Sunday 25 March 2018

Friday 23 March 2018

The Monetary System Visually Explained



Ever wondered how money works? Seems a bit daunting sometimes doesn't it?

Here's a great explanation!

How to earn money doing freelance writing



Today we have got a guest post written by the quite frankly amazing Ar from over at Actual Ar who is a seasoned professional when it comes to freelance writing and wants to share her top tips with you!
In this post, I’m going to share a few tips for how you can potentially earn some cash through freelance writing. I say potentially because there are a few caveats to this statement that you’ll need to take into account.
First and foremost, if you’re planning on becoming a freelance writer for the express reason of making money, then you’re not going to make much money. Simple but true. Successful writers and more specifically ones who get paid are at the heart of anything else good writers. They write well because they love writing. They craft the work they produce. The do not churn out any old shit and expect £100+ in return for it. Bear in mind that if you don’t actually enjoy writing, and if you’re not actually committed to creating good, interesting pieces of work, then you won’t make any money no matter how hard you think you’re hustling for it. If you’re not putting the effort and skill into your writing, nobody will reward you for it. Fact.
Next, a reminder that this will not be easy, and you’ll not always be able to write about things you want. Paid opportunities for writing aren’t always going to be on topics you’re well-versed in, and so you might have to get creative about how you present your content. You’ll need to put the time in to research the piece you’re producing for your client. Remember, this is a business transaction; just because you may be typing an article up from home in your slippers does not mean you should treat a writing assignment as anything less than a professional endeavor.

With all that said, it is very possible to make money from your writing. 
Before you begin, you should decide on the type of writing you’re most confident with. We’re quite not talking about writing a book here, although that is, of course, a viable option. Many writers are now able to self-publish their own eBooks and put them on Amazon, and with the power of social media at their fingertips, promotion is free and easy too.
However, to dip your toe into the water of freelance writing is a wise move before going all-out a la J.K. Rowling. Starting a blog of your own is a good way to do this and to build a bit of a content portfolio for yourself. I believe that if your writing is good quality, it will speak for itself and the opportunities will come to you. Plus, you need to practice your skill. Publish posts consistently, on a variety of topics, and you’ll become a versatile writer who can produce solid copy that other outlets will value.
Value is a keyword. How valuable is the writing you’re planning to sell? 
Online magazines, news sites, travel companies and many businesses are in the market for content – and you’re in a strong position to offer it to them. There are ways to do this. A direct approach or a ‘pitch’ to a brand’s PR contact is a good place to start. Remember to be polite and professional, and not to sell yourself short – or offer your work for free! I’d advise building a bit of a back catalogue of writing before approaching companies for paid opportunities though; they will almost certainly check out your social profiles and website to see if you’re worth their spend. Make yourself invaluable by putting the time into your writing beforehand.
Another option is to register with a blogger-brand outreach service, and also to check Twitter regularly for journalist and PR request opportunities. Occasionally, other bloggers or writers may wish to collaborate with you in order to get their workload finished. Don’t be afraid to help out – you may get an offer of partial payment for your efforts. There are also lots of freelance writing sites you can sign yourself up with; a bit like a Yellow Pages of skilled people, where you can basically offer your writing services for a set or hourly fee.
They key to all of this is research. Work out the kind of writer you are and craft your style. Be patient, consistent and professional and remember to price your writing according to the time and effort involved. Don’t look to other people and charge their fees. Be your own writer and be fair with yourself. Give yourself a minimum hourly rate and calculate your work accordingly.
Good luck, and if you’d like any further advice feel free to get in touch with me and I’ll try to help you out on your freelance writing journey.

Source: https://blog.themoneyshed.co.uk/earn-money-freelance-writing/

Thursday 22 March 2018

So You Think Money is the Root of All Evil?



Have you been guilty of this? 

What's the basis for saying that money is the root of all evil?

Is it money itself, or the people behind it?

Three Contrasts Between the Entrepreneur and Employee Mindset

Which mindset will you choose?

