Posts Tagged ‘Paul qui’

An author who interviewed rich people offers insights on how they made their money and how they think about wealth.


Do you dream of becoming rich but aren’t sure how to make your millions — or better yet, billions? Then who better to ask than the rich themselves about how they made their way to the top.

Steve Siebold did just that. He’s spent nearly 30 years interviewing the world’s wealthiest people.

Siebold, the author of “How Rich People Think,” (find it on Bing) spoke with U.S. News about what the rich have in common, how self-made millionaires attained their wealth and why now is the best time to strike it rich. Excerpts:

Q: What sparked your fascination with the rich?

A: I was a broke college student in 1984, and I wanted to be rich. But I didn’t feel like I was getting the information I needed from my college business classes. In a lot of the classes, the business professors seemed to put down the rich, and that didn’t make sense to me. So I started looking for outside sources until I found a millionaire to interview.

Q: Was he difficult to find?

A: Yes, because I didn’t know any millionaires and I was just a kid. I was probably 19 years old. And I found the rich don’t really like to flaunt their wealth. Most of the rich, in my experience, aren’t like Donald Trump — they’re the polar opposite. They want to be left alone, because as soon as people know they’ve got a lot of money, people come after them and the media goes after them. They want to be quiet and unexposed.

The deal they made with me was I wouldn’t give their names out unless they gave me permission, and very few of them gave me permission.

Q: Have you found any commonalities among the people you’ve interviewed?

A: Their personality styles vary: Some are introverts, some are extroverts. But their belief systems around money are the same. That was the one thread that really helped me throughout the process: They all have a really positive relationship with money. They think about money in terms of freedom, as opposed to the negative relationship a lot of people have with money.

Q: The net worth of the richest Americans grew by 13% in the past year to $1.7 trillion. Does that surprise you?

A: No, not at all. If you look at the global equity markets over the last few years, they’re up 18%. As where the average Americans have their money wrapped up in their home equity and low-interest vehicles, like 401k’s, the rich have their money in the global equity markets. They’ve got the money to invest, and it’s a good place to be right now. They’re also in a nice position because they can afford to lose.

Q: Did self-made millionaires simply work harder than the rest of us to get where they are?

A: Most people think the rich got lucky. People think their money wasn’t earned by hard work and strategic, calculated thinking, which is not the truth for most people. There are crooks in every income category, but in my experience, there’s no more on the rich side than the poor side.

But it’s interesting how the self-made rich are a really hated group. They’re discriminated against, even in the wealthiest country of the world. I think it’s really sad. I think we should celebrate these people. There’s a tendency to demonize them, which I think is just crazy.

Q: Is there any way that contempt some people have for the rich can change?

A: I hope so. It’s so easy to take a shot at people who are rich. I hope that, over time, we can change our beliefs in this country, because if we don’t lead the way in changing people’s beliefs about capitalism and wealth, I think we’re really in trouble.

Q: Do rich people feel that resentment to the point where they only want to associate with other rich people?

A: Absolutely. I call it “cocooning.” But they don’t like to talk about money when they get together. They genuinely like to associate with one another. But many people think it’s because the rich think they’re better than other people, and it’s not — it’s because they’re discriminated against. I think they just want to be with similar people who won’t discriminate against them. They’re a minority that people target, which is why they tend to hide out and stick together.

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

Original Article by: Daniel Bortz, U.S. News & World Report

Click here to view the original article

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Please take a moment to check out my listing at 4102 Peck Avenue. Located in the heart of Austin, this beautiful home is within minutes of The University of Texas, Downtown Austin, Handcock Golf Course, and Hyde Park Bar & Grille. Currently offered at $425,000.




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You know what your budget is, and you may even be a champion at getting the best possible deal, so why is it still so easy to go wrong?


Today’s shoppers have more choices than ever before, from grocery store coupons they can download directly onto their store savings card accounts to apps that help them find even more bargains. But modern technology also makes it easier to spend — turning us into a nation of rabid consumers, always on the prowl for the next big score.

The cure for our nationwide shopping fever starts with identifying and conquering our personal spending habits. If we’re successful, we end up with more savings and less debt, which is a financial goal that’s short on pain and long on gain.

