70% of wealthy families lose their wealth by the second generation and 90% lose it by the third. This is the solution to generational wealth decay.
Category Archive: Personal Finance
Once you have enough money to cover your needs then money is just a game.
Here’s how my experiences with wealthy individuals altered my perspective and relationship with money.
Price is what you pay for a product or service. Total cost includes all expenses associated with the acquisition, storage, use, maintenance, and disposal of purchased products and services.
If you earned a salary of $2 million every week from the day Jesus was born until today, you would almost have as much money as Jeff Bezos.
Naval Ravikant talks about building wealth and why everyone can and should be rich.
As the saying goes, “a fool and his money are soon parted.”
Compound interest is so powerful that Albert Einstein is said to have called it “the most powerful force in the universe.”
To sum things up, bad debt is borrowing money to buy liabilities while good debt is borrowing money to buy assets. This knowledge is one of the key factors that separate affluent individuals and everyone else.
“My thing is related to who I am as a person,” he says. “The clothes are an extension of me. The music is an extension of me. All my businesses are part of the culture, so I have to stay true to whatever I’m feeling at the time, whatever direction I’m heading in. And hopefully, everyone follows.”
Economic Motivation 