moneyFYI
Financial Freedom Is Merely Organized Common Sense
Category: Learning
Seeing More and Better
Blind spots are a difficult problem to overcome because they are filled in by intuition and half-understood concepts. Thinking that you know enough is one of those blind spots. Some time ago I decided to test my ability to predict a simple market. The… Continue Reading “Seeing More and Better”
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The “Eminence” Business Model
Financial planning as we know it will die. Why? For the same reason the traditional role of doctor, lawyer, engineer, priest, minister, rabbi and imam will change Their value proposition relies on the “eminence model.” Consider the word eminence. It means 1) a position… Continue Reading “The “Eminence” Business Model”
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Losing Hurts
Winning is easy. You feel good. You get respect. It’s great. Losing, not so much. Life is about lessons. Sometimes winning is too easy and people learn the wrong lesson. We deserve success fails. Sometimes losing is internalized and again the wrong lesson problem… Continue Reading “Losing Hurts”
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You Cannot Fail
“Do or do not, there is no try.” – Yoda. “The Empire Strikes Back” Yoda has a point and another follows from that. You cannot fail. No matter the situation, competitive or not, personal or not, public or private, you cannot fail. Try new… Continue Reading “You Cannot Fail”
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How You Use Your Capital
Capital comes in many forms and they must connect with each other to be useful. Think of them like servers on a network. Think next about the network itself. Think last about what travels through the network to make the connection. Electrons or photons… Continue Reading “How You Use Your Capital”
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Capital Has Many Forms
Accumulating capital is a high priority goal for anyone who wants to be successful in life. The problem comes when you misunderstand the idea of capital. Young people can be confused when they see capital to be only money. Money is not the only… Continue Reading “Capital Has Many Forms”
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Wrong Can Be Right
Mistakes are not only your friend, they are your teacher, your guide, your guru. But only if you see them that way. Creating an environment that allows you to learn from mistakes should be a strategic goal. Investing is error prone. So is poker. … Continue Reading “Wrong Can Be Right”
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Are We Taught To Be Non-Creative?
George Land knows about creativity. He has studied it for almost 50 years. What did he learn? In his book, “Breaking Point and Beyond,” he states, “What we have concluded is that non-creative behavior is learned” Say what? I thought learning was supposed to… Continue Reading “Are We Taught To Be Non-Creative?”
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Live and Learn
We can all be sure that the future will unfold differently than we expect and hope. Sometimes not as well as we want, sometimes surprisingly better. The future is made up of many components. We notice change when something that we thought was one… Continue Reading “Live and Learn”
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How Do You Compare To Wealthy People?
The rich are like the rest of us except they have more money. There are other differences, but they are not ones we could each fail to develop. Larry Kim described “5 Surprising Habits of the World’s Wealthiest People” recently in INC Magazine. A… Continue Reading “How Do You Compare To Wealthy People?”
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