Who is a prodigious accumulator of wealth? How do you calculate to see if you are a prodigious accumulator of wealth (PAW) or an Under Accumulator of Wealth (UAW)? A prodigious accumulator of wealth has a net worth (excluding inheritance) at twice the expected level for their age, while an under accumulator of wealth has a net worth less than half of the expected level. You can calculate your expected net worth by multiplying your age times your annual household income divided by 10. Read more about prodigious accumulators of wealth below.
What are the traits of the best wealth accumulators? How can you adopt the habits of a prodigious wealth accumulator? A prodigious wealth accumulator prioritizes wealth-building investments, minimizes taxable income, and controls household spending to accumulate wealth. You can become an excellent wealth accumulator by changing the way you spend and manage your money. Discover the three major traits of wealth accumulators below.
Is it possible to build an antifragile business? Why are the stock market and big corporations so naturally fragile? Building an antifragile business is possible, but our economy is currently built on an extremely fragile system—the stock market. Big corporations have no stakes to find better systems when they can just get bailed out by taxpayers. Read more about what it would take to build an antifragile business.
What’s more profitable— to open a physical store or grow an online business venture? What are the most common features of successful online businesses? According to Reid Hoffman, the author of Blitzscaling, it’s much more profitable to grow an online business than to run a physical store. There are many reasons for this but the biggest is that there are virtually no overhead or advertisement costs when you’re selling software. Keep reading for more reasons on why you should grow an online business rather than a physical one.
What are the four growth factors that are incorporated into most great business models? What business models are more suitable for scaling a company? The four growth factors that affect scaling a company are market size, distribution, high gross margins, and network effects. There isn’t one business model that will work for every company but incorporating these growth factors will help you scale. Continue reading for more information on scaling a company.
What do education and the economy have to do with each other? Is it true that widespread formal education increases wealth and opportunity? In Antifragile, Taleb argues that our belief that education leads to economic prosperity is false. Instead, he says that wealthy countries invest in education, and we confused this for the cause of the economic wealth. Keep reading to find out why the relationship between education and the economy are not what you think.
What was COIN? What was Barack Obama’s viewpoint on COIN and what did it mean? For Barack Obama, COIN posed a lot of issues. COIN, also known as the counterinsurgency strategy, involved massive foreign investments on the part of the U.S. Read more about Barack Obama, COIN, and Obama’s view on the strategy.
How did Obama address Wall Street reform? Did he make any major changes that impacted economic policies? During Barack Obama’s term, reforming Wall Street was a major topic in politics and in the economy. Obama believed that Wall Street reform would be beneficial to America. Read more about Obama, Wall Street reform, and the changes to the financial system.
How has American agriculture changed in the last century? What is the effect of industrial farming on U.S. farmers, and what does fast food have to do with it? American agriculture has changed drastically since the invention of fast food. The industry has exercised incredible influence on agriculture and agribusiness, mostly to the detriment of the country and to animals. Read more about American agriculture and the fast food industry below.
What was the 2009 auto bailout? Who benefited from it and why did it happen? The 2008 financial crisis his the auto industry particularly hard. Chrysler and General Motors were struggling and needed assistance, which became known as the 2009 auto bailout. Read more about the 2009 auto bailout and what the government did.