Jesse Meijers

The difference between value and price

All successful entrepreneurs know that there is a distinct difference in value and price. But most people don't fully understand this difference. If you want to build a successful business, understanding this distinction is simply crucial.

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Work smart, not hard!

"Work smart, not hard". Isn't this a big cliche? Doesn't everyone dream of working smart and not hard? And doesn't it turn out differently all the time? Let me explain how you too can work smart instead of hard, and make more money while you're at it! Here's how I did it...

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How to identify great business ideas

You are going into business with a partner, who has developed 2 fantastic products. The first product is a prevention against cancer, that people have to take every day. The second is a cure for cancer, which you take once when you have cancer and heals you. If you have only enough money to market one of these, which would you choose?

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The OTOM principle: Other people’s Time, Other people’s Money

There is a principle that is widely used amongst successful entrepreneurs, and especially those with the aim of making money. This principle is called the OTOM principle: Other people's Time and Other people's Money.

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The harsh truth about pension plans

Let's face it: we all grow old some day. And when we do, we want to keep living in the same way we have become used to. Which means we need some sort of income. The standard way this desire is met, is by using a pension plan. However, did you know that most people with a pension plan will never see all of that money?

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The 8th Wonder of the World – Compound Interest

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!

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Inflation and Recession explained by Paul Krugman

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.

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Creating Wealth – Robert G. Allen

I recently finished Robert G. Allen's book 'Creating Wealth'. This book is simply amazing for people seeking to build wealth and find financial freedom. Robert Allen is a true specialist and gives fantastic advice. Whether you have made your first million already or are just starting out on your road to financial wealth and freedom, this book is a must.

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The millionaire minute

There is something that all rich people do but most others do not do. It is a distinction in their personalities which leads them to accumulate more money than other people do. This article will tell you what it is. And best of all, it is so easy to do that anyone can do it!

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December 2009

Here is another monthly report. I'm happy to see that the line is picking up, hopefully to stay around a higher level for a longer period of time. The most apparant reason for the line to be higher is my health; I have recovered from my back injury. And since health is the second most important factor in the wealth formula, it has a very big impact.

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