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.

Let me tell you, if you're ever making a decision and the principle reason you'll do it is because of money, then it is absolutely the incorrect decision.

The freedom enjoyed in Western society under the rule of law and constitutional government explains both the quality of its civilization and its wealth.

I remember thinking that I'd way rather give my parents my money, and not have to like have them go to work anymore, you know what I mean. Because I'd way rather spend more time with them.

I'm not overly alarmist about it, but I do think there are some worrying signs, like the growing accumulation of wealth by a very small proportion of the population, plus elections in the US are much more dominated by money than anywhere else calling itself a democracy.