How to Become Wealthy
Nine Truths That Can Set You on the Path to Financial Freedom #1: Change the Way You Think About Money The general population has a love / hate relationship with wealth. They resent those who have it, but spend their entire lives attempting to get it for themselves. The reason a vast majority of people [...]
Getting Rich by Investing in an Excellent Business
At the annual meeting in 1996, Warren Buffett and Charlie Munger commented that, “If you find three wonderful businesses in your life, you’ll get very rich.” At the meeting one year later, he said, “The single biggest recurring mistake I’ve made has been my reluctance to pay up for outstanding businesses.” As a new investor, [...]
What’s The Easiest Way to Track My Investments?
Comments OffFor years, my favorite way to track investments was Microsoft Money Premium, which let you monitor everything from your bank accounts to your 401(k). Microsoft announced in 2009, however, that it was discontinuing the product because they didn’t see a market for it anymore because hundreds of brokerage firms and banks are offering free tracking [...]
Working Capital
The number one reason most people look at a balance sheet is to find out a company’s working capital (or “current”) position. It reveals more about the financial condition of a business than almost any other calculation. It tells you what would be left if a company raised all of its short term resources, and [...]
5 Keys to Surviving a Terrifying Market
Comments Off1. Never Borrow Money to Invest One of the greatest economists in history once remarked, “Markets can remain irrational longer than you can remain solvent.” Take the recent case of the most royal of blue chips, General Electric and Berkshire Hathaway. Within the past year, GE has fallen from roughly $40 per share to as [...]