You often hear people say that rich people are greedy. To that I say, what kind of rich people do you mean?
Most of the entrepreneurs I know are some of the most generous people I know. Not only do they give a lot of their time and money away, but they’ve also built great businesses and products that enrich the lives of people around them.
On the other hand, there is another kind of “rich” person—the high-paid employee. While they may be charitable in their personal life, the high-paid employee can often be very greedy. They will always want more, even when the business is not doing well.
A great example of this is the recent news about Roger Goodell, the Commissioner of the NFL. Goodell is currently negotiating a contract extension with the NFL, and he is asking for a reported $49.5 million a year, lifetime use of a private jet, and lifetime health insurance for his family. He currently makes about $30 million.
The contract negotiation had one anonymous NFL owner saying, “…Several owners in this league who don’t make $40 million a year. That number for Roger just seems too much. It’s offensive. It’s unseemly.”
For those who may not be familiar, until recently, the NFL was a non-profit organization with tax-exempt status. And Roger Goodell is a life-long employee for the organization; having worked his way up from intern to what many people feel is the most-powerful man in sports.

NFL woes

Currently, the league is struggling. Ratings are down. As Michael McCarthy reports:
The league’s average TV audience through Week 5 of the 2017 season dropped 7 percent vs. the same period of the 2016 season, according to Nielsen data obtained by Sporting News. Worse for the league, the average game audiences are down 18 percent compared to the first five weeks of the 2015 season.
The NFL’s average TV audience (including Sunday afternoon, Sunday night, Monday night and Thursday night games) slid to 15.156 million viewers through Week 5 of the 2017 season. That’s down 7.42 percent from an average of 16.371 million viewers through the same period of the 2016 season, and 18 percent down from the average of 18.438 million viewers through the first five weeks of the 2015 season.
Additionally, the protests of the national anthem, a host of other scandals, and continued concerns about player head injuries are all dragging the league down.
Call me crazy, but now would not be the time to ask for a 20-million-dollar raise. Yet, that’s what Goodell is doing. That is greedy.
All of this is a good reason to contrast three mindsets of employee versus entrepreneurs.

Entrepreneurs take ownership; employees take from ownership

One of the things I love about successful entrepreneurs is that they put their businesses first. If the business is struggling or not making money, they don’t make money and they are responsible for fixing it. They have to take ownership.
Employees, on the other hand, don’t have to make the sacrifices that owners do in that regard. In fact, many of them, like Roger Goodell, want more money even when the business is struggling. If they don’t get their raise, they move on to another company.

Entrepreneurs create stability; employees demand stability

Starting a business can be a rocky endeavor, with a lot of risk and instability. Yet, successful entrepreneurs are able to take chaos and make it into a thriving business that provides stability for many working families.
Employees greatly fear instability and demand stability from their employers. One of the reasons employees want more and more from entrepreneurs, even when the business isn’t doing well, is because they think money provides stability. Unfortunately, it doesn’t, as many riches to rags stories can attest to.
The reality is that being an employee is highly risky. You have no control and you pay the highest in taxes. And if the business goes bad, you’re the first to be laid off—especially if you’re asking for more money at the time.

Entrepreneurs look at results; employees look at tenure

When things go wrong, a successful entrepreneur is the first to raise her hand and admit it was her fault. And when it comes to rewarding talent, it is based on results not effort or tenure.
Conversely, employees think that effort or tenure should be rewarded. This is why someone like Goodell, who has spent his entire life working for the NFL, can feel comfortable asking for so much money.
At the end of the day, tenure and effort are worthless unless you have results. Entrepreneurs understand this because if there are no results, they have to close the business. They can’t tell their investors they tried hard or lean on the fact they’ve been open for business for twenty years.

Which mindset do you want?

At the end of the day this is not a knock on employees. I have many people who work for me. They are wonderful people, but they think very differently than I do. That’s OK. It’s just not OK for me to think the way they do. I’m not wired that way.
Sometimes, people choose one path but change later. These become employees that operate like entrepreneurs in your organization. They are your most valuable employees—and usually the ones who leave pretty quickly, often to start their own thing—as happened to me recently. While it is no fun to lose a great employee, it is a lot of fun to see him become an entrepreneur. His mindset changed. In the process he brought more value to my organization, and later to his own life.
Each and every one of us must at some point decide what path we will follow—that of the entrepreneur or that of the employee. Which will you choose?
Source: http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/November-2017/Three-Contrasts-Between-the-Entrepreneur-and-Emplo.aspx

Wednesday 21 March 2018

The History of Paper Money - I: Origins of Exchange - Extra History



Ever wondered where money came from? Or perhaps how it evolved from people trading animals and food, to gold, to paper money?

Well look no further as all is revealed...

