How The Vanderbilt Family Blew the World’s Largest Fortune

When Cornelius Vanderbilt (the Commodore) passed away in 1877, he left the majority of his fortune valued at $95,000,000 to his oldest son. In today’s dollars, this fortune would be worth around $2.1 billion. He left smaller amounts to all of his other children. This particular son, who received the majority of his fortune, actually…

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How to Never Lose Money

Warren Buffett has two rules for investing: 1. Never lose money. 2. Never forget rule #1. When I first read these two rules years ago, I don’t believe I honestly understood the magnitude of the simple lesson. My surface level understanding was to make smart investments where I had a reasonable likelihood of success over…

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Money Master (How to win the game)

This screen shot is from the book, “Why The Rich Are Getting Richer”, by Robert Kiyosaki. According to Kiyosaki, the people who have mastered money live in the “I quadrant.” For those who haven’t read any of his books (what are you waiting for??), the “I quadrant” is the quadrant for investors. Investors live off…

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Never Invest Unless…

When I was in my 20s, a partner and I purchased a smaller multi-unit building. The building had 5 commercial spaces on the first floor and three residential apartments on the second floor. Soon after we purchased the building, one of the commercial tenants moved out. We tried everything to rent the space to a…

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The True Power of Discipline

Right now, I’m working on a new report detailing how Arnold Schwarzenneger became a millionaire in his early 20s. Many don’t know it, but he began investing in real estate soon after he came to America. His real estate investments led him to millionaire status BEFORE his acting career took off. We all know Arnold…

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