How much money you have does not matter as much as what you do with it strategically and financially. The point is that context is everything. For example, if you had a million dollars, the general wisdom is to never touch the principal and just live off the interest. Is it that simple? How much interest will I earn on
One name from the investment world that you should know about is Seth Klarman. Klarman is a reclusive hedge fund manager and investor. In 1991, Klarman managed over $400 million in assets. Klarman is now the CEO and president of the Baupost investment firm, headquartered in Boston. Baupost manages over $27 billion in assets. Klarman himself is estimated to have
Did you know that most of the money in the world is intangible? Most of the money in the world exists only in digital ledgers and/or is created through interest and debt generation. Technically, there is about $80 trillion in the world. Only about $37 trillion is, “tangible,” in the form of coins and bills. If you count cryptocurrencies, derivatives,
Do you want to become rich one day, or do you only ever aspire to talk about becoming rich one day? Some things are easier said than done, but we usually get what we want from life exactly what we put into it. Money is a tool, a mindset that one should use to ensure more options in life. Treat
What comes to mind when you hear the word, “millionaire?” Do you think of working-class people vying to win $1 million on a game show? Or, of rich people in mansions breaking open Faberge eggs for breakfast? Well, achieving wealth isn’t about money, its about your mindset regarding money. That is the point of the 1997 book The Millionaire Next
(Image courtesy Amazon) The Gen 10 version is durable, lightweight, has a powerful processing system, and is optimal for use by budding entrepreneurs interested in investing, video editing, and earning passive income via bandwidth renting. And even though the high-end version of the machine can cost between $1,800 and up to $2,500, the Lenovo ThinkPad X1 Carbon Gen
