Once in a while we have to cut out the frugal people who accidentally come here and believe we’re in the same group (not even close). Frugal people believe in scarcity which is why they focus on cost cutting even though there is a significant floor to cost cutting. No matter how much you try […]
After writing on this blog for years, the one concept that seems to separate the rich from the middle class is the concept of convexity. If you tell someone they can become a millionaire in 10-years they think this means you save $100,000 per year for 10 years straight. Anyone who has made it to […]
Closed now thanks!
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 […]
Q&A is now closed thank you! Enjoy the Weekend!