As a parent and a travel journalist, I know as well as anyone that sometimes you have no choice but to visit a popular family vacation spot during its busy season, especially if your life is dictated by school calendars and kids’ sports schedules. But if you have a little bit of flexibility to travel … [Read more…]
Charlie Munger spent nearly a century sharpening one of the clearest minds in American business. He served as Warren Buffett’s partner and vice chairman at Berkshire Hathaway for decades, and his answers at shareholder meetings were often blunt enough to draw laughter from the crowd. He never claimed he was born brilliant. What he described … [Read more…]
What makes a family beach getaway even more fun? When everything is included, freeing you from worrying about childcare, cooking, or finding dinner spots. And when the parents can relax, it’s a true vacation for everyone in the family. The world’s best all-inclusive beach resorts not only ease vacation stress but also offer kids clubs, … [Read more…]
Most working families grow up hearing the same advice about money. Get a steady job and pay off the house as fast as you can. Wealthy families hear that advice and wince. Run the numbers, and many of these safe moves turn out to be slow leaks that drain growth and flexibility for decades. 1. … [Read more…]
“Disney’s Animal Kingdom has a soul,” Dr. Scott Terrell, Vice President of Disney’s Animals, Science, and Environment, said as I took another sip of coffee. I’m seated in Nomad Lounge, my usual Animal Kingdom haunt, surrounded by other invited members of the media. It’s rather early in the day to be in Nomad Lounge, a … [Read more…]
Financial freedom means different things to different households. For some, it means retiring from work years early. For others it just means opening a bill without a knot in the stomach. There’s more than one way to get there, which surprises people who assume the only answer is a bigger salary to speed up the … [Read more…]
Disney’s Hollywood Studios has had a multitude of upgrades over the past few years, from new and improved stage shows like The Little Mermaid – A Musical Adventure and upgraded attractions like Rock ’n’ Roller Coaster Starring The Muppets. But one of the most exciting new additions to the Walt Disney World park is actually … [Read more…]
Long-term wealth begins with what happens after income reaches a bank account. A large salary can disappear into a costly lifestyle, while an ordinary income can slowly build ownership of assets that continue to appreciate and generate cash flow. The gap is not intelligence or work ethic. People with more money often receive earlier exposure … [Read more…]
Fall gets a lot of love from people celebrating the cooler temperatures, changing leaves, and spooky stories. But if you’re a summer-always type of person, you might dread the change of season (and the even colder days ahead). The good news? There are plenty of destinations where you can bypass the classic fall vacation for … [Read more…]
Most working-class parents give their kids the same money advice. Get a steady job and stay away from debt. That advice keeps many families afloat, and it deserves respect. It just leaves out most of what upper-class families teach their children about building wealth that lasts beyond one lifetime, which the ten sections below cover. … [Read more…]