Advancing Your Career: MBA vs. CFA
When some people want to advance their careers, they get an MBA. That’s what I did—I graduated in 2001 with my MBA from the University of San Francisco. That was a good decision. It has proved valuable, and I learned a lot.
The Virtues It Takes to Make Money
Money is not the root of all evil, and the love of money is not evil. Money is good, and it’s because of the virtues that it takes to make it.
Financial Nihilism
Attaining wealth is harder these days, but in some ways, it is easier. I would not worry too much about it. Think about the future, or the future will think about you.
Windfalls
I have a rule about windfalls. Money is a tool, and it can be used for good or for ill. Don’t be a knucklehead—the money won’t last forever.
Gold and Personal Finance
You own gold to smooth out the ups and downs in your portfolio. This works because gold has a low or negative correlation to stocks, bonds, and other stuff.
How Do You Feel About Money?
One of the common misconceptions about money is that you need a lot of it to be happy. But if your basic needs are met and you don’t have any debt or risk, you can live paycheck to paycheck and be perfectly content.