Work harder on what you believe — What you become is far more valuable than what you get. In challenging economic times, people are always looking for who to blame for their financial problems. And the media jumps on the bandwagon. They swiftly create an enemy to take all the blame. But you are 100% responsible for…

Fame translates to riches these days — The fastest business model online today is to become famous for something and then sell stuff to people who care about that thing. Oftentimes people ask me, “David, if you are rich why do you keep writing on Medium”. Well, there are several reasons. But the main one is that…

It’s definitely not fame or attention — Most adults would disappear into oblivion if they got $100 million. Many would rather have $999 million than $1 billion, to avoid public attention. And somehow they think the number one concern of super-rich people is how to get richer. They assume it’s because of greed. But super-rich people are…

The good news and bad news about the 2022 recession — I’ll judge myself first. I am not employed by any federal or state government. Neither was I ever employed by any. Am I totally neutral and have no bias? No. I am pro-capitalist economy, pro-rich, pro-market forces (to judge), and pro-individual ability to create their own fortune. There is nothing…

For small business owners who don’t want to stay small — You need to aim for $3m in revenue (in your business) to make your first million dollars. Overhead, payroll, taxes, and other business expenses are going to eat into 2/3rds of the money you generate. This is something I have had to come to terms with while studying businesses that…

The choice every person will soon have to make — The US government is doubling the size of the IRS by hiring nearly 87,000 people. And they are also trying to fight inflation (that was created by money printing) with more money printing (spending $433 billion to reduce their deficit by $300 billion). This is pointing to one thing. The…

I sent this text to 3 friends and this is what I learned — You will be surprised at the outcome of this. This is a raw psychological experiment at its best and the results are somewhat conclusive. Yes, there are several other factors at play but this test of giving and receiving will show you how to make people feel good about giving…

Choose this one thing over career — There is one thing you must consider and choose before going all-in on an entrepreneurial career. It might seem trivial initially, but it gets very important later in life. This one thing is the lifestyle you want. One thing led to another, and I was in a conversation to take…

Consequences of being able to print the global reserve currency — Most Americans have no idea about the economic situation of the world. It is one thing to see what is happening financially elsewhere, it is another thing to be able to explain it in monetary terms. There are no rich or poor countries in the real sense. Wealth is measured…