Entrepreneurship Part II - Observations on ownership vs. working for others

Entrepreneurship Part II – Observations on ownership vs. working for others

By The Banker | Blog Posts, Personal Finance, Wall Street

This is a continuation of a theme started earlier, in this post On Entrepreneurship, Part I Founding an investment firm A friend from college once explained to me that, growing up, he didn’t realize his family was wealthy.  His dad worked at an investment firm, and they had a comfortable lifestyle, but my friend noted [&hellip

On Entrepreneurship Part I - Fixed Income vs. Equity or Salary vs. Ownership

On Entrepreneurship Part I – Fixed Income vs. Equity or Salary vs. Ownership

By The Banker | Blog Posts, Personal Finance

A salary is Fixed Income Earning a salary, working for someone else, is earning ‘fixed income,’ which means you hope it comes close to covering your lifestyle expenses.  Like all fixed income, however, it will be limited.  In the case of your salary, the limitation of your fixed income comes not from prevailing interest rates, [&hellip

On Cars Part II - Acceptable Price of a Car

On Cars Part II – Acceptable Price of a Car

By The Banker | Blog Posts

Please see my earlier post: Cars I – On Not Getting Fleeced Here’s several ideas that may help you pay the right amount for your car. 1.       Cars are not investments.  Unlike houses, cars only lose value over time.[1]  Cars are big consumer goods that depreciate quickly in value. 2.       As a result, all money [&hellip

On Cars, from 99% Invisible

On Cars, from 99% Invisible

By The Banker | Audio Posts

Speaking of cars, this is absolutely worth a listen.  Fascinating history of car/pedestrian relations.  Also, an absolutely fascinating insight into tactics that the gun lobby has adopted.   Post read (1365) times

On Car Buying, Part I - Not Getting Fleeced

On Car Buying, Part I – Not Getting Fleeced

By The Banker | Blog Posts, Personal Finance

I’ve been thinking lately about what we buy when we buy a car, and how to make the best personal financial choices when car buying. Can you buy your personality at the car dealership? From birth, until now, you have been taught that your car is your personality. Are you Ford Tough?  GM Patriotic?  Audi [&hellip