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.

We need to think about how we teach working-class children about not just hard skills, like reading and mathematics, but also soft skills, like conflict resolution and financial management.

Reliable numbers about the amount of dirty money around the world are difficult to come by. But according to an estimate by the nonprofit Global Financial Integrity group, $1 trillion vanishes from the developing world's economies every year.

The most obvious difference between a cash game and a tournament is that in tournament play, once your chips are gone, so are you. In a cash game, you can always dig into your pocket for more money.

My mother insists women must have financial independence, which is why I completed my degree in medicine.