Tag: Business

Making Money Off of Arbitrage Opportunities

Arbitrage is when you take advantage of price differences between two or more assets, and then profiting until the price difference disappears. Recognizing when and where to take advantage of these kinks will be one of the greatest catalysts towards financial freedom. For example, I realized a few months ago

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The 10 Rules to Financial Independence

I believe 30 is a big milestone. Ever since I was at university, I told myself, either I was going to make it, absolutely kill it, or be a failure by the age of 30. Two painful years of working 90+ hours a week in investment banking put me into

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How the Next Recession Will Impact Millennials

Recessions are never a good time for anyone. A stagnant economy means financial, emotional, and physical-health consequences for everyone, from Baby boomers to Gen Z. However, the next recession stands to hit Millennials particularly hard. Millennials were bloodied in the last downturn, struggled in the recovery, and are now left

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Increase Your Earning Potential by 50% with This One Skill

Growing up, investor Warren Buffett was terrified of public speaking. As a result, he decided to sign-up for a Dale Carnegie speaking course while attending Columbia for his MBA. He realized he would never make the type of impact that he wanted to if he did not improve his communication

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Reach Your 2020 Financial Goals with This Bucket List

I recently wrote an article about effectively following through on your New Year’s resolutions. If you want to make long-lasting and meaningful changes in 2020, start with your financial bucket list. Just like learning a new language or losing weight, a financial bucket list should contain lofty, yet attainable goals.

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Why is Real Estate Such a Good Investment?

Real estate investing (unlike many other investments) has four levers to make you money: appreciation, cash flow, debt pay down, and its tax benefits. Let’s dive into each of the return levers: 1.  Appreciation Appreciation is how much the property value increases over time. 1. According to Case-Shiller Home Index,

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Ways to Use Debt to Build Wealth

First of all, debt is a tool of financial management. It adds financial risk because of interest and principal payments you make to the lender. However, not all debt is harmful. Sometimes, it can improve your financial situation. A simple litmus test can be applied to whether you should take

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How I Lost $30,000 Trading and What I Learned

I started trading stocks in January 2017 using Robin Hood. Over the next 3 months, I made 20% ROI and lost it all in a week. Then I gained 30% on 10 trades the following month. Over the next year, I lost and gained thousands of dollars, changed the entire

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Why Tesla’s Cyber Truck Might Flop

The Cybertruck is a pickup truck for people who do not need a pickup truck. One of Tesla’s core accomplishments has been to change the public’s idea of what and who electric cars are for. The company’s most successful models have dramatically expanded its addressable market, reaching swaths of buyers

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8 Lessons I Learned Making $100,000 Online

I recently passed the $50,000-a-year earnings mark for online earnings, and I now make about $6,000 online every month. I do not like to talk about money, but I find throwing out figures like $6,000 per month piques interest rather quickly. Below are the nine steps that got me there:

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Founding a Start-Up: Do Not Make These Mistakes

It has been two years since I started my job in private equity. Since then, I have worked with some fantastic individuals; Brian Rudolph from Banza, Daniel Katz from No Cow, and David Friedman from Epic Burger. Learning from these entrepreneurs drastically changed my views on what is important for

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The Myths of Home Ownership

Home ownership is great, and depending on how many years you own your home, it can be an excellent investment. However, it is also one of the biggest purchasing decisions you can ever make. When I bought my first apartment, I saved up everything I earned over the previous three

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The Art of Making Tough Decisions

The art of making tough decisions is a topic that is always worth revisiting while you develop into a leader. To help you make these decisions more confidently in your career, business, or personal life, I have condensed down my decision-making process into the steps below: 1. Evaluate If The

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Big Mistakes: Overconfidence Can Cost You Millions of Dollars

We are continuing our series on investing. You can see our previous article here. I bought Michael Batnick’s book Big Mistakes: The Best Investors and Their Worst Investments. The great value proposition of this book is the mistakes made by great investors such as Warren Buffet and and what we

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Big Mistakes: Concentrated Investments are a Risky Business

I recently bought Michael Batnick’s book Big Mistakes: The Best Investors and Their Worst Investments. What Mr. Batnick does is use tales of investment greats such as Warren Buffett to teach lessons about behavioral finance. However, the great value proposition of this book is the mistakes made by the most

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