Making Serious Money From Your Rental Properties

As a landlord, you are probably already aware of many of the ways in which you can expect to increase your profit from your properties. However, you might not have considered everything you could do on this front, and it is a good idea to take a look at some examples of the kinds of things you can do if you want your portfolio to bring you as much wealth as you like. The truth is that there are no ends to the things you can do to improve the financial strength of your rental properties. In this article, we are going to look at just a few of the best examples.
Increase Tenant Interest
It should go without saying that you need to be able to draw enough attention in order to boost your yield. You need to get interests from many tenants so that you can be perfectly positioned to increase the rent as much as possible. There are many ways to actually go about increasing the tenant interest in your local area. One is to use a letting service who already have a good backlog of interested and respectable tenants. Click here for rental properties which might be able to make use of that kind of service. You can also consider drafting up a perfect ‘target tenant’ – in other words, the ideal candidate for your home. That alone can ensure that you are doing everything in your power to increase the interest you receive from tenants, and so give yourself the ability to keep rents high.
Decrease Vacancy
For any landlord, the worst nightmare situation is when you have a number of subsequent tenants, rather than one who is keen to be there long-term. Increasing the tenant interest will help, as we have discussed above, but it is also a good idea to do what you can to try and find those who are happy to stay for along time. Having this decreased vacancy is one of the simplest and yet most powerful ways of ensuring that you earn as much as possible from your rental properties. It also means that administrative costs are lowered, making it possible to lower the costs for the tenant – and thereby making your property even more desirable in the marketplace. It all helps.
Interest & Fees
Most tenancy contracts will have written unto them that if rent is late there will be interest added, with the possibility of late fees too. You should have these written into your contract – but not just as a deterrent. You should also make sure that you do actually follow through with this, and that you don’t allow your tenants to not pay rent on time. This will help in the long run, as you might be surprised how often your tenants will pay rent late – and in the end these fees and interest will make a huge difference to your final income. It’s worth following through whenever there is this possibility, as it will help you to make serious money.

Source: https://blog.themoneyshed.co.uk/making-serious-money-rental-properties/
Collaborative Post 

Tuesday 20 March 2018

Top 10 Quickest Ways People Made a Fortune



Check out the 10 quickest ways people have made a fortune!!!

Is Bitcoin one? 

Watch to find out!

Is Property The Right Investment For You?


Most people tend to assume that, out of all of the investment options out there, the best for those who are just starting out is property. One of the main reasons for this is that it’s one of the most risk-averse investment methods out there due to the fact that, while it can change quite a lot over time, the property market isn’t prone to the same kind of manic fluctuations that you see in other forms of investment. However, it’s a mistake to assume that property investing is somehow easy, because that’s simply not the case. However, just because there are challenges involved, that doesn’t mean that it’s somehow impossible for a beginner investor. With that in mind, here are some things to consider when deciding if property is the right investment for you.
Get the right guidance
When it comes to investing in property, the biggest mistake you can make is to assume that it’s going to be a simple process. The truth is that property investment, like any other investment, is far more complicated than a lot of people expect. If you want to succeed in the world of property investment, the first thing you need is the right guidance. Luckily, there are plenty of people online who can help you with that. People like Paul Ainsworth Lord are online offering investment advice for those who need it. Make sure that you do as much research as possible before you decide to jump into the world of property investment.
Decide what you want to do with the property
Of course, investing in property can actually take a lot of different forms, and it’s a good idea to decide which is right for you. One the one hand you can flip properties. This simply means that you purchase them, raise their value through improvements, and then sell them on at an increased value in order to earn a profit. The other option is to let the property out to tenants. Neither of these is right or wrong; they’re simply different investment methods and which you choose will depend on a whole host of factors including how much time you’re able to dedicate to maintaining the property.
Ensure that you can afford it
One of the things that get in the way of property investment for a lot of people are the upfront costs. Now, this doesn’t necessarily mean your ability to apply for a mortgage, although that’s certainly a factor. What it does mean is that you need to think about all of the other costs involved in both buying and selling properties which include everything from legal fees to the cost of decorating and deep cleaning the property.
The most important thing to remember is that, while it is certainly one of the least risky investment options out there, that by no means makes it risk-free. The reality is that there are no risk-free investments and if someone tells you that they have found one, they are either deeply misinformed, or they are lying to you for their own profit.
Source: https://blog.themoneyshed.co.uk/property-right-investment/
Collaborative Post

Monday 19 March 2018

Top 10 Loopholes You Can Exploit to Cheat the System



Ever heard those stories of people who find and use legal loop holes to their advantage? Ever wonder how they find out about these things? Or how they work?

