6 Rags-to-Riches Millionaires

From Oprah Winfrey to Steve Jobs to J.K. Rowling, entrepreneurial success stories are the stuff from which American dreams are made. Much like these famous names, the six self-made millionaires we're profiling have one thing in common: Thanks to hard work, determination and sound advice from mentors, friends and family, they've been able to build thriving businesses from the ground up. The rise to the top can be bumpy. In fact, some of the entrepreneurs we talked to were homeless during the early years of their companies. That's why they all agree that it's important to help others in need....

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The Psychology of Taxes on Entrepreneurs

As an accountant, I have a unique vantage point to observe how entrepreneurs change their decisions based on tax policy. My focus as a business advisor is making businesses more profitable first, then dealing with the tax implications of profit. As much as I would like to focus on profit, I regularly have to “reprogram” the entrepreneur’s thinking on taxes. With new clients, I often have to overcome the advice given by their former CPA, who would inevitably advise them to buy more equipment at the end of each year to avoid paying taxes. Folks, this is just plain dumb...

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Will College Dropouts Save America?

I TYPED these words on a computer designed by Apple, co-founded by the college dropout Steve Jobs. The program I used to write it was created by Microsoft, started by the college dropouts Bill Gates and Paul Allen. And as soon as it is published, I will share it with my friends via Twitter, co-founded by the college dropouts Jack Dorsey and Evan Williams and Biz Stone, and Facebook — invented, among others, by the college dropouts Mark Zuckerberg and Dustin Moskovitz, and nurtured by the degreeless Sean Parker. American academia is good at producing writers, literary critics and historians....

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Earn Black Belt Unemployment

“Take a look at this black belt I’m wearing people. You think anyone wants a roundhouse kick to the face while I'm wearin’ this bad boy?” It’s time for unemployed Americans to embrace capitalistic martial arts. It’s time to talk like Rex from Napoleon Dynamite. It’s time to give socialism a roundhouse kick to the face. If you aren’t already one of 14 million unemployed Americans, you’re probably concerned about joining them. The U.S. economy netted no new jobs in August. Zip. Zero. Zilch. Consequently, the number of Americans applying for unemployment benefits in the first full week of September...

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Steven Kurlander: Small business volunteers deserve a little slack from public criticism

In terms of employment and wealth, the U.S. economy is shaped primarily by small businesses. According to the Small Business Administration, small businesses employ over half of private sector employees, pay 44 percent of the total private payroll, and have generated about 65 percent of the net new jobs over the last 15 years. The individual contributions of these business owners are also extremely important in building and sustaining an economic and social base in our local communities. Historically, small businesspeople have always contributed significant time and resources to American society by joining civic groups like Rotary or Kiwanis or...

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Can Everyone Become a Billionaire?

I'm going to tell you something that Barack Obama doesn't understand. And because he doesn't understand it, our country is wasting hundreds of millions of dollars at a time when we cannot afford to waste hundreds of millions of dollars. Time and again President Obama has told us how he intends to solve our health care problems: spend money on pilot programs and other experiments; find out what works and then go copy it. He's also repeatedly said the same thing about education. The only difference: in education we've already been following this approach with no success for 25 years....

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Food Trucks Owners Say They're Being Hassled By The NYPD

Some food truck owners near 6th Ave. say they are being forced out by the NYPD. "They are not giving us summons yet but they are shooing us away and giving out warnings. That's bad for business," said David Weber, the President of the New York Food Truck Association. Under state law, it is illegal for food trucks to park in metered spaces. "It's a 65 dollar ticket. But even more costly is if they have to move or be towed. We lose customers during the rush time," continued Weber. An NYPD spokesperson says officers will enforce the law in...

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Our Economy Needs Less Government And More Entrepreneurs

Economically, successful businessmen make the world a better place. They are essentially voted rich at the cash register poll. We pay them to add value and they reciprocate with jobs, goods and art. The top ten percent of earners pay most of America’s taxes, account for the majority of charity and half of retail sales. It is thus baffling that wealth has become such an object of derision. Even decades after communism collapsed we are inundated with Marxist agitprop. Intellectuals and politicians — teeming with a hypocritical combination of envy and self-righteousness — pontificate incessantly about the rich “not paying...

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Don’t Worry, Be Wealthy: Easiest Time Ever to Make Millions, Author Siebold Says

The world maybe headed for another recession, but there seems to be no better time to be a millionaire or billionaire. Global wealth hit a record $121.8 trillion high in 2010 or $20 trillion above pre-recession levels, according to a new report by Boston Consulting Group (BCG). And, the number of millionaire households jumped 12.2 percent to about 12.5 million. The trend will continue up to about $162 trillion by 2015, "driven by the performance of the capital markets and the growth of GDP in countries around the world. Wealth will grow fastest in emerging markets," says the report. There...

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Spengler: Why the Republicans can't find a candidate

Never before in American politics have so few offered so little to so many. I refer to the prospective Republican candidates for next year's presidential elections, not a single one of whom elicits a response that might be mistaken for enthusiasm from the voters, the pundits, or the party's elder statesmen. There are a couple of generic governor types like Tim Pawlenty of Minnesota or Mitch Daniels of Indiana, and a long list of has-beens and never was's. But the Republicans despair of finding the man or woman who can define an alternative to a weak and waffling President Barack...

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A Modest Proposal to Save the American Economy: Entrepreneurial Blitzkrieg as Job Creation Vehicle

Preamble: The United States is the richest nation on the planet and yet we find ourselves mired in a long-term recovery from the Great Recession of 2008. The biggest problem affecting the greatest number of Americans is the high unemployment rate, which is not expected to return to pre-recession levels for many years. High unemployment means that many people struggle daily to find adequate food and shelter, with many losing homes to foreclosure. Business activity is adversely affected and growth is diminished. The cost to government is enormous as public safety nets are strained to the breaking point, and reduced...

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