8 Financial Rules That Apply To Everyone And Their Money

Even the wealthy and famous have to abide by these money rules.

No matter who you are, how much you earn, or how you invest, a few truths apply to you and your money.

1. Spending money to show people how much money you have is the surest way to have less money.

Singer Rihanna earns tens of millions of dollars, but found herself "effectively bankrupt" in 2009. She sued her financial adviser for not doing his job. He offered a legendary response: "Was it really necessary to tell her that if you spend money on things you will end up with the things and not the money?"
The first iron rule of money is that wealth is the stuff you don't see. It's the cars not purchased, the clothes not bought, the jewelry forgone. Money buys things, but wealth -- assets such as cash, stocks, bonds, in the bank, unspent -- buys freedom and security. Pick which one you want wisely.

Top 10 richest footballers in Europe: Wealth-X

With the 2014-15 European football season underway, Wealth-X has released its list of the 10 wealthiest players in the European football leagues, with Real Madrid star Cristiano Ronaldo topping the list with an estimated net worth of US$230 million.

There Are More Billionaires In The World Than Ever

According to the Wealth-X and UBS Billionaire Census 2014, there are more billionaires in the world than ever. In 2013, there were 2,170 of them and this increased by seven percent in 2014 to 2,325. Collectively, these individuals (only 286 of them are women) have a combined worth of a whopping $7.3 trillion.

Where do most of the world’s billionaire’s live? Europe has the highest concentration in 2014 with 775, 9 more than in 2013. North America has the second highest billionaire population with 609 while Asia comes third with 560. Africa actually suffered a decline in its small billionaire population over the past year – it fell from 42 to 40.
Mexican business magnate Carlos Slim Helú is the world’s top billionaire with $81.1 billion, ahead of Bill Gates and Warren Buffet who have $80.2 and $65.8 billion respectively.

10 Of The Most Expensive Watches In The World

Auction houses may bring the promise of watches that withstand the test of time, but for those who prefer their wrist candy new, there is no shortage of options. From the classically inclined to mechanisms more suited for NASA, here are ten of the world’s most expensive watches prized for their craftsmanship and lineage.

1. Vacheron Constantin New Traditionnelle World Time

 
Thanks to an incredible Calibre 2460 WT movement, the flagship of the Excellence Platine collection, first introduced in 2011 and now available in platinum, takes the Vacheron brand to the next level.
Two significant hallmarks to note: the new hand-engraved center dial world map (with a shaded area on the map to reflect day or night) and a dial that is the first to reflect the upcoming time zone change in Moscow, effective October 26, which will change from being three to two hours ahead of Geneva. This 42.5 mm timepiece has three patents: for the indication of 37 time zones, for the day/night indication, and for crown-operated adjustments. Made of 950 platinum, as are its dial and folding clasp, it bears the sought after Geneva Seal.

Price: $98,500

Bill Gates Is At Least $6 Billion Richer Than He Was Six Months Ago, But Not From Microsoft

In July, Bill Gates may or may not have lost his title as the world's richest man. It depends on who you ask.
According to Forbes, Gates has a net worth of almost $82 billion, which puts him in the No. 2 spot behind Mexican telecom magnate Carlos Slim, who's worth $85.4 billion.

 

According to Bloomberg, Gates is still the world's richest man, worth about $86.5 billion, with Slim at No. 2.