By: Roshawn Watson Do you like to lose? Me neither. That said, sitting out the game because of the possibility of a loss is not a good strategy either. Our experiences shape who we are. By eliminating the possibility of failure, we may be shielding ourselves from the very adversity critical to experiencing serendipitous success,… Continue reading The Price of Eliminating Failure
Month: June 2012
Stolen Life
By: Roshawn Watson Increasingly, retailers, movie studios, and home improvement chains have been whining about Generation Y. “Generation Y won’t go to the movies.” “Generation Y won’t buy our [overpriced] labels.” Generation Y “is to blame for our crappy sales.” Huh?!? First, the notion that businesses feel entitled to the Millennials’ money is borderline comical. Calling… Continue reading Stolen Life
Uncommon Money News Round Up: “Alledgedly Fake” House Hunters Edition
By: Roshawn Watson Although I rarely catch an episode now, my wife and I have watched countless episodes of HGTV’s House Hunters over the years. Now, I know reality TV is a misnomer, but for some reason, I didn’t think a show about families searching for their next home needed to be staged. Forgive my… Continue reading Uncommon Money News Round Up: “Alledgedly Fake” House Hunters Edition
The Art of Doing Less
By: Roshawn Watson One of the reasons that the rich get richer is because they are proficient in doing more and more with less and less. Their ability to extract the best out of their portfolios, businesses, and other assets, even in cases of limited capital, speaks to their mental leverage and ingenuity. I find… Continue reading The Art of Doing Less
Trickle-Down Consumption: Do The Rich Cause The Non-Rich To Overspend?
By: Roshawn Watson Versace, Manolo Blahniks, Christian Louboutins, Jimmy Choos, Tiffany’s, Bergdorf… oh my! We’ve been indoctrinated with a culture of excess. “Everything,” or at least everything “worth” talking about, is glamorous if you are to believe the ads on TV, a sampling of popular shows, and many of the songs on the radio. Even if… Continue reading Trickle-Down Consumption: Do The Rich Cause The Non-Rich To Overspend?