Inflation is a monetary phenomenon that causes money to lose purchasing power over time. Here are all Wealth Potion articles about inflation.
Understanding How the Financial System Affects Your Job If you work(ed) in B2B Tech, you no doubt have seen / heard / experienced the layoffs of the past few years. If you were laid off, I’m here to tell you that it wasn’t your fault. Of course, it’s healthy to take some level of accountability […]
Tech Layoffs Weren’t Your Fault Read More »
The Trap That Prevents You From Building Wealth “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki, ‘Rich Dad, Poor Dad’ Let’s assume you work a full-time job. That’s 40 hours a week (not
Making Money vs. Keeping Money Read More »
A few weeks ago, we discussed the historical expression of “Burning the Boats”. Time for another lesson from Ancient History. The term “Crossing the Rubicon” originates from ancient Rome. Julius Caesar led his army across the Rubicon River in 49 BCE, violating Roman law and sparking a civil war. “Crossing the Rubicon” has now become
Crossing the Rubicon: The US Dollar and the World Reserve Currency 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 »
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 »
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 »
