As a full-time investor, there are two publications that I can’t live without, The Wall Street Journal and The Financial Times. The thing is, these papers are expensive. I’ve tried to give each up at various points, but simply can’t. It’s like functioning without oxygen as an investor to not have access to the information […]
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The Mighty Investor Uber-post on money, investing, and career. One Post To Rule Them All.Get FrugalFrugality is a key plank to building wealth and a life where you have more control over your how you spend your days. You’re not cheap, just smart. However, be careful not to slip into a mindset of extreme scarcity. […]
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If you want to achieve financial independence quickly, you have to be extraordinary. That doesn’t mean you have to be the Katy Perry of music, the Michael Jordan of sports, or the Warren Buffet of investing. Indeed, many people of exceptional talent who earn millions still end up broke. They lack the three key skills.When […]
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I got a letter this week that kind of got on my nerves. My car insurance rates were going up by $200 per year with USAA. This on the heels of those same rates going up another $140 last year. So, in 18 months, my insurance had gone from up $340 per year. I hadn’t […]
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In an earlier post I wrote against the scrooge mentality. I stand by those words. We need to focus on earning and creating and engaging and producing. However, today we are going to take a different tack. Today we are going to talk about the lost art of frugality. In fact, we might as well say […]
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If I had to reduce the key books to two books instead of five, I’d pick A Random Walk Down Wall Street and today’s book, Your Money Or Your Life, by Joe Dominguez and Vicki Robin. Like A Random Walk Down Wall Street, YMOYL is not an easy book to summarize. It’s packed with different perspectives […]
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I’ve written here and here about how people spend money to try to project (purchase) social status. The urge to signify success and attractiveness is quite human and normal, in my opinion. Yes, people can blow it way out of proportion and become obsessed with their Instagram accounts–modern day incarnations of Narcissus, mesmerized and trapped by […]
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Financial Freedom. Ahhhhh. It beckons like an oasis on the horizon. But let me tell you what financial freedom doesn’t automatically provide: Context. If you are just living off of investment income, you aren’t necessarily part of something larger, a context or theme for your life. Tribe. Related to the first point, if you are […]
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So this one is pretty darn simple. Unless you are quite wealthy–as in into the seven figures of liquid net worth–buy a used car. This has to be one of the simplest and smartest ways to massively jumpstart and accelerate your financial future. Even if you are a car person, I suggest you still buy a used […]
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Have you ever noticed how some of the most financially successful people in America say, “do what you love?” Well, keep in mind that “what they love” happens to be insanely lucrative. It’s not the same thing to love value investing as opposed to love mastering the xylophone (lovely though that instrument may or may […]
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