By Chris Brady “World View” is a term recently popularized by philosophers and media pundits who debate spiritual and political matters. It refers to the lens through which people see (and therefore interpret) the world around them. All information and observations must pass through this lens and be colored by one’s World View. Similarly, there [...]
By Kevin Mogavero My good friend Randy Watterson sent me this article, What’s Luck Got to do with it? by Jim Collins. In the article, Jim talks about the difference between a 1 or 2Xer (a person who meets or doubles the industry standard of success) and a 10Xer (a person who is able to [...]
By Garrett Gunderson “A myth is a fixed way of looking at the world which cannot be destroyed because, looked at through the myth, all evidence supports that myth.” —Edward de Bono If, as I claim in my book Killing Sacred Cows, much of what we’re taught about money is false, then why are these [...]
By Garrett Gunderson Most investors think they should invest their excess cash in the stock market, whether through individual stocks, mutual funds, IRAs, or other vehicles. However, this is almost always a mistake. For the most part they don’t know what they’re doing, they don’t understand what they’re investing in, they have little or no [...]
By Garrett Gunderson Hint: It’s not about your loan interest rates. You want to get out of debt so you can reduce your risk, increase your cash flow, and have greater peace of mind, right? Here’s the fastest and safest way to do it: 1. Roll Non-Deductible Loan Interest into Deductible Loans Assuming you have [...]
By Garrett Gunderson Your financial balance sheet measures the difference between your assets and liabilities to determine whether you’re in debt or if you have equity (net worth). Assets are things that either generate cash flow for you, or that could potentially create cash flow. Liabilities are things that incur expenses, such as a loan. [...]
By Garrett Gunderson With the turning of a new decade comes the review of what happened in the last 10 years and the hope of what the next 10 years might bring us. Because of my philosophy of investing in your greatest asset (which is YOU) at all times, I’m going to give you my [...]
By Garrett Gunderson We only make exchanges when we value what we’re receiving more than we value what we’re giving away. Economics is the science of the efficient allocation of resources. Through free exchange, all resources—material and otherwise—end up in the hands of those who value them the most, and those who value them the [...]
By Garrett Gunderson In any transaction there is price and there are terms. For example, the price of a home might be $300,000. If the sellers want cash at closing and will not consider negotiating on other terms, you must either come up with $300,000 cash or secure a mortgage to purchase the property. If [...]
By Garrett Gunderson You’ve heard of compound interest being “miraculous,” but what is it? Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. For example, suppose you owe someone $1,000, with an annual interest rate of 12 percent, for a [...]
