Reference library exploring leadership & human performance

Tag: Money Page 2 of 5

Live in a Beautiful Place and Do What You Love

The Power of Money

How the Rich Get Richer

How the Economic Machine Works

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.

The Orderlies Who Bought The Hospital

by Jay Abraham

Orderlies buying a hospital?

I do need to tell you they were actually two gentlemen going through med school who intended to become doctors and during the time that they were in that process, they worked at a hospital as orderlies to pay for school.

Here’s what they did.

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

How The Economic Machine Works

One of my favorite subjects at school was economics.

Understanding how the economy works is the foundation of creating your own financial success because we operate in a subset of the world, regional, national and local economies.

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