Editor's Note: In his first article for TheStreet University, Scott Rothbort covered the timely subject of volatility. Now, he discusses a practical way for young investors (as well as families with teens and young adults) to combat volatility and build significant long-term wealth.
As members of a capitalist society, we are driven to amass wealth. The natural bar of success is set at being a millionaire. This has been glorified by the success of TV shows such as Deal or No Deal and Who Wants to Be a Millionaire.
For my undergraduate students at the Stillman School of Business at Seton Hall University, The Millionaire Next Door by Stanley and Danko is required reading. In the future, as I talk more about what you need to do to act like a millionaire, from time to time I will refer to this book.
Attention: Aspiring Millionaires
...Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,471.58 | 1,108.86 | 2,175.81 | 32.75 |
Oil *
79.69
|
|
UP
126.74
|
UP
13.23
|
UP
31.21
|
UP
0.74
|
10 Yr
3.28%
SPDR Gold
117.38
|
|
+1.23%
|
+1.21%
|
+1.46%
|
+2.31%
|
Data delayed 20 minutes |
Connect with TheStreet