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Force of Finance (7)

Today, let’s look at the 7th in this series as penned by George Clason in his timeless book: The Richest Man in Babylon. Let’s assume that we are all farmers (which we are if we consider our places of business as farms). You farm 1 acre of land this year …

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Force of Finance (6)

The Richest Man in Babylon is a foundational book that fits into most climes. It’s quite an old book (first published formally in 1926), but it is very adaptable. The world has evolved since then and some of the admonitions under the sixth cure for a lean purse have other …

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A little step off…

Mankind is funny, at least these days. We hate routines but are creatures of habit. As a result, we have people revolting against routines but not necessary harnessing the power of habits. But are they really separate? Imagine that an airplane takes off on a trip of 200km which would …

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Force of Finance (4)

There’s one thing we all have in common, generally speaking: We do not like to spend our money. Yes, we like the things that money gets, but we could be really tardy to let go of the money. As a result we find ourselves spending when we should not spend, …

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Playing to Win vs Playing Not to Lose

The Prisoners’ Dilemma teaches many lessons. One of them is the difference between playing to win and playing not to lose. What could that be? Imagine that two friends, Peter and Paul commit a crime. Eventually, they were picked up by the Police and were being interrogated separately. They were …

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Force of Finance (3)

Do you have some cash sitting idle?Why are survival skills not taught in school? One rich man taught that he had two careers; one for himself and one for his money. What is the career of your money? I guess the bigger your sum, the higher it could get paid. …

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Hamster Wheels

According to Wiktionary,hamster wheel (Noun)A monotonous, repetitive, unfulfilling activity, especially one in which no progress is achieved. Sometimes we find ourselves seemingly going round and round in circles. We intend to cover 100 metres but find ourselves repeating the same 5 metres over and over again. If we are able …

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Force of Finance (2)

One of my earliest lessons in Economics is the reason for Economics: limited resources! If everything existed in abundance, there would be no need to study Economics or learn how to allocated resources. When you pluck a flower in the morning, by evening it withers if you don’t put its …

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Self-Fulfilling Prophecies

“The reason I don’t exercise is that I get tired easily.” The reason you get tired easily is probably that you don’t exercise.The reason I don’t study hard is that I don’t understand my course; the reason you don’t understand your course is probably that you don’t study hard.It is …

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