Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
They are Exchange Traded Funds. Huh? Simply, an ETF is an investment fund that is traded on a stock exchange. Although the ETF is similar to a mutual fund (or unit trust) and comprised of many individual investments such as stocks, bonds, or both,…
From the day you’re born until the day you die, money will always play a huge role in determining how good your quality of life was, is, or will be. That’s a pretty profound realization, isn’t it? I’m not going…
I am a huge fan of the exponential function. It is simply magic. This ninth world wonder—as Albert Einstein (or some other clever person) called it—can make everyone a millionaire with merely saving 1$ a day. That’s a bold statement that…
Consider a scenario of two people: each 25 years old, David who makes $40,000 a year and Michael who makes $80,000 a year. Each year, they get a 2.5% raise and both work until they are 73 (yeah, this might be the regular…
Goal-setting is the master art or skill because it is the ability that enables you to gain all other skills and abilities. It is the main function of your mind. Your conscious mind sets the goal via a thought…
The other day, an ex-colleague asked me to point him to some trading books that would teach him to get rich. I was cracking my head for some wisdom that could help him with in his journey as trader. After a while,…
Numerous studies have shown that money makes happy up to an inflection point of between 40,000 to 70,000 USD per year. I guess that is quite obvious since with that amount of money one’s basic needs can be met (depending on where…
Or why we adhere so strongly to our beliefs. One culprit is what the rule of consistency describes: a powerful force that compels us to act in a way that is consistent with our past behavior (this rule is extensively…