In his bestselling book, “The Four Hour Work Week“, Tim Ferriss defines The New Rich as those who abandon the deferred-life plan and create luxury lifestyles in the present by harnessing the currency of the New Rich: time and mobility. This is an art and a science now commonly referred to as Lifestyle Design. To
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Finance
Cash Flow & The Golden Goose
Live off the eggs. Don’t kill the goose! When it comes to achieving financial independence, you must understand the difference between living off interest income and cutting into your assets/equity. Do you remember the story of the goose that laid golden eggs? On the brink of bankruptcy, a poor farmer and his wife found a very
Money & Probability
Probability is simply the likeliness of a random event occurring. In order to fully understand probability models in trading, it is important that you know how to calculate the basic probability of a random event. For this example, we will calculate the probability of flipping a head in a single coin toss. Probability of event =
The Edge
Your priority in trading MUST be capital preservation before profit. Every professional trader knows this and acts on this in his or her routine. The edge we trade is only slight… and as we teach in Lesson 10 – there is a fine line between pleasure and pain… A fine line between consistent profits and