If you’ve followed this blog for a while, you’ve probably noted it’s on an inexorable path to eternal greatness. Continuous improvement is on display almost every single day, and it’s only a matter of time before this site is heralded as one of the greatest finance blogs in history. Granted, at my current pace, “a […]
On the Path of Continuous Improvement Read More »
Time is certainly precious. Everything we do, everything we enjoy, every moment we cherish, uses time. With enough time, it seems anything is possible. With too little, nothing is. And once it runs out completely, your game is over. And running out is exactly what it’s doing – this incredibly valuable asset is steadily, relentlessly
Is One Year of Your Life Worth $25 Million? Read More »
This site is all about assets. But I like to define assets really, really broadly. As I’ve said before, many of us are millionaires from a personal balance sheet perspective – if you add the present value of your future earnings to your financial investments and couch change, the total may well exceed $1,000,000. But,
What’s Your Stuff Worth? (Human Capital Edition) Read More »
FACT: When you have a blog, lots of folks head straight to your “About” page to see what you’re all about. FACT: When they go there, they’re expecting to see something that suggests you know what you’re talking about. Weird, right? OPINION, DRIFTING DANGEROUSLY CLOSE TO FACT: My “About” page is a bit underwhelming. Let’s see
Who Am I, and Why Should You Listen to Me? Read More »
I have been blogging for one year. And what a year it’s been! Good News I’m a Blogging Machine! I have 22 posts (let’s be generous and count this one too, so 23). That, my friends, means an average of almost one post every fortnight. Boom! Bad News Apparently the Blogging Gods say you need
In Like a Lamb, Out Like a Sheep Read More »
Stampylonghead has started to play a role in my life. He and his friends are required characters in my bedtime stories to my boys. It’s not a problem, since I can roll with just about anyone in my stories – I’ve been able to seamlessly weave Skylanders, Octonauts, Godzilla, Woody and Buzz, my two sons,
Stampylonghead and the Beauty of Leverage Read More »
Recently our TV died, or came as close to it as it could (I’ve got grand plans to order a part and try to fix it, but that’s another story). Despite not subscribing to cable, our loss underscored how dependent we were on a TV as a medium. With Netflix, Amazon Instant Video, youtube, over
Dumb TV’s Are a Dying Breed Read More »
When I was younger, I worked at a consultancy with a friend who was a little older and wiser than me. One day he got to talking about his “number” – what it would take for him to be able to walk away from work and retire. This gentleman’s number, at the time (circa 1995),
Your Number Is Not a Moving Target Read More »
Financial Lessons from the World’s Most Ubiquitous Combat Rifle When the AK-47 was released, it earned the contempt of Western armies. It continues to earn the contempt of many gun enthusiasts today. It is cheaply made. It has, at best, average accuracy. It is an incredibly old design (the “47” refers to 1947, its first
In Praise of the AK-47 Read More »
Late last month, we lost one of my most admired entrepreneurs. Felix Dennis, a billionaire publisher and ex-crack addict, passed at the age of 67. Felix Dennis was best known to me for his excellent book, How to Get Rich. Contrary to the suspicious sounding title, which seemed to hint at get-rich-quick schemes and a
Felix Dennis, R.I.P. Read More »