How to Solve the Trade Deficit – Part V

There were a few questions that went beyond the scope of the trade deficit in the question Adam sent me, so I decided to wrap them up here, in a final article. If you want, you can read How to Solve the Trade Deficit Part I, Part II, Part III, and Part IV. You asked, [...]

from Joshua Kennon

Here Is One of My Secrets to Making Money (Or, How I Once Bribed Women to Code for Me with Diamonds, Rubies, and Chanel)

The Secret: Strike Deals Where Everyone Has Limited Downside and Harness the Super Power of Incentive Some of you have been writing to me privately and asking about the early days when we started out and were trying to build our companies.  I thought it would be useful to share some of the things we [...]

from Joshua Kennon

The 5 Levels of Building Wealth

Early in life, I developed a theory that there were five levels of building wealth that most self-made men (and women) go through to reach financial independence.  It was started by my love for Carl Barks Scrooge McDuck comics.  When I started reading the Federal Reserve reports of consumer wealth, empirical studies, and other sources [...]

from Joshua Kennon

Business Should Be Fun … If It’s Not, You’re Doing Something Wrong

When I talk about the idea of tap dancing to work, in the words of Warren Buffett, I’m not kidding or making a joke.  You should wake up every morning and jump out of bed because you can’t wait to spend your time focusing on something that makes every part of you – physically, mentally, [...]

from Joshua Kennon

How to Make Money in Fable 2 – Or, How I Made My Fable 2 Character a Millionaire in a Few Days Without Cheating

It’s remarkable that the same concepts that allowed me to be effectively retired by my mid-twenties allows me to frequently become rich in video games. That’s the nature of compounding.  It is a law, exactly like gravity. This weekend, Ashly and Ian drove in from Columbus to visit – they are thinking about relocating to [...]

from Joshua Kennon