The inflection curve of a business shows whether or not it will survive — In 1984, Intel Corporation was a leading producer of memory chips. But as Japanese competitors like Toshiba and NEC came to the US, Intel started to lose its market share. This is where the inflection curve of a business typically happens: When a new player suddenly changes the market. The…

But only chase one dream at a time — If you want to achieve your dreams, you have to be relentless about making them happen. It takes a lot of focus and drive to achieve one’s goals. That’s because our dreams are usually out of reach. Why else would it be a dream? It’s not easy. And there’s a…

Nothing lasts forever — Most people who win the lottery are actually happy. Contrary to popular belief, most lottery winners don’t end up bankrupt and miserable. Instead, they settle into a quiet, comfortable life of anonymity. Various studies have found that winning the lottery does buy happiness, and most lottery winners improve their lives…

Small habits, big return — Many people used to think that reaching a certain age meant your brain stopped evolving. That’s where the saying “you can’t teach an old dog new tricks,” comes from. It might be harder to rewire your mind as you get older. But recent studies have shown that’s not entirely true.1 …

FOBO is as old as humanity — FOBO or Fear of Better Options is a psychological phenomenon where someone avoids making a decision out of fear that there may be a better option. FOBO is the nagging feeling that there might be a better choice out there, which leads to analysis paralysis. Can you relate to the…

Mindset #3: Think 50% when you spend. And 10% when you don’t — I was talking to a friend recently about strategies that make ordinary people wealthy. Often, people talk about trying to spend less by budgeting, saving more, and investing. Or working harder to earn more. These things definitely help. But we all know that without a good budget, savings, and investing…

Break your personal self-reinforcing loop and start generating wealth — When I was in my teens and twenties, I always thought the world was unfair. How can the world be fair if the rich get richer and the poor get poorer? Enter: The Matthew Effect. The Matthew Effect, also known as the principle of accumulated advantage, is not only a…

When your plans change or you experience setbacks, be happy — My next book, The Stoic Path to Wealth, was supposed to come out in February 2024. But my publisher decided to push it back to July 2024. When I heard about the new publishing date, I already started with the marketing strategy for the new book. So I quickly adjusted…

Improvement begins with a single step — Every time you hit snooze on your alarm, ignore your calendar reminder, skip the gym, don’t go to the supermarket while your fridge is empty, and so forth — you become one of the many procrastinators who can’t get things done. That’s because you’re making a decision to NOT do…