Why Health and Disability Insurance Are Important

Why Health and Disability Insurance Are Important

What would happen to your income if you got sick or disabled? Is your employer’s health and disability insurance policy adequate? If you’re sick or injured, you can’t work. You need a plan for such circumstances. Protecting yourself financially is a vital element of having a sound financial plan. In The Wealthy Barber, David Chilton discusses health and disability insurance in this context. Keep reading for more information on this kind of financial protection and why you need it.

How to Identify Bottlenecks: Where’s the Holdup?

How to Identify Bottlenecks: Where’s the Holdup?

What’s slowing down your business? How could your morning routine be more efficient? Every system has slow parts that drag the whole system down. Identifying bottlenecks is key to maximizing a system’s efficiency. In The Great Mental Models Volume 3, authors Rhiannon Beaubien and Rosie Leizrowice explain what bottlenecks are, how to identify them, and why bottleneck management is a necessary ongoing process in any system. Let’s look in detail at how to identify bottlenecks.

Outwitting the Devil by Napoleon Hill: Book Overview

Outwitting the Devil by Napoleon Hill: Book Overview

Is it possible to get out from under the devil’s influence? If so, how? If you succeed, how might your life be different? Outwitting the Devil by Napoleon Hill is a self-help book that describes how you can resist the devil’s influence and find personal and financial success in life by choosing clear goals, pursuing them single-mindedly, and surrounding yourself with positive influences. Businessman and author Napoleon Hill emphasizes the law of attraction and the power of positive thinking as the primary tools that will keep you from drifting aimlessly through life or spiraling into failure. Let’s take a look

Do You Need Life Insurance? Consider These Factors

Do You Need Life Insurance? Consider These Factors

Do you need life insurance? If you have dependents, is it a must? If you get life insurance, what kind should you buy? If you’re expending the time and effort to become financially successful, you’ll want to ensure that your loved ones are provided for in the event of a loss. That might involve life insurance. You should determine whether or not you need it and, if so, what kind of insurance makes the most sense for you and your family. Let’s take a look at life insurance advice from The Wealthy Barber by David Chilton.

What Are Diminishing Returns? Why You Lose Traction

What Are Diminishing Returns? Why You Lose Traction

What are diminishing returns? If you want to learn a new subject, should you read every book on it? Why do horror movies seem to become trite after a while? In The Great Mental Models Volume 3, Rhiannon Beaubien and Rosie Leizrowice include diminishing returns as one of the thinking models that can boost your understanding and decision-making ability. While the law is often used in an economic context, the authors extend the principle to everyday applications. Read more to learn about diminishing returns and how understanding them can help you understand so much more.

How the Law of Attraction Works: Napoleon Hill Explains

How the Law of Attraction Works: Napoleon Hill Explains

Do you know how the law of attraction works? Do you believe in it? Wildly popular, often misunderstood, and sometimes ridiculed, the law of attraction is a feature in much of the self-help literature over the past century. Napoleon Hill, who popularized the law in his books, explains that it’s simply the notion that “like attracts like.” That’s why he stresses the importance of positive thinking. Keep reading for Hill’s discussion of the law of attraction.

Why You Should Embrace the Randomness of Life

Why You Should Embrace the Randomness of Life

How much of life is random? What can be gained by accepting that randomness? You could understand anything in the world by learning a finite set of rules and patterns that apply to all aspects of life. That’s the premise of The Great Mental Models series of books from Farnham Street (FS), a website dedicated to timeless knowledge and insightful ideas. The Great Mental Models Volume 3 argues that we can benefit by accepting that most of life is random. The benefits include making better decisions, making fewer prediction errors, and enjoying more creativity. Keep reading to learn more about what

How to Save Money for College: Mutual Funds & More

How to Save Money for College: Mutual Funds & More

Do you have a plan to pay for your child’s education? What option is best? Paying for your child’s education likely will require advance planning and many years of investment. In The Wealthy Barber, David Chilton recommends having a mutual fund for this purpose. He discusses the advantages and the timing for when to redeem the funds. Read more for advice on how to save money for college.

Why Independent Thinkers Can’t Be Taken by the Devil

Why Independent Thinkers Can’t Be Taken by the Devil

What kind of person does the devil target in particular? Who’s in a better position to resist the devil’s influence? If you aren’t in control of your own life, the devil is happy to assume that control for you. That’s the view of Napoleon Hill. In his book Outwitting the Devil, he discusses how independent thinkers can resist the devil far more easily than passive people who just drift through life without minds of their own. Read more to learn what independent thinkers are like and how this makes them stronger.

How to Live Within Your Means: 6 Tips for Saving

How to Live Within Your Means: 6 Tips for Saving

Do you spend more than you make? How much credit card debt do you carry? Do you have an emergency fund? A great way to save money is to live within your means. David Chilton, the author of The Wealthy Barber, says that living within your means doesn’t have to mean careful budgeting. If you implement big-picture financial planning, day-to-day spending choices like whether you buy coffee or order take-out don’t matter too much. Keep reading for advice on how to live within your means.