wealth

Money Never Stops Buying Happiness

New research out of the Brookings Institution claims there is no ceiling above which additional wealth stops contributing to people's sense of well-being.

5 Ways Rich People Think Differently From the Rest of Us

After three decades of interviewing self-made millionaires, Steve Siebold, author of "How Rich People Think," has concluded that the wealthy just think differently about money than the middle class. Here are five examples of what he learned:

America's Richest Cities

Median household income in the United States has declined for the second straight year, according to data released by the U.S. Census Bureau last month. But there are many cities that are doing well. These are America's richest cities.

Obama on Personal Finance: First Car Had 'a Big Hole in the Floor'

Mitt Romney's net worth: $200 million. Barack Obama's response to Romney's claim that he's "out of touch" with the concerns of ordinary Americans: Priceless. "I bought my first car for about $900," said Obama. "It had a big hole in the floor that allowed you to see the road, so I knew my wife wasn't marrying me for my money."

Tea Party Rep. Spends Big Bucks to Feed His Family

What do Tea Partiers feed their families? On Monday, Rep. John Fleming (R-La.), met with MSNBC's Chris Jansing to discuss President Obama's proposed tax hikes on the wealthy. Rep. Fleming only brings home $600,000 a year, and his explanation of why that just isn't enough offers an interesting glimpse into the world of Tea Party economic theory.

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.

Great Recession Created a Historic Racial Wealth Gap

The twin demons of the housing market crash and the Great Recession have created historic wealth gaps among racial groups in America: The median wealth of white households is 20 times that of black households, and 18 times that of Hispanic households. The main culprit in minority wealth loss? The housing bust.

Dani Johnson Offers Her 12 Laws for Creating Wealth

Multimillionaire businesswoman and business coach Dani Johnson made plenty of mistakes and hit more than a few speed bumps on the road to her success. But those difficulties taught her a few things about how to make money, how to keep it, and how to turn it into your slave.

Big U.S. Cities Added 7.3% More Millionaires in 2010

The ranks of those who can call themselves rich city slickers have grown a bit thicker. Reflecting the global surge of millionaires, the United States' 10 wealthiest urban areas produced 7.3% more high net worth individuals in 2010, Capgemini announced Tuesday in its U.S. Metro Wealth Index.

Voodoo Economics: Mystical Methods to Attract Money

With millions of Americans near the end of their financial ropes, some may wonder if it's time to try some unconventional methods for turning their fortunes around. Magic. Feng Shui. Or even good old-fashioned prayer. Without judgment or endorsement, we explored some of the occult options.

World's Millionaires Increased By 8.3% in 2010

Millionaires are back. The number of individuals worldwide with $1 million or more in assets aside from their residence grew by 8.3% to 10.9 million in 2010, topping pre-crisis 2007 levels, according to the World Wealth Report released Wednesday.