How to Find Investment Ideas
February 9, 2010 By 3 Comments
Years ago, I wrote an article called Finding Investment Ideas for Your Portfolio for About.com, a division of The New York Times. I've been thinking for the past few days about how it is that I seem to come across so many opportunities and then I realized that most people like me are always looking whereas the average American isn't. By that, I mean that every time I walk into a business, without exception, the first thought that occurs to me as I look around is, "I wonder if this company … [Read more...]
Misconceptions About Wealth
February 8, 2010 By 6 Comments
How The Marketing Industry Continues to Convince Average Americans They Know What a Millionaire Looks Like A few days ago, I quoted something from one of Dr. Thomas J. Stanley's books: "In the United States, there are three times more millionaires living in homes that have a market value of under $300,000 than there are living in homes valued at $1 million or more." For the past few days, I've been studying more about average household income in the United States and, specifically, the … [Read more...]
How One of My Family Members Used Shares of U.S. Bancorp to Build Substantial Wealth
February 5, 2010 By 2 Comments
A member of my close family has been using a technique to build substantial wealth that doesn't require a high income or any specialized knowledge, extra work, or effort. I was so impressed by the way he implemented this program, I thought I would share it with my other family and friends (as well as anyone else who reads my blog) without giving away who it is. Each month, he has a house payment of approximately $1,500, payable to U.S. Bank. He decided that instead of making an extra $300 … [Read more...]
The Importance of Frugality in Building Wealth
February 4, 2010 By 3 Comments
I was up until 6:30 this morning reading Stop Acting Rich ... By Thomas J. Stanley, Ph.D., the author of the incredibly successful The Millionaire Next Door and The Millionaire Mind. It's remarkable because so much of what the "average" millionaire did to achieve his or her wealth is exactly, precisely the same things I, and members of my own family, did to become financially independent. The premise of the book is that most people get in financial trouble trying to emulate the purchasing … [Read more...]
Gourmet Chili with Red Wine
February 3, 2010 By Leave a Comment
Aaron said he wanted to make chili. I said fine (this went on for a few weeks - he really wanted to try to customize his own gourmet chili recipe). It ended up costing $65 to $70 for the ingredients alone, making me wonder why everything we do tends to be in excess. Now, this is a good trait in some regards (we obsessively built our first online business, which was a great foundation due to the stream of earnings it provided us to invest in other things), and the same goes when we start … [Read more...]
Rainbow Pancakes
February 3, 2010 By Leave a Comment
I happened to be sitting at the dining room table, a cup of coffee in one hand, writing out plans for potentially launching a mutual fund this year (this time around, it's a Parker Duofold rollerball in an amber check pattern from the recent shipment of fine writing instruments we received at Kennon Home Accessories and its retail store, Kennon & Company). As I was mulling over some ideas in my head, I was reading the blogs, which is my customary morning routine that began back in the … [Read more...]
I'm a private investor, author, and business philosopher who started with nothing and was essentially retired by my early twenties thanks to my first Internet startup. I went to school on a music scholarship and spend my days doing what I want and growing Kennon Green Enterprises, LLC, the family holding company. 
