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Carrick on money: Confessions of a spoiled rich kid

The upper 7 per cent of U.S. households owned 63 per cent of the nation’s total household wealth in 2011, up from 56 per cent in 2009, according to a report from the Pew Research Center.

Jae C. Hong/The Canadian Press

The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.

Confessions of a spoiled rich kid
He's the son of a Silicon Valley entrepreneur who was a generous father. Perhaps too generous, as you'll read here.

The 411 on index funds
A look at how index mutual funds and exchange-traded funds differ in the indexes they track, and the fees they charge.

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How to talk like a real estate agent
Seven amusing tips for putting a positive spin on a property.

It's never too early to teach kids about money
All about helping your kids develop good money habits.

Also, check out my two new online magazines. Housing Heretic is a forum for critical thinking on the housing market, and genYmoney offers personal finance and investing tips for young adults.

More money
Join the 45,000+ people who subscribe to my Facebook personal finance community for talk about investing, retirement, real estate, banking and other financial matters.

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About the Author
Personal Finance Columnist

Rob Carrick has been writing about personal finance, business and economics for close to 20 years. He joined The Globe and Mail in late 1996 as an investment reporter and has been personal finance columnist since November 1998. Rob's personal finance columns appear in The Globe on Tuesday and Thursday, and his Portfolio Strategy column for investors appears on Saturday. More

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