So Money - Episode 74

Paul Sullivan

Author of The Thin Green Line

— To stream the interview click here.

— To download the mp3 right click here and choose “save as”

Today’s episode: What it means to live a truly wealthy life. Told by a man who’s job it is to report on the country’s 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…implies that there may not be such a huge barrier between the haves from have nots. We’re 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, that it’s not how much you make but how you manage it, how you protect it..that ultimately puts you in control of your money…and 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 ‘Thin Green Line‘ if they really want it to.

— Paul’s financial philosophy of “fierce mental accounting.”

— How to spend smart…lessons from people who have a lot of money to spend.

If you’d like to learn more about Paul Sullivan, visit his website or follow him on Twitter @sullivanpaul.

My favorite quote from the interview: “Money is just a means of exchange.” – click to tweet

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