Sir Isaac Newton who is widely recognized as one of the most influential scientists of all time once invested the bulk of his money in a Ponzi scheme and lost all his investment. As critical-minded as Newton was, he couldn’t see the deception and impracticability of the money doubling scheme he was buying into. We […]
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How to Go From Salary Earner to Passive Income
Very early in my relationship with money, I learned a very important lesson – you will work for money all your life if you rely only on your one brain, two hands, and two legs. Your personal resources are too limited to meet your long term financial obligations. Most of us start our financial journey […]
How to Make a Lot of Money from a Small Business
In the past, running a small business was highly risky, even when it is momentarily profitable; because it’s only a matter of time before someone with a lot of money comes along, buys everyone over and swallows up the small fishes. It was the era of mass production, hits and bestsellers. If you couldn’t play […]
How to Turn Other People’s knowledge into Profitable Business
In a previous video, I shared how to turn your knowledge into a steady source of income. However, a common question people ask is “what if I don’t have something I am knowledgeable enough in?” Or ”what if there are not many people interested in what I want to share?” Well, the truth is that […]
I Deleted My Social Media Apps for 30 Days – This was what I Learned
I rarely used Instagram, but I felt I was spending an inordinate amount of time on Twitter. So 30 days ago, I deleted Twitter and Instagram apps on my phone. Twitter is like a market of madness. Everyone seems to sell their own version of madness; and if you were going to participate in this […]
Self Employed? This is Your Toughest & Most Important Task
According to a study of over 1,700 business owners, there are three major reasons successful people started a business. One is the freedom to pursue new opportunities; two is a following personal passion, and three is to gain independence. Money only ranked in the fourth position. In other words, freedom, meaning, and independence are the […]
If You Gained 10% from Investing Your Money, You Have Lost Money
Imagine you have the equivalent of $10,000 in a safe investment with guaranteed interest of 10 percent at the end of the year. You will be making the equivalent of $1,000 in 12 months. That’s easy money made. You are happy to have your money working for you. However, because you live in a country […]
Most People Run Away from This Asset but Rich People Embrace it
Imagine your bank is willing to pay you 12% on your savings account. With your meager $100 savings, you’ll be making $12 in one year. $12 profit isn’t something to be excited about. Then you discover, there is another bank across town that is willing to lend you $100,000 at 7% interest. In one year, […]
This Simple Fact will Change the way you think about Money
Chasing after money is one of the most common phrases we hear from adults. Everyone is hustling to secure the bag like its some treasure that is beyond the reach of mere mortals. In fact, the phrase, chasing after money can be easily found in almost every language on earth. There is a popular adage […]
One Thing that Will NOT Change in the Next 10 Year
Jeff Bezos, the richest man in the world said he frequently gets asked the question: “what’s going to change in the next 10 years?” However, he almost never gets asked the question: “what’s NOT going to change in the next 10 years?” All over the internet – including on this channel – there are videos […]