There was recently this really amazing article by Tony Wright and ensuing discussion on Hacker News about founders of startups who think they’re going to retire at 30 after taking home $4.3mm or so. The gist of the article was that with $4.3mm, you can’t expect to live indefinitely on an inflation-adjusted salary of $200k [...]
Though the title of this post is true for individuals, its applicability to companies is what I’m going to focus on today. Yesterday brought the news that American Apparel is in dire financial straights and may have to declare bankruptcy. This news caught me off-guard, though I don’t follow the company closely. However, I was [...]
Career development, motivational tips, personal finance and investing, and other topics for young adults. Searching for a life more abundant…
Ok, ok, it’s been awhile since anything has been posted relating to the investing series for young adults. However, the series has basically been finished, so I’m going to start posting the next installments in the series. I’ll be moving the series and several other posts to a new site that I’m hoping to get [...]
Great blog post on 9 steps to effective long-term financial management: http://www.wesabe.com/blog/index.php/2006/10/17/what-hold-you-back/ Of those, my wife and I have accomplished three. We’re hard at work on the rest. I would actually add a few more to the list for us, since we’re relatively aggressive about pursuing long-term wealth: 10. Start a business 11. Buy and [...]
