You can get rich riding the trailing edge of technology. This means just buy slightly used or slightly older models of cell phones. Here’s an example. I’ve decided to upgrade my cell phone. I’m doing this because I want a higher quality camera for making videos for MightyInvestor.com. I’ve done my research, and I’m going to […]
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Did you know you can share your Amazon Prime subscription benefits with family members and another adult? My parents, sister, and I have been sharing for years. We keep the prime membership in my name, but rotate who pays each year. Same exact benefit, one third the cost. (Please note that the terms of service […]
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If you are going to focus intensely on investing and building wealth, something will tempt you as too good to be true. If you are young, I hope you try it, and I hope you lose some money. It will teach you a harsh lesson early in life. Getting rich quick almost never works. It’s […]
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If you are going to buy stocks, you are at some point going to become infatuated with dividends. It’s part of the process. But here’s a tip. Don’t chase yield. If interest rates are at two percent, and the overall market is yielding, two percent, there is a reason why a specific stock is yielding 5% […]
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I’ve written before about the value of institutions, how they impact your life and very sense of self, and why you should think hard about which institutions you associate with. Now. I want to make sure you are aiming high enough. No matter who you are, if you are going to work for someone else or […]
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I have learned some hard lessons in life. One is the value of institutions. For much of my adult life, I always had one foot out the door of whatever institution I was affiliated with. In college, I enjoyed being there, but wished I was more challenged. I also found the politics on campus infantile. […]
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Think hard about the institution you will join. What will you learn? Whom you will interact with? The institution’s values and behavior will likely rub off. Do you like and admire the people who work there? Do you want to be like them?
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For me, stocks are the perfect investment. Here’s why: Over time (20 years or more), stocks as an asset class have almost always performed better than any other investments. (This is for investments in the developed, western countries). Stocks pay dividends. I like the cash in hand. Dividends receive favorable tax treatment over earned income. […]
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If you are more than ten years away from retirement and are earning money and investing, you should pray for a bear market. A massive one.Bear Markets Are When Companies (And Their Earnings) Go On SaleWhy would you want the market in a buoyant mood where every share you buy is expensive (relative to the […]
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A Mighty Investor is not just someone who owns stocks, index funds, or other financial assets. Yes, we love investing in financial assets and building a giant financial buffer. But a Mighty Investor is much more than that. Don’t have any money? Here’s where to start investing. How’s your health? Invest in it. Seriously. Go […]
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