Displaying the most recent of 74 posts written by

Vik

How My Friend Made $50,000 in a Single Week

A few months ago, I was having dinner with Mark (that’s not his real name), a friend who had recently started an online marketing business in San Francisco. When I asked him how he was funding his new venture, he said “Vik, you’re not going to believe this story…” Rewind to November of 2009. A [...]

Sit Back, Relax, and Watch The Money Roll In (Finish)

Passive income. Ah, those two magical words that sound so sweet, and yet are so hard to achieve… Passive income is everyone’s dream scenario. We are free to pursue our life’s passions – whether that is traveling the world, pursuing a hobby, or spending time with our family – while money continues to roll in [...]

Income 101: A Blueprint to Maximizing How Much You Make (Finish)

(Picture Here) The “80-20 Rule” And How It Applies to Making More Money Hundreds of years ago, an ancient Italian economist had an idea. Throughout his life he had observed that 80% of the land in Italy was owned by 20% of the people. One day, as he was gardening, he noticed something else: 80% [...]

How To Profit From The Greatness Of Others

I was recently watching a Warren Buffett interview, and one quote really stuck out: Ok, maybe Buffett is being a little too modest, but he makes a good point. Talent cannot succeed without resources, so if we don’t have the talent, we can make a really good living by investing in those who can do [...]

Harsh Realities Of Business

Sexy Businesses Aren’t Actually That Sexy Five years ago, a small social network called Facebook started to gain a lot of traction. Around the same time, MySpace was sold to News Corporation for nearly $600 million. All of a sudden, lots of entrepreneurs and investors were pouring their time and money into social networking. After [...]

Ways To Increase Your Powers Of Persuasion

Reciprocation. People have a natural sense of “fairness” – if I receive something from someone, I should repay them in some capacity. This makes it harder for people to say “no” to a request after they have already received something of value. For example, the American Disabled Veterans organization sends out mailers asking for donations. [...]

How To Save Lots of $$$ Without Changing Your Lifestyle

Focus on the Big Wins One the main themes in Ramit Sethi’s popular blog “I Will Teach You To Be Rich” is the idea that you should focus on the big wins. In personal finance, that means that you’ll save the most money by cutting back on a few big expenses rather than trying to [...]

Eight Small Steps to Move Outside Your Comfort Zone

A few weeks ago, I was at a conference when I struck up a conversation with an older businessman. As we talked about the economy, I mentioned how it was really important for people to constantly adapt in an ever-changing world. The businessman turned to me with a surprised look. “I’ve been with my wife [...]

Lose the Jerks

I recently got this e-mail from a good friend: “Hi Vik. I need a bit of advice. I have this co-worker who is a total jerk. He keeps bad-mouthing me and generally gets in the way of my productivity. I’ve made some efforts to fix the situation; after all we’re supposed to be helping each [...]

Crawl Before Walking, Walk Before Running

A few years ago, a good friend of mine set a New Year’s resolution of getting in shape. He was planning to hit the gym at least five times a week. On January 1st he went to the gym and worked out hard for two hours. The next day he was extremely sore, but he [...]