HOW TO BEAT THE 1% AT THEIR OWN GAME (LEGALLY AND ETHICALLY)

The One Percent

Is it just me, or is vilifying affluent members of society really in style right now?  The media would have us believe that the economy is a finite pie and if one person has a bit more, then that means someone else has to settle for less.  I’m sorry, but that’s economically backward. If Larry Ellison (founder of Oracle and multi-billionaire) moves into your town, is your town in better shape or worse shape?  It’s in better shape by a long shot.  Just the drippings from his proverbial plate would greatly benefit numerous aspects of your community’s economy.  It could Continue reading

CONSUMER DEBT & INVESTMENT DEBT

Credit cards are one of the most common forms of consumer debt

We’ve been conditioned to think that debt is bad – and in many cases, it is. Whether you blame peer pressure or clever marketing campaigns, I think we can all agree that the pursuit of status symbols and instant gratification has come to define our modern culture.  When we want something, we want it NOW.  And we don’t just want it, we NEED it. Something about the phrase “low monthly payments” has a tendency to overwhelm logic and reason.   Our rational, objective side gets trampled by emotion as we thumb passed the cash in our wallet in search of plastic.  Continue reading

“SO, WHAT EXACTLY IS INVESTING?”

Investing is simply the art of making money, with money.

That’s a good question.  Here’s my answer: Investing is the art of making money, with money For a moment, dismiss the complexity that’s typically associated with the realm of finance and revel in the simplicity of this definition:  investing is the art of making money, with money. That’s all investing is. It involves the deployment of capital (money), with the intent to have more capital once the financial transaction is complete.  For example, you start by investing $100, and when you’re all done, you have $120.  That $20 represents your investing profit. Now, notice that I defined investing as an Continue reading