“When your army has crossed the border, you should burn your boats and bridges, in order to make it clear to everybody that you have no hankering after home.” – Sun Tzu, The Art of War The expression “Burn the Boats” has been attributed to many great military leaders in history: Ṭāriq ibn Ziyād of […]
Burning the Boats and Betting on Yourself Read More »
“Save your money!” This has been the personal finance mantra that you’ve probably heard most of your life. You heard it from your parents, relatives and teachers when you were young. There’s only one problem: It no longer works. Money is Losing its Value. And if you’re not from the US, it’s likely that your
How “Save Your Money” Became “Invest Your Money” Read More »
Here’s a fact of life: You have more freedom today than all of your ancestors combined. Extreme poverty is just one data point… If your great, great grandparents were alive to see today’s world, they wouldn’t believe their eyes. The internet and AI have the power to create an entire generation of millionaires. However, this
The Cost of Freedom in the Exponential Age – The War of Art Read More »
Do you use Cathedral Thinking? If not, you should. Cathedral thinking is a concept born from the medieval times about thinking in the time-span of multiple generations. Cathedrals and other ancient works of architecture often took decades, sometimes centuries, to build. It’s a sign of a society with a healthy relationship with long-term planning, patience,
#017: What is Cathedral Thinking and How to Use it to Grow Wealth Read More »
A solopreneur is a combination of the words ‘solo’ and ‘entrepreneur’. Popularized by Justin Welsh, the concept is attractive for many reasons: less stress dealing with employees, more autonomy over your work, and the promise of ultimate freedom over one’s time and money. In other words, a solopreneur is a 1-person business. Before we get
#016: How to Become a Solopreneur Read More »
August 21, 2023: Panama Canal traffic jam could stoke inflation concerns. There is currently a huge backlog of 200+ ships waiting to cross the Panama Canal due to drought – ships that are carrying millions of dollars of goods. The Panama Canal is a critical trade route that allows ships to pass between the Atlantic
Panama Canal Traffic Jam Could Revive Inflation Read More »
You may have heard of the FIRE movement, which stands for Financial Independence, Retire Early. But have you heard of FatFIRE? Read on for your ultimate guide to achieving fatFIRE. If you are intrigued by the idea of retiring early than age 65, but you don’t want to limit your lifestyle and spending to achieve
#015: What is FatFIRE and How Much to FatFIRE Read More »
On August 1st 2023, ratings agency Fitch Ratings downgraded US debt from AAA (the highest rating) to AA+ (the second highest rating). Fitch cites the “expected fiscal deterioration over the next three years” and “a high and growing general government debt burden”. The very next day, the US treasury of the US govt increased it’s
#014: US Debt Downgraded from AAA to AA+ Read More »
Living in New York, London, or Tokyo is what dreams are made of. Many people see this is as one of their biggest life goals – a sign that they’ve “made it”. However, these are examples of “Very High Cost of Living” (VHCOL) cities. And while living in a VHCOL city can be rewarding, it
#013: Personal Finance Tips for Living in a VHCOL City Read More »
Legendary investor and Co-Founder of Oaktree Capital, Howard Marks, puts out memos on his website on a regular basis. Many investors, including Warren Buffett, have very high praise for these memos: “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something.” – Warren
#012: Taking the Temperature – Breaking Down Howard Marks’ Memo Read More »