Here are seven of the most common shopping traps and tips on how to avoid them.

1. Shopping as hobby or sport

There’s nothing to do, or you’re on vacation or planning an afternoon with some good friends. You opt for shopping. Why is spending money such a rush? Financial expert and newsletter editor Galia Gichon says Americans shop for three main reasons: There’s a sale, they’re bored, or it’s a habit.

“Very rarely do they shop because they truly need something,” Gichon says, adding that many times, these same consumers haven’t done the math to determine whether they can even afford their purchases. Gichon recommends combatting the urge to plug shopping into your empty hours by creating a budget that puts aside a weekly amount for such expenses. “You can spend that money on anything you like, but keep to that amount,” she says. Once you’ve spent out your allowance, says Gichon, you’re done for the week.

Another strategy that’s both simple and effective: Remove the source of your guilty pleasure by tossing those sales circulars, staying out of the mall during lunch hours and leaving your credit cards at home. Your bottom line will thank you.

2. Cruising for deals online

True shopaholics don’t quit simply because they can’t get to the store. Instead, the digital age keeps bringing temptation to your doorstep — or desktop. Financial author and speaker Peter Bielagus says the problem with the information superhighway is it keeps finding new inroads to our wallets.

“Websites are getting smarter and smarter. Tracking software is monitoring your purchases, as well as what people like you purchase, and constantly offering suggestions,” Bielagus says. As a result, he says, temptation increases.

“It’s a bit like trying to stick to a diet while keeping a fridge full of sweets,” he says. Bielagus says that in addition to online consumer reward programs, websites now send alerts when they’re running sales, which prompt consumers to buy with a simple click. He suggests taking active steps to shut down alerts and recommends that those looking to make permanent hard-core changes to their habits even close some of their online accounts. “The hassle of reopening an account just to buy something can be enough to deter an impulse purchase,” he says.

3. Having to own the latest technology

If you’re the type of person who thinks nothing of standing in line half the night to be the first to buy a new gadget or software, then you’re stuck in one of the deadliest of spending traps: having to own the latest technology.

While there’s fundamentally nothing wrong with being into gadgets, staying up to date on your purchases can shred your budget and doesn’t really make sense over the long haul. “The longer you wait for new technology, the better,” says Bielagus.

Plus, says Bielagus, waiting before pouncing on the newest thing has advantages: Not only does the cost fall (for example, plasma televisions were pricier when they first came out), but the developers work out the kinks over time, and you get a better product.

4. Mistaking shortcuts for savings

This applies particularly to weekly purchases made at the grocery store. While it’s nice to have that salad already made and ready to drop into bowls, you can stretch your cash by purchasing ingredients that require a little elbow grease. “Food that has been ‘pre’ anything — chopped, cooked or marinated — is one of the most expensive ways to purchase (groceries),” says Ellie Kay, the author of “The 60-Minute Money Workout.”

Kay says a side-by-side comparison with “virgin” (uncut, uncooked) counterparts will show that you’re forking over lots of extra bucks in exchange for a little help in the kitchen. While that’s fine if your budget’s unlimited, most of us don’t have that luxury. Try going the more labor-intensive route for a change, and see how spending that extra 15 minutes in the kitchen can pay off.

As for bulk buying, do so only when the items are ones you know you will use before they expire. Bulk toilet paper for a household with multiple bathrooms and lots of family members might be a good investment, while a purchase of four dozen eggs may result in waste if you end up throwing some away.

5. Buying the brand

Sometimes it pays to buy brand names, and sometimes it doesn’t. The key is to know the difference. Kay says brand buying can torpedo a grocery budget, particularly when prices of staple products, such as milk, are climbing in double-digit increments.

“There are some exceptions, but brand-name buying is not always the best indicator of quality,” Kay says. She recommends buying generic at the grocery store and using common sense when it comes to other purchases, such as children’s clothes, especially when it comes to items you’ll hand down to your younger kids.

