Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Limited Edition Monopoly Light Purple Set with Gold Hotels

My Theory: It Takes $4.5 Million to Feel “Really Well Off” and $10 Million to Feel “Rich” for the Average American

Following the calculations I did last week, adjusting Monopoly for inflation as if it were real life, I began to speculate about what it would take for the average, regular, typical American citizen to “feel” rich. [mainbodyad]I think the average American would feel really, really well off at the equivalent of a light purple Monopoly…

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Lottery Winners Go Bankrupt Just as Often as Non-Lottery Winners

A lot of times, people convince themselves that if “they just had a little more money” they wouldn’t be in the financial dire straits they are.  Their bills would be paid.  They wouldn’t have financial stress.  The problem is, everyone else with any sense in their life is likely thinking, “Yeah, you’ll be right back in this situation in a few years” but no one wants to say it aloud.

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory