I can’t print sensitive information like stock picks from our group of newsletters… But this article gives you an inside look at our group’s philosophy. I’m happy to share it with you today.
Be sure to read our Editor’s Note at the end for one last chance to sign up for our free webinar.
The amounts are staggering. I’m talking about the amount of money CEOs have made this past year. Some of these guys are hauling in beaucoup bucks. For example, Philippe Dauman, CEO of Viacom, parent company of MTV Networks, BET Networks and Paramount Pictures, was paid $84.3 million in 2010 to run the company. That’s a 250% increase from what he made the previous year.
His salary is a mix of actual salary, which is at $2.6 million; annual incentives valued at $11.2 million; stock options worth $28.6 million; stock grants at $27.1 million; and bonus for performance at $14.7 million.
Dauman makes so much money he’s the highest-paid CEO. Following him is Larry Ellison, billionaire founder of Oracle Corp., who only received $68 million in 2010. At the bottom of Hay Group’s list of top paid executives is Eric Schmidt, executive chairman of Google, Inc.
His job description doesn’t sound like much: As executive chairman, he is responsible for the external matters of Google, building partnerships, broader business relationships, government outreach and technology through leadership.
For all his hard work, poor guy only got paid $1.8 million. But does how much money you make really matter?
According to Alex Green, a former money manager and nationally renowned financial expert and investment director of The Oxford Club, real wealth isn’t just about how much stuff you own. (That’s materialism, not wealth.) It’s not about showing off a huge house, exotic cars or an exclusive club membership. (That’s ego, not wealth.) It’s not even about your bank balance, stock portfolio or net worth, no matter how large.
Living a rich life is not just about the money you accumulate but more about living a life of significance. Don’t get me wrong. Alex isn’t saying that you don’t need money. In fact money does give you freedom. And Alex Green is a master at taking ordinary individuals and showing them how to achieve complete financial independence.
Alex’s message is this: Money might create wealth but so do character, conscience, attitude and wisdom. Only by incorporating these elements into your day-to-day existence can you experience “the good life.”
I’m not trying to preach to you now about how you should live your life. But what I would like to do is ask that you get a copy of Alex’s new book, Beyond Wealth. I just got a copy myself and have been reading it everyday.
As the executive publisher of Taipan Publishing Group, I’m often consumed with numbers from bottom-line financials to what recommendations our editors can provide you that help you enjoy a more comfortable lifestyle. Sometimes, though, it pays to “stop and smell the roses.”
Alex’s book is helping me do that. It has become my daily affirmation for stopping to smell the roses. Each day I make it a point to read several pages, to serve as my “check and balance” to not get too caught up in the numbers grind.
I actually have to congratulate Alex for writing this type of book. As investment director for The Oxford Club, he’s a numbers-oriented guy too. So you’d think any book he writes would strictly be about how to make more money. Beyond Wealth isn’t that type of book at all.
It offers deeper insights to living a more meaningful life. Living a “rich life” is about meaningful work, close connections with friends and family, and other very helpful, very useful ideas.
Alex’s book is available through Amazon.com.
(Sign up for Smart Investing Daily and let me regular editors Sara Nunnally and Jared Levy simplify the market for you with their easy-to-understand articles.)
We’ve got the hotel and dates in place. This year’s annual summit will be held at the Venetian Hotel, Sep. 17-19, 2011. We’re calling this summit “The Survival Summit.”
Why survival? Well, to be quite frank, things are going to get a lot worse before they get better. If you aren’t properly prepared, you’re at risk of losing a lot of money.
Each one of the Taipan editors is going to share with you their specific strategies to protect your wealth. But you know it wouldn’t be a Taipan Publishing Group conference unless we also offered you ways to make money. At the conference you’ll receive seven exclusive recommendations. Let me repeat that. Seven exclusive recommendations.
The only way to get these recommendations is to attend the conference.
Please mark your calendars. Official invitations will be sent out in the next few weeks. I hope I can count on you being there.
Until next week, here’s to a world of opportunities.
Editor’s Note: Before the Survival Summit, we’ve organized an exclusive event. You may have heard us talking about it this week: the Money Crisis Survival Webinar. We’ve already closed registration for this free event, but our publishers have re-opened the list for just a few more days.
This might be the last time Smart Investing Daily will be able to offer you a chance to sign up. The event takes place on June 20, at 7:00 p.m. Eastern Time. During the webinar you’ll get access to a report, “The Political Core of the Money Crisis: How D.C. and the Feds Are Taking Away Your Money.” You won’t find this report anywhere else.
Only those who have signed up for the webinar will get this report. You can learn more about this free webinar right now. Just click here.
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