I have invested with Lending Club for four years. My returns have been decent. About 8 percent in mid-grade quality loans. (For those unfamiliar with Lending Club, the company serves as a platform allowing investors to make unsecured consumer finance loans to individuals.) However, I have decided to liquidate my accounts — one a regular taxable […]
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Here is a great quote from about going your own way and doing things differently on the route to financial independence.”You can’t worry about deviating from social norms, because the norm is to be two paychecks from broke.” ~ MJ Demarco So true! Try to buy social status, and you’ll end up broke….
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I’ve been reading books and blogs about personal finance for years. The advice and perspective runs the gamut. Some are extreme savers. Some are real estate gurus. And some just want to travel. But there is one thing all people who hit financial independence early in life have in common.They Have An Intense Focus On Value What […]
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As close readers of Mighty Investor know, I don’t believe in “retirement.” My mantra is financial independence yes, early retirement no! Why? Because people who think of themselves as “retired” often slide into a zombie-like mode of shuffling along. Quasi-aimless. It ain’t good. That said, post-job my lifestyle is chill enough and autonomous enough that I do […]
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I’ll never forget that night. I was in Miami for a trade conference. My buddy John was posted to our embassy in Port-au-Prince, Haiti. I was posted to Kingston, Jamaica. And here we were, enjoying a welcome respite back in the United States after many months advancing U.S. interests in the Caribbean ;). John suggested we […]
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“You don’t want to pursue money. You want to deserve money.” ~ Origin uncertain The idea here is that you have such valuable skills or create such value through business and entrepreneurship that money inevitably flows to you. Think about it. Are you chasing money, or are you building skills that the world deeply values….?
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“Facebook Is Amazing,” the whole world in 2013. “Facebook Is The Devil,” the whole world in early April 2018. “Facebook Makes Money Hand Over Fist,” the whole world in late April 2018. One of the recurring themes of Mighty Investor is that manias drive markets and groupthink runs riot in the media. The treatment of Facebook by the media […]
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There are a lot of reasons to start a blog. You might start a blog: –As a side hustle to generate additional income. –As a public forum that helps you clarify your thoughts. –As a means to connect with like-minded people. –To learn how the internet works, how Google works, and the basics of digital marketing.Take The Credit Card […]
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Ambassador X walked into my office, and she wasn’t smiling.”F$##$k,” I thought. It’s not normal for an ambassador to come to your office. You’re supposed to visit her. “Ambassador, how can I help you?” I asked.She sat down. Clearly in a sour mood. “F#$%#$,” I thought again.”I want to tell you something,” she said, looking at […]
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Do you remember the great composer Antonio Vivaldi?He was epic. He wrote The Four Seasons, a masterwork you hear all the time. It never gets old. In fact, you might want to fire up that song while you read the rest of this post. Here you go: Vivaldi Died A Pauper – Despite His Gifts To […]
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