Credit Card Debt Is Poison

Credit Card Debt Is Poison

Over the past few years, I have become more and more convinced that the single biggest challenge most people face when it comes to achieving financial independence is the interest expense they pay on credit card debt, student loan debt, home mortgages, consumer debt, and other liabilities. [mainbodyad]Think about it like this. If all you…

Damn Right Charlie Munger Biography by Janet Lowe

A Perfect Example of Acquiring Cash Generating Assets from Charlie Munger

I’m re-reading “Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger” by Janet Lowe and came across a passage that illustrates exactly the sort of thing I’m talking about when I harp on acquiring assets that constantly churn out piles of cash for you spend, redeploy into new investments, give to charity, or…