With Paul Sullivan, Columnist – ‘Wealth Matters’ for The New York Times, Author –
Podcast: |
People’s choices, decisions and behaviors make a big difference between gaining riches and staying poor – it’s all about being on the right side of the “thin green line” with the choices you make. It’s what helps people with even modest salaries retire well-off, while bad decisions about money make people who are seemingly well-off end up with less in savings and wealth – people who live grand lifestyles but do not have enough for the future.
As Paul puts it, it’s the difference between being “wealthy” and being “rich”, where being wealthy is about being financially secure, having little financial stress and having control over how you live your life, while being rich is, say, having good current earnings power but lacking financial security because of inadequate long-term financial planning. So see how you can understand your own attitudes towards money, how you transfer these values to your children, and what you can do to place yourself and your children on the right side of the “thin green line”.
