How do you measure real wealth?

Paul Merriman is a compulsive list maker and his Thanksgiving list is his favorite of the year. In this podcast, he covers a range of subjects for investors related to real wealth and giving thanks.

He describes getting up very early on Thanksgiving Day to spend a few hours listing names of people for whom he is thankful. While many of the people would be unknown to our audience, others are responsible for helping our Foundation reach and be of service to those who find our work helpful. One such essential behind-the-scenes person is Angela Moore, Senior Editor at Marketwatch.com. Angela is responsible for putting the final touches on the hundreds of “MarketWatch" articles by Paul and Rich Buck. Her kind guidance and care plays an important role in the success of our Foundation reaching and educating investors. Angela was recently interviewed by Ari Parker on "Legacy—Aging With Purpose.” Listen to her speak about “The Value in Money and Memories" at: https://cms.megaphone.fm/channel/legacy?selected=CAC1135958443. We think you will understand why we feel very fortunate to have Angela as our MarketWatch editor.

Paul believes successful investing is largely a long-term series of random events, much as lives can be. To illustrate this point, he recalls an unlikely meeting of a fellow high school graduate as he was standing by himself watching the 1961 "Seafair Parade" in Seattle. That casual conversation ends up being a single step responsible for his Foundation’s work 60 years later. He also shares a single sentence that summarizes the steps young investors should take, inspired by the encouraging responses he received in recently speaking with college students at Rutgers and Western Washington University.

Paul suggests this article by Ben Carlson, one of our Foundation’s Truth Tellers “Who Wants to Be a Billionaire” is an excellent read filled with an interesting list of “real wealth" measurements. https://awealthofcommonsense.com/2022/11/who-wants-to-be-a-billionaire/ Along this same line, Paul also recommends a book for anyone in their 20s and 30s seeking to learn the most-important basics of investing. Spending Your Way to Wealth by Paul Heys, a director of our Foundation, does a terrific job of addressing the real wealth we accumulate. We heartily recommend this book. You can get it at Amazon or—for a discounted copy with a personal autograph—take a look at Paul Heys’ site: https://investorship.com/financial-services-clients/