Tag Archive | "Investing"

How to easily improve your rational thinking

Sunday, November 29, 2009

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How to easily improve your rational thinking

In one of my previous posts I talked about what being smart reall is all about. I discussed how being rational is important and I explained what rational thinking is. So be sure to read that post first, then watch the video below. This amazing insight is exactly what being rational is all about: the ability to distinguish fact from fiction!

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Why 50/50 is not fair

Tuesday, November 17, 2009

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Why 50/50 is not fair

If you have ever had to negotiate with someone, you have probably experienced the same as I have. We have learned that 50/50 is always a fair deal. I mean, if we do it 50/50 it has to be fair, since we have equally divided whatever it is that needed dividing, right? You've guessed it, the answer is no. It is not always fair to divide things 50/50.

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How automatic or ‘residual’ income works

Wednesday, November 4, 2009

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How automatic or ‘residual’ income works

How do they do it? Those people who have tons of money, yet seem to be working hardly if at all. Their secret is that they have found a source of automatic income. Money flowing in, without spending as much as a minute on making it. But, how is that possible? Surely there is no such thing as getting rich while doing nothing? Think again. And you can do it too.

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Your house is not an asset… nor is anything else you own

Thursday, October 29, 2009

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Your house is not an asset… nor is anything else you own

If you have ever tried to get a loan from a bank, or have applied for a creditcard, you'll be familiar with the term 'asset'. Simply stated, the bank identifies those things that you own which can be sold for money to be an 'asset'. For the bank, there must be a low risk to the value of these 'assets'. Therefore, the bank thinks your house, car, expensive Armani suit and all the other valuable 'stuff' you have are assets. Your bank is an idiot.

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Why your retirement plan is fundamentally flawed

Monday, October 12, 2009

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Why your retirement plan is fundamentally flawed

The generation of my grandparents have it made basically. They worked hard for 40 years and then they received a nice pension from their retirement plan that they had saved for over the course of those 40 years. How can this plan be flawed at all? Don't all people simply save money to put into their retirement plan and justly receive this money when they retire?

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Success Formula – Happiness, Health and Cashflow

Monday, October 5, 2009

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Success Formula – Happiness, Health and Cashflow

In a previous post I was writing about the difference between being rich and being wealthy. As I intended in that post, I will post an update of my own wealth every month. I won't disclose any details about the values most of the time, but I will tell you what decisions I made and how I think they are going to work out for me. In the end I hope this series will be a valuable resource for beginning entrepreneurs, who want to learn more about which decisions make the most sense.

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