Dr. Nicholas E. Michels

Everyone is Welcome

Everyone is Welcome! If someone passed this blog to you, that means they care about you.  Do you want a better financial future and life?  Click the link below to sign-up for this free money education blog.  More Information Sign Up for Nick’s Newsletter Nick’s Goal for Financial Happiness  Nick’s Definition of Financial Happiness  Nick’s

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Re-Engage: Strengthening Our Marriage Through Intentional Conversations

Re-Engage Strengthening Our Marriage Through Intentional Conversations Life is full of changes, and welcoming our fourth baby into the world has been one of the most profound and joyous changes we’ve experienced. Yet, as with any significant shift, it can feel like the earth beneath our feet is shaking, making life challenging and uncertain. Amidst

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Asset or Liability

Understand the difference between an asset and a liability The fundamental concept that can pave your way to financial success: understanding the crucial difference between assets and liabilities. Assets, such as real estate, businesses, and investments, have the power to put money in your pocket and appreciate in value over time, while liabilities, like boats

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The Greatest Investment in the World

An index fund is… In this powerful video, we reveal the life-changing impact of self-investment. Discover how mastering new skills, kick-starting a business, and fostering personal growth can transform your world. Your future self will thank you. Don’t miss this opportunity to invest in your greatest asset—YOU. Watch now and start your journey to a

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What is an index fund?

An index fund is… An index fund is a type of mutual fund or exchange-traded fund (ETF) designed to follow the performance of a specific market index, such as the S&P 500 or the NASDAQ. These funds aim to replicate the movements of the index they track, offering broad market exposure, low operating expenses, and

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One important thing

We get taught a lot of things, but how much are we taught about money? Compound interest is a powerful concept in personal finance, particularly when applied to saving a portion of your income, like 10%. The importance of compound interest lies in its ability to exponentially increase savings over time. When you save 10%

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What Multimillionaires Don’t Do

What do most multimillionaires try to avoid? Multimillionaires rarely keep large amounts of physical cash. Instead, they focus on maximizing the earning potential of their wealth. We’ll discuss how cash, while offering liquidity, often falls short in terms of growth, especially when compared to the potential returns from various investments like stocks, bonds, and real

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Should I Pay Off My Credit Card or Invest My Money?

https://www.youtube.com/watch?v=rVa_zMFbeWA Are you caught in the eternal struggle of whether to pay off your credit card debt or invest your hard-earned money? Join us as we break down this age-old dilemma and guide you towards financial freedom.  In this video, Michels Family Corporation delves deep into the world of debt, differentiating between good and bad

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