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…
Do you have lots of time to read lengthy articles, including some of my blogs? Nowadays, fewer and fewer of us own that luxury. Thus, I will share very brief tips and snippets of useful life hacks that can serve…
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…
We tend to associate more importance to recent events than we do to less recent ones. The more vivid our memory of something which occurred in the past is, the more “available” that event will be in our mind and the more…
No, I am not referring to that 1998 action movie with Tia Carrere. More to situations where you spend a month researching the best flat screen TV, then invested twice as much money in a penny stock based solely on a hot…
This is clinging to a fact or figure that should have no bearing on your decision. Often, we use an initial value or first piece of informationa as a “starting point” in decision making. Even if the initial value was…