Many people have stated that bitcoin is akin to tulip mania. It’s not. It’s true that cryptocurrencies may be in a mania phase where price is decoupled from productivity, but that does not tell the full
A lot of people have written about classification and categorization of crypto assets. Security tokens, utility tokens, cryptocurrencies, exchanges, appcoins, and altcoins are all labels in an effort to
Level VII — Buy Cash Flow Businesses and Real Estate
Okay, now you’re at the final level of the game of Winning Financial Freedom. You’ve learned many lessons along the way. What is different about this level compared with all other levels? One aspect is
There are many times in life where I notice something is happening, I make a mental note of it and schedule time to think about that noticed “thing” at some point in the future. One of those things came
I can remember five years ago when I first heard of bitcoin. I read through the bitcoin white paper written by Satoshi Nakamoto. That’s not his real name. It’s a pseudonym. I think he was smart not to
Okay, so you’re ready to begin the advanced stages of the game we call Winning Financial Freedom. Level VI of this game is about building multiple streams of income. In this level, the goal is to create
Now that we’re midway through December, I’m starting to think about good investing opportunities for 2018. The business and credit cycle are in mid-cycle. Interest rates are still historically low, but
I constantly think about what factors improve investing. I’m on a quest to codify good investing behavior. As I look back at my 20+ years of investing, I can think of about 4 factors that have improved
So now you’re half way through the game of Winning Financial Freedom. You’ve finished the three basic levels by eliminating bad debt, saving some cash and starting a retirement account. You have also started
Over the hot lattes from the cafe and the cool air off the ocean at the beach, I sit with a venture partner of a seed-stage investment company. We discuss the current landscape of the early-stage investor.
Okay, so you’ve handled the basics. You’ve eliminated your bad debt, you’ve started a retirement account according to your retirement plan, and you’ve saved an emergency fund. It’s now time to start the
When talking with anyone interested in trading bitcoin, the question inevitably asked is, “How much is bitcoin worth?” It’s a tough question to answer. Here are 3 ways to consider when evaluating what
I like cryptocurrencies. I like the idea of them. I’m a Libertarian, and I like markets over central planning. I don’t believe all the money printed by the Federal Reserve is going to end well. That’s
I like cryptocurrencies. I like the idea of them. I’m a Libertarian, and I like markets over central planning. I don’t believe all the money printed by the Federal Reserve is going to end well. That’s
So, you’ve completed Level II of the game to Financial Freedom and now it’s time for Level III. What’s it going to take to win this level? You need to have an emergency fund. That’s right, you need to
Once you’ve completed Level I in the game of Financial Freedom, it’s on to Level II — Retirement Planning. There’s a lot to consider when successfully setting up your retirement plan. In this level, we
In a previous post, I outlined the 7 levels to win at the game of financial freedom. In this post, I thought I’d outline a little about Level I — tackling all bad debt. First, let’s distinguish what makes
You can think of financial freedom like a video game. You’ve got to get through 7 levels to make it to financial freedom. What does financial freedom mean? It’s when your income is higher than your expenses.
Sitting at my dining table, I have been looking over the Santa Monica Bay where fog has overtaken our skies for the past three days. That is not typical here. We don’t share that feature with our Northern
In search of an answer to this question, I’ll start with a week-long discussion with my friend Dan about the Federal Reserve. Is the Fed harmful or helpful? Our conversation was sparked by an article written
