The world recently crossed a demographic threshold: as of mid 2008 more than 50% of the world’s population lives cities. Despite the Malthusian predictions of the 70s, the population of industrialized nations is decreasing — and the cities are the cause. Cities act as population sinkholes for one simple reason: babies are expensive.
In [...]
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The Motley Fool has an interesting article on how, if you are in your 20s, you can save 20,000 USD and through the magic of compound interest turn it into 1,000,000 USD by the time you retire.
[Click here to read The One-Year $1 Million Challenge]
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The Automatic Millionaire by Dave Bach is a little book with one big idea: you are too lazy to budget. Instead of planning a budget, you should automatically deduct savings and retirement from your paycheck. According to The Automatic Millionaire, this is the most fool-proof way to build wealth, and you’ll live [...]
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