May
5
Why Generosity Creates Wealth Day 5: Making Money Through Branding
Filed Under The Bigger Perspective, Entrepreneurship, Relationships, Motivation & Purpose, Money | Leave a Comment
On my way home from a going away dinner for my supervisor today, I had a chat with my coworker as he drove me home in his car. Apparantly, they had some sales discussions with EBay about the product that we’ve developed at BEA (Aqualogic) a few months back. The negotations were intense, with […]
Apr
21
Why Generosity Creates Wealth Day 3: Generosity At Work
Filed Under Entrepreneurship, The Bigger Perspective, Relationships, Career, Motivation & Purpose, Money | 2 Comments
While the previous examples have all illustrated generosity by taking less than you normally do, this goal can also be accomplished by giving more than you are supposed to! The general point is that if the other person feels like he is getting a good deal, he’ll come back to you over and over […]
Apr
10
Why Generosity Creates Wealth Day 2: A Deal And A License Issue
Filed Under Entrepreneurship, The Bigger Perspective, Relationships, Career, Motivation & Purpose, Money | 1 Comment
Here’s a real world case study regarding a deal WM Media was in last year, in which generosity would have been the better road to go. I’d written about it previously in Seven Mistakes In One Day.
The Problem
In the deal, we’d acquired a website but without the license, which we’d understood would come […]
Apr
9
Why Generosity Creates Wealth Day 1: A Negotiations Class Exercise
Filed Under Health, Entrepreneurship, The Bigger Perspective, Relationships, Conciousness, Motivation & Purpose, Career, Money | Leave a Comment
As I racked my brain, it occurs to me that this isn’t the first time the taking less than your fair share concept has been encountered! It had made its first appearance in a negotiations class that I took in college.
The Negotiations Situation
Imagine there are three research companies A, B, and C. Because they’re […]
Apr
6
Why Being Generous Makes You Wealthy
Filed Under Entrepreneurship, The Bigger Perspective, Relationships, Conciousness, Motivation & Purpose, Career, Money | 2 Comments
Today, as I talked with my girlfriend, we came up with one of the most important concepts in my life that will probably make me happier and richer than anything else I’ve ever learned. I hope this idea is as inspiring to you as it was to me!
A Situation To Test Your Generosity
Imagine yourself in […]
Feb
17
How To Get Whatever You Want From Anyone
Filed Under Entrepreneurship, The Bigger Perspective, Relationships, Conciousness, Motivation & Purpose, Career, Money | 3 Comments
Getting What You Want
In How To Win Someone’s Heart, we looked at ways to secure the loyalty and trust of our fellow human beings. In this article, we’ll see how this concept applies more generally and from a more logical perspective.
Okay! We’ll get right down to it. Let’s say you’re walking around and there’s […]
Jan
28
$1000 returning 15%/year compounded over 50 years is $1,083,000.
$1000 returning 8%/year compounded over 50 years is $47,000.
That’s a difference of 20 fold, and is one of the key reasons why you should start saving money today. As you read this, you’re probably thinking, “Wow! I’d better learn to invest in stocks better!” That 7% could […]
Jan
16
How To Learn To Make A Good Investment
Filed Under Money | Leave a Comment
What do you do when you try to pick a stock in the stock market? Not knowing too much about it, you probably look around for information about the company. What does it do? How much revenue does it make? What does it make money from? What is its p/e ratio? Hours later, you […]
Jan
3
How Much Is Your Life Worth?
Filed Under The Bigger Perspective, Money | Leave a Comment
Recently, in my Stanford decision analysis class, I figured out how much part of my life is worth - about $500 million! Follow these steps and figure out how much you think your life is worth!
1) We’ll start by assuming that you are diagnosed with some disease. So umm… you’re dying! Good news though! […]
Nov
26
The PE Ratio
If you’ve ever tried investing in stocks, this is probably the first number people mention. If you pull up any ticker, like MSFT, you’ll see this number:
So what is it?
What Is The PE Ratio
On the surface, the P/E ratio is how much the company is currently worth on the market, divided by […]
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