We recently received an email that we are paraphrasing for privacy purposes. In essence, a single forty year old man (“John”) has $2M and no interest in having kids. But. He does not believe he is “rich” and continues to work in a career he loathes. The problem? He didn’t take into account an eventual […]
We are going to take an extremely complicated subject and attempt to make it understandable to anyone. We will fail miserably at this given that it’s our first attempt at describing the idea. In this case we’re using the readership as our Guinea Pig so thank you for reading! Essentially, we are going to walk […]
For many people, getting a million or two is enough. In that case, it may not be the least risky option to get “rich” if that is all an individual needs. Once we start putting more parameters or restrictions around what qualifies as rich, you’ll start to get to some startling conclusions. Specifically, we’ll draw […]
There are a million posts on the difference between being young and old it really boils down to a shift in recovery time along with pain tolerance. When you’re young, you have the ability to recover quickly (just look at physical injuries) however your pain tolerance is lower (not enough repetition). As time goes by, […]
John and Adam walk into their cubicles for the first day of work: “Welcome to Company X! We pride ourselves in client service, diversity, going the extra mile and of course grooming bright up and coming stars like yourself. Last year we grew revenue and net income by X%! You’re joining an elite group of […]
Retirement accounts are largely a scam. They are set up to make you feel richer than you are and create a false sense of security that does not exist. Most of the fund managers within the 401K structure also underperform the market making it an overall bad investment. That said, since many people will be […]
If you forced us to decide we would choose the highest cash flow at this point in our lives. Trying to maximize net worth is becoming less and less important since the money doesn’t go with you when you die. That said, everyone has different opinions on what is most important to them. Maybe they […]
No return is risk free. We know that many will say treasuries, are risk free but we’d argue that even those instruments have risk (government reliance, just ask Venezuela). Secondly, we don’t view any instrument including treasury bills as risk free because who knows what will happen to the *long-term* tax rate. If someone reaches […]
