Feb
28
And Like That, He Was Back
February 28, 2007 | 1 Comment
Just like that, a month and a half since I left the world of gainful employment I will start at a new job in a Pre-IPO startup company (beginning of April 2007). So much for my self-employment trial, and I say that with sadness as I was already enjoying the fun of having my [...]
Feb
28
Book Review: Learn to Earn and Beating The Street
February 28, 2007 | 1 Comment
Peter Lynch is a great stock picker. He, like me, is also an advocate of early financial education for all American kids at school. I admire his knowledge and skill, even when his ego may be dangerously enlarged. Peter managed the Fidelity Magellan fund. Such fund was a wreck when he [...]
Feb
28
Book Review: The Big Money
February 28, 2007 | Comments Off
The Big Money: Seven Steps to Picking Great Stocks and Finding Financial Security from Frederick R. Kobrick.The book is about picking a few stocks that grow 10x or even 100x (10 or even 100 times) in value over the medium term. The rationale is that you only need a single investment of $10,000 on [...]
Feb
26
Networth Vs. Passive Income
February 26, 2007 | 1 Comment
One of the first things any person should learn is to track their own networth. Many people discover that when they subtract the sum of all their debts from the sum of all their assets, they end up in negative numbers. By just calculating this value many people end up changing their habits and [...]
Feb
24
Book Review: You Call the Shots
February 24, 2007 | Comments Off
“Entrepreneurship is more than a type of career; its a way of life.” and Cameron believes that “…anyone can do it. It’s never too early to start a successful business – and it’s never too late, either.”
Cameron Johnson is a prodigious kid that have started 12 successful business before he turned 21. He has served [...]
Feb
20
Setting Up a Corporation, Almost Overnight
February 20, 2007 | 2 Comments
There was a day when someone called me, in the middle of the night, to ask me if I would be willing to travel overseas to help him on a project where my skills may be needed: As Soon As Possible (that same week if it could be done). I understood the pain the person [...]
Feb
20
Incorporating… Too Many Options
February 20, 2007 | 4 Comments
To me, the main advantage of incorporating is to create a separate entity from my personal life. If my business really goes badly, then it will not destroy my life and that of the partners that may have joined me in my venture. There are mainly three options to do so:
C-Corporation
S-Corporation
Limited Liability Corporation (LLC) – [...]
Feb
20
Two Weeks Notice – Why?
February 20, 2007 | Comments Off
It is very common to think that when leaving a company you should give Two Weeks Notice. Some companies even make you sign papers expressing you will, although I have been fortunate not to face those types of contracts.I certainly think that a Two Weeks Notice gives the opportunity for the employer to ease some [...]
Feb
18
Employer Identification Number
February 18, 2007 | 1 Comment
A requisite for any serious business is to get a Federal Employer Identification Number (EIN). It is the business-world equivalent of the Social Security or Taxpayer Identification Number. You will need to use it to register tax payments of all kinds, including Social Security, Medicare, and Income taxes. Most importantly, you will [...]
Feb
16
Steady Job vs. Independent Consulting: Salary vs. Average Daily Rate
February 16, 2007 | 2 Comments
Is it better to be an employee or an independent contractor? There are many ways to answer this question, including some sense of security vs. freedom, guidance vs. creativity, and topics like liability, paperwork, taxes, and skills learned. In this article we want to discuss how much you should expect to receive [...]
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