There are many ways to get rich; only a few ways to go broke — In 1942, the world was at war. In December of the previous year, the United States entered WWII when Japan attacked Pearl Harbor. By that time, the US got into a war that started in 1939. While Americans were quick to adjust back at home, by turning factories into manufacturers…

Making money is not all about the money — In 1997, a 27-year-old independent musician wanted to distribute his music without suffering from traditional distributors. He decided to sell his music online. But online record stores at the time only sold CDs from record labels. So he built a website himself, called it “CD Baby.” And sold his music…

This is the secret to lasting motivation — When David Goggins learned about the death of an acquaintance operative team, he decided to raise funds for the deceased soldiers’ families. He thought joining an ultramarathon — races that go beyond the usual 42-kilometer marathon — would be a great way to do that. So he applied to the…

We’ve all wasted time. But sometimes, we waste a bit too much time. The other day I watched a Skip & Shannon video on YouTube (a sports show mostly about the NBA and NFL), and then, I watched another video about the NBA. I watched the first video around 10…

I’ve adopted the mental model of Charlie Munger when it comes to living a good life. It’s useful to gain insights into the thought process of certain rich people. Munger was trained as a lawyer, got briefly into real estate development, and built his fortune together with Warren Buffett in…

Many things in life are the exact opposite of what we assume they are. For example, when it comes to personal productivity, we often think we need to work harder and do more to achieve more. That’s where counterintuitive life lessons come in. More often than not, we need to…

Consider two artists: MC Hammer and Chamillionaire. Most people know the former because he famously went broke in the 90s despite earning millions of dollars. It’s a good case of money fallacy that many people who earn well often ignore. MC Hammer made 37 million dollars. But he spent 50…

“Make up your mind!” Well, it’s the mind that’s doing all of that so we can’t tell it anything. — If you live in a free country, you can do pretty much anything you want as long as you’re not harming others. This freedom and having many options often puts us in analysis paralysis. And we end up not knowing what we really want to do. …

One of my students recently asked, “How did you zero in on the topics you currently write about? What prompted you to make these choices?” It’s a challenge every person who writes online has to solve. On the one hand, you want to write about topics you love, but you…