by elmads Introduction Is your life today a by product of your destiny or because of your choices? Are your choices destined to happen, or were they due to your free will? Thoughts that occupy my mind and maybe yours as well. If destiny holds our lives, then why do Read more…
by elmads Introduction “Wealth is the ability to fully experience life”. —Henry David Thoreau There was a time when Bill Perkins, an American hedge fund manager and film producer, didn’t know what to do with his life. He got his engineering degree from the University of Iowa, yet he did Read more…
by elmads Introduction The railways were one of the most important innovations of mankind during the industrial revolution. In a time where automobiles and trucks were not yet invented, the railway was the fastest mode of transportation, not just for people but also for raw materials and goods. This aided Read more…
by elmads Introduction Our personal financial free cash flow is the amount of money that can be used for saving, investing, and leisure purposes. The narrative changes if a person allocates his or her free cash flow to generate more money in the future, because that compounds the reinvested capital Read more…
by elmads Introduction Most people, if not all, want a comfortable financial life. Comfort in the sense that our finances have the capability to cover our necessities of life and still have the excess cash that can be used for leisure. The question here is: what is the comfort number? Read more…
by elmads Introduction The rate of the current US Treasury bond, also known as the US Government bond, is an integral part used by most investors worldwide in their discounted cash flow model—projecting an asset’s cash flow in the future and discounting it in today’s value—which is to know the Read more…
by elmads Introduction Investing has been getting more traction now than before. This is also partly thanks to the internet and social media, where information travels faster and is easier to acquire. People are starting to turn their attention on the concept of investing—employing their own money to make money Read more…
by elmads Simple and Compound Interest Using Bank Savings Accounts In a bank savings account, specifically a fixed-rate savings account for more than a year, do you think you are really receiving the actual annual deposit rates that the bank states in their terms and conditions? Clearly not, because taxes Read more…
by elmads Introduction “To me, saving was as natural as breathing: I knew when I saved $10, I was really saving $100 or $1,000 because of the future growth”. —Charlie Mungers In my previous blog “A Dollar Today is Worth More Than a Dollar Tomorrow – The Time Value of Read more…
by elmads Introduction The time value of money is a financial concept that explains that every amount of money that we receive, save, and invest has a corresponding opportunity to grow more in the future. Let me give you an example. Let’s say you have $1,000 right now. What can Read more…