74: Paul Sullivan, NYT Columnist on Money Secrets of the Super Wealthy

Published: March 26, 2015, 7 a.m.

b'Today\\u2019s episode: What it means to live a truly wealthy life. Told by a man who\\u2019s job it is to report on the country\\u2019s ultra rich, how they think, act, save, spend and invest. Paul Sullivan writes the Wealth Matters column for The New York Times and is the author of the new book The Thin Green Line: The Money Secrets of the Super Wealthy. The thin green line is an interesting phrase\\u2026implies that there may not be such a huge barrier between the haves from have nots. We\\u2019re going to dive into that. Paul, himself, is admittedly a part of the 1% but in writing this book he discovered his financial weak spots \\u2026that it\\u2019s not how much you make but how you manage it, how you protect it..that ultimately puts you in control of your money\\u2026and not the other way around. A few takeaways from our time with Paul: -- How most people regardless of their income can get on the right side of the \\u2018Thin Green Line\\u2018 if they really want it to. -- Paul\\u2019s financial philosophy of \\u201cfierce mental accounting.\\u201d -- How to spend smart\\u2026lessons from people who have a lot of money to spend.


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