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Tuesday, July 9, 2013

A video Tribute to Reginald Lewis

Mr. Reginald Lewis orchestrated some of the largest deals in history during the 1980s. His book, "Why Should White Guys Have All the Fun", explores his life and his success as a Wall Street financier. This video is a tribute to him as he died way too soon. RIP Mr. Lewis.

Cash Flow: One of the Secrets in Building Wealth

Mr. Robert Kiyosaki, author of the best selling book, "Rich Dad/Poor Dad", discusses one of the secrets to building wealth: Cash Flow. He also breaks down the difference between an Asset vs Liability.

Thursday, July 4, 2013

Broken Window Fallacy: How Destruction does not Build Wealth

The Broken Window Fallacy was originally presented by Frederic Bastiat. Bastiat was a famous French essayist, economist, thinker and a champion for freedom back in the 1800s. Many have believed that simply violating personal property, yields to greater economic growth. As this video displays, it does not. In fact, it hurts society and individuals ability to accumulate capital to help fuel economic growth.