The 1st Principle of Money

Everyone dreams of making it to the top. Not everyone is prepared to discipline themselves to get there.

There is a bit of truth inside this meme. Finance is simple. Don’t overthink things.

“When you combine ignorance and leverage, you get some pretty interesting results.” -Warren Buffett

Finance Lesson:

Higher interest rates is everyone’s business. Especially if you are carrying a balance on your credit card. It’s always better to position yourself financially so that you do not rely on credit cards for financing.

The average interest rate on US credit card balances has moved up to 20.7%. With data going back to 1994, that's the highest rate we've ever seen - Charles Bilello.

Finance Lesson:

Value and price are not the same thing.

Finance Lesson: Always know what you are aiming for.

What’s your number? Have you ever thought about it?

Americans Say They Need $2.2 Million to Be Considered Wealthy.

Feeling rich is more common among millennials and Gen Z, according to a new survey from Charles Schwab. [Bloomberg]

A reminder as to why mastering 1st Principles are so important.

When you don’t take the time to master your financial affairs when you are able and capable you can pay a heavy price when you are not so able …

“Financial exploitation costs older Americans $28.3 billion annually, with nearly three-quarters of that stolen by people the victim knows, such as family, friends or caregivers.” - Bloomberg

Finance Lesson:

Money is about …..