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Dear Opportunistic Investor, Last year, 345,000 Americans became millionaires for the first time. That means nearly 40 people joined this elite club every hour. Many of these new millionaires were able to achieve this by following a few secrets passed down by billionaire Warren Buffett. Buffett is on record saying “Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.” However, it’s what Buffett recently admitted to a select group of investors that could

  By using social media, we make ourselves active and constant participants in a parallel economy that has permeated into virtually every aspect of our lives. The social economy is driven by its own markers of social currency, like recognition, status and attention from others, but its main commodity is content. Exchanging content, therefore, is the way to attain social currency, and that means that we should constantly be interacting with one another’s content. For small and

  The amount of time we have available every day is limited. Not every entrepreneur can put in 18-hour days — personal obligations and family life take up time, making it important that we maximize the time we do have allocated for business. Here are five time-wasting habits that many entrepreneurs are guilty of. Eliminate these and watch your productivity increase. 1. Trying to do everything yourself. You have to learn to delegate if you

  Lifestyle entrepreneurs are truly living the dream. They work, make money and thrive online. Most do not have an established physical location (beyond a couch, coffee shop or occasional home office), and they certainly don’t need one to succeed. A lifestyle entrepreneur just needs two tools: a laptop and a reliable Wi-Fi connection. Of course, you need other entrepreneurial basics, too, like fantastic ideas, skills, and a jack-of-all-trades mentality. However, does it really matter where you do business, as long

  The 1 percent didn’t become wealthy trading time for money, and neither will you. It’s tolerable for a start, but at some point, you have to intensely focus on scaling and leverage. Enter the Internet. The Internet has created a new economy that is accessible to everybody. Its explosive growth and sheer size has already changed our perception of the traditional way of doing business. Amazon, PayPal, Netflix, eBay, and numerous other tech giants have virtually

  A romantic couple that is always completing projects together by creatively dividing and conquering what needs to be done may have what it takes to translate a romantic partnership into a business partnership. Fundamentally, if two people don’t already bring out the best in one another when organizing a dinner party or coordinating a family vacation, then they may not really be suited for adding a business partnership into the mix of a romantic relationship. Some couples cannot imagine

  Nearly everyone dreams of quitting his or her day job, whether it’s tomorrow, next year or in the next decade. However, there is a wide chasm between “dreams” and “action” that many people never seem to cross — and it’s usually due to finances. Obviously, if you want to quit, you need to find another way to make enough income to pay your bills, save for the future and enjoy life. But what’s the best way to do

  For many of us, retirement is a great unknown. In your 20s, it seems so far away that it’s easy to figure you’ll start saving when you have more money. Of course, if you wait until you have “extra money,” you might never start at all. But 20-somethings aren’t the only ones who do things that sabotage their retirement. Their parents may be putting their own retirement at risk by, for example, borrowing money to

  If you’re reading this because your boss asked you to A/B test two versions of your company’s website and you have no clue what to do, it’s okay. Read on. Help is on the way. Here goes. The first step is not to be daunted by the term itself. A/B testing, also often called bucket testing or split testing, is merely marketing jargon for testing one thing against another. In this case, we’re talking