Well here are the top ten loop holes you can exploit to cheat the system!

Saturday 17 March 2018

The Biggest Lie In Investing That You Believe In | TEDx Talk



What's the biggest lie in the world of investing that most people believe?

Hit play to find out!

HOW TO CUT YOUR MORTGAGE IN HALF

ONE SIMPLE STRATEGY THAT WILL SAVE YOU HUNDREDS OF THOUSANDS


Although there is still some debate about whether or not you should pay off your mortgage early, the truth is that the math is almost always in your favor. By paying off your mortgage early you will end up paying as little as half your mortgage payments, which is far less than any tax write-off you would otherwise receive.Legal Disclosure: Tony Robbins is a board member and Chief of Investor Psychology at Creative Planning, Inc., an SEC Registered Investment Advisor (RIA) with wealth managers serving all 50 states. Mr. Robbins receives compensation for serving in this capacity and based on increased business derived by Creative Planning from his services.
“It’s a pity,” mortgage expert Marc Eisenson, author of The Banker’s Secret, told The New York Times. “There are millions of people out there who faithfully make their regular mortgage payments because they don’t understand […] the benefits of pocket-change prepayments.”

WHAT ARE POCKET-CHANGE PREPAYMENTS?

When you sign on the dotted line and take on that 30-year fixed-rate mortgage at 6%, as much as 80% of your mortgage payments will go toward interest. Ouch. In fact, your interest payments will tack on an additional 100% or more to your loan value. To find out how much you’ll pay in interest on your own home, use this calculator.
In order to maximize your payments and end up paying less interest, you simply need to start making payments against your principal along with your normal monthly payment. So the next time you write your monthly mortgage check, write a second check for the “principal only” portion of next month’s payment.
Image © Yulia Grigoryeva/shutterstock

THE NOT-SO-MAGIC MATH, IN ACTION

For example, the average American home is $270,000. (This strategy, however, works whatever the cost of your home). A 30-year loan at 6% requires an initial monthly payment of $1,618.
With this technique you would make your usual monthly payment, and then you would also write a second check for an extra $270, which will cover next month’s principal balance. If the whole $270 – or whatever your number is – seems out of reach right now, pay whatever you can. It will still add up. If you continue to do this every month, you will never have to pay interest on the principal that is pre-paid.
To be clear, you are not paying extra money; you are simply paying a little bit sooner, and saving yourself potentially hundreds of thousands in the process. Imagine being free from mortgage payments in just 15 years instead of 30. Would that make those small sacrifices now worth it?
If you aspire to home ownership – or if where you live, owning a home makes more financial sense than renting – taking this one simple step can eliminate one of the single largest expenses of your life.
Team Tony
Team Tony cultivates, curates and shares Tony Robbins’ stories and core principles, to help others achieve an extraordinary life.
Source: https://www.tonyrobbins.com/wealth-lifestyle/how-to-cut-your-mortgage-in-half/

Friday 16 March 2018

Beginners' guide to mortgages - MoneyWeek investment tutorials



Isn't it funny that getting a mortgage is something we're all likely to need to do at some point in our lives (often several times over) but we're not taught anything about how in school!

Check out this great beginners guide to mortgages so you can start to fill that knowledge gap!

How to Invest Using Other People’s Money

Learn my not-so-secret four-step plan for raising capital

One of my absolute favorite business strategies is using other people’s money (OPM) for my investments. If you’re not familiar with the concept, it’s one of the cornerstones of the Rich Dad philosophy—looking beyond the limits of your own resources and finding sources of money elsewhere.
Sadly, many people only look to their own wallets and bank accounts to fund their businesses and investments. I now know that that’s pure laziness. Don’t worry, I, too, once was lazy. So it can be cured! But how?

