The quote above is by Warren Buffett’s business partner, Charlie Munger, commenting on Buffett’s schedule. Buffett says he reads around five hundred pages per day of newspapers, books, magazine articles, and annual reports. He’s designed his schedule so he can spend most of his time thinking and reading. He runs a company valued over $600 billion at 91 years old. Whenever we think we’re too busy and need to cram …
No matter how much money we make, there’s always a way to spend it. You can become a multi-millionaire never making over $100,000 per year. You can also become a multi-millionaire much faster if you increase your earnings at the same time as you learn to keep more of what you make. Let’s start with a quick story and powerful lesson… In the 1700’s, Denis Diderot, a French philosopher, received …
In December, our net profit was negative $259,000 (we lost almost $300,000). The next month, our net profit was positive $181,000 (we made almost $200,000). What was the difference? We set marketing budgets. The False Ideal of Direct Marketing In direct marketing, we expect a direct return on our marketing investments. If we spend $1,000, we expect to make at least $1,000 back; if we don’t, we stop spending money. …
Imagine two paths in life… John and Michael work together as construction workers in their early twenties. Both come from poor families. Neither went to college. Both have a strong work ethic and put in eight hours of solid work every day. When John gets off work, he stops by the bar to hang out with a few high school friends. He then goes home, spends time with his family, …