Strategic Thinking Vs. Hard Work

Strategic Thinking vs. Hard Work

Have you ever worked construction at the entry level?  I spent part of a summer working for a general contractor, getting paid $8 per hour to pour concrete, hammer nails, and do whatever else they needed.  That was hard work.  I don’t regret my time working in construction, and the main reason is that it […]

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Slightly Used = Millionaire….

Why, if you have credit card debt, would you buy a new pair of skis and bindings for over $1000 if you can buy demo skis (that have been used about five times) for $400? If you don’t have at least $1 million in assets, why would you spend $50,000 on a new truck when you […]

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Will Small Luxuries Make You Rich?

Small Luxuries For The Win

Here’s a counterintuitive approach to achieving financial independence.  Indulge small luxuries. What do I mean by that?  It’s simple.  We all have the impulse to splurge sometimes–to buy something nice.  To enjoy luxury. Rather than attempting to suppress that instinct completely, it is far better to indulge the urge on smaller, more affordable items rather than something […]

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The Frugal One

It was the heart of winter in Riga, Latvia.  Dark.  Dark when you got to work, dark when you went home.  On those few occasions when the sun did peak out from cloudy skies, the light at 57 degrees north was wan and slanting. And in walked The Frugal One. The Frugal One had come to work […]

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Where Do You Put Your Sweat Equity?

Not long ago, I wrote about the importance of finding leverage on your path to wealth–leverage through scale, leverage through attention, leverage through investments, even leverage through elite institutions. I want to clarify something about leverage, however.    Consider this.  What if you tried to be Katy Perry, Warren Buffet, Tom Brady, and a real estate tycoon all […]

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