I get more than a few emails asking about how to educate, communicate, and transition children into adulthood with good financial habits. The big question relating to this topic is often: when do I stop giving my kids money? As most of you remember, I was interviewed by Geoff Williams from The Huffington Post about … More When (and How) To Stop Giving Your Children Money
In the slow, uneven evolution of society–the process of progress–a few visionaries, sometimes lead by a charismatic leader, bring an issue to the front of the social consciousness. It is often an injustice like slavery, women’s rights, workers’ rights, discrimination: some unequal or unfair situation that should be remedied. Lawmakers are moved to recognize this … More Old Money: A Different Approach
Hi Mr. Tully, I wanted to say thank you a lot for your book and your blog. The book was a gift from my uncle in Vermont. It’s really made a huge difference for me and he thought now would be a good time to write you. I inherited a large amount of money this … More (New) Old Money: In Their Own Words
I think there are challenges for people when they look at our group and think they’d like to live like we do. The initial impulse I’ve witnessed before is to go buy things that would seem to indicate that one’s now gentrified. This reaction is typical of the middle class or upper middle class. They … More Old Money: In Their Own Words
It’s been quite a year. And it’s the holiday time. What a better moment to articulate the things that have really irritated, aggravated, and annoyed Old Money Guys and Gals (OMGs) the last twelve months. So pour yourself a strong one, put your feet up, and grumble along with me as we detail The Top … More Top Ten Old Money Pet Peeves
“I spent a lot of money on booze, birds, and fast cars. The rest I just squandered.” – George Best, professional soccer player, 1946-2005.
Honestly, we could name 500 obstacles to financial independence. Such is the world we live in. But for the sake of simplicity and brevity, let’s hold it to five, and avoid those on the road to being new Old Money. In no particular order of importance, they are as follows: Trouble with the law. As … More 5 Obstacles to Financial Independence
I received a phone call the other night from a friend who had just read The Old Money Book. She’s in her mid-20s and doing very well career-wise. She’s also living the life: nice new car, nice new clothes, out for drinks a couple of nights a week, and a long weekend to somewhere out … More Why Live Like Old Money?
An OMG shares his memories of his youth and the values that were handed down from his family. “It is weird growing up with old wealth. The way I was raised was like this, I received lots of gifts for my birthday and Christmas. I usually got gifts that would help me to become a … More Old Money: In Their Own Words – Part 4
An Old Money Gal shares some of the memories and rules of behavior she grew up with. You do not praise yourself. Ever. If you are good, “everyone” knows. (It’s a small world.) If you are not, it’s embarrassing. Do not draw attention to yourself. You are there as a resource, and if people need … More Old Money: In Their Own Words – Part 3