Your House Doesn’t Make You A Millionaire — 1% of the world population qualifies as millionaires. A millionaire has a liquid positive net worth of 1 million dollars minus their debts and liabilities. So unless you net millions of dollars after selling and paying off…
Here’s How To Find Out You might think someone is wealthy if they earn a million dollars or six figures. According to Robert T. Kiyosaki, this isn’t true wealth. The average person would find this salary a good stinking deal. Robert challenges you to rethink…
Talking about the important stuff with the most crucial person in your life — The Money Conversation If there is one conversation you want to have relatively early with your partner or future partner, it is about money. Of course be pragmatic about it and discuss money…
Quit being short-term oriented — As you age, one thing will increase if you’re financially productive. Your income. But with income increases comes responsibility, and many of us don’t want to deal with responsibility. We want to have fun and enjoy life. It’s less fun…
It’s not about lemonade — it’s about incentives, margin, and low-risk bets. The Dhando Investor Core Idea: Heads I win a lot. Tails I lose little. Pabrai often points to lemonade stands as a microcosm of business — a simple system where incentives, pricing, margins, and demand become immediately visible….
This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized. Join the Newsletter → It’s not about lemonade – it’s about incentives, margin, and low-risk bets. Pabrai often points to lemonade…
Your financial behavior is their blueprint. — Lesson 1: Spend less than you earn. Always. The less you spend. The more you keep. If you spend more than you earn, you will never ever ever reach a positive net worth, build substantial wealth, or experience financial…
If you don’t fund your retirement, you’re quietly making your kids your plan It’s a luxury to have your parents pay for your school. It’s also one of the easiest ways to get your kids to take their education for granted. When a person pairs effort…
This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized. Join the Newsletter → Your financial behavior is their blueprint. The less you spend. The more you keep. If you spend…
This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized. Join the Newsletter → If you don’t fund your retirement, you’re quietly making your kids your plan It’s also one of…
If you don’t pick a number, money will eat your life — Real Quick: Conduct This 5-Question Audit 1. What is your motivation to earn money? 2. Why do you wake up every day to earn another dollar? 3. What number are you working towards (do…
And Your Home Doesn’t Make You One Either — The Definition of a Millionaire Someone with a liquid net worth of 1 million dollars minus their liabilities. 98% of the global population are not millionaires, and here’s why: 1. Lottery / Quick Fix Mentality Delayed gratification requires…
This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized. Join the Newsletter → And Your Home Doesn’t Make You One Either Someone with a liquid net worth of 1 million…
This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized. Join the Newsletter → If you don’t pick a number, money will eat your life What is your motivation to earn…
How to spot financial chaos before it becomes your problem — Money can be such a sensitive subject — especially when you’re dating. People are either super comfy with it or tighten up immediately. Never try to change people when it comes to money. Just observe how they…