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.

I have to address the economic conditions of everybody, including, and perhaps first, those who are poor.

At some point, most of us reach a place where we're afraid to fail, where we instinctively avoid failure and stick only to what is placed in front of us or only what we're already good at. This confines us and stifles us.

People assume I'm out there having this great life, but money doesn't erase the pain. When you're young you barrel through life, making choices without thinking of repercussions. A few years down the line, you wake up in a certain place and wonder how the hell you got there.

If you can make finance more functional, make it a tiny percent better, you create a great deal of resources, which you can use for other things like education and healthcare.