There are points in time when producers have pricing power, and there are other times when they don’t. This concept is known as demand elasticity. If something has elastic demand, companies can’t...
Not having a lot of debt, minimizing your exposure to risk, and having financial security are all ways to deal from a position of strength. Sure, having more money often helps, but not always....
There’s a lot of money out there. We have printed trillions of dollars. Let’s put it this way: There is no shortage of money. Really, there’s a surplus, and it’s not that hard to come by. You...
If you get into a top-tier school, like Harvard, you must go. But what about second- and third-tier schools? It’s not always a no-brainer based on the cost. Student loans can be crushing, and you...
There’s an old saying: “Nothing ventured, nothing gained.” If you want to make money, you must take the risk… because sitting idly and wishing to make money is not going to yield positive...