My Initial OPM Lesson

First, let me share the story of how I came to learn about using other people’s moneyto leverage my way to financial freedom. It was a dear friend and mentor of mine who told me that only lazy people use their own money. I explained to him that I worked really hard to make my money, and then invested it—how could that be lazy? He responded, “Wouldn’t it take more thinking and more creativity to use someone else’s money instead of your own?” Hmmm, at first that sounded completely unrealistic. But the more I wrestled with the concept in my head, the more I realized he was absolutely right.
You see, it was easy to use my own money to buy whatever asset I had my eye on, but I’d have to learn new skills and strategies to persuade someone else to part with their hard-earned money to put into my investment. Since I’ve never been afraid of hard work and learning, I decided to roll up my sleeves and figure out how to do it.
What I learned (through trial and error) was that raising capital isn’t really the mystery many make it out to be. Lenders and investors (such as banks, private organizations or individuals) simply want to know that they are going to get a healthy return on their investment. So, the key to raising money comes down to four fairly simple factors that will help demonstrate the ROI they are seeking. I’m going to help you cut right to the chase with my efficient formula:
1. Project: What is the project the lender is providing you capital for? What makes this opportunity unique and attractive? Don’t just share the positives—also explain the negatives and how you plan to overcome them.
2. Partners: Who are the key players in the project? In other words, who’s putting the deal together and what is their track record? The experience each partner brings to the table, and thus their expertise, is a big part of the equation.
3. Financing: Show the investor, as accurately as you can, how the project (either a business or investment) will make money. Be realistic and don’t avoid discussing the roadblocks ahead—every business and investment project has problems, so pretending yours won’t makes you look like an amateur. You’ll want to show how much money you’re raising in total, where the money is coming from (private parties, traditional lenders, etc.), the terms of the money being borrowed and how the money will be allocated. Hint: If you even suggest that any of the money raised will be used to pay your salary, doors will close. If you want a paycheck, then go get a job. Potential investors want to know how soon they will get their initial investment back and what their return will be, so they will use all these numbers to determine if your financing structure and terms are attractive.
4. Management: Investors want to know who’s running the day-to-day operations, because this is crucial to the ongoing success of any venture. Explain who they are, their background, how they react under pressure, etc.
I know it can seem intimidating at first, but raising capital does not have to be a long, drawn-out affair. Your pitch to investors should be short and concise. If you can clearly and confidently address each of the four aforementioned issues when looking to raise capital, then the odds of securing the financing you seek are in your favor. Now, the only thing left for you to do is deliver!
Source: http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/November-2017/How-to-Invest-Using-Other-Peoples-Money.aspx

Thursday 15 March 2018

Turn $40 into $10 million - Grant Cardone & Warren Buffett



What skills does it take to turn $40 into $10 million?

Find out in this great video from Grant Cardone and the one and only Warren Buffett!

MAKING FINANCIAL DREAMS A REALITY

5 SIMPLE STEPS TO TAP THE POWER OF MOMENTUM


“All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was a vanity: but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.” – T.E. Lawrence
Steve Jobs called them “crazy ones,” T.E. Lawrence called them “dangerous men,” but both recognized that those who dare to live their dreams are powerful outliers. Although we all have dreams, very few of us follow through to make our dreams a reality.
What is your dream? Are you living it? Or is it more of a blurry vision, like a mirage teasing you in the distance? Maybe you want to lose 50 pounds, or to connect with your teenage daughter. Maybe you want to become absolutely financially free, or to finally buy that condo in Aspen.
The truth is that most people are not where they want to be simply because they never get started. Perhaps you don’t know where to start, or perhaps you have been too scared to start. Whatever the reason, now is the time to break through the excuses, the fear, the scarcity mindset. It’s time to take the first step. Because once you start, you will gain momentum. And once you gain positive momentum, it becomes so much easier to succeed.
The momentum model is specifically designed to create tangible results by allowing you to just take one step at a time. Before you know it, just like ball rolling downhill, you will pick up speed and become a driving force.

1. PUT YOURSELF IN A PEAK STATE

First things first: if you want to change the results of anything, you first must put yourself into a peak state. This means you massively change your physiology in order to maximize energy levels. If you remain in a low-energy state, you will not change anything because it will only remain a concept in your head.
Do whatever you need to do to get into this state: jump up and down, dance, yell. Channel an enthusiastic sports fan or a teenage girl at a Taylor Swift concert.

2. FIND YOUR PASSION

Once you are in a peak state, in order to keep the momentum going, you must tap into your passion. If you don’t know what your passion is, then being in a peak state is the perfect state to be, because it as if you have primed the pump. When you find your passion, it will be like you have tapped the well and your energy will be sustained by your passion.
But, to find your passion you must ask the right questions. What do you love? What do you hate? What will you not tolerate? What makes you say, “Not another day, not another hour, this is changing now!”
Write it all down. Go on a rant. And be sure to do it with energy and passion!

