Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
Traditional Economists or Self-help authors? So the question is whether popular finance books give the same valuable advice as academic economists. Economist & Finance professor James J. Choi was so interested in this question that he surveyed the 50 most…
Holding is the hardest part because it combines ALL the feelings & potential regrets that can arise from both buying & selling. Buying is the easy part of buy-and-hold. Anyone can buy-and-hope. It’s the hold part that’s hard. It was…
No one will ever sell me a get-rich-slow plan (because it wouldn’t sell very well), but it’s the only one that consistently works.
“There’s no point in saving for the future because we’re going to have war, revolution, and it’s all going to come to a violent end.” I’ve also heard that young people aren’t saving for retirement either (because “there is no…
Because I have a 100% success rate with my previous stock market forecasts & because it’s kind of a tradition here we go again. But first, let’s ponder on this: I’ve long believed that forecasts can be valuable even when…
If your answer is “𝑁𝑜𝑡ℎ𝑖𝑛𝑔, 𝑟𝑒𝑎𝑙𝑙𝑦.”Okay, so why try so hard to earn lots more money? If your answer is “𝐼 𝑠𝑝𝑒𝑛𝑑 𝑖𝑡.”Okay, so once you make money, hanging on to money is just as hard as making it. You…
Managing Money is easy.Managing Wealth isn’t. We quantify what’s easily countable, not what matters most. Wealth isn’t as easily defined. But it’s quite impossible to manage something we haven’t defined for ourselves. 𝐈 𝐚𝐦 𝐜𝐮𝐫𝐢𝐨𝐮𝐬, 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐰𝐞𝐚𝐥𝐭𝐡 𝐭𝐨 𝐲𝐨𝐮?…
𝑫𝒐 𝒚𝒐𝒖 𝒌𝒏𝒐𝒘 𝒕𝒉𝒆 𝒆𝒙𝒂𝒄𝒕 𝒂𝒎𝒐𝒖𝒏𝒕? To accumulate more money is presumably the main reason we spend most of our days working. But do we keep track of how much we have? Do we know how much is enough? I…
Many people: “Once I hit a certain level of net worth all of my problems will magically vanish.” Reality: ”Nope!” What if I told you that achieving that long-term net worth goal you’ve always dreamed of achieving probably won’t bring…
