Month: October 2019
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How a High School Student Can Create $1 Million in Wealth
Know someone in high school? Give them a massive head start in life.
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Landlords Beware
Painting: Badminton House from Badminton Park by Giovanni Antonio Canal, 1748 Many, many people believe real estate is the key to wealth creation. While I agree that a leveraged investment in a (generally) stable asset is one way to gain wealth, I must warn you: landlording ain’t easy! You can do everything right and still […]
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Is $1 Million Still F.U. Money?
Painting: The Tribute Money by Masaccio (1401–1428) Ask someone how much they’d need to quit their job and follow their dreams. For most people the magic number to walk away from it all is $1 million. That’s their F.U. (f@ck you) money.* *F.U. money is the money you’d need to have saved to say “F.U.” […]
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8 Essentials for More Productive Meetings
Meetings suck. Even though they may not show it, your colleagues (and even your boss) also think meetings suck. Few will admit it because most of your colleagues are playing the BS corporate game. But you’re not alone. You know who else thought meetings were great time wasters? Donald Rumsfeld, former Secretary of Defense under […]
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What Should My Kid Study?
Most people want their kids to succeed. But how? Of course, there’s the generic ‘work hard’, ‘study hard’ advice. But work hard at what? I recently started attending open houses for high schools with one of my children. What stood out for me was how soon my child will need to make choices that will […]
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The S&P 500: Biased and Misleading
I am a big fan of low cost index investing. So why am I shitting on the S&P 500?
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Stephen A. Schwarzman: 25 Rules for Work and Life
Billionaire Stephen A. Schwarzman shares his lessons on ambition, scale, risk, opportunities and success.
DumbWealth 