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When I launch my AT&T mobile GPS after a wrong exit, I usually start with,"Where am I?"
If I am leaving from home, I don't do that, but I believe, I know where I am.
We have all come across the ubiquitous "You are Here" sign boards. At the start of a mountain trail or when frantically trying to locate a store in a large mall. We start with identifying where we are, then determine where we want to get to and then think about other things such as how long will it take? How much will it cost? Is there a quicker route? Can I beat the rush hour traffic?

The same applies to a financial journey. We will begin with, "Where am I?" or  "How wealthy am I?"  or  like the financial folks, you can ask, "What is my Net Worth?"

It is a simple two step process. Click here.

And when you have the answer, that will be your starting point.

What next? That will be a personal choice:

Where do you want it to be? By when? What is your present rate of accumulating wealth?, et al...

We will get to it in the following posts. Hang in there. Keep your comments/questions coming!

Millionaires and New York City

I love NY. This city fascinates me. Every time I see the Manhattan skyline, I can't but marvel at the limitless capabilities of the human being. When you see the skyline from Ellis Island, it makes the vision all the more stark. People came to NY with nothing but a dream and down the road we see how they created unsurpassed wealth. The United States has the world's largest number of millionaires (~ 5.5 million of them)   and NYC is home to the largest number of millionaires within the country ( ~ 700 thousand) with LA being a far second (~ 300 thousand).

Unfortunately, we also see some people who fell by the wayside or were they pushed out? The center for working families recently put out a paper calling NY, "The Empire State of Inequality", referring to the unfortunately growing wealth divide between the super rich and the poor. We can tag this situation with fancy vocabulary -  Economic Crisis, Wrong Policy Decisions, Lack of / Too much regulation, Wall Street greed....the list goes on. It could be one or a combination of these, debating that is not the purpose of this blog, but I refuse to call it the 'Wealth' divide. I call this the 'Knowledge' divide!

This is the land of free enterprise. All you need is a basic knowledge of how to manage your own finances to keep you going on the financial highway and your dream is your destination, your determination, your speed!

Join me ( 'Follow me' , technologically speaking) as we empower the world with financial knowledge, one person at a time, beginning with you. Welcome to Finance for the Non-Financial folks.