Sunday, October 13, 2013
Selling drugs is very dangerous and pays very little
When new opportunities open up we are too conservative to take advantange. You have to have a niche and market attention to defend it.
Friday, November 18, 2011
Macro-economics vs. Micro Economics
Macro economics is is the economic activity of large numbers of poeple together such as a state, region or nation.
Micro economic is the economic actions of individuals and businesses.
Most of the book is about macro-economics
Micro economic is the economic actions of individuals and businesses.
Most of the book is about macro-economics
Sunday, November 13, 2011
Friedrich Hayek
is best known for writing on free market economics or liberitian economics. Liberitians want few or now rules on capitalism or business. They believe the market is always the best way to allocated resources.
Saturday, October 22, 2011
Money and Banking
Banks and their role in the Economy
What is a bank
where did banks come from
History of Banks
Famous Black Banks
What is a an investment bank
Banks have been around since the middle ages.
Banks role in the Economy
Historically banks have provided two services:
The have provided a secure place to save money (physical security) and later (government backed security against failure) and they have transferred the savings from individuals to investments in business and home mortgages.
All of that changed in the 1980's with the repeal of the Glass-Stegall law.
v2
What is a bank
where did banks come from
History of Banks
Famous Black Banks
What is a an investment bank
Banks have been around since the middle ages.
Banks role in the Economy
Historically banks have provided two services:
The have provided a secure place to save money (physical security) and later (government backed security against failure) and they have transferred the savings from individuals to investments in business and home mortgages.
All of that changed in the 1980's with the repeal of the Glass-Stegall law.
v2
Sunday, October 2, 2011
How can I get rich ?
The short answer is you can't get rich quick. But you really can get rich over the long term though a lot of hard work. Actually, it is more work than most of us are willing to do.
If you want to get rich, basically, you need to get a college education in a field with above average salaries(doctor, tax lawyer, entertainment lawyer or accountant, engineer), save your money, and invest in real estate for about 30-40 years. If you want it quicker work a second job. Also, you must live cheaply compared to your friends.
I personally, know four people who have succed this way. All are paper millionaires. One own about 20 properties in Virgina. Another has a stock and real estate portfolio of 500K. A third owns three houses in CA. And the fourth won't tell me, but has the money.
Now, the program may work, but how many people are willing to do that.
But the real question for the rest of use is can live a confortable, happy, safe life.
You can actually get rich but it takes a long
If you want to get rich, basically, you need to get a college education in a field with above average salaries(doctor, tax lawyer, entertainment lawyer or accountant, engineer), save your money, and invest in real estate for about 30-40 years. If you want it quicker work a second job. Also, you must live cheaply compared to your friends.
I personally, know four people who have succed this way. All are paper millionaires. One own about 20 properties in Virgina. Another has a stock and real estate portfolio of 500K. A third owns three houses in CA. And the fourth won't tell me, but has the money.
Now, the program may work, but how many people are willing to do that.
But the real question for the rest of use is can live a confortable, happy, safe life.
You can actually get rich but it takes a long
Friday, September 30, 2011
Monday, September 26, 2011
Supply and Demand
At the heart of economics and Black Economics is the idea of supply and demand. In free markets, the price accurately reflects what people are willing to pay. For example the retail gasoline market is a relatively free market. There are lots of competitors. No one gas station or retailer controls more than 20% of the market. The largest retails gas company is XXX. Their are lots of buyers.
As the price rises the demand for gas falls. It falls for two reasons. People have fixed incomes, say $100 a months for gas, so if the price rises that can afford less gas. Second reason is that people substitute other things for gas, like walking, taking the bus or staying at home and watching TV.
The same thing happens when the price falls. When the price of cantaloupe at the market is $1.00 instead of #2.00 I buy twice as much for the same amount of money.
As the price rises the demand for gas falls. It falls for two reasons. People have fixed incomes, say $100 a months for gas, so if the price rises that can afford less gas. Second reason is that people substitute other things for gas, like walking, taking the bus or staying at home and watching TV.
The same thing happens when the price falls. When the price of cantaloupe at the market is $1.00 instead of #2.00 I buy twice as much for the same amount of money.
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