Millionaire's Lecture on Living With Less: Preachy, but Useful
A multimillionaire's op-ed about cutting back offers a useful perspective -- even for those who no longer have a choice about whether or not to economize.
millionaire
Eat and Grow Rich: How you Can Become a Vegillionaire!
There are roughly 3 million millionaires in the U.S., and nearly everyone else has a plan to become the next one. But there are about 3% of Americans who may not even realize that they're already on the path to prosperity. What's giving their savings scenarios a leg up? They're vegetarians.
A Million Bucks Ain't What It Used to Be (But It Still May Be Enough)
If you ask Americans worth between $1 million and $5 million how rich they are, their answer will be "not very." That may make some of us chuckle, but the sad truth is that a million dollars today doesn't go as far as it did when we were young -- and it sure won't go as far when we're old.
American Jackpots: Her Lottery Win Life Is More Fish Than Glitz
Sandra Hayes of St. Louis has settled into a version of her life that she would have called a fantasy just six years ago. But it's easy to see this Powerball winner hasn't let the money change her.
Lottery Logic: There Is None When It Comes to Paying Taxes
After the taxman takes his share of a big lottery jackpot, it's not nearly so big as it was advertised. And even a lot of people who favor raising taxes on the rich think that's not quite fair.
Holiday Cheer: Dani Johnson's Trip from Homeless to Millionaire
The holidays can be difficult for people suffering financial and personal setbacks. Dani Johnson, who went from homeless to millionaire, has been there -- and talks with Laura Rowley about overcoming despair and finding hope as the holiday season approaches.
Some Actors Say 'Action!' on Higher Taxes for Wealthy
Before President Obama outlined his strategy Monday for America's millionaires to shoulder more of the tax burden, The Price of Fame asked show business types at the recent Toronto International Film Festival this burning question: Should celebrities and other wealthy people pay more in taxes?
10 Star Athletes Who Excelled at Losing Millions
We learned last week that former NFL star Chris McAlister, a three-time Pro Bowler, is broke and living with his parents after just a year out of the league. But he's hardly the first sports icon to blow through the cash in a flash. In his honor, here are our 10 favorite professional asset-annihilating athletes.
How Rich Is Rich? Where We Draw the Wealth Line
America has always had a love/hate relationship with its wealthiest citizens, and the Great Recession has only made it worse. The trouble is, while everybody knows that "the rich" are the enemy, it's hard to determine where exactly the line lies between salt-of-the-earth members of the middle class and the bloated plutocrats.
Become a Millionaire on a Minimum-Wage Salary
No, it's not easy, but if Grace Groner -- a secretary for 43 years -- could pull off the even more astonishing feat of amassing a $7 million fortune, then it is within the realm of possibility. In fact, Groner's strategy is about the only one with a shot at success. Read on to find out what she did.
Millionaire Matchmaker: Tips for Budget Dating
She may specialize in dating for millionaires, but The Millionaire Matchmaker's Patti Stanger also knows how to have a good time on the cheap. Here's her advice for planning fun dates on a budget.
How You Can Join the Ranks of the New Millionaires
Last year, the number of millionaires worldwide grew by 8.3%, and about one in a hundred American's qualifies as a "high-net-worth" individual. Wondering how you can join that demographic? It's not so far fetched: Just follow the advice of these fiscal big shots and you'll be on your way.
The Millionaire Class: Most New U.S. Senators are Rich
Approximately 60% of first-year U.S. senators and 40% of House of Representatives freshmen are worth at least $1 million, according to the Center for Responsive Politics. That makes them far richer than most of the Americans they represent: Just 1% of the country's population has reached the $1 million mark.
Millionaires' Confidence Reaches Three-Year High
Wealthy investors now have more confidence in the economy than they've had in nearly three years, according to Chicago consulting firm Spectrem, which manages the Spectrem Millionaire Investor Confidence Index.