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 …
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 …
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 …
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 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 …
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 …
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 …
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, …
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 …
During my university days over a decade ago, there were a lot of stories of young guys making money from internet fraud. These students were buying cars, building houses and dropping out of school. There seemed to be a lot of money to be made on the internet through fraudulent means. This got me thinking; …
In 2005, you needed a helicopter, a helicopter pilot, a professional camera, a cameraman, and a film crew, with combined years of training to take an aerial shot like this. This came at a heavy cost that very few people could afford. Then suddenly, all of these were reduced to a small piece of equipment; …
After working on two different industrial attachment jobs for a total of 8 months, I realized what type of job to never settle for no matter what. At the first job, it was a group of highly paid administrative workers. Some of them well advanced in age. Typical days at work were a boring repetition …
The man widely believed to be the most intelligent person that ever lived; William James spoke 8 languages at the age of 8, admitted into Harvard at the age of 11 and graduated at age 16. However, he lived a secluded life, struggled with loneliness, and died a nobody. You don’t have a high IQ …
Dealing with a poverty mindset is a lifetime battle for most people. Only very few people get to really overcome it. Even when you are financially successful, you could be fighting a silent battle induced by a poverty mindset. Think about how politicians in poor and developing countries continue to loot their national treasury with …