Wednesday, January 14, 2015

Opinion: Tony Robbins tells you how to make money like a billionaire

http://www.marketwatch.com/story/tony-robbins-tells-you-how-to-make-money-like-a-billionaire-2014-11-18

Opinion: Tony Robbins tells you how to make money like a billionaire

Published: Jan 13, 2015 3:22 p.m. ET
 
 

Control your money mistakes and gain financial freedom

By

TONYROBBINS

After watching the global financial system almost melt down, I began an amazing journey several years ago to find a way for individual investors to take control of their money in a system that seems rigged against them.
I vowed that, if I was going to do this, I would do it all the way; to bring people the best possible information from the world’s most knowledgeable and influential experts.
But where to start?
Throughout my career I’ve been obsessed with finding successful strategies and tools that can immediately change the quality of people’s lives. Time and again I have proven the effectiveness of those strategies by producing measurable results where others have failed. What I knew from the beginning was that success leaves clues. People who succeed at the highest level are not lucky; they’re doing something differently. They zig when others zag, attack when others retreat. I’m interested in those people, and their relentless hunger to learn, grow, and achieve.
On my quest to help people take control of their money, I searched out these success stories. And in the process, I interviewed more than 50 self-made billionaires, Nobel Prize winners, investment titans, bestselling authors, professors, and financial legends, asking every question I could think of about the art of building wealth.
It was the ultimate PhD in investing, where my “professors” weren’t professors at all, they were practitioners — moving markets and shaping the world economy while they were coaching me one-on-one.
I asked them:
What is your competitive advantage in investing? What sets you apart? What insights have allowed you to dominate the markets decade after decade?
Is the game still winnable? How can individual investors thrive in the volatility of today’s economy?
What are the biggest challenges around the world? What are the biggest opportunities for investors today?
And, perhaps most important of all: If you couldn’t leave any money to your children, just a set of financial principles to help them thrive, what would it be?
Their answers excited me, shocked me, and sometimes made me laugh. Other times, they moved me to tears. It was beyond any university education one could imagine. Like all experts, these money masters have different views of what the near-term future might hold, and they have different opinions on which investment vehicles they favor most. Some are short-term traders; some like to hold long-term. Some think indexed investing is the way to go, while others swear you can make more money in arbitrage.
Even though they sometimes disagree on tactics, we can applaud how often these money masters’ divergent paths have led them to the same goals. Indeed, what I found most interesting in my examination of these financial legends’ distinct approaches is not what makes them different, but rather what makes them similar.
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Tuesday, January 13, 2015

The Filthy-Rich 50: Meet the richest person in each U.S. state

http://www.marketwatch.com/story/the-filthy-rich-50-meet-the-richest-person-in-each-us-state-2014-10-17

The Filthy-Rich 50: Meet the richest person in each U.S. state

Published: Dec 20, 2014 12:26 p.m. ET
 
 
Slide 1 of 52
Ever wonder who the richest person in your neighborhood is? Private wealth consultancy Wealth-X has (almost) figured it out for you by naming the richest person in each of the 50 U.S. states.
There are a few surprises on the list, and 9 of the 50 states don’t have any billionaires. (The deprived states are Utah, New Mexico, Mississippi, Maine, Delaware, Hawaii, South Dakota, Alaska and Wyoming.) Some really wealthy Americans — for example, Paul Allen, co-founder of Microsoft, who has an estimated wealth of around $16.4 billion — don’t make the list because they live in the same state as some even wealthier people. (In Allen’s case, his old friend Bill Gates, who has a net worth of $81.5 billion.)
The encouraging news: 35 of the 50 individuals on the list are entrepreneurs who made their own fortunes. And, yes, they include investor Warren Buffett of Nebraska, the country’s second richest person; and media mogul and former New York City Mayor Michael Bloomberg. Only six women made the list. With a net worth of $37.9 billion, Christy Walton is the richest woman in Arkansas, the U.S. and the world; she is the widow of John T. Walton, one of the sons of Sam Walton, founder of Wal-Mart.
Without further ado, here are the 50 richest people by state:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1920 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 3839 40 41 42 43 44 45 46 47 48 49 50 51 52

Economic news - CNNMoney.com