Making of a Millionaire
Trae Wieniewitz built up a financial advisor business starting in 2001 after getting a finance degree from Louisana State University (LSU) and working for a Fortune 500 Wall Street Company.
In 2005, Katrina struck in his client region, destroying not only the homes and lives of his clientele but also threatening his hard won growth in the business.
Today he is a successful millionaire entrepreneur with a $15 million a year firm, proud new papa and sponsor of ‘Cruisin for a Cause’ in a community support non-profit in Knoxville, Tennessee USA
His Story, His Voice
Trae has been gracious enough to share his story with us, in his own words. Read why he left a Fortune 500 Wall Street Company, why he pulled up roots and moved his family and business after Katrina, how he re- built his business, and what it is like being a millionaire.
He also has some great advice for aspiring entrepreneurs and future millionaires.
Read the full story at: http://www.familymoneyvalues.com/index.php/explore-wealth-lifestyles/177-a-millionaires-voice-from-wieniewitz-financial
Have you ever started all over with an endeavor?
Mayer Amschel Rothschild, founder of the House of Rothschild, practiced geographic diversification when he sent each of his 5 sons to a different European country to set up a bank. By doing this he avoided political, economic and natural disasters from hitting all areas of the family fortune at once.
The natural disasters suffered in the past couple of years around the world point out the continuing need for geographic diversity – especially of legacy items that can be destroyed or lost in a natural disaster.
The losses suffered in Japan as a result of the earthquake and tsunami, in Joplin, MO as a result of the EF5 tornado, and in Reading, KS where the whole town was wiped out by a storm; in the Texas wildfires; in the Christchurch earthquake; and the Mississippi floods all point out that we can quickly lose all the physical possessions that we have.
Surviving a Devastating Tornado
Envision yourself after surviving a tornado. Your house has been demolished, your cars are up in a tree tangled around each other, your possessions, files, computers, televisions, telephones, food, and clothing are destroyed or in the next county, mixed up with your neighbors.
The Midwest USA has been hit by multiple rounds of spring tornados, including an EF5 strength one that killed upwards of 125 people in Joplin, Missouri and another smaller one that leveled the whole town of Reading, Kansas. Today, Sedalia Missouri was hit by a tornado as well and last night cities in Oklahoma were also damaged by storms.
Technorati published an article I wrote today (Joplin – the Missouri Perspective). In it, I listed multiple ways to help. Since then, I heard about a Facebook page that someone in Kansas City, Mo developed which is matching up folks who need to rent a place to stay with folks who have places to rent. It is here .
Please consider assisting the relief efforts, especially the more long term ones, for those in our country who have had so much taken from them.
Today was half price day for seniors at the Hillcrest Thrift Shop. I went looking for T-shirts for myself and my grand kids. They will become ‘Grandma Rie’s Money Camp’ T-shirts once I apply the iron on transfer. Since I love a bargain, I also shopped for and found some books about jobs and money to use for the camp as well.
Rich Lady Shopping At Thrift Store
As I was leaving, I noticed a beautiful new cream colored Lincoln Towncar also pulling out of the lot. Peeking in, I saw that the driver was silver haired and most likely over 55.
My first reaction surprised me – I was a little bit angry. Why would someone driving an expensive car like that need or want to shop at a second hand thrift store? After all, this is used JUNK, that STINKS and probably has a gazillion germs. But then, I reflected, was I not also there shopping – driving away in my Toyota convertible with my bargain T-shirts and books?
Many families recognize the bonding experiences possible, educational & entertainment value and inexpensiveness of having a regular family game night at home. Playing family games that also teach financial concepts is an excellent way to have fun while helping your kids (and sometimes yourselves!) learn and practice financial concepts.
I’d love to hear what your favorites are.
Here are a few that we have found to be worthwhile. Continue reading
“Teach me and I’ll forget, show me and I may remember, involve me and I’ll understand” – Chinese Proverb.
Kids (and adults!) love games. Games help us practice what we can’t (or won’t) do in reality. We learn from games.
Games can help us learn about money, investing, running a business, and other financial concepts. In my youth, we had only board games, such as monopoly or Pit or Life. Today we have a myrid of board and online games to help us learn about and help us teach our kids about money. Continue reading