Wealth Blog

Friday, July 9, 2010 11:37 am
By Judy Martel · Bankrate.com

How do you define wealth? Billionaire investor Warren Buffett sat down with interviewer Willow Bay to discuss and dispense some advice about wealth. And, as is typical of the truly wealthy, the conversation didn’t focus on money. If you listen to the interview, Buffett essentially talks about the one luxury the rich always come home

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Friday, July 2, 2010 11:51 am
By Judy Martel · Bankrate.com

Have you heard about the Indianapolis businessman who surrendered his luxury car collection as a means of paying off investors who lost money in his finance company? Tim Durham, owner of Fair Finance Co., has not been charged with a crime, but U.S. District Attorney Tim Morrison in Indianapolis alleges he’s involved in a Ponzi

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Wednesday, June 30, 2010 12:03 pm
By Judy Martel · Bankrate.com

It’s probably not shocking that the wealthy try to avoid paying taxes on their fortunes. After all, trusts and other tax-avoidance and postponement tactics have been around for centuries. But IRS data shows that the wealthy are going even further – literally – to avoid paying Uncle Sam. They’re moving to states that have lower taxes, and,

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Friday, June 25, 2010 2:11 pm
By Judy Martel · Bankrate.com

Sometimes it’s fun at the end of the week to assemble the latest weird news from the world of wealth. And the moneyed population is always a rich (so to speak) source. Consider two recent news items from my home state of Florida. By way of explanation, I offer the excuse that the 90-plus degree

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Tags: news, wealthy, weird
Wednesday, June 23, 2010 9:01 am
By Judy Martel · Bankrate.com

It appears the millionaire population has returned to pre-recession levels, and is feeling the itch to spend. Boston Consulting Group’s latest study says that global wealth staged a “remarkable comeback” in 2009, increasing by 11.5 percent to $111.5 trillion, just shy of the number at year-end 2007, before the recession. What’s more, North America posted

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Wednesday, June 16, 2010 3:06 pm
By Judy Martel · Bankrate.com

Spoiler alert: This blog contains a lot of “ifs.” Let’s start with the most important one: This being a blog about people with money, the first prerequisite for even considering taking on more debt is that you don’t need to in the first place. But as an example of using smart leverage, if you can

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Friday, June 11, 2010 2:46 pm
By Judy Martel · Bankrate.com

When circumstances beyond your control result in a sudden reversal of fortune, what should you do? In my last blog I wrote about the initial steps to take when you’re the recipient of a financial windfall. So let’s see what our two experts have to say when the situation isn’t so fortuitous, and your money

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Wednesday, June 9, 2010 12:40 pm
By Judy Martel · Bankrate.com

Quick – imagine you inherited $100,000 from a relative. Or you won the lottery. After jumping for joy, what would you do? That question could well determine the fate of your fortune, but far too many people act hastily and get it wrong. The pitfalls of spending too much are obvious, but maybe less obvious are

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Wednesday, June 2, 2010 10:10 am
By Judy Martel · Bankrate.com

Last week, I blogged about the return to extravagant spending. Could luxury homebuying finally be on the upswing? It seems that in some markets, we’re enjoying a real estate recovery, with property priced at more than $2 million selling at levels not seen since the boom year of 2005, according to one study. In Palm

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Friday, May 28, 2010 11:57 am
By Judy Martel · Bankrate.com

Tiffany & Co., that purveyor of little-black-dressed cultural icons and simple but devastatingly expensive jewelry, announced that earnings for the first quarter more than doubled. “So what,” you say, while browsing the aisles at Sears? Well, when consumer spending loosens up, it’s a sign our economy is improving, and in many cases, it trickles down

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