While you were sleeping

Vivian’s New Year's Resolution Vivian was helping his daughter with some math homework when he pulled out a sheet of scrap paper from his desk. It was mostly blank on one side but when he turned it over, he saw that it was a credit card statement from eight months ago. He noticed the last... Continue Reading →

You just gave away $31,000

How many times do you ask for a discount when buying something or eating out in a restaurant. Most people do not. Most of us do not realize that the easiest way for us to get a better deal is just by ‘asking’. If you think it’s embarrassing to ask for discounts, or for any... Continue Reading →

Being smart about costs – Part 3

The Eleventh Commandment My simple definition of an arbitrage is: 'A situation where we can enjoy absolutely the same value, but not have to pay the normal asking price'. I wrote about some such arbitrage possibilities in my previous post (Being smart about costs - Part 2). Being smart is not about cutting down on... Continue Reading →

Being smart about costs – Part 2

Do you feel embarrassed about asking for a discount?  I was chatting with a friend about investments and I mentioned to him that the easiest way to make money in the long run is to ask for a discount in every transaction that you do every single day of your life. He initially thought I... Continue Reading →

Being smart about costs – Part 1

Several years back, I was meeting someone for a coffee. He was a friend of a friend and had just quit his job to take the entrepreneurship path. The meeting was requested by him (he has been pestering me for months) and he wanted to explore some business opportunity with us. I remember clearly that I had... Continue Reading →

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