Is College Worthwhile?

Two successful serial entrepreneurs are not optimistic about the future of higher education. In the videos linked below, billionaire Mark Cuban and multimillionaire Howard Tullman share their thoughts on the current trends in higher education. Their entrepreneurial histories demonstrate that these two are usually ahead of the curve.

http://www.inc.com/howard-tullman/playbook-4-year-degree.html

http://www.inc.com/mark-cuban/video-student-loans-bubble.html

Royalty-free picture from https://pixabay.com/en/businessmen-men-people-office-42691/

Is Playing the Lottery Just Cheap Entertainment?

In a brief bit of research into playing the lottery, I saw numerous comments to the effect of, "It's only a couple dollars, and it's cheap entertainment--I dream about what I'd do with the money if I won the jackpot. It may even start a conversation with family members about what they'd do!"

from a pretty good Psychology Today article here: 

https://www.psychologytoday.com/blog/affluence-intelligence/201203/lottery-itis

This left me incredulous and little ticked off, though it took me a moment to understand why. Soon enough, I figured out why that is one of the stupidest justifications I've ever heard!

Here's my explanation...You ready? Here goes:

How Investing Can Make You Rich

Wish you could see the power of money? Wonder how the rich make their money work harder than they do?

Ever felt overwhelmed by some decision, and just picked an option so you didn't have to think about it anymore?  It can be easy to get lost in numbers. And when your head is swimming, you won't make the best decisions! 

It helps to see this kind of junk displayed in a graph. As hard as it can be to imagine how compound interest works, graphs like this can make it easy to understand!

Around the web 2/28/2015

Not all lottery winners are financially irresponsible. Take this woman in Ireland, for example, who is investing her lottery winnings into her hometown (and charities), to provide opportunity for others:
http://www.celebritynetworth.com/articles/entertainment-articles/unemployed-woman-wins-46-million-lottery-jackpot-gives-2-million-away/

Antoine Walker, however, had to learn his lesson the hard way. He now advocates the importance of saying "no." Walker plans to spread this message in his forthcoming book and documentary about his personal financial struggles. (This book and documentary will probably make him another windfall! It seems that he's learned his lesson, though--perhaps he'll hang on to his money this time around!)
http://www.celebritynetworth.com/articles/entertainment-articles/antoine-walker-blew-110-million/


Think Bill Gates is the richest person ever? Think again! Time for a history lesson:
http://www.celebritynetworth.com/articles/entertainment-articles/deeper-look-life-mansa-musa-richest-human-ever-lived/

This is why I prefer Android over iOS...and, really, why I don't recommend buying Apple products: http://www.techtimes.com/articles/35889/20150227/googles-sundar-pichai-calls-out-apple-irresponsible-charge-much.htm
To be clear, I think Apple makes quality products. I also think they charge too much for their quality products, and--like the famous architect Frank Lloyd Wright--don't trust their customers enough.

Excellent advice on how to build a Warren Buffett-like portfolio that puts your money to work for you: http://www.dividendmantra.com/2014/10/create-your-own-miniature-berkshire-hathaway/

And, if you've ever wondered what $1 trillion would look like in $100 bills (US), there's a rendering here: http://www.celebritynetworth.com/articles/entertainment-articles/1-trillion-dollars-look-like/

What Billionaires Know

What Billionaires Know

Since I spend so much time talking about The Millionaire Mindset, it's only appropriate that I discuss what wealthy people understand about finances—and about life!

Image from a blog post at arlinghaus.typepad.com