Thoughts on Business, Politics, and Life from a Private Investor
I was reading through the comments on an article about investing over at Yahoo Finance and a lot of people were whining about the fact that it is impossible to save money. Only those who inherit their money can be rich (which you all already know is false based on the evidence). A gentleman named Frank replied to the commentators: It is absolutely, positively true. Pay cash. Eliminate all debt. No mortgage. Save as much as you can. For a vast majority of people, that is the … [Read more...]
First, I would never loan money to friends or family (with only a handful of exceptions*, one of which is my parents) under any circumstances. To me, money isn't important - I just want to build and create like a little kid with a Lego set or a real-life version of Sim City. Other people, it seems, have this really big emotional investment in it. If I lend money, it takes away the chips I can use to build my playground. I'm going to want it back, even if I don't need it, because it becomes … [Read more...]
Victims of the Student Loan Industry or Irresponsible Borrowers? I was reading a site called Student Loan Justice as well as a piece at the Huffington Post where people are talking about their "overwhelming" student loan debt that is - wait for it - $15,000 or $30,000. Basically, less than the value of a car. Or a couple both of whom smoke a pack of cigarettes each day for five to ten years. Or 4 to 8 months of pre-tax income for the average American household. Rational, full-grown legal … [Read more...]
How the American Express Plum Card Helped Revolutionize Mount Olympus Awards A few days ago, I mentioned in The Importance of Frugality in Building Wealth that one of the ways we were able to save money was by using the American Express plum card at all of my businesses. The new product offering by American Express, which is probably most famously known for its Black Centurion and Platinum Cards, is completely unique in the financial services industry. For business owners, the plum card … [Read more...]
Though the home renovations have gotten the most headlines due to their nature (constant onslaught of choices and tasks that need to be completed), one of the most important items on the agenda of the six-month project has been to drastically reduce my digital footprint. By the end of the program, I will have one personal presence [...]
This makes me sick. This high school is ranked in top 5% of high schools in the United States. The worst part of the video for me was the part where the kid says, “I was never taught that knowledge”. It’s not somebody else’s job to teach you, it is your job to seek out [...]
This is a great way to start the day … one of the reasons I love writing this blog. Joshua, [In American Households Continue to Deleverage But That Only Tells Part of the Story, you wrote] “The numbers are just figures on a sheet trying to explain human behavior. Study the behavior, what is driving [...]
We’ve been looking for a corn chowder recipe to add to the “permanent” on-demand recipe collection but most are geared toward summer when fresh corn on the cob is abundant in the Midwest. This allows you to use the rich pulp, corn juices, and kernels to create a delicious, thick chowder that can be eaten [...]
The best message I received all day in the usual flood of reader submissions … Hello Mr. Kennon, I am 24 yr old who has saved/invested incessantly since I was 18, and my portfolio just recently breached 6 digits! I have always had a similar mindset to you when it comes to the future value [...]
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. Continue reading ...
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