“We had four sons, and we could buy two pairs of cheap tennis shoes in six months or one pair of quality shoes for six months (until they outgrew them),” Kay says. She bought name brands when it came to her kids’ shoes because it made sense to buy a more durable product. But she buys generic fabric softener at the grocery store to save cash.

6. Getting clearance-sale fever

Even prudent shoppers seem to react differently to clearances, especially after Christmas. If you’ve ever found yourself the owner of matching 3-foot-tall wooden nutcrackers, you might be a victim of clearance-sale fever. The solution, says frugal shopper Sara Davis of Clayton, N.C., is to shop clearances only when you can match the clearance to your real needs.

Davis says she shops for necessities such as pillows and sheets during January white sales and picks up candles when they’re marked down for clearance, because these are items she would purchase anyway. “I don’t buy holiday decorations after the season because I don’t feel like storing the items,” she says. As for things she really wants, Davis stalks those items before making a purchase.

“I once waited two years to buy a pair of shoes I wanted just to make 100% sure they never went on clearance,” she says.

7. Taking couponing to the extreme

While reality television has turned couponing into a sport worthy of the Olympics, experts say improper coupon use can drain your finances, not help them.

“Good couponing is not buying something simply because you have a coupon; good couponing is buying something because it’s a good value,” says Kay. She says it’s a lure that can hurt your budget if it leads you to buy a brand that costs more or if you have to buy items in larger quantities, as in a coupon that requires the purchase of two items.

Davis avoids compulsive shopping by using coupons only for items she typically purchases — a good policy, according to Kay. To make the most of your coupons, sort and match them to your grocery list, then store sales circulars. Download store-generated coupons from the store’s website to add more coupons to the mix. Trade coupons with friends to maximize your savings — keep only the ones you’ll use, and pass along the coupons your friends will find handy. Finally, never assume anything is a bargain simply because you have a coupon for it.

Compliments of: Martha Small | Austin Portfolio Real Estate | 512.587.0308

Original Article By: Carol Moore, Bankrate.com

See Original Article Here

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I simply couldn’t help but sharing this –

Check out this website for some adorable and stylish “Back-To-School” looks for Toddlers – Charles and Kate



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Back to school means early mornings and quick breakfasts. Use some of these tips to boost your kid’s brain power and to make the most of his or her school day!


Check out the video here.


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If you follow my blog, you know I have a little crush on Paul Qui, winner of Top Chef Texas and Executive Chef of Uchiko.  I FINALLY got over to his trailer, East Side King, last week.  The husband and I had a little date night on the East side.  Now I went to Zavala for 4th grade and Martin Jr High for 7th and 8th, but my how things have changed.

We started out at East Side Show Room for cocktails, apps and split and entree.

Featuring AustinBeerWorks!


Cocktail Menu Selections

We chose the fried chickpeas, grilled shrimp and the quail with peaches – all to spilt.  We LOOOVE sitting at the bar whenever it is the two of us, taking to the bartenders and learning new things.  Then it was off to Shangri La– which happens to be right across the street, but I took us on a few blocks round about, which ended up nice as we saw so many interesting spots on East 6th.  In the back of Shangri La- hosts East Side King, Paul’s trailer.

Shangri La Location!

This is one of 3 locations- and the Husband ordered the cow tongue.  It came on a bed of rice with mint and tomato- almost a pico de gallo.   It was so fun to people watch and enjoy the 88 degree evening (all beit 100% humidity- can’t win them all).

So I am late to the party- but better late than never!

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A fun Friday night was had by all! Thank you to some good friends who included us in a private dinner at Uchiko- Austin’s darling restaurant by Tyson Cole. The highlight of the night (it is hard to pick) was meeting Top Chef Texas contender (and surely the winner) Paul Qui. The dinner consisted of 10 courses and 5 wine pairings. Delish! Even for a girl who doesn’t eat raw.
Uchiko backs to one of my favorite, sleepy neighborhoods, Rosedale. Quiet streets, walking distance to Central Market and all of that retail and shopping and Ramsey Park. The City of Austin did a major rehaul on the park last year and it is a kid favorite (good playground, splash pad for summer).

Hope your weekend shapes up to be as fun as our Friday night!



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