How to avoid family fights about money
If you don’t want money issues to come between you and your family, it’s important to prepare yourself for them ahead of time. We’ll run through the primary ways money causes problems in families, along with strategies to ensure it never becomes an issue in your...
4 Misleading personal finance tips
Financial advice is everywhere, and some popular rules-of-thumb are so commonplace that we might not stop and question them. So just how reliable are these common financial tips? According to some experts, the answer is mixed. “Popular advice tends to be about doing...
Why most day traders end up losing money over time
The goal of trading is deceptively simple: buy low and sell high. Traders that manage to do that by correctly timing the markets will net a profit, and all they had to do, really, was press a couple of buttons on one of the many digital exchanges where you can trade...
The surprising business model of Alibaba
The company that would eventually blossom into Alibaba Group Holding Limited was founded on June 28, 1999, by Chinese entrepreneur Jack Ma in Hangzhou, the capital city of China’s Zhejiang province. The plan was to launch an online marketplace that could capitalize on...
The surprising business model of Costco
On September 15, 1983, Jim Sinegal and Jeffrey Brotman opened the first Costco location in Seattle. The concept, a membership-only store that sells goods at a discount, was borrowed from retailer Sol Price and his son, who ran a similar business called Price Club....
How Amazon made $200 billion a year in pure profit
In 1994, a successful but relatively unknown businessman named Jeff Bezos resigned from his position as senior vice-president of the Wall Street-based hedge fund D.E. Shaw & Co. when he learned that World Wide Web usage was growing at a staggering annual rate of...
The surprising business model of Zara
The COVID-19 pandemic has majorly disrupted offshore manufacturing. Overseas factory closures, a shortage of shipping containers, and labor shortages all came together to create the perfect storm. Now, more than two years into the pandemic, we’re still feeling the...
How do movie theaters make money?
In order to make money, movie theaters must do more than show entertaining movies. They also have to differentiate themselves from their competitors who are generally showing the same movies. As such, it’s no surprise that cinemas have evolved at a rapid clip,...
How to spot an investment bubble before it’s too late
The 21st century has already seen numerous economic bubbles, from the dot-com crash of the early 2000s to the 2015 Chinese stock market bubble. More recently, we’ve seen a lot of hype around concepts like tech, cryptocurrencies, and the metaverse that are now facing...
How to recession-proof your finances
In the wake of the COVID-19 pandemic, the stock market and economy seemed to continue stronger than ever for a while. Then, inflation started to soar. What goes up must come down, and now we’re being hit by a double-whammy of post-pandemic economic problems and new...
