Lessons from the 2008 Great Recession

1. Don't compromise on your standards just because you suddenly have more cash to play with. Banks started loaning money to people they normally won't because there was excessive funds, and bought insurance for these subprime mortgages to compensate. 2. Don't be greedy. AIG insured these mortgages but didn't have enough money to pay off…

$1.8 Trillion Dollar Bill to Salvage our Planet

Article from BBC on the estimated bill to adapt our planet to the effects of climate change. These include provisions for: 1. Warning systems 2. Infrastructure 3. Improving dry land agriculture 4. Restoring and protecting mangroves 5. Water What's well said about the report is that climate change is an international problem not limited by…

The 3 Ways to be a Millionaire

Even if being a millionaire is not one of your dreams, it doesn't hurt if you achieve it along the way in your life right? This video by proactive thinker shows the 3 ways which most people become millionaires. 1. The slow lane These are the people who study hard, graduate, get a job, work…

Value: Can Water be Worth More than Diamond?

A very informative TED-Ed talk about value and how we perceive it. The talk ends of talking about dominatin diminishing marginal utility, about how something gets less and less wanted as you have more and more of it. For example, your favorite food, such as fish and chips. You'll feel happy eating it every other…

The 8 Rules of Money

As expounded by proactive thinker in this video. 1. Money does grow in trees (Investments) 2. There is no limit to how much you can spend 3. Money is a lifelong game 4. Money won't solve your insecurities 5. Don't let anyone know that you have money 6. Greatest wealth transfers happen during crises 7.…