Tag Archives: money

How Billionaires Made Their First Money – And What They Advise You To Do Financially

Even the longest journey starts with a first step: Before Warren Buffett hit the financial markets, he sold used golf balls or Coca-Cola door-to-door. Another source of income for young Buffett was the idea of renting out flipper-machines. Amazon founder Jeff Bezos first job in the business world was behind a counter at McDonald’s. At 14, Bill Gates founded his first software company. With Traf-o-Data he …

Read More »

What Is Money?

Money has been a part of human history for almost 3’000 years. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. The first known currency was created by King Alyattes …

Read More »

How the world spends the money

Romanians allocate less than 1% of the household expenditures for investments, but spend 7% of their income on alcoholic drinks and cigarettes, said Adrian Vasilescu, advisor for strategy with the National Bank of Romania (BNR) this week at a conference in Bucharest. And even the expenditures for clothing and footwear (5%) were below the average amount spent for cigs and …

Read More »

The bank and the client

the bank and the client

A few days ago, I met Dan, an old friend of mine and he made the impression to be in a good mood. ‘Hello Dan, you look happy.’ I said to him while we were shaking hands. ‘Well’, he replied ‘I finally managed to save some money’. Dan explained, that after more than a year of starting his new job …

Read More »



Question 1: Suppose you have some money. Is it safer to put your money into one business or investment, or to put your money into multiple businesses or investments? Answer: multiple ‘The financial concept of diversification’ sounds terrible complicated. But it’s actually just the reduction of a business-risk. Let’s say, I give you an order to transport 5 very precious …

Read More »

Money & Percent

money percentage

Question 3: Suppose you need to borrow $100. Which is the lower amount to pay back: $105 or $100 plus three percent? Answer: $100 plus tree percent I have to be honest, I simply couldn’t believe, so many adult people would have problems to give the correct answer to that question. And it’s even harder to understand in Romania, where …

Read More »

A Look Into 2016


Currently, my ‘inbox’ is working overtime while I’m sleeping. Dozens of reports titled ‘outlook for stocks 2016’ or ‘market perspectives 2016’ make their way into my box overnight. The right strategy for 2016 is probably in mind of many investors, so this ‘outlooks’ and ‘perspectives’ are just in time. Before we start to take a look into the markets for …

Read More »

Secrets of Success

secrets of success

‘Never think about money, never work for money. Always think about the product, always work for the product’. Nicolas Hayek, the founder of ‘swatch’, gave that answer, when asked about his secret of success in 1992. On that day in the swiss alps, ‘swatch’ celebrated the sale of 100 million watches. The company was founded only 9 years ago. The …

Read More »

Money & Mistakes I

money mistakes

A financial health study by Wells Fargo revealed that 44% of people would rather discuss death, religion or their health than their financial situation. Now this figure is valid for the US and it’s even higher in the german speaking part of Europe, where for instance the monthly salary is kept very private even among longtime friends. For Romania, this …

Read More »

Money & Mistakes II


The list with mistakes, a lot of people make their personal finances, is long. I picked 10 out of it. After the first five in the previous chapter, here are number 6 to 10 mistakes people often do: 6. Buying a new car Don’t get me wrong, I’m a car driver for 25 years and – outside Bucharest- enjoy to …

Read More »