When I was younger, I worked at a consultancy with a friend who was a little older and wiser than me. One day he got to talking about his “number” – what it would take for him to be able to walk away from work and retire. This gentleman’s number, at the time (circa 1995), […]
Your Number Is Not a Moving Target Read More »
Debt is the ultimate anti-asset. It’s kryptonite to any early retirement dreams you might have, and applied in large enough doses, it can keep you from ever escaping a paycheck to paycheck, income-based life. Everyone knows that debt is dreadful, but fully understanding how truly bad it is a 3 step process. 1. Debt is
Financial Lessons from the World’s Most Ubiquitous Combat Rifle When the AK-47 was released, it earned the contempt of Western armies. It continues to earn the contempt of many gun enthusiasts today. It is cheaply made. It has, at best, average accuracy. It is an incredibly old design (the “47” refers to 1947, its first
In Praise of the AK-47 Read More »
Late last month, we lost one of my most admired entrepreneurs. Felix Dennis, a billionaire publisher and ex-crack addict, passed at the age of 67. Felix Dennis was best known to me for his excellent book, How to Get Rich. Contrary to the suspicious sounding title, which seemed to hint at get-rich-quick schemes and a
Felix Dennis, R.I.P. Read More »