Egan, Berger & Weiner: Rich Man, Poor Man?

How do you know when you are “rich enough”?

That’s the topic Egan, Berger & Weiner partner Sheldon Weiner tackles in this issue of EBW Financial News.

“Stop reading this article for a minute, and ponder this question for yourself,” he suggests. “Pull out a pad and pen, or type on your favorite electronic device, the three things that would make you feel rich enough.”

You may be surprised to hear what’s on Weiner’s list. You also may be surprised to learn that you are wealthier than you think. Scroll down for all the details.

Also be sure to check out our sidebar article on “Savers vs. Spenders — Which one are you?”

An oldie but goodie, a 1996 tome by marketing professors Thomas J. Stanley and William D. Danko gives us a glimpse into the behavior of those they call UAWs (Under Accumulators of Wealth), and those who are PAWs (Prodigious Accumulators of Wealth). Which group do you fit into?

For more insights into helping your Millennial kids save for their financial futures:

Check out CFP® Bryan Beatty’s latest podcast on Finance Rules: EBW’s Financial News Radio Show, where he discusses:

  • Why Millennials (born 1980-2000) need to be concerned about getting started in financial planning and in saving for their future
  • Why this is a challenge for them—and their parents
  • How EBW engages the Millennial generation to get involved in saving for their future
  • And, as a member of Generation X himself, how Beatty works with the next generation

Click here to watch Beatty interviewed about this topic on News Channel 8’s Let’s Talk Live!