Canadian comedian and actor Jim Carrey gave a moving commencement address to a class of 2014 last month. In his speech he describes how people often make seemingly practical choices that are actually based on fear, and how this can turn into a costly mistake. It’s true for many aspects of life, including personal finance. What I want is to become financially independent. But… Read More »
From shady snake oil salesmen to the proverbial Nigerian prince, there is no shortage of fraudsters in the world trying to swindle people out of their money. You might think scams only happen to other people. You know better than to fall for phishing scams or multi-layered marketing products that don’t work. But despite best efforts even the most careful, conservative investors can… Read More »
Life is short so it’s important to take periodic breaks from our busy lives, sit back, and enjoy the present moment 🙂 Listening to music is a great way to unwind. Here’s some ambient background music composed by David Wise of RARE/Nintendo fame. Enjoy! Studies have shown that people who are more giving also live happier lives! Money shouldn’t be a means to an end.… Read More »
Thought I’d share another helpful tip from the recent seminar I went to 😉 If we think like the rich, and act like the rich, then wouldn’t it make sense that eventually we will become the rich? Yup, I think this makes a lot of sense 😀 For example rich people don’t say “I can’t afford that.” Instead, they ask… Read More »
What is a credit score? It’s a number typically ranging from 300 (low) to 850 (high) that represents the likelihood of someone paying back a loan on time, based on that person’s past credit history. Why is it important? Banks use credit scores to determine a lender’s credit worthiness. If someone has a low score because he’s been… Read More »
To become successful investors we have to think like burglars, because we must be constantly on the lookout for windows of opportunity 😆 So today’s post is about finding those opportunities with the help of math and probability 🙂 In a recent Poll, I asked if readers would prefer to receive a guaranteed $3,000 or an 80% chance… Read More »