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“Dreams Become Reality One Choice at a Time”– A Lesson on Life, Business, and...

“Dreams Become Reality One Choice at a Time” – A Lesson on Life, Business, and Money Isn’t that a fantastic quote?  I got it from Tara Beth Workman a few days ago and I’ve been thinking about it since....

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Five Business Lessons I Learned from My Mom, Tammy Kennon, and Her Company,...

Five Business Lessons I Learned from My Mom, Tammy Kennon, and Her Company, Chenille Appeal This is my mom.  You’ve probably read about her but never seen a picture.  She’s the same one that would slip...

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How to Solve the Trade Deficit – A Five-Part Essay on the American Trade...

How to Solve the Trade Deficit – A Five-Part Essay on the American Trade Imbalance When American citizens buy more foreign goods (import) than we sell to foreigners (exports), we have to transfer part...

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How We Used Shares of Coca-Cola to Teach My Youngest Sister About Investing...

How We Used Shares of Coca-Cola to Teach My Youngest Sister About Investing (and Why the Cycle of Consumption and Financial Stress Starts as a Teenager for Most Americans) When I was a senior in high...

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The Price of Happiness? Science Confirms It Is $75,000 Per Year

The Price of Happiness? Science Confirms It Is $75,000 Per Year In a major peer-reviewed study from Daniel Kahneman and Angus Deaton from the Center for Health and Well-being at Princeton University,...

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Why the Chinese Economy Is Destined to Be Bigger than the Economy of the...

Why the Chinese Economy Is Destined to Be Bigger than the Economy of the United States In Surprising Facts About America’s Population, I pointed out that the top 25% of people in China – the gifted...

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The Secret to Understanding What Money Is: Exchange Your Best Efforts for the...

The Secret to Understanding What Money Is: Exchange Your Best Efforts for the Best Efforts of Others I’m thinking about a line in Atlas Shrugged by Ayn Rand that talks about money being the...

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The Average School Teacher Is Paid More than Tom Cruise – A Basic Lesson in...

The Average School Teacher Is Paid More than Tom Cruise – A Basic Lesson in Economics I’m going to prove that the average school teacher earns more money than Tom Cruise.  No, seriously. In my article...

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Letter To a Young College Student – 10 Things I Wish I Had Known When I Was...

Letter To a Young College Student – 10 Things I Wish I Had Known When I Was Younger Three weeks ago, Dylan sent me a message and asked the following (see below).  This is my response. I’ve been meaning...

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Thoughts About Starting a Mutual Fund

Thoughts About Starting a Mutual Fund One of the things I told you all I was considering when I turned 30 was launching a mutual fund or hedge fund because people are always asking me to manage money...

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Finding a List of Stocks for Your Portfolio

Finding a List of Stocks for Your Portfolio Putting Together a List of Stocks for Further Investment Research One of the most common questions I receive is, “how do you come up with a list of stocks...

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How to Measure Your Wealth

How to Measure Your Wealth Specifically, today, you might hear someone say, “He has a net worth of £5,000,000.”. This tells you how much should be left if the person in question sold all of his assets,...

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Creating and Using Synthetic Equity to Make Money

Creating and Using Synthetic Equity to Make Money Several of you asked how it was possible for us to earn between $80,000 and $100,000 a year during college despite not having full-time jobs and being...

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How We Used Shares of Coca-Cola to Teach My Youngest Sister About Investing...

When I was a senior in high school, I bought my youngest sister a single share of Coca-Cola common stock for her 6th birthday. It's been a teaching mechanism throughout her life; one that is far more...

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The Price of Happiness? Science Confirms It Is $75,000 Per Year

In a major peer-reviewed study from Daniel Kahneman and Angus Deaton from the Center for Health and Well-being at Princeton University, the great debate of psychology – can money buy happiness? – has...

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Why the Chinese Economy Is Destined to Be Bigger than the Economy of the...

In Surprising Facts About America’s Population, I pointed out that the top 25% of people in China – the gifted students who out-test 3 out of 4 of their classmates – exceeds the entire population of...

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The Average School Teacher Is Paid More than Tom Cruise – A Basic Lesson in...

I’m going to prove that the average school teacher earns more money than Tom Cruise.  No, seriously. In my article Exchange Your Best Efforts for the Best Efforts of Others, I was discussing the idea...

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Letter To a Young College Student – 10 Things I Wish I Had Known When I Was...

Three weeks ago, Dylan sent me a message and asked the following (see below).  This is my response. I’ve been meaning for a long time to ask what you specifically think someone in my position- a young...

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