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How to catch a monkey …
I’m always amazed by people who think that they can make ‘quick bucks’ (or, its sister currency: ‘easy bucks’) just by fiddling with paper … … if trading stocks, options, FOREX, or commodities is...
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The New-Age Lemonade Stand …
People think my son is following in his father’s footsteps … … but, I didn’t even think about beginning my entrepreneurial journey until I was 26 (and, didn’t actually start until I turned 30). My son,...
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Speculating on stocks; how much is OK?
As I mentioned in my last post, my 19 y.o. son’s online business is doing quite well … … well enough for him to start thinking about investing in stocks. Or, real-estate. But, right now, he’s thinking...
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How lucky are you?
My son and I had a great time in Washington (where he was competing in a student entrepreneurship competition); the life of an entrepreneur can often be a lonely one, so it was good for my son to meet...
View ArticleDebt free or financially free?
A recently-graduated student asks: What would be a better investment than paying off $30K of subsidized low-interest student loans? Money available: 30k Interest on subsidized student loans: 3-4%...
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Advice for a new multimillionaire …
I realized that I’ve been talking a lot on this post how to become a multimillionaire, but I haven’t talked a lot about what to do when you get there! Let me rectify that right now: for my first...
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I am 21 and clueless …
This is quite typical of the types of questions that I receive from time to time: I’m 21, and am clueless about finance. I want to start up a business at my mid 20s. Should I opt for endowment plans or...
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What are the most important lessons to learn about personal finance?
Everybody has an opinion about the most important financial lessons that you can learn about personal finance. Just look at how many personal finance blogs there are [Hint: over 7,000 are listed] …...
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The One Sign You Will Be Rich?
Looking back on my last 14 or so years, I can tell you that this really is the one sign that you will be rich (according to a guy who runs a successful startup): Have you thought about what foreshadows...
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What is the quickest way to pay off debt?
The common answer is to arrange the debt that you owe either by size (popularised by Dave Ramsey as the Debt Snowball) or by interest rate (see Debt Avalanche Definition | Investopedia). But, both of...
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