August 20th, 2015
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As I approach each weekend, I often think about the list of things I need to do as compared to how I could spend time with my family having fun. It is often a tough choice! I have work to do for my business endeavors that can lead to income and profits. I also have […]
As I have mentioned in a previous article, Adam Smith was the first person to really explain how free-markets lead to wealth creation (and improved standards of living). He is known as “The Father of Modern Economics,” because he was the first to describe how things actually work in everyday life (rather than just how […]
You all have gathered by now that these blogs are all related to my book: The Future of Your Wealth – How the World Is Changing and What You Need to do About It. In the book, I am certainly referring to the common concept of “wealth”: the abundance of valuable resources or valuable material […]
All things being equal, most people avoid risk. It is hardwired into our brains to get away from the things we are afraid off. Since the word “risk” implies the potential to lose something of positive value (like money, social status, health and wellbeing), it’s understandable that we naturally avoid risk whenever possible. Like all […]
We have all heard the phrase “Time is Money.” Intuitively, we all know that our time has value. If we spend our time working, we know we get paid a certain amount per hour of work, sales or production of units, etc. Exchanging our time for income is a familiar concept. However, time itself has […]