- In the ancient Chinese military treatise “The Art of War”, the author Sun Tzu wrote: “Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win.” When you learn the basic principles of strategy and internalize them, you drastically increase your chances of success. The...
- I only have 3 funds in my main publicly-traded portfolio. One fund for stocks, one for bonds, and one for real estate. That’s it. This 3-fund portfolio is called the Basic Portfolio. It’s simple. It’s powerful. And it’s better than almost anything expensive financial planners and robo-advisors will tell you to do. The Goal of...
- There are drastically more ways to invest money than just stuffing it into publicly-traded stocks and bonds. There’s nothing wrong with stocks and bonds, of course, but there are simply other options that most people tend to forget or ignore. Oil wells, office buildings, mineral royalties, retail buildings, apartments, single-family homes, private debt funds, direct...
- T. Boone Pickens, the world famous oil and gas multi-billionaire investor and businessman, passed away on the 11th of September, 2019. Right before he died, he wrote down a message for his organization to release after his passing. In that note, he included the following 10 principles that were key to his success. These are...
- Almost everyone knows that the wealthy have figured out ways to minimize their taxes so that they can build massive amounts of wealth without paying taxes the same way someone with a job pays. This article will explain exactly how that works – and how you can replicate it in your own life, even if...
- I’m not a particularly frugal person. But I also don’t spend in bizarrely inefficient ways like most people do. Most of the people I know finance new vehicles, live in the biggest house they can “afford”, and seem to be in a different city every weekend on a little mini-vacation. It’d be one thing if...