I’m gonna clear the air on something right away: I grew up as poor as you can in America. I was intermittently on welfare growing up, lived in public housing projects until I was 18, and had to start working at age 11 if I wanted extra money for anything. I’m a product of inner […]
When it comes to leverage there appears to be two camps: no leverage and a ton of leverage. This is simplifying things, but if you talk to rich people they typically talk about leverage positively or they got wealthy without leverage buying lots of assets with cash (significant business cash flow). Another interesting item here […]
The richer you get the more likely you are to suffer from these “problems”. In fact many of you reading this, likely a larger portion than most assume, will find it entertaining. In standard fashion, instead of just listing out the issues we’ll attempt to provide a few solutions as well. They aren’t great but […]
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One common recommendation from personal finance “experts” is to save 10% of your income. Unfortunately this advice is absolutely awful and will make sure that you’re extremely far behind over a 30-40 year time frame. Why? Well the numbers only work if you expect to make the same or less as you get older. We’ll […]
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We are updating the total Investment Banking compensation numbers for 2018. Excluded from this overview is investment banking analysts as the variability has not moved much. Simply put an investment banking analyst should make $160, $185K, and $210K in years one, two and three (plus or minus $5-10K depending on how good or bad the […]