George and Mary-Lynn

Tag Archives: assets

If Elvis was an Entrepreneur

The final chord was sung. The noise from the crowd became a roar. The lights came on. But there was still hope … still a chance that he might appear again. And then there was the voice, saying … ___

___ Elvis has left the building. You’re probably familiar with those famous words. ItContinue Reading

The Second Way to Create Wealth

When we think talk about capital for a business, we usually think about money. One timeless wealth-building secret is to use other people’s money, commonly referred to as OPM. The idea is to use a small amount of your own money, levered with a large amount of other people’s money. ___

___ The mostContinue Reading

How the Rich Make Money

The Federal Reserve recently published some new wealth data [PDF]. They looked at levels of net worth and the income associated with each. They defined net worth as total assets (including a primary residence) minus any money owed. You need a net worth of over $8 million to make the top 1%, $2 million getsContinue Reading

Make 55 Percent More Money – Part 1

We recently did a couple of posts about project selection – how to choose the projects that are best for you. First, we talked about knowing if you should invest your money in a project. Then we integrated the value of our time into the project selection methods. ___

___ Now we want toContinue Reading

Don't Show Me the Money

The List Universe recently published their list of ten lost rules of etiquette. The one that really got our attention was their #1 reason – talking about money and possessions. ___ ___ When it comes to money, the author says that a gentleman would never: Borrow from a lady Borrow from a man withoutContinue Reading

Don’t Show Me the Money

The List Universe recently published their list of ten lost rules of etiquette. The one that really got our attention was their #1 reason – talking about money and possessions. ___

___ When it comes to money, the author says that a gentleman would never: Borrow from a lady Borrow from a man withoutContinue Reading

Deep in Debt? Take These Drastic Steps

We’ve heard a lot of discussion about the toxic assets held by our financial institutions. Here’s what hasn’t been explicitly stated too often – in order for these financial institutions to have toxic assets, many of us must be carrying toxic debt. ___

___ We’ve seen government at all levels, corporations, and yes, individualsContinue Reading

Are You Throwing Money Away by Owning Your Home?

We all know that the three essentials for living are food, clothing, and shelter. We definitely rent our food. Do we rent or own our clothing? Hmmm. Part of the American dream is to own your own home. And there are good reasons to do so. For instance, a Federal Reserve study[pdf] shows that theContinue Reading

Before Going into Business with Friends, Consider These 8 Scenerios

One thing people often don't think about when going into business with a friend is the relationship itself. You’re going into business as friends. You want to remain friends. Business is full of surprises. Discuss the possible surprises upfront, before you mix friendship and business, so you can keep your relationship strong while you’re inContinue Reading

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