The Most Effective Money Advice You’ll Ever Get

The age-old and the most effective money advice you can ever take is: KEEP TO YOURSELF 20% OF ALL YOU EARN In other words, save 20% of...

A Definitive Guide to Getting Out of Debt

This article was originally sent in as a newsletter. Don't forget to sign up! Ah, debt. The modern-day slave chains. Well, I believe you already know...

The Way To Wealth by Benjamin Franklin

The Way to Wealth is an essay written in 1758 by Benjamin Franklin. I've read and reread this essay multiple times, and I've always found...

How to Start a Side Business (LMM Podcast #1)

This one is going to be a podcast. This was my first time using the (rather low quality) mic equipment so there were some...

Why You Should Start An Online Business

If you want to get rich, you have to start a business. A job will never make you rich, and even the best jobs leave...

Make a Personal Budget

It surprises me that so many people do not know what their expenses are - it's almost insane. If you do not know how much...
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Q&A #2 (Part 1): Investing, Finances, Skill Sets, Purpose, Networking (LMM...

This is the first part of the second Q&A session we've had! You can find Q&A #1 here. In this part of Q&A #2, I've taken...

Long Term Investing: Building an Equity Portfolio

Here are some simple heuristics to follow when investing the equities portion of your portfolio: 1. Not more than 5% in one stock and no...

Regret is a Wasted Emotion

There's a concept in economics called sunk cost. From Wikipedia: "In economics and business decision-making, a sunk cost is a cost that has already been incurred...

Types of Income Streams: A Broad Overview

No matter how poor a person is, nobody likes the idea of selling time for money. Still, most people's only source of income is...

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