By Garrett Gunderson We only make exchanges when we value what we’re receiving more than we value what we’re giving away. Economics is the science of the efficient allocation of resources. Through free exchange, all resources—material and otherwise—end up in the hands of those who value them the most, and those who value them the most will … [Read more...]
How Living Soul Purpose Helps You Prosper
April 4, 2011 by Leave a Comment
By Steve D'Annunzio “What you leave behind is not what is engraved in stone monuments, but what is woven into the lives of others.” -Pericles How does Soul Purpose tie into greater prosperity? First, understand that prosperity is not something you possess. It is a state of being. It is living the happiest, healthiest, and most fulfilling life … [Read more...]
A New Look At Employment
March 25, 2011 by 1 Comment
By Oliver DeMille For decades the waves of history have moved paid work in the direction of increased specialization. A natural result of this trend has been the rising role of experts, along with what can be called superspecialization. As technology has kept pace with and benefitted from this development, our technological abilities have … [Read more...]
Focus on Terms Not Price To Prosper
March 17, 2011 by Leave a Comment
By Garrett Gunderson In any transaction there is price and there are terms. For example, the price of a home might be $300,000. If the sellers want cash at closing and will not consider negotiating on other terms, you must either come up with $300,000 cash or secure a mortgage to purchase the property. If you were to get a mortgage, the … [Read more...]
Financial Velocity Trumps Compound Interest
March 9, 2011 by Leave a Comment
By Garrett Gunderson You’ve heard of compound interest being “miraculous,” but what is it? Compound interest is the concept of adding accumulated interest back to the principal, so that interest is earned on interest from that moment on. For example, suppose you owe someone $1,000, with an annual interest rate of 12 percent, for a monthly … [Read more...]
The Presidential Election of 2012, Part 2: Putting Aside Partisanship
February 25, 2011 by Leave a Comment
By Oliver DeMille This is Part Two of a two-part series. Read Part One here. Away from Arrogance With a Republican House, we now get to see if President Obama is only ideological (as some people claim) or if he has the ability to be a pragmatist. It is possible that President Obama is a pragmatist, but that he simply believes his own … [Read more...]
The Allegory of the Fishermen
February 21, 2011 by 2 Comments
By David Grant In a small village in Scotland a lake that was previously void of life was found to have fish. Several entrepreneur/fishermen launched fishing businesses to take advantage of the rich natural resource. The first few businesses to launch made enormous amounts of money which caused more entrepreneurs to test the … [Read more...]
Reduce Expenses or Increase Production?
February 15, 2011 by 1 Comment
By Garrett Gunderson Most accumulation-based books and advisors teach you to decrease your expenses as much as possible in order to save more money for retirement. There is definitely merit to decreasing expenses, especially in a consumption-driven culture where most people are borrowing to consume. But I generally take issue with how … [Read more...]
Why We Are Still in a Recession?
February 14, 2011 by Leave a Comment
By Oliver DeMille “Why was it that scientists were so excited to discover facts that farmers had known for generations and generations?” —Brandon Sanderson, The Way of Kings The Wisdom of Crowds or Crowns? There is a technical definition of economic “recession,” but many Americans don’t know exactly what it is. Nor do they accept the experts’ … [Read more...]
The Enlightened Entrepreneur
January 27, 2011 by 2 Comments
By Steve D’Annunzio The Constitution of the United States does not guarantee us freedom and prosperity; it merely provides us the opportunity to pursue those ideals. Each individual is responsible for securing their own freedom and prosperity. The best way to achieve this is by enlightened entrepreneurship. Free enterprise is a system of … [Read more...]
