Today I saw a child that reminded me of how life should be...pure happyness. [Yes, the 'y' is meant to be in there. If you don't know why it's there, do some reading on Chris Gardner.] This child, maybe 3 or 4 years old, was walking through a parking lot with his father telling anyone within range of his voice that he had a bag of chocolate chip cookies. Remember when life was that simple and a couple cookies could make your day?
But the reality is that adults have jobs and bills and investment portfolios and taxes and bills. Oh, and maybe even kids...you know, the ones that like chocolate chip cookies. After seeing this young buck in all his glory, I started to think about what I was going to work on that night to get my own bag of cookies...maybe not immediately but soon!
So ask yourself, are you as happy as this cookie monster? If not, maybe you should start making your tomorrow today so that you can get some chocolate chip cookies too.
8.26.2009
8.13.2009
Einstein's Interest
Many of you have probably heard an excessive amount of quotes from Albert Einstein. I even included one beneath my senior yearbook picture in high school. At the time, I felt that the world would be better off if people worked hard and minded their own business a little more. Kudos to you if you know that quote. Anyway, one of the more common quotations that I thought to be surprising, coming from a physicist, was the following:
"The most powerful force in the universe is compound interest."
No disrespect to Al, but finance, really? Shouldn't he have been continuing to discover much more complicated things than compound interest? Don't waste time thinking about interest...He needs to find out that E equals M multiplied by C squared! Yes, I understand that physics involves many topics covering forces, their power and many other topics that I do not remember from Mr. Freyer's second period lectures...but I still see this as a financial topic.
Having said that, Einstein is exactly right in saying that compound interest is a powerful thing but I think he is limiting himself in his definition of the most powerful force. Compound interest is great but it is only one type of a wonderful, profitable thing called residual or passive income.
"The most powerful force in the universe is compound interest."
No disrespect to Al, but finance, really? Shouldn't he have been continuing to discover much more complicated things than compound interest? Don't waste time thinking about interest...He needs to find out that E equals M multiplied by C squared! Yes, I understand that physics involves many topics covering forces, their power and many other topics that I do not remember from Mr. Freyer's second period lectures...but I still see this as a financial topic.
Having said that, Einstein is exactly right in saying that compound interest is a powerful thing but I think he is limiting himself in his definition of the most powerful force. Compound interest is great but it is only one type of a wonderful, profitable thing called residual or passive income.
8.09.2009
Welcome
Welcome to the FinancialEyeQ blog! There will be more info to come while this gets started but thanks for checking us out.
The current recession, and primarily the loss of many jobs, has helped to show that we cannot be dependent on anyone for our financial future. Not companies (Ex. AIG), not the goverment (Ex. Social Security troubles), not your investment advisors (Ex. Bernie Maddoff)...no one.
If you are looking for more in this area of life, then maybe it is time to open your eyes, see things in a different way and increase your Financial EyeQ.
The current recession, and primarily the loss of many jobs, has helped to show that we cannot be dependent on anyone for our financial future. Not companies (Ex. AIG), not the goverment (Ex. Social Security troubles), not your investment advisors (Ex. Bernie Maddoff)...no one.
If you are looking for more in this area of life, then maybe it is time to open your eyes, see things in a different way and increase your Financial EyeQ.
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