Forbes recently released the list of the 400 Richest Americans. Unfortunately, my name is nowhere to be found on the list.
This is the great American story. Getting rich in America. Everyone wants it, but very few of us ever achieve it. To get into the top 400 this year, your net worth would have had to be at least $1.3 Billion dollars.
Who Made the Top Spot?
William Gates III made the top spot with $59 Billion dollars in net worth. Bill Gates took Microsoft to levels that he probably never imagined possible. Today, he no longer has day-to-day involvement in Microsoft. He prefers to spend his time (and money) on concerns for human welfare and advancement. I applaud Bill Gates for using his power and influence to help others.
The Number 2 Man?
Warren Buffett came in at number two, with $52 Billion dollars in net worth. He is $6 billion richer this year even though he handed over $2.1 billion dollars in Berkshire Hathaway stock to charity in July. It seems he always has been a true businessman, filing his first tax return at age 13 and claiming a $35 deduction for a bicycle. Go Warren Go!
Rounding out the Top Three?
Popping in at number three is Sheldon Adelson with net worth of $28 billion dollars. Not bad for someone who started selling newspapers at 12 years old. His focus is now with the Hotel & Casino business. What he has done there is staggering, with his influence growing from Las Vegas to Asia. His profile is amazing, with multi-billion dollar investments in resorts, hotels, casinos, and convention centers in Las Vegas, Macau, and Singapore. You can see full profiles for everyone at the link below.
See if someone you know made the list:
The 400 Richest Americans List
Consider these toys for when you make the list:
Ultimate Toys For Super-Rich Boys
My Final Thought?
To me, one of the most amazing things I noticed about the 400 Richest Americans list, is that two of the top 10 spots list income sources which include casinos. Gaming and Lotteries have become major attractions for people in America, and indeed throughout the world, as people risk losing their money in order to "GO FOR THE DREAM" of hitting the big jackpot!
As my son told me today, "Casinos weren't built by Winners".
Friday, September 21, 2007
Wednesday, September 19, 2007
Federal Reserve Interest Rate Reduction Benefits You
The interest rate reduction announced yesterday by the Federal Reserve is like music to my ears! Four years of steadily rising interest rates took their toll on my finances, with interest rate increases on both my adjustable mortgage and revolving credit accounts.
The federal fund interest rate reduction should benefit us all in various ways.
If you have an adjustable rate mortgage, it should adjust down. If you are looking to refinance your mortgage, the rate should be lower. Credit card rates should drop also, even if the effect is minimal. Any savings in interest expense is good for the individual. IF the interest savings is used wisely!
Probably the main motivation for dropping interest rates is to increase consumer spending, and ease credit concerns in the housing market. The fed is hoping we will out go out and increase our credit balances by purchasing new housing and other consumer items. That would be excellent for business and the economy!
Personally, I will use the lower interest rates to eliminate more debt. I plan to pay down as many credit accounts as possible. I want to be debt and interest FREE!
Do you ever wonder how people get rich? I do... One thing I believe strongly, is that I will never get rich by paying exorbitant interest charges to billion dollar finance companies!
If you are looking to reduce your interest charges and pay down your debt also, you might want to try our Personal Finance Analyzer. If this tool is used properly, it can provide you with serious long term financial relief, and provide you with real money savings every month!
Now is the time to seize one huge benefit of the Federal Reserve interest rate reduction. Take the savings in interest expense, and use that savings to pay down all your existing debt!
In the long term, this can be the greatest benefit of all!
The federal fund interest rate reduction should benefit us all in various ways.
If you have an adjustable rate mortgage, it should adjust down. If you are looking to refinance your mortgage, the rate should be lower. Credit card rates should drop also, even if the effect is minimal. Any savings in interest expense is good for the individual. IF the interest savings is used wisely!
Probably the main motivation for dropping interest rates is to increase consumer spending, and ease credit concerns in the housing market. The fed is hoping we will out go out and increase our credit balances by purchasing new housing and other consumer items. That would be excellent for business and the economy!
Personally, I will use the lower interest rates to eliminate more debt. I plan to pay down as many credit accounts as possible. I want to be debt and interest FREE!
Do you ever wonder how people get rich? I do... One thing I believe strongly, is that I will never get rich by paying exorbitant interest charges to billion dollar finance companies!
If you are looking to reduce your interest charges and pay down your debt also, you might want to try our Personal Finance Analyzer. If this tool is used properly, it can provide you with serious long term financial relief, and provide you with real money savings every month!
Now is the time to seize one huge benefit of the Federal Reserve interest rate reduction. Take the savings in interest expense, and use that savings to pay down all your existing debt!
In the long term, this can be the greatest benefit of all!
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