W. E. B. DU BOIS

“WE SHOULD MEASURE THE PROSPERITY OF A NATION NOT BY THE NUMBER OF MILLIONAIRES, BUT BY THE ABSENCE OF POVERTY, THE PREVALENCE OF HEALTH, THE EFFICIENCY OF THE PUBLIC SCHOOLS, AND THE NUMBER OF PEOPLE WHO CAN AND DO READ WORTHWHILE BOOKS.” (One does not have to believe or agree with every action or thoughtContinue reading “W. E. B. DU BOIS”

OFTEN, THERE IS MUCH MORE WEALTH IN SMALL TOWNS THAN ONE MIGHT EXPECT.

Yes, fewer expensive things to do, fewer events to attend, fewer shopping opportunities, but this means, less spending on frivolities. Smaller incomes, but also cheaper living expenses. Less competition to purchase local real estate. Less expensive labor and benefits costs. Easier to become involved in the local politics and policymaking which may affect your businessContinue reading “OFTEN, THERE IS MUCH MORE WEALTH IN SMALL TOWNS THAN ONE MIGHT EXPECT.”

THE TRUTH IS THAT A CERTAIN LEVEL OF SOCIAL STABILITY (decreased stress), INCOME (cash flow), AND WEALTH (assets) DO MORE FOR QUALITY OF LIFE, PUBLIC HEALTH AND LONGEVITY THAN OUR NEWEST AND MOST EXPENSIVE MEDICINES OR OUR FANCIEST MEDICAL PROCEDURES.

Charles Tadros, M.D. September 12, 2021 Saint Louis, Missouri

UNLESS ONE INHERITS MONEY OR RECEIVES A MONETARY GIFT, ALL CURRENT AND FUTURE PERSONAL FINANCES ARE DEPENDENT ON YOUR CURRENT INCOME.

A portion of current income generates cash flow used to pay current bills. A portion of current income is saved to pay for emergencies. A portion of current income is used to pay insurance premiums, which in turn, are used to prevent catastrophic loss of income and wealth. A portion of current income is investedContinue reading “UNLESS ONE INHERITS MONEY OR RECEIVES A MONETARY GIFT, ALL CURRENT AND FUTURE PERSONAL FINANCES ARE DEPENDENT ON YOUR CURRENT INCOME.”

ARE WE MORE LIKELY TO BECOME WEALTHY STARTING A BUSINESS OR INVESTING (and not knowing anything about that business) IN A HIGHLY VISIBLE, HIGHLY COMPETITIVE, HIGH GROWTH FIELD VERSUS WORKING A MORE “TYPICAL” JOB (or jobs), LIVING WITHIN OUR MEANS, AND AUTOMATICALLY INVESTING IN LOW COST, LOW MAINTENANCE S&P 500 INDEX FUNDS FOR THE LONG-TERM?

Charles Tadros, M.D. August 9, 2021 Saint Louis, Missouri

WITHIN FAMILIES, WHERE MEMBERS WORK TOGETHER TO INCREASE WEALTH, INITIALLY IT IS, “MY MONEY IS YOUR MONEY AND YOUR MONEY IS MY MONEY.” WHAT MAKES THIS WORKABLE IS THAT THERE IS GREAT RESPECT FOR HEIRARCHY, BOUNDARIES AND FOR THE SACRIFICES MADE. ALSO, PAYBACK, RETURNING THE FAVOR, OR PAYING IT FORWARD ARE OF THE HIGHEST PRIORITY.

Charles Tadros, M.D. June 1, 2021 Saint Louis, Missouri

THE DIFFERENCE BETWEEN RELATIVE AND ABSOLUTE…

YOU HAVE A PENNY AND SOMEONE GIVES YOU ANOTHER PENNY. YOU HAVE NOW INCREASED YOUR CASH BY 100% (i.e. doubled your money). WOW! THIS IS AN EXAMPLE OF A RELATIVE INCREASE. HOWEVER, WHEN YOU COUNT YOUR PENNIES YOU ARE STILL POOR. YOU ONLY HAVE TWO CENTS (i.e., ABSOLUTE INCREASE IN CASH), WITH WHICH YOU CANContinue reading “THE DIFFERENCE BETWEEN RELATIVE AND ABSOLUTE…”

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