This came to a climax when lobbyists (gee, I wonder who) convinced the neo-cons overseeing the SEC in '83 to allow unfettered stock buybacks by public companies.
#Mr money mustache shockingly simple math how to
Counselling companies on how to be more 'efficient', how to cut benefits and payroll, how to maximize lifespans of existing infrastructure (is it more cost effective to modernize or allow a facility/process to run until it rusts out from under), how to offshore labor, technology support and manufacturing, and how to use corporate resources to influence government regulation. McKinsey became the go-to corporate advisors for squeezing profits and redirecting resources to the shareholders alone. Prior to that, much of corporate culture considered all the stake-holders: the owners, management and the rest of the employee workforce, the customers, the vendors and the community.Ī consultancy called McKinsey ran with that idea, selling their opinions to receptive BODs and C-suite execs.
![mr money mustache shockingly simple math mr money mustache shockingly simple math](https://daddownunder40.files.wordpress.com/2019/09/mmmsimplemath.jpg)
Most companies started as someone’s basement or garage project, hobby, or passion.Ĭlick to expand.May I offer some historical perspective? This askewed disconnect began with the focused opinion theory of Milton Friedman, who promoted the concept that corporations have but one party to whom they answer, the 'owners'. Or do you want to build your own business? There is NOTHING as hard or satisfying as working for yourself – or a simple side-hustle. You can also learn a lot from your local ‘REIA’ group – a Real Estate Investment Association.
#Mr money mustache shockingly simple math free
For the curious, the free online resource called BiggerPockets is probably the first place to explore. Real Estate investing (buying, landlording, fixing-and-flipping and all of its permutations) can grow wealth. Either of these pursuits can greatly grow your wealth, and sometimes can be chased while working a W2 gig. There are two other broad categories of work and effort that isn’t paper: Real Estate Investing & Building Your Own Business. For folks with a W2 job, paper assets (broadly diverse ETFs, corporate and muni bonds, - all within tax-advantaged accounts like 401ks/Roths/HSAs or through discount resources like Vanguard or eTrade) are the low-hanging fruit of what you can do while employed by someone else.
![mr money mustache shockingly simple math mr money mustache shockingly simple math](https://i.pinimg.com/474x/2a/2b/4f/2a2b4fb9d3bc92780aedde853bd880bc.jpg)
Click to expand.Yes - disciplined and consistent behavior.