Good Debt—Bad Debt

Key Takeaways

  • When it comes to taking on debt, always think about what it will give you in the end.
  • Fund appreciating assets; don’t fund instantly consumed or depreciating goods.
  • Credit cards are not evil if paid off in full. Loans for tuition, homes and businesses should help you build lifelong wealth if managed intelligently.

Cash Flow Clarity

Key Takeaways

  • Saving first and spending second is the habit that financially successful people of all ages have in common.
  • At the end of the day, cash flow is the difference between what you have coming in and what you have going out.
  • You want positive cash flow at all times in order to obtain favorable loans when you need them and to accumulate lifelong wealth.

Future Times

Key Takeaways

  • Innovations of the near future will dramatically improve our efficiency, longevity, connectivity and environmental impact.
  • These changes will require that we think differently about our health, our jobs and investment opportunities.
  • Tools of the future are likely to include drones, block chain, AI and VR. Get familiar with these technologies.

The Elephant Rider

Key Takeaways

  • Understanding the importance of emotion, structure and behavior is key to financial success.
  • The older we get, the harder it becomes to change our ways–and that includes our money habits.
  • In money, as with so many things in life, you need to combine motivation with the right direction and a clear path in order to make new habits stick.