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This presentation consists of highlights from the interview with Moe Abdou,

founder & host of 33voices®.

Paul Sullivan writes the Wealth Matters column for The New York Times. His articles have appeared in Conde Nast Portfolio, The International Herald Tribune, Barron’s, The Boston Globe, and Food & Wine. From 2000 to 2006,

he was a reporter, editor and columnist at the Financial Times. His first big story for the FT was a profile of the author Kurt Vonnegut based on a train ride they took from Springfield, Massachusetts to New York City. His last piece for the FT was Vonnegut’s obituary. He received degrees in history from Trinity

College and the University of Chicago.

Paul Sullivan@sullivanpaul

Writer, Photographer and Journalist

Knowing the difference between being wealthy and being rich is the difference

between living a secure for a fraught life.

Insight #1

Insight #2

“What’s seen is the money they made, but what’s unseen is the choices that they’ve made. It’s what allows them to continue to be wealthy. It’s more about taking a very long view with all

the potential negatives that we all fear.”

- Tiger 21 founder Michael Sonnenfeldt on being wealthy

Insight #3

The wealthy uses debt sparingly and strategically to invest in a business or

buy something that is going to appreciate in value, the way a home generally

does over long periods.

Insight #4

Anyone who hopes to get on the wealthy side of the Thin Green Line will know where his

money is, and what it will be used for, for that person is likely to have a goal for his money.

Insight #5

The wealthy are likely to be accumulators, for they get more pleasure in not spending but will spend when necessary or justified.

“Don’t live like a king for a little bit, live like a prince forever”

- Former NFL player Adam Carriker

Insight #6

While a white collar individuals may make more money than a blue collar one, the

blue collar one can be wealthier if she saves more money than she needs to live.

Insight #7

Being on the right side of The Thin Green Line involves making choices and understanding the difference between

wealthy and rich. Consider reframing your thoughts about money or simply talking about

spending plans instead of budgets.

Insight #8

The people who are truly wealthy know the advantages and disadvantages of money,

and use their wealth to create security for themselves without robbing their children

of the incentives to excel.

Insight #9

No matter how much someone gives, a bit of pain for the donor is a good thing; it reminds

the giver that he or she is sacrificing something.

Insight #10

Those on the wealthy side of The Thin Green Line have an ‘internal locus of

control,’ for they take credit for their success and personal responsibility for their setbacks.

Further, their aversion to investment losses prevents them from taking losses personally.

What’s your money secret?

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Presentation created by Chase Jennings

Insights by Moe Abdou