[L]Earn Money!
In general, you should have four financial goals: 1st, earn as much as you can; 2nd, spend as little as you can; 3rd, save and invest as much as possible; and 4th, protect yourself against unexpected reversals or lawsuits.
Continue ReadingOnce every two years I send our [CEOs and Managers] a letter. The only thing I tell them is this, and this is number one every time and this doesn’t change, it won’t change two years from now or four years from now or six years:
Continue ReadingThe only way that you’re going to achieve financial freedom is with a long time perspective, saving and investing your money month after month, year after year, until you have enough that you would never have to worry about money again.
Continue ReadingI would love to get rich overnight but it’s just not how it works. That’s why these get rich quick schemes you just couldn’t trust them ever.
Continue ReadingMy general thoughts on teaching kids about money is you got to lead by example; rather than drill it into them.
Continue ReadingEven if you’re a teenager who don’t have a lot of money, you’re like a time millionaire, you don’t have a lot of cash but you have so much time in front of you and when you realize that time is the part of the finance equation that makes all the difference.
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I think that’s why he has been successful is because he is willing to learn. He’s is just a learning machine. He’s just trying to learn how the world works and updating his views.
Continue ReadingI never sell and I do what is called dollar cost averaging [where] I invest the same amount of money every single month come hell or high water; every month from the first of the month; the same dollar amount over and over again.
Continue ReadingI am not saying that [day trading] is wrong but it’s a speculation that a stock price might rise versus I’am investing in a business whose profits are going to be paid out to me as dividends over the next 10 or 20 years.
Continue ReadingThat’s why a lot of the pitches that are online promote this degree of certainty could be really dangerous and that’s a big red flag.
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