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…
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…
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.…
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…
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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