Current future millionaire? What does that even mean you ask yourself. Let me explain what I mean by this. Unfortunately, many of us won’t ever become millionaires any time soon. The Youtube videos you watch about the drop-shipper who made their first million at the age of 25 is not going to happen to 99.99% of us. The finance mogul…
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Pareto Principle: How To Use The 80/20 Rule To Build Wealth
What is the Pareto Principle? The Pareto Principle states that for many outcomes roughly 80% of consequences come from 20% of the causes. Another name for this principle is the 80/20 rule. Simply put, 80% of results are due to only 20% of the cause. This was discovered by an Italian economist by the name of Vilfredo De Pareto when gardening discovered that…
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FIRE: Financial Independence Is The Ultimate Freedom
As I’ve mentioned in the “About me/Mission” pages of Engineered Journey, one of my interests is Finance, specifically the concept of FIRE. What is FIRE you ask? Although there is a million ways to achieve FIRE, the base tenants of FIRE remain the same across the movement. FIRE is an acronym for “Financial Independence/Retire Early”, which is a movement dedicated…
