Wealth is what you accumulate, not what you spend.

Money should never change one’s values…. Making money is only a report card. It’s a way to tell how you’re doing.

Most people have it all wrong about wealth in America. Wealth is not the same as income. If you make a good income each year and spend it all, you are not getting wealthier. You are just living high. Wealth is what you accumulate, not what you spend.

The foundation stone of wealth accumulation is defense, and this defense should be anchored by budgeting and planning.

If you want to catch a cold, hang out with sick people. If you want to lose, associate with losers. But if you want to become successful, go out of your way to associate with successful people.

Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.

One of the reasons that millionaires are economically successful is that they think differently.