I know I have. But all the good intentions to pay off that credit card immediately often fall by the wayside. And you’re stuck paying high-interest fees and struggling with debt….

Many of us understand that one of the most important things that can be done for your finances is to save for retirement. Getting started early is one of the best ways to take advantage of compound interest and build a nest egg that can handle just about anything….

When the talk turns to investing, many people shut down. “I can’t invest, I don’t have enough money,” is a common refrain. The good news is that you don’t need a large chunk of capital

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Money Quotes & Sayings (Finances, Wealth, Budget, Financial, Materialism, Cash, Rich, Poor, etc)

True sterling happiness and joy
Are not with gold allied;
Nor can it yield a pleasure like
A merry fireside…
~J.J. Reynolds, “A World of Love at Home,” in The New Monthly Belle Assemblée, October 1844

Old Philpot: I instill’d good principles into thee.
George Philpot: So you did, Sir— (aside) Principal and interest is all I ever heard from him…
~Arthur Murphy, The Citizen, c.1760

Men who make money rarely saunter; men who save money rarely swagger. ~Edward Bulwer-Lytton

The man of the constitutional régime is not a merry-maker, quite the contrary. He is hypocritical, avaricious, and profoundly selfish; whatever question strikes against his brow, his brow rings like a drawer full of big pennies. ~Claude Tillier (1801–1844), My Uncle Benjamin: A Humorous, Satirical, and Philosophical Novel, 1843, translated from the French by Benjamin R. Tucker, 1890

The safe way to double your money is to … Read More

SOI Tax Stats – Personal Wealth Statistics

What is the Personal Wealth Study?

The Personal Wealth Study uses information reported on Form 706, United States Estate (and Generation Skipping Transfer) Tax Return, to estimate the wealth of the living population. These estimates, based on the Estate Multiplier technique, appear every three years. The estimates are limited to that segment of the population for whom personal wealth is at least equal to the estate tax filing threshold in effect for the estimation period.

For information about selected terms and concepts and a description of the data sources and limitations, please visit Personal Wealth Study Metadata.

SOI Data Tables

Included Items: Total and selected assets, debts and mortgages, and net worth.

All Top Wealthholders by Size of Net Worth

Female Top Wealthholders by Size of Net Worth

Male Top Wealthholders by Size of Net Worth

Female Top Wealthholders by Age

Male Top Wealthholders by Age

Top Wealthholders

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Financial Planning and Wealth Management

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Disclosure statement and acknowledgment: The statement is provided to you by (“Author”) who have entered into a referral agreement with Personal Capital Corporation (“PCC”), through which Author will be paid between $70 and $150 for each person who uses this webpage to register with Personal Capital and links at least $100,000 in investable assets to Personal Capital’s Free Financial Dashboard. Author is not affiliated with PCC and Author’s services consist solely of referrals of prospective clients. As a result of this arrangement Author may financially benefit from referring potential clients to Personal

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