Reference library exploring leadership & human performance

Category: Money & Wealth Page 2 of 5

How the Rich Get Richer

The Greatest Economic Lesson

Spend Money on Experiences

How the Economic Machine Works

How Much Did They Pay You To Give Up on Your Dreams?

Using Leverage to Speed Up Your Success

This video is based on Marshall Thurber’s theory of Network Science. If you don’t understand the principle of leverage, you work too hard.

Be sure to read this post on Key-Leverage Points.

Consumer Price Index 1775 to 2012

Big Mac Index

The Big Mac Index is published by The Economist as an informal and light-hearted way of measuring the purchasing power parity (PPP) between two currencies and provides a rule of thumb to see the relative cost of the same item in different countries.

If you want to buy a Big Mac, look how much it is in Switzerland compared to Egypt. How to use this? Think of retirement. If you are in the US with $1 take it to Egypt and it goes 3.5 times as far ($1 in the US is like $3.5 in Egypt).

(this post has been updated for 2021)

Global Inflation Rate 2010 to 2020

Based on the global inflation rate from 2010 to 2020, $1 in 2010 will be worth $.69 in 2020.

The below data is from the IMF, statista.

Statistic: Global inflation rate from 2010 to 2020 (compared to previous year) | Statista

Know Your Money Nomenclature!

If you were an architect or a doctor, you would know the nomenclature of architecture or medicine. If you are not a doctor, you would pick up some of the terminologies of medicine from your family doctor, the media or friends, however, you wouldn’t have a full command of it unless you were very interested and committed to years of study. Even within the field of medicine, there are specialties that have their own terminologies. Yikes!

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