Carmelo Ferlisi

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The top 54 summer festivals in Toronto for 2016

Summer festivals in Toronto really show that we are the most diverse city in the world. There are so many reasons for other cities to be jealous of …

What to teach kids about money at every age

You might be financially literate, but are your kids? If you’re not doing so already, this is as good a time as any to start teaching them about …

4 Signs a Property Is Worth Buying and Renting Out

Do you have fantasies of becoming a landlord? That is, do you dream that one day, you'll purchase a promising piece of property, move in some reliable tenants, then kick back and collect rent well into retirement?<p>If you've got the cash and ambition to follow through, there are plenty of condos, …

Warren Buffett says these are the 6 most important things you should do with your money

Do you want to be smarter with your money and better at building wealth next year than you were this year? There's no one better to turn to for advice than Warren Buffett. The Oracle of Omaha has built his own personal fortune to more than $72 billion, making him the third richest person in the …

Personal Finance

How Millionaires Protect Their Wealth (And What You Can Learn from Them)

You've probably heard this expression before: <b>"Don't put all of your eggs in one basket."</b><p>When most people use the phrase, they're talking about relying too heavily on one person, plan or system.<p>Say there's only one person in your family who knows how to deactivate your home's alarm system. That's …

How to become a millionaire — understanding time/capital leverage

<i>What they don’t teach you in school about accumulating wealth.</i><p>There are really only a few ways to become a millionaire:<p>Inherit money<br>• Win the lotto or …

10 Differences Between Middle Class And Rich People

According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined. But what about the people in …

Income Inequality

With markets down, should you borrow to invest?

Taking out a student loan to fund university tuition? Yes. Paying for a trip to sunny Florida on a credit card? Why not? Signing mortgage papers for a new home? Of course.<p>We use credit to finance life's big purchases. But why do so many of us shy away from borrowing money to invest?<p>It's a question …

There's a critical difference between how rich people and average people choose to get paid

In his book "Secrets of the Millionaire Mind," self-made millionaire T. Harv Eker sheds light on how the richest people separate themselves from the average Joe.<p>Their success boils down to specific choices they make on a daily basis that most of us fail to emulate, he writes, and these choices …

A self-made millionaire says a seemingly innocuous daily habit could be keeping you from getting rich

In "Secrets of the Millionaire Mind," author and self-made millionaire T. Harv Eker identifies a seemingly harmless daily habit average people engage in that the rich refuse to: <b>complaining.</b><p>"Complaining is the absolute worst possible thing you could do for your health or your wealth," Eker …

5 Habits of the Wealthy That Helped Them Get Rich

Real Estate Investor and Co-host of the BiggerPockets Podcast!<p>Opinions expressed by <i>Entrepreneur</i> contributors are their own.<p>Why do the rich keep getting richer? Most of the time, it's not because of luck. It's not because of the family they were born into. It's not because they won the …

11 Differences between the Middle Class and the Wealthy

When I was in college, my grandfather gave me a book to read, titled The Richest Man in Babylon. And he told me that if I read it and lived by it, I …

Income Inequality

31 years ago, Warren Buffett revealed the secret to investing and correctly predicted nobody would listen

In a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, "The Superinvestors of Graham-and-Doddsville."<p>Buffett writes:<p><b>"The common intellectual theme of the investors from Graham-and-Doddsville is this: they search for discrepancies between the value</b> …

Become a Millionaire. Treat Money Like a Jealous Lover.

Getting rich and becoming a millionaire is a taboo topic. Telling someone that you can get it done in five or ten years sounds like an unrealistic …

Should you buy a home or invest?

<i>This article is by staff writer Holly Johnson.</i><p>The path toward retirement and financial independence usually involves buying a home and investing for …

Real Estate

How I built my family's net worth to $1 million

While I still have some debt in the form of a small mortgage, I'm closer than ever to sailing off into that sunset.<p>Today, I'll tell you my story.<p>As far back as I can remember, I was always a hustler and a saver. When I was 7, my parents paid me to do chores around the house.<p>I earned $2/week picking …

A self-made millionaire who interviewed 1,200 wealthy people noticed one behavior they all have in common

Rich people think selfishness is a virtue, he explains in "How Rich People Think," while average people think selfishness is a vice.<p>"The rich go out there and try to make themselves happy. They don't try to pretend to save the world," he tells Business Insider. "If you're not taking care of you, …

9 Money Habits to Master Before Your 30's

<i>By Cameron Huddleston, Columnist</i><p>You know how the saying goes: Bad habits are hard to break. But sometimes it's even harder to create good habits -- especially good money habits.<p>Roughly one in three millennials surveyed by Bank of America and USA Today <i></i>said their parents did not teach them good …

What You Can Learn From The 1% About Keeping Family Wealth Going

<i>This story originally appeared on LearnVest.</i><p>It goes without saying that people in the top echelons of society—you know, members of the 1%—have a lot of advantages when it comes to getting ahead in life.<p>They have all kinds of people helping them grow their money, manage their (many) homes—and figure …

Mentoring

5 Secrets of Self-Made Millionaires

#3: Avoid time wasters.<p>When I finished my five-year study on the habits of 233 self-made millionaires, I made a breakthrough discovery. Nearly every …

13 personal finance experts share their favorite money-saving tricks

That's why it's helpful to find out what the experts say are the best ways to save and earn more.<p>GOBankingRates put the question to 13 experts on everything personal finance, business, and entrepreneurship:<p><b>"In your opinion, what's the easiest way to save money or to make money?"</b><p>From how to save …

21 Things You Can Do Today to Set Up Your Finances For Massive Success

{This is a guest post from contributor Jason Cabler.}<p>You can read all the personal finance blogs and books ever produced to learn to be successful …

The Millionaire Mindset: 6 Mistakes the Rich Never Make

<i>This post originally appeared on LearnVest.</i><p>Income inequality. One percenters. The wealth gap.<p>Unless you’ve been living under a rock lately — or you …