Last week, we simplified the concept of inflation using Inflation Island, an imaginary two-person economy. To recap, inflation is what happens when too much money chases too few goods. Whether we are measuring inflation in a 2-person island, or in the global modern economy, the mechanism remains the same. Now, let’s examine the economy between […]
#011: What Caused Inflation from 2020 to 2023? Read More »
A top post on Reddit captures how confused most people are about inflation. The opinion of this reddit user, is the same opinion as most mainstream economists and the corporate media today – that inflation is a requirement for the modern economy to function. The reddit user writes: “[The opposite of inflation] is deflation, which
#010: What is Inflation and What Causes It? Read More »
You’ve lost your job.Your mortgage payments have doubled.You or one of your loved ones needs emergency medical care. Maybe none of these things have actually happened to you. But with enough time, one of them will. And the way you protect yourself from these negative events, is by calculating and maintaining an emergency fund. What
#009: The 3 Levels of Emergency Funds – and How to Calculate Them Read More »
Many people believe they want to be well-known. They say they want to be rich and famous. They seek status. Today, we’re breaking down why it is better to be ‘known well’ than to be ‘well known’, and how this aligns with the philosophies of Naval Ravikant, David Perell, and Warren Buffett. This is inspired
#008: Become Known Well, Not Well Known Read More »
Universities are dying. And that’s a good thing.Because of what is going to replace them. – The education system of the past relied on big, centralized institutions. This is the education system that our parents and our grandparents grew up with. Centralized institutions came with prestige, quality education, and access to like-minded people.But centralization comes
#007: Universities are Dying because of the Creator Economy Read More »
“Compound interest is the eighth wonder of the world. He who understands it, earns it … he who doesn’t … pays it.” According to some, this quote is from renowned physicist and genius, Albert Einstein.Whether he is the origin of the quote is irrelevant. Compounding is truly a magical force for wealth creation. And you
#006: Compounding – The 8th Wonder of the World Read More »
Grab a normal sized sheet of paper. 8.5 x 11, to be exact (or follow along in your imagination).Fold it in half.Now fold it in half again.Keep folding it in half until you can’t anymore.You should be able to fold it in half 7 times, before it’s no longer possible. Look at how thick it
#005: Exponential Growth vs. Linear Growth Read More »
Have you ever noticed that the things you buy cost more than they used to? That’s called inflation.Inflation is the rate at which prices for goods and services rise (Investopedia). It means that over time, the prices of things go up and you need more money to buy the same stuff.Or to put it another
#004: What is Inflation and How to Protect Yourself Read More »
Do you ever feel like no matter how much money you make, you’re always living paycheck to paycheck? If so, you might be experiencing lifestyle creep.It’s a dangerous situation because it can go unnoticed for a long period of time.But slowly… secretly… it’s destroying any hope of you achieving your long-term financial goals. What is
#003: What is Lifestyle Creep and 3 Tips on How to Fight Back Read More »
If you want to invest like the best, you need to think like the best.One of the best ways to do this is to learn about their “Mental Models”.In other words, learn about how they perceive and understand the world. By understanding their thought process, you will develop a greater appreciation to how they make
#002: Mental Models and How to Use Them Read More »
