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Enduring the down economy

I'll confess, that now, as we are easily in the midst of a down economy (some would say we're coming out of it), it is easy to become somewhat down. For me, this has not been a simple matter of just putting my head down and becoming more of a hard worker. Instead, this has made me realize a few things. Perhaps you have had these observations as well, in which case this will be somewhat of a confirmation of your ideas. First, this economy hurts more than just the people who have lost their jobs. In many ways, this down economy hurts the people who still have jobs in several ways. First, in families that are usually dual income homes, there may be a sole bread winner now. This adds to the stress for that individual where there is fear that there could be a job loss. Second, in all situations, there are people who are still working at some companies where there have been layoffs etc. As a result, there is just as much work but fewer people to do it. In fact, due to hiring freezes ...

Making a Million -- the Hard Way

Many of us dream of being millionaires. And although we are in an age in the United States where a million isn't "what it used to be", we still find ourselves dreaming of the possibilities that our lives would hold if we somehow came into that kind of money. And is the opportunity going to be made even easier by new legislation to allow online gambling? Now when I said "The Hard Way" here in the title, I don't mean working, at least not in the typical sense of being a CEO or marketing exec who grinds out 12-14 hour days, or being a salesperson who is a perpetual road warrior. Instead, I am talking about taking big risks. Since it is Friday, I figured that I would take a moment to highlight one of poker's newly recognized players: Joe Pelton. http://en.wikipedia.org/wiki/Joe_Pelton He is an avid amateur player who has made just shy of 2 million dollars in the past six months, mostly on two tournaments played in 2006 where he had breakout performances. Am...

Everything I know about Investing I learned from Texas Hold'em

Ok ok. Its not entirely true. Lately I've been playing quite a bit of poker online. Although I've played cards for over 20 years (poker for many of them), I've just recently fallen back into poker. Just with fake money, but I've been doing rather well. I like poker quite a bit because of the social aspects as well as the mathematical aspects of it. Since I am naturally drawn to numbers, statistics, logic, etc, it is not a big shock that I find poker...Texas Hold'em in particular to be so much fun. But when it comes to keeping your mind sharp, especially when it comes to investing I find that Texas Hold'em does a great job: -- Texas Hold'em Poker forces you to think quickly about your chances of winning the hand. Being quick-witted is a skill that is useful almost everywhere in life. -- Texas Hold'em Poker forces you often to be patient and wait for the right opportunity. Players that don't do this are considered loose or live and will lose most (if ...