Wealth is created. Whether on a small or large scale, when someone creates a valuable good or service, they have created wealth. How valuable that product or service is will be determined by the market and their ability to claim their portion of that value. Nearly all of the wealth in the world is tied … Continue reading Is wealth created or distributed?
Come up with an idea that people are excited about. It could be a product or service, big or small, you just need to have something that someone will get excited about. You don’t need very many people to be excited about it either. Start with the excitement, find a way to create and distribute … Continue reading How to make money quickly?
Buy early and buy often- Even if you don’t always pick winners playing the game will benefit you in the long run. If you have a part time job or allowance, invest small amounts every time you can. People who become wealthy buy stocks every single month for their entire life. Risk it all- Making … Continue reading The Best Advice for Teenage Investors
Absolutely not. Especially not when we are looking to them for guidance on something that has nothing to do with why they got rich. One of the most frustrating part of society to me is that we look up to people we shouldn’t. Celebrities, especially in the age of Twitter and Trump, have made themselves … Continue reading Should we look up to people because they are rich and famous?
Your goal should be to move out as soon as possible. Even if this means a drastic change in lifestyle and standard of living. I think parents should wean their children off of financial support. Cutting them off completely can often lead to resentment and larger issues. I would suggest by starting to have the … Continue reading Should you pay rent if you live with your parents?
If you are like most people and want an easy low cost way to invest that is totally passive, VOO and others index funds like it are a great strategy. Over the past several decades there have been very few fund managers that have consistently beat the market. Managed funds likely won’t perform any better … Continue reading What would you do if you had to invest all your money in one place?
Everyday I buy and sell stuff. I buy food, coffee, clothes, gas, movie tickets, rent, electricity, etc. I sell real estate, my time and expertise, my writing. Several transactions every day, sometimes hundreds. Money in, money out. Most of these purchases are completely mindless. I use electricity 24 hours per day. I swipe my card … Continue reading The purchase that changed my life.
An actual number is highly personal and specific to the individual. There are a couple scenarios that put you in the wealth category, even if you don’t have a lot of money in the bank. An income stream that is not dependent on day to day working and can support your basic needs. If you … Continue reading When are you considered wealthy?
Something about humans makes us always want more. For millennia people have been on a quest for more stuff. More land, more cars, more women, more food, more clothes. It's all lead us to here, where the world revolves around us buying and selling. I've always found it odd how we allocate value to certain … Continue reading The 7 Best Purchases I Made Recently
Gender inequality has many effects on the economy, some good, some bad, depending on what position you are in. Some of the biggest effects are below. This isn’t intentioned to be pro or con on any of these results, just facts about how changes have and will affect the economy, as women start to earn … Continue reading What will be the effect of Income Equality on the economy?