Tag: Wealth creation

  • Giving it away

    I tithe. That means 10% of my income and capital gains is given away. That either occurs quarterly on trading income or on settlement for capital gains. I give sacrificially, if I don’t miss it I’m not giving enough.

    Why? Because I think my gifts make the world a better place. I also believe that it is the obligation of the fortunate to contribute to society’s less fortunate. I also get better results when I’m tithing to when I’m not. The evidence for that is anecdotal and without scientific verification.  ; ) 

    The main reason I tithe right now is to answer the following question. When is the best time to start giving your wealth away? If I can’t give sacrificially today while I’m building the wealth how will I give once I’ve made it? And how will I know when I’ve made it sufficiently to start giving?

    There is never a good time to start giving. Start anyway the discipline is worth it.

  • Psychology of the Deal

    Welcome to WealthEsteem — dedicated to the Psychology of the Deal.

    What does WealthEsteem mean to you?

    These are my musings on wealth creation, written during the quest for my second fortune. If my ideas work, great! See you in Monaco sipping Cosmopolitans. If they don’t, it’s a map of my folly. Hoist a cool drink to my memory and imbibe responsibly.

    For the record, I made my first fortune by the time I was 26 and lost it and more by the time I was 27. The details should emerge in the Diary as time goes on.

    I may publish a monthly newsletter. Subscribe to it by sending an email to [redacted] with “subscribe wealthesteem” in the body.