business terms
What Do Socks and Stocks Have in Common?
This morning I received an email from FirstLadyMaven with a link to an article on Freakonomics. I was initially drawn in by the intriguing title, but later found myself disagreeing with the author’s connection between socks and stocks. Here is a excerpt from the article (Click on the link above to read entire article):
“Stocks, [...]
The Examination of Income (Part 1)
It has been said that, “The wealthy earn 70-100% of their income from their assets, while the poor and middle class only earn 0-30% of their income from their assets.”
After reading this statement I automatically realized that if I want to become wealthy, I have to acquire more income generating assets. I know that seems [...]
How many zeros in a Billion?
“A billion here, a billion there; pretty soon you’re talking real money.”
- Everett Dirksen
Right now the government is spending about a billion dollars every 8 hours! I thought about that for a second and still could not imagine how much buying power one would have. So to help me better understand the concept [...]
Is Your Banker Lying to You?
“When your banker tells you that your interest rate is 8% per year…is it really?” I found out it’s not if you learn to read the numbers.
Let’s say you buy a $100,000 home, make a down payment of $20,000 and borrow the remaining $80,000 at 8% interest with a 30-year term from your bank. [...]
Origin of “Mortgage”
The term “mortgage” comes from the French word “mortar” which means “agreement until death.”
The Rules of the Game
The name of the game of capitalism is “Who is indebted to whom?” The more people you are indebted to, the poorer you are, and the more people you have indebted to you, the wealthier you are. That is the game!
