We've all heard stories of lottery winners, rock stars, heirs and heiresses, and professional athletes becoming millionaire morons who wake up rich but are broke by nightfall.

As a bull market turns into a bear market, the new pros turn into optimists, hoping and praying the bear market will become a bull and save them. But as the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market.

The rich continue to get rich the same way they always have - by understanding how money works and making their money work for them.

I want parents to teach that academic intelligence is essential, but so is financial intelligence.

Batman. I like the idea that if I had enough money, time, and vengeance, I could become him.

I talk to fashion designers and say I want some money to save the rainforest, and they say, 'Oh, I agree with you completely Vivienne. Yes, climate change, it's definitely happening,' but they don't feel that they can do anything about it; they don't even think 'Well let's stop it!'

People should have an escape valve for their money, their assets. If you have substantial financial assets, the government is going to confiscate the purchasing power of those assets and spend it.

The big message I give to all of our clients, and anyone we lecture to, is you have to be smart with your money.