3. DECIDE, COMMIT, RESOLVE

Finding your passion is going to give you tremendous energy, but to maintain the momentum, you must do the next thing. The decision really is the power that changes your life. Make this decision while you’re still in a passionate state. If you make a decision without passion, you will kill the momentum.
Decision is like war – the internal back and forth – until you say, “Alright, I’m going to make myself do this.” After you have made your decision, you must commit that no matter whether it is easy or difficult, you are doing it. And finally you must resolve. Resolve means it’s done – there is no question whatsoever.
Remember two decisions you have already made sometime in the past that changed your life for the better. Maybe it was a small but difficult decision and it led to something really important in your life. Then think of a big decision – maybe one that you came to the edge of doing multiple times and kept pulling back. But eventually you did it, and it changed your whole life for the better. What finally got you to decide? Write down two decisions, one small and one large, that if you decided today they would change your life for the better. Once you’ve decided, commit to them. Finally, be resolved, knowing it’s a done deal. Resolve brings peace because the internal wrestle is over. 

4. TAKE IMMEDIATE, INTELLIGENT, CONSISTENT AND MASSIVE ACTION

After you are resolved, the only way to keep the momentum is to take immediate and massive action. Massive action is the cure-all. If your relationship is not where you want it to be, if your finances are not where you want them to be, or your body, or your business, whatever the case, you need to take massive action. And if it doesn’t work, try something else. Continue to take massive action until you find a way forward.
Now close your eyes and decide what two actions you are going to take immediately on your first decision. Make a phone call, schedule a meeting, enroll in a class. But do it immediately because otherwise, despite your best intentions, you likely won’t follow through.

5. BE S.M.A.R.T. — AND BE HONEST WITH YOURSELF

The last step to continue the momentum you’ve got is to be S.M.A.R.T. Make sure the results you are moving toward are Specific, Measurable, Achievable, Realistic and anchored within a Time frame. Is your action working? Be honest with yourself. If it is not, go back into peak state and work through Step 4, with a new action. Wash, rinse, repeat — until you find an action that does work for you.
Do not be content to be mediocre when your heart aches for so much more. Be courageous enough to take the first step and allow the power of momentum to propel you into a future where your dreams become reality.
images ©DragonImages/shutterstock, ©ponsulak/shutterstock
Team Tony
Team Tony cultivates, curates and shares Tony Robbins’ stories and core principles, to help others achieve an extraordinary life.
Source: https://www.tonyrobbins.com/wealth-lifestyle/how-money-makes-dreams-reality/

Wednesday 14 March 2018

How to Use Credit Cards in a Smart Way- Cardone Zone



Most of us have or have used credit cards at some point in our lives - but how many of us know how to use them in a smart way?

Check out these top tips from the Cardone Zone!

THE $13 TRILLION LIE

WHAT YOU'VE BEEN TOLD ABOUT MUTUAL FUNDS IS NOT TRUE


For years we’ve been told that mutual funds are the safe place to invest our money and expect a 12% return. But the 12% return was a myth – one that Americans currently invest $13 trillion in. The ugly truth is that you have less than a 4% chance of picking a mutual fund that matches or beats the S&P 500 index. By way of comparison, consider the game of blackjack. If you’ve ever played, you know the goal is to get as close to 21 without going over, or “busting.” If you get two face cards in blackjack (each face card equaling 10), and your inner idiot shouts, ‘Hit me!’ you have about an 8% chance of winning – double your chance of picking a mutual fund that performs better than the index.
In March of this year, Warren Buffett advised LeBron James to invest in a low-cost index fund; it is advice that Buffett follows himself. In fact, Buffett intends to provide for his wife after his passing through low-cost index funds.
David Swensen, manager of Yale’s nearly $24 billion endowment also endorsed index funds, stating, “When you look at the results on an after-tax basis, over reasonable long periods of time, there’s almost no chance that you end up beating the index fund.”
While it may seem convenient to be able to bet on an active manager, trusting in their past performance and our own intuition, the research shows that the index funds will beat it 96 times out of 100.
Team Tony
Team Tony cultivates, curates and shares Tony Robbins’ stories and core principles, to help others achieve an extraordinary life.
Source: https://www.tonyrobbins.com/wealth-lifestyle/the-13-trillion-lie/

Saving for the Future While Paying Off Debt

How can you save for the future when you're still paying off the past?