The 19 Cashflownaire Principles

Over the last 25 years, I’ve studied hundreds of successful people. Throughout all of this, I’ve found that successful people live with a set a principles or standards. In many cases, these successful people can actually articulate the principles they live by. Some don’t think about principles, but live by them nonetheless. As example, Warren…

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The “Toll Position”

Back when I had a “great job” working in the audit department of a large public accounting firm, one of my clients was located in Youngstown, Ohio. This client’s year-end was March 31st for accounting purposes. This meant that I had to spend every April, May and June in Youngstown to perform the annual audit…

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The Position of F-You

A friend sent me this video three years ago: (Warning this short scene includes adult language. If you’re easily offended, skip this post.) This scene is from The Gambler. I actually shared this video in this previous post back in 2015. This one scene from the movie has had a major impact on my life.…

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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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