Usefulness, functionality, appreciation or cash flow. All are worthy goals. Items for personal use, once paid off, go from assets with liabilities against them to pure assets. Yes, old, expended, or unwanted assets may be sold, repurposed, or donated. The value of assets may be determined in several ways. The most fun way is costContinue reading “BUY AND DON’T SELL WORTHWHILE ASSETS.”
Tag Archives: buy
ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED.
The lesson seems to be that our earliest work to earn money (in order to invest), our earliest attempts to reduce debt and taxes (and to use these savings to invest), and our earliest buying and holding of quality investments, are by far the most important effects for our long-term financial wealth. Charles Tadros, M.D.Continue reading “ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED.”
WHY ARE YOUR KIDS, YOUR SPOUSE, OR YOUR PARTNER NOT ABLE TO FIND ANYTHING WITHOUT ASKING FOR YOUR HELP? MAYBE IT’S BECAUSE THEY WERE NOT INVOLVED IN ONE OR MORE OF THE FOLLOWING: BUYING IT, USING IT, MOVING IT, FIXING IT, CLEANING IT, OR PUTTING IT AWAY. WITHOUT ACTIVELY PAYING ATTENTION AND HAVING RESPONSIBILY (with attendant consequences), SIGNIFICANT INFORMATION WILL NOT BE REMEMBERED.
Charles Tadros, M.D. August 29, 2021 Saint Louis, Missouri
ONE OF THE WAYS I HAVE COME TO TRUST VENDORS AND SALESPEOPLE IS WHEN THEY TELL YOU…
to think of the larger, more important picture and not just focus on their need to make the bigger sale. what may be a scam. what positive and negative features may benefit you, or important to recognize. what/when you do not need to buy. what costs too much for the value obtained. how to avoidContinue reading “ONE OF THE WAYS I HAVE COME TO TRUST VENDORS AND SALESPEOPLE IS WHEN THEY TELL YOU…”