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Who is Ted Weschler? Ted Weschler is probably one of the lesser known investors who have made significant gains in the stock market, for those who do know him he’s generally seen as the guy who works Under Warren Buffett at Berkshire Hathaway but he’s an elite investor in his own right. Perhaps this is why he’s often cited as one of the potential future CEOs of Berkshire (alongside Todd Combs) when Mr Buffett is…

Firstly, we are advocates of the FIRE movement but it’s proponents often think it is the be all and end all which might not be the case. FIRE stands for financial independence retire early, the idea is that you can follow the ‘FIRE method’ to save up and invest enough money to be able to live off your investment and retire early, whatever age that may be. We discuss some drawbacks of the FIRE movement…

We wrote an article previously on stealth wealth here, one of the biggest searches we get for the article is ‘stealth wealth cars’ so thought it might be good to write a separate article on the topic. What Makes a Good Stealth Wealth Car The most important point of stealth wealth is that people don’t know you’re wealthy, but there are other aspects to the concept as well. Often people try and achieve stealth wealth,…

You’ve got your first job after school or university and suddenly you’re thinking what are the chances I can earn six figures by the time I’m 30. There are obviously many factors at play to determine your earning potential and we discuss these below. It Depends Where you Live Your salary is often relative to where you live, if you go work in the tech industry at Silicone Valley then there’s a good chance…

This is a question we’ve came across many times, surely all smart people should be rich right? If you’re smart you can automatically get a good job, invest in financial markets because you understand them and retire on a beach at 35. Well not quite, perhaps being smart isn’t the cheat code to life we’ve all been made to believe. We discuss why smart people aren’t always rich below, although spoiler alert the ones who…

Consumerism seems to be a dirty word nowadays and it’s often associated with overconsumption and greed but is it really as bad as many make it out to be? Consumerism is the economic and societal way of understanding consumption of a country or area and it is often associated with capitalism. Consumerism can drive economic growth and boost innovation but many are worried about the environmental effects of consumerism on the planet as well as…

As I’m sure most insurance salespeople can attest, the general consensus is they’re often seen as not very nice people and are ‘ripping everyone off’. For many, insurance is an unnecessary expense that they don’t want to pay and constantly eats away at your salary, you have pet insurance, travel insurance, car insurance, life insurance and house insurance to name a few. You’re paying all of this and you’ve never made a claim so is…

If you’ve recently got into investing you’ve probably heard the term ‘dividend investing’ and maybe you’ve already done some reading online and found that people often write it off without giving it much thought. We discuss whether dividend investing is worthwhile or not below. What is Dividend Investing? Dividend investing is a strategy that involves buying companies that pay a dividend (usually paid each quarter). A dividend is when a company pays out a portion…

If you’ve started investing in the stock market you’ve probably heard the term intrinsic value. You may have even read or watched videos on YouTube on how to calculate the intrinsic value of a stock. It’s important to note calculating the intrinsic value is not an exact science and there’s often more than one way to skin a cat so to speak. We discuss the importance of intrinsic value to investors below. What is Intrinsic…

If you’ve finished school, you’re mid way through university or even finished university you might be considering an internship and even an unpaid one to gain that valuable bit of experience. You’re probably wondering if it’s worthwhile getting your foot in the door and getting some experience despite being out some time and money in the process. We discuss if unpaid internships should be legal below. If You’re Working you Should be Paid If you’re…