Jesse Meijers

When you put money on a savingsaccount you receive interest. Usually banks will give you between 2 and 5 % interest on your hard-earned money. Apart from there being easy ways to make higher interest rates (which we won’t go into now), it is imperative that you understand the concept of compound interest. There is not a single other concept that has made more people into millionaires than compound interest!

Have you ever heard about those ‘good old days’ when a cup of coffee was only 25 cents? Or when a beer only cost 50 cents? Then you probably also think that prices have risen dramatically and that we can now buy much less than our parents or grandparents could at our age. But that isn’t the case, because prices rising is in fact a consequence of inflation. So what is this phenomenon exactly, and how does it influence the economy? Let’s examine a fantastic explanation of inflation and recession by Paul Krugman.

As you press the button for the 10th floor, you see a man hurrying to catch the elevator. You hold open the door and the man steps in. ‘Thanks!’ he exclaims as he presses the button for the 15th floor. The man extends his hand and introduces himself. It turns out he is the CEO of this company, something you know all too well. You have wanted a meeting with him forever, and now he is asking you ‘So, what do you do?’

Every day we are encountered by reasons. People give a reason for something in order to justify what they are doing. This is very normal behaviour, we all do this. But the reason we give is not the same as our true reason.

A friend of mine recently recommended this book to me. The book discusses the down to earth methods that the people at 37signals used to build their massively popular web applications, used by hundres of thousands of users world wide. With only three people!