Dr. Nicholas E. Michels

Ronald and Richard’s Story | Wealth Building Strategies Shared

This is a remarkable story of financial journeys that took two very different paths: The key takeaway from these two stories is that anyone can achieve wealth, and anyone can lose it. The difference lies in financial education and the choices made. The lesson isn’t necessarily to live a frugal life like Ronald but to […]

Ronald and Richard’s Story | Wealth Building Strategies Shared Read More »

Negative Media Headlines

If you, like me, sometimes find yourself getting worried due to negative media headlines, I have some valuable information to share that will help put your mind at ease and potentially make you a more successful investor. First, let’s talk about understanding stock market fluctuations. There are several levels of market movements to be aware

Negative Media Headlines Read More »

Compound Interest

In this post, I discuss the concept of compound interest and its remarkable power to build wealth over time. I present a thought experiment where you have to choose between two options: a million dollars in cash or a single penny that doubles every day for 30 days. What do you think is more money?

Compound Interest Read More »

529 Plans Explained & Options for Unused Funds

Very Important: these legislative changes affect all our children and grandchildren!  If you are a parent or grandparent, you will want to know this information that begins in 2024. In this video, we discuss how to save money for your children and grandchildren’s education through 529 College savings plans. We address concerns about what happens

529 Plans Explained & Options for Unused Funds Read More »

Book Recommendation: The Intelligent Investor

Favorite Quote “Those who do not remember the past are condemned to repeat it.” — Benjamin Graham The Book in One Sentence The Intelligent Investor explains value investing, which is focused on generating steady, long-term profits by ignoring the current market and picking companies with high intrinsic value. Why should you read it? Warren Buffett says this

Book Recommendation: The Intelligent Investor Read More »

Mastering Your Emotions in Investing: A Blueprint for Long-Term Success

Investing is a journey filled with both opportunities and challenges. While financial acumen and market knowledge are undoubtedly vital, there’s an often overlooked yet equally critical aspect that can significantly impact your investment journey: your emotions. In this video, we’re going to delve deep into the world of emotional intelligence in investing and uncover how

Mastering Your Emotions in Investing: A Blueprint for Long-Term Success Read More »

Nick Murray: A Beacon of Financial Wisdom and Expertise

In the ever-evolving landscape of finance, where strategies shift and markets fluctuate, finding a reliable source of wisdom is akin to discovering a treasure trove. Nick Murray, a luminary in the financial services realm, stands as a testament to the power of experience, knowledge, and dedication. With a remarkable journey spanning more than five decades,

Nick Murray: A Beacon of Financial Wisdom and Expertise Read More »