economics
The Price is on the Can Though
The truest sign of inflation in bodegas everywhere 202301071255 we are living in george orwell’s 1984 (View Tweet)
Latest
psychology
Update on if People Are Good or Not
…person, but he reached out and said that it had always weighed on him, his latest business was doing well, and he wanted to pay me back. I found this moving after all this time, and I get to push a nice positive update into my personal “model of how
obsidian
The Importance of a Good Capture System
???? Why did i think i would remember what this meant (View Tweet) This is why having good capture systems is critical. Don't underestimate the Doorway Effect,and don't trust that ideas will lodge themselves in long term memory just because you've consciously willed it/
gaming
Everyone is Here
choose your fighter (View Tweet) EVERYONE IS HERE!
history
Technology is Not a Foregone Conclusion
Tech that provides obvious utility must first kill its hardest opponent: the status quo. Ridicule, skepticism, and apathy all take turns attempting to tear apart an idea and leave it in tatters. ^c8707a Some unfortunate byproducts: * when inventions do succeed it makes tech visionaries seems cooler than they are as
finance
Retirement Home Money
Wealth is a person’s ability to survive so many number of days forward—or, if I stopped working today, how long could I survive? (Location 1098) Money should age like a fine wine. The grain silo of old money is a anxiety cleanser. When I say mind your own
finance
Revenues and Expenses
So while I’m not yet rich, I am wealthy. I now have income generated from assets each month that fully cover my monthly expenses. If I want to increase my expenses, I first must increase my cash flow to maintain this level of wealth. (Location 1108) By using percentages
finance
Keep Expenses Low
My next goal would be to have the excess cash flow from my assets reinvested into the asset column. The more money that goes into my asset column, the more my asset column grows. The more my assets grow, the more my cash flow grows. And as long as I
entrepreneurship
Working for Everyone Else
The previous chapter presented diagrams illustrating that most people work for everyone but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage. (Location 1143) After college, many educated young Americans finds themselves in need
finance
Financial Struggle is Working for Others Forever
Financial struggle is often the result of people working all their lives for someone else. (Location 1165) Struggle = month to month subsistence type living (202301110102, 202301130002), always on the financial back foot Because the incentive of any owner is to pay the lowest amount possible for an employee, the employee
finance
Acquire Assets You Love
As a young boy, my educated dad encouraged me to find a safe job. But my rich dad encouraged me to begin acquiring assets that I loved. “If you don’t love it, you won’t take care of it.” I collect real estate simply because I love buildings and
history
All Companies Fail, But Some Have Better Reach
I don’t encourage anyone to start a company unless they really want to. Knowing what I know about running a company, I wouldn’t wish that task on anyone. There are times when people can’t find employment and starting a company seems like the best solution. But the