Showing posts from 2016

Achieving Financial Freedom + Greater Free Time- Simple Strategies

I was speaking to a friend today who finds the accumulation of money a touch mystifying. He wondered why I had the ability to travel as frequently as I do, and asked me if I had any tips.  Believing the information applies to everyone, from every country, I thought it would be beneficial to use the magic of the internet to distribute. (to that end, if you feel someone would benefit, you're free to re-share).
First off, like most of us, upon graduating college I had nothing in the bank. True, I did not have student loans, but I started from essentially zero. Here are my strategies for building a nest egg.  My Goal was Freedom of time.Material objects mean very little to me beyond the basics. As of this writing I drive a 12 year old Prius, live in a cheap apartment (relatively speaking as it is in a nice area of LA) and really the only thing I splurge on is the occasional last second airline ticket.  When my friends ask me to consult, to "Richify" their life, I divide our plan…

Time To Sell United Airlines! Management is Destroying the Brand

Management’s overarching goal should be to maximize profits. It’s my belief that United Airlines is doing a fabulous job of this! Why then would I advise you to sell the airline’s shares which currently trade at 3 times earnings? 
Warren Buffett advises owning a company with great management. Invest in them, then leave them free to do their thing. In fact, Warren recently stated that one of the mistakes he repeats over and over is “not being willing to pay a premium for a company with great management.” In other words, he regrets being cheap and not being willing to pay a premium for well run companies.
But wait a second, aren’t you saying that United is doing a great job maximizing profits? And trading at 3 times earnings. What gives man? Why am I confused? Okay, let’s break this down into two parts.
Cheap Price to Earnings
Airlines earnings are very cyclical, and are especially correlated to fuel prices. Right now the airlines are reaping in profits as oil has dropped precipitously fro…