Dr. Nicholas E. Michels

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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Seven Dollars to Change Your Life

Unlocking Financial Prosperity: A Simple Change with Profound Impact Have you ever dreamt of achieving financial security and building wealth, all while continuing to enjoy the things that make you happy? There’s a video that offers a remarkable strategy to make this dream a reality. In just a few minutes, this video outlines a straightforward

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Simple and Effective Monthly Budgeting Secrets

https://www.youtube.com/watch?v=0GioshUTr4M My monthly budget doesn’t need to be a complex 20-page Excel spreadsheet that only a mathematician can decipher. Yes, precision can be beneficial, but it doesn’t have to be that complicated. I’ve adopted the easy 10-10-80 system. I begin by calculating my monthly net income, which is what hits my bank account after taxes,

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10 Genius Things We Can Learn From Warren Buffett

What can we learn from Warren Buffett? This video includes 10 financial tips inspired by Warren Buffett’s principles for building wealth. The tips include avoiding losses, buying high-value assets at low prices, forming healthy money habits, avoiding debt (especially credit card debt), keeping cash reserves, investing in self, gaining financial literacy, using low-cost index funds

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Rich Dad Poor Dad

Favorite Quote “The main reason that over 90 percent of the American public struggles financially is because they play not to lose. They don’t play to win.” — Robert T. Kiyosaki The Book in One Sentence Rich Dad Poor Dad tells the story of a boy with two fathers, one rich, one poor, to help you develop the mindset and financial

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The Richest Man in Babylon

Favorite Quote “Advice is one thing that is freely given away, but watch that you only take what is worth having.” — George S. Clason The Book in One Sentence The Richest Man In Babylon gives common-sense financial advice which you can apply today, told through tales and parables from the times of ancient Babylon. Why should you read

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Total Money Makeover

Favorite Quote “We buy things we don’t need with money we don’t have to impress people we don’t like.” — Dave Ramsey The Book in One Sentence The Total Money Makeover shows you how to stop accepting debt as normal, eliminate it forever in small increments, and build the financial future you deserve in seven steps. Why should you

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The Automatic Millionaire

Favorite Quote “The fact is, none of us really has a choice: We are all playing the money game whether we want to or not. The only question is: Are we winning?” — David Bach The Book in One Sentence The Automatic Millionaire is an actionable, step-by-step plan for building wealth without being disciplined by relying on fixed percentages,

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