With admiration, I take a moment to watch my eldest son write imaginary stories about competing in soccer against the world’s best. Stats and elaborate storylines included, he spends hours at his desk crafting these narratives. His reward? Nothing other than personal enjoyment and pride in creating the soccer tales. Working like an artisan (being…
You’re driving in your car, family in tow, heading straight toward the edge of a cliff… what would you do? Course correct, obviously. You want to live, after all. So you hit the brakes and turn away from the cliff. Drive in a different direction. Your life, and your family’s future, are saved. The Demographic…
If you want to read fascinating history about random countries, just Google “countries that produce gold.” From there, pick any nation on the list that populates and start reading material about the historical control of its gold mines… I can almost guarantee the country’s history will involve war(s), espionage, invasion, theft, betrayal, or murder —…
It’s been a while since entrepreneurs have HAD to be resourceful. We just wrapped up a decade-long bull market, the longest in human history, and capital was cheap and relatively easy to come by if your company showed promise. Times have changed, though. Entrepreneurs are now forced to make more with less. Elon Musk laid…
We tend to oppose our parents during adolescence and young adulthood. For whatever reason, maybe it’s defiance, we have a distaste for their choice of music, fashion, and sometimes vocation, and we significantly differ in social habits. The contradictory preferences younger generations have relative to the group one or two generations above them (their parents)…
Building a successful business should not be overly complex. Hard work? Yes. Complex? Not if founders are focused on what matters. Suppose founders remain focused on the reputation they want to have with their customers (i.e. trustworthy, ultra high-end, caring, efficient, intelligent, funny, etc.) and execute exclusively based on that vision. In that case, the…
A landlord pursues passive income while patiently waiting for the underlying asset (condo, townhouse, detached home) to appreciate. That’s the model. Pretty simple. You want to get paid to wait and not allow asset ownership to consume much of your time. The more time the investment property consumes, the less passive it is, and the…
Over the last thirteen years, since the Great Recession, the economy has been rigged. Yes, rigged. To spur the economy back into a growth phase after 2008’s near depression, the Federal Reserve created a loose monetary policy that made money very cheap (near-zero interest rates and the central bank bought assets, otherwise known as quantitative…
For the most part, I avoid watching TV. Sitting down to watch a show often gives me anxiety, likely because I know there are numerous better things to do with my time. Having said that, one show I’ve been able to watch guilt-free is Netflix’s ‘Formula 1: Drive to Survive’. It’s an inspiring series full…