Tag: Investing

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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The Three Types of Businessmen

I see a lot of people say that they want to be a businessman or entrepreneur. They talk about it, but do not really give it much thought. Insofar as I know, there are only three types of businessmen: builders, middlemen, and investors. 1. Builders Classic examples are Mark Zuckerberg

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The Four Kinds of Capital

When people think about capital, they think about a stack of money. There are in fact four types of capital which I will explain below: 1. Financial Capital Financial capital is just a pile of money. It is the accumulation of money and other assets that can be used to

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Credit Card Churn: How I Made $6,000 in a Year

What is Credit Card Churning? The practice of churning is to sign up for new credit cards to get the promotion points or miles. You move onto another as soon as possible to earn points, and then close it immediately or before the annual fee is charged. Every time you

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