Hope is Not the Answer – The Issue of the Student Loan Forgiveness Program
In the past few days, I was watching the Dave Ramsey Show on Youtube. At first, I really thought that he was a relative of the world famous chef Gordon Ramsey, so I didn’t pay much attention to him. It was in my Youtube Recommended videos, so I clicked on it. A caller asks a…
The Biggest Obstacle to Investing
In my previous post, I’ve briefly talked about the ways to increase net worth: Earning more money Spending less money (i.e. save more) Use the money that you currently have to invest Simplify what you are doing This post focuses on #3 – investing. Investing is like growing a plant. It starts out as a…
The Only Thing We Have to Fear is Fear Itself
From 1929 to 1939, the world went under the darkest economic age called the Great Depression. More than 20% of the United States population was unemployed, and many, if not most of the population, saved penny by penny just to get by. There was no Social Security or FDIC back then, leaving even the elderly unsure…
Saving Money is a Matter of Multiplication
I learned about multiplication in Hong Kong when I was 4 years old, I think. It looks like this: …. and then I used to have exams at school every week, closed book. I hated it. Now at mid-30s, I am beginning to understand the power of simple multiplication. It is the secret behind great…
What Can Your Thought Do for You With Seemingly Obsolete Assets?
A human being is unique from all other species in the animal kingdom on the basis of ‘thought.’ While all other animals are genetically programmed to do certain functions, humans can think for themselves, and like magic, they become real. In other words, what’s in your mind can manifest into a physical equivalent. All of us…
Happiness is not Solely About How Much You Make
It doesn’t take a lot of effort to have negative thought and be depressed when one thinks about money. Consider the following thoughts: “I couldn’t find a job yet and I’m almost done with college. How am I going to make money?” “I have two jobs and still doesn’t pay me enough to support myself…