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

3 COMMON INVESTING QUESTIONS ANSWERED

QuestionsAnswered

If I had to select the top three questions that I’m asked most often by new members and coaching clients, the questions would undoubtedly be the following: 1)  WHAT SHOULD I INVEST IN? There are two primary factors that determine what you should be investing in:  1) Your personal investment criteria and 2) The current investing and economic landscape. Both are independent variables, but both should be taken into consideration. Starting with your personal investment criteria, this includes things like your current level of disposable income, your level of risk tolerance, and your long-term financial objectives.  For example, if you’re 50+ Continue reading

THE PROBLEMS WITH YOUR JOB

Frustrated Employee

I can feel you rolling your eyes right now. As if you really need me pointing out everything that’s wrong with your job, huh?  I’m sure you’re more than capable of figuring out this one on your own. Well, there are a lot of problems with the whole job concept in general: workplace politics, discrimination, sitting in traffic, high taxes, favoritism, lack of control, big egos… I could keep going. Well, I’m of the opinion that the biggest travesty associated with jobs is that they commit the cardinal sin of directly linking time with earnings.  With a job, you’re trading hours 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