If you want to get things done and you want to be successful, rich, accomplished, or whatever it is you dream of, then you must take it upon yourself to get up and take action. I myself am guilty of talking and saying I will do this or I will do that, but I neverContinue reading “Taking Risks”
Author Archives: metachromaticpanda
Shorting Stocks
Nearly everyone knows the mantra of buy low and sell high. This is a great way to make money when asset prices are rising. Many mistakenly believe that this is the only way to make money. On the contrary, you will find there are countless ways to make money in the world, and there isContinue reading “Shorting Stocks”
The Tipping Point in Wealth Creation
Many people have touted the $850,000 mark in investment assets as the great tipping point in wealth creation. I wholeheartedly believe that the $100,000 mark in investments is the true tipping point. I believe this because $100,000 is the point for a lot of people in which their investment income becomes significant and may outpaceContinue reading “The Tipping Point in Wealth Creation”
Never Ending Surplus
How can one tell when they have enough money to retire? This is a question that is highly personal and varies from individual to individual. There is no magic number even though society would have you believe that 65 is that magic number. It could very well be 45 years old, 75 years old, orContinue reading “Never Ending Surplus”
Different Kinds of Capital
It is interesting to gain insight as to how people value themselves. Self-worth seems to be defined by the amount of money, fame, and success one has rather than innate talent and ability. The truth is that there are different types of capital than just financial capital. I have a friend in med school whoContinue reading “Different Kinds of Capital”
Inflation, Interest Rates, and Dividends
Most people believe it is impossibly hard to understand how interest rates and dividends affect the value of the share price of a stock, but if you can understand opportunity cost then you can understand these concepts. Understanding these concepts will not only make you a better investor, but they will also allow you toContinue reading “Inflation, Interest Rates, and Dividends”
Happiness
If your goal is to become rich, it can be accomplished fairly easily by making sound financial decisions over a long period of time. But not everyone wants to be rich. I’ve always viewed the ultimate goal in life as achieving and maintaining happiness. Happiness is a relative term because it depends on the person. Continue reading “Happiness”
Selling Your Time for Money
The mainstream view of providing an income for yourself and your family is that you need to get a job and go to work every day. We are supposed to go to college to get an education in order to obtain a great job after we graduate. Once we get that job we need toContinue reading “Selling Your Time for Money”
Why The Rich Get Richer
Everyone has heard the phrase “The rich get richer”, and that is a true statement in a lot of cases. Most wealthy individuals have a particular mindset that not only allowed them to gain extravagant wealth in the first place but also to continue growing their assets as they accumulate more and more resources. TheyContinue reading “Why The Rich Get Richer”
Time Dilation
If I had not pursued a career in medicine, or if I had not discovered my love for economics and investing, then I would have definitely become a physicist. Specifically, I would love to study astrophysics related to general and special relativity. I was reading about time dilation today, and it absolutely fascinates me. InContinue reading “Time Dilation”