No one on their deathbed ever said they wished they’d spent more time at work. Yet, many spend years, decades even, at a job just to figure this out near their deathbed. They place so much importance on their work, their job becomes a big part of their self-worth. They’re proud of their work, and […]
My favorite quote is not about investing or success. Neither is it from Warren Buffett or Jim Rohn, two gentlemen who I admire greatly. No, my favorite quote is from the French scientist and philosopher Blaise Pascal. Here it is: “All of humanity’s problems stem from man’s inability to sit quietly in a room alone.” […]
The secret to getting rich is as powerful as it is unexciting: live below your means. That’s it. The bigger the difference between what you earn and what you spend, the sooner you’ll find yourself with enough money to do what you want with your life. Now, I realize that “live below your means” may […]
Berkshire Hathaway’s annual meeting is being held today and the most popular section of the meeting is always the question and answer portion. Warren and Charlie field questions for hours covering a wide range of topics. In these sessions, Buffett is often criticized for giving “generic” advice. Indeed, much of his advice smacks of mid-west […]
Subscriber Drew contacted me awhile back with a great suggestion for an article about holding cash and the stock markets. Here’s Drew… Hi Monty, I’m a big fan of your concise and great advice, and I have a selfish suggestion for a column: what to do when you’re nervous about investing in the markets. I’ve […]
Since you’re reading this blog, I’m assuming that you have a list of major life goals that you want to accomplish. You do right? Wonderful. While that’s a great start, what about the flip side of that coin? Have you considered learning to avoid the things that are not important? You know, the worthless distractions […]
Financial wisdom doesn’t come naturally to the mind, it’s learned. Most people who have achieved success with money received help along the way. Maybe they absorbed the knowledge from a parent or grandparent. Or perhaps they pursued it on their own by reading personal finance books and by copying the success habits of others. That’s what […]
The vast majority of Americans believe that the economy is rigged against them. Seventy-one percent think the U.S. economic system is “rigged in favor of certain groups,” according to a new poll by Marketplace and Edison Research. The poll asked one simple question: “Which of the following comes closer to your opinion of the economic […]
