100 Words On: Why You Don’t Need an MBA to Manage Your Finances

Never assume that just because a person holds an MBA, he knows how to run a business; the road is littered with MBA-sporting CEOs who ignominiously drove their companies into the ground. Conversely, there are just as many CEOs — guys like Microsoft’s Bill Gates and Oracle’s Larry Ellison — who achieved phenomenal success without the fancy business school sheepskin.

The bottom line: If guys like Gates and Ellison can successfully

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100 Words On: The Most Valuable Subject Taught In Grade School

If you’re looking to earn the biggest annualized net return on your college investment, studies consistently show that your best bet is via a science- or math-based technical degree. With that in mind, one would assume science or math is the most valuable subject taught in grade school. Not true; it’s English. Especially when you consider that our customers, bosses, and colleagues often gauge our competence and evaluate our work based

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100 Words On: A Surefire Way to Teach Kids the Value of Money

One of the more difficult jobs any parent faces is teaching their kids the value of a dollar. Sadly, some kids never learn that money doesn’t grow on trees.

It may seem cruel, but parents who aren’t afraid to let their kids spend their money on ill-advised purchases — especially those with limited shelf lives — are actually doing them a favor. Experience is a terrific teacher and, with

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100 Words On: Why A Home Shouldn’t Be Considered an Investment

It’s often said that a house is our biggest investment, yet the primary function of any house is to simply provide us with a place to live. Yes, handsome gains can be had for those with good timing. However, as investments go, houses rarely match the long-term returns of stocks. And most people forget that property taxes, maintenance costs, insurance, and even real estate agent fees eat into those returns.

The

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100 Words On: Why Excessive Debt Leads to Indentured Servitude

Taking on excessive debt — and continuously spending more than you earn — greatly reduces the wealth you can accumulate down the road. As a result, your options in the future become greatly diminished because you are essentially spending tomorrow’s wages today. In short, accruing excessive debt can severely limit your choices in life as you get older, thereby making you an indentured servant to your lenders.

The bottom

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100 Words On: Why Not All Debt is a Four-Letter Word

Not all debt is bad. Debt is generally okay whenever it is used to buy something that may increase in value. For example, going into debt can make perfect sense when you’re trying to start a business, or expand an existing one. Very few people can save enough cash to buy a home in a realistic amount of time without a home loan either. And an education loan can be considered

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100 Words On: A Guaranteed Way to Preserve Your Wealth

Fiat-based paper currencies facilitate commerce by acting as a medium of exchange that’s far preferable to bartering. Unfortunately, governments that wish to spend beyond their means can — and do — print fiat with impunity, thereby leading to chronic monetary debasement that can wipe out savings and even disrupt societies. On the other hand, gold and silver pay no interest, but they have no counterparty risks either; that makes them trusted

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100 Words On: One of the Biggest Mistakes a Household CEO Can Make

It’s been said that failing to plan is planning to fail — especially with respect to personal finances. And although you may be prepared, one of the biggest mistakes any household CEO can make is to abandon their financial plan during extended periods of good or bad fortune. Why? Because, for those who lack the discipline to stay the course, raw emotion may erroneously trump the sound reasoning that was previously

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100 Words On: Why It's Not Poor Etiquette to Put Ketchup on a Hot Dog

There are plenty of food snobs out there who insist that it is sacrilegious to put ketchup on a hot dog. That assessment is echoed by The National Hot Dog Council which proclaims that ketchup should never be put on a hot dog by any one over the age of 18. I find it deliciously ironic when people insist that something as gastronomically unsophisticated as the common hot dog can somehow

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100 Words On: Why Time Is More Valuable Than Money

Although you’d never know it based upon the ways people treat time and money, the former is significantly more valuable than the latter because our life here on earth is finite. Yes, time is free; ironically, it’s also priceless. That’s because we can always make more money — but there’s nothing we can do to buy more time.

The bottom line: Treat your time with the same care and consideration you

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