The best message I received all day in the usual flood of reader submissions … Hello Mr. Kennon, I am 24 yr old who has saved/invested incessantly since I was 18, and my portfolio just recently breached 6 digits! I have always had a similar mindset to you when it comes to the future value…
In our discussion of how much money it takes to rank among the top 1% of wealth in the United States, we uncovered the fact that roughly 80 out of every 100 members of the “new elite” in the United States – those with at least $5 million to $10 million in liquid net worth…
Mental Model: Addition Through Subtraction Sometimes, in order to make something better, or work more effectively, you must take something away. This principle is called addition through subtraction. The theory behind addition through subtraction is that reducing components and complexity can add value if you make something: Simpler Faster More reliable More profitable Less expensive…