Some Brief Updates I am a radical advocate of transparency and want to let you know the current state of Young Money. Here are a few updates. Young Money’s first two sponsors Please fill out this 8-question survey. I didn’t sell Forbes my blog for $5M (I love April Fools Day). You may have noticed that the welcome…
I’d like to suggest an experiment. This Saturday, visit the affluent neighborhoods of your choice, whether it’s Chelsea in New York City or Buckhead in Atlanta. Ask ten people who are well dressed if they think of themselves as rich. They will laugh nervously and wait to see if they are joking, before they say…
The first of two posts that I will be writing about my thoughts on money. The second half will be released on Thursday. I hope you like it. The Value of Time principle is an important finance concept that tells us the amount of change in value between two dates, given an annual return. Using the…
Three investors are active in the market at present: Winners – Those who have made an absurd amount of money within a short period of time Losers – Those who have lost an absurd amount of money within a short period Outsiders: People who have neither gained nor lost significant amounts of money but took…
If you’re addicted to social media like I am, you may have seen a TikTok that was circulating last week. It featured a “net worth”. You can skip this abomination of cringe by reading a brief summary. Guy with a net worth of $500k (really cool!) He goes out on a date with his wife. He…
Financially Responsible You’ve probably heard some of these sentences about money. Be responsible with your finances. “ Are you sure you want to buy that? “ Think about other ways you can spend the same amount of money. “ You need to save more. “ This is the Venmo caption I sent to my roommate when we celebrated one…
What should I invest in? “ This question has been asked to me more than I can remember in the past year. This makes sense since I have a finance blog. Over time, my answer has evolved. In two years, I would’ve given you a detailed description of the SPAC that I invested in and why. I would have…
Time is money. If a person can earn 10 shillings per day through his work, but spends sixpence on diversion, or is idle for half the day, that should not be considered as his only expense. He has actually spent or wasted five shillings. Ben Franklin Ben Franklin’s 1748 essay advice to a young tradesman, “Time…
As a child, I played all kinds of Mario games. You likely did too. You probably did as well. There was Mario Kart which put all your favorite Mario characters into a Grand Prix. A blue shell that was not timed correctly can ruin a victory. And Super Smash Bros is the greatest combat video game ever created. You’d be battling a Who’s…
I am a poker player. I play poker a lot. The greatest game of all time is played at a poker table where skill, money, luck, adrenaline and probability are combined. I was in London last Tuesday with my friend Jake. We are both poker enthusiasts, so we visited the Hippodrome Casino located in Soho. Three hours later, the…
