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Category: causes of prosperity

Financial Mistakes to Avoid At All Costs

Financial Mistakes to Avoid At All Costs

Let’s look at over ten common financial mistakes individuals make that wreck them on rocky shores immediately or after years of neglect. Failure to insure life, health, and property.  Keep in mind one can insure a stock or even a stock index with an option called a “long put.” Failure to have an injury/ailment/illness treated in a timely fashion. Concentrating too much on too few (highly) speculative stocks or funds. Over-diversifying waters down your returns. People “diversify” into securities they…

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Common Sense and Objectivism: Power Through Obstacles

Common Sense and Objectivism: Power Through Obstacles

What do you tell yourself before you face a day or a year of battling the agents of dystopia and apathy? These excerpts are a good starting point. Excerpt from Common Sense, written in 1776 by Thomas Paine I do not choose to be a common man. It is my right to be uncommon … if I can. I seek opportunity … not security. I do not wish to be a kept citizen, Humbled and dulled by having the State…

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Anti-Fragility and Machiavellianism Part 3

Anti-Fragility and Machiavellianism Part 3

What are a few things that make a business or a country strong?  What separates a Zimbabwe, or a South Africa from a United States or a Chile or a Switzerland? The rule of law tops my list.  The U.S. has a Constitution and a Bill of Rights.  When The Constitution is thrown out, the U.S. will turn into a dystopia, just like the America described in Atlas Shrugged.  There are very rich and very poor people operating in the…

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Crisis Investing: The Captain Speaks: Don’t Wait For the SHTF

Crisis Investing: The Captain Speaks: Don’t Wait For the SHTF

The Captain Feels, as I do that an economic crisis is not imminent. But listen to his view on not waiting for crisis or SHTF to prepare. For more on actual trading during a crisis see: http://mastermind-university.com/crisis-investing/ Yesterday, The Captain consulted with a guy concerned about a black swan event.  This is a good video. A related quote: “If your enemies have devotion, passion, piety, and a vision. And all you have is apathy, nihilism, and materialism. You cannot win….

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Why Aren’t Financial Skills Taught in School? Do You Really Want Schools Teaching Financial Literacy?

Why Aren’t Financial Skills Taught in School? Do You Really Want Schools Teaching Financial Literacy?

When parents, especially Libertarian, Conservative, and self-employed parents say they want financial skills to be taught in public school, my question is how bad can the public schools screw it up? If raising the minimum wage, cronyism, and “free” services are touted as capitalism or free markets, what can we expect public schools to say about IRA confiscation and punishing “hoarders” (gold bugs). Lets look at a few reasons why financial education isn’t taught in most public schools: 1) Outcomes…

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How to Become a Billionaire Part 3: Considerations for Becoming a Billionaire

How to Become a Billionaire Part 3: Considerations for Becoming a Billionaire

So you’re starting out or starting over. Just work and come home from work and “mind your own business,” as one guru says. If wages go up, then, rents go up. If a new fangled business pays people $20/hr to basically do nothing, they’ll run out of money. Who would pay a company more when they can get a lower price for nothing. If your wages do go up break Parkinson’s Law by saving and/or investing a large percentage of…

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What to Do If You’re a Late Start Retirement Investor – Part 2

What to Do If You’re a Late Start Retirement Investor – Part 2

Financial companies want your assets under their management. They might choose to tell you what you want to hear to get a fee for managing your assets. TV and online marketers want eyeballs. What would make a person think a talking head is/was interested in their viewer’s success? They might shake you out of good stocks and funds to buy physical gold or a foreign natural resources fund. If I did the homework on my investments, I tend to hold…

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A List of Excellent Achievement and Mindset Quotes

A List of Excellent Achievement and Mindset Quotes

(I posted these quotes in my MasterMind in 2008-2009. Enjoy.) “Start by doing what’s necessary; then doing what’s possible; then you’re doing the impossible.” — St Francis of Assisi “To succeed, it is necessary to accept the world as it is — and rise above it.” — Michael Korda “The greater the obstacle, the more glory in overcoming it.” — Moliere “Successful people are always looking for opportunities to help others. Unsuccessful people are always asking, ‘What’s in it for…

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