For one reason or another frugal people focus on the last item on this list. They would become significantly wealthier by focusing more on the first part but just don’t have any interest in putting in the time. Perhaps this is because they believe being rich at 30 versus 40 isn’t a big difference (could […]
Now closed thanks.
As a general rule of thumb you’ll want 25x your annual spending to call yourself financially independent. Instead of debating this rule since people like to argue on the internet, we’ll use it as a basis for the post. Having 25x annual living expenses doesn’t say much about how the person lives. But. Knowing the […]
Now closed, was a lot better and will leave it up. Thanks!
The last time we saw a real recession was 2008-2009. Over the past 10 years we’ve been in a perpetual bull market with nothing but upside (so it seems). 2011 was one of the rockier years during the bull run, but it persisted with double digit returns on a consistent basis. Looking back, the prior […]
When we think about “great businesses” everyone talks about Google, Amazon and Facebook. Not to mention the top tier brands like Nike, Apple and Coca-Cola. While these are all great businesses beyond a shadow of a doubt, the chances of creating these mega corporations is quite small. In fact, there are millions of other ideas […]
According to a recent article, Warren Buffet believes doubling someone’s net worth won’t make them happier. We of course disagree. That said there are two sides of the spectrum, doubling someone from $10 for example to $20, doesn’t do much. Similarly, doubling someone who has $1 billion dollars or more (like Buffet) is not going […]
A lot of life requires avoiding potholes. Even after you become a millionaire you’ll find that there are several hundred more potholes to avoid. If you’re looking for proof of this look no further than your next trip to the airport. Take a good long look a the people flying in business/first class and you’ll […]