If I ask you: "what business is McDonald's in?" Then, I guess most people will say that McDonald's is in the fast food business; they sell burgers. Well, this is not entirely true. The most interesting thing I learned last year about finance and business was that a company can have a business that builds... Continue Reading →
Key takeaways: all investments come with risks;knowing the risk is essential for personal wealth;time can be your good friend in investment, so start early. When I was young, I thought investment was hard and it required specialised knowledge or a fancy degree to do. So, I didn't pay much attention to investment. At that time,... Continue Reading →
Key takeaways: rich people borrow money to make more money;poor people borrow money and spend it;always pay off your debts early and don't over borrow. If you borrow $100,000 with an annual interest of 3%, then by the end of the year, you will need to pay $3,000 interest. This makes your total debt to... Continue Reading →
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