Developed by Open AI, ChatGPT is a chatbot based on a large language model. It lets users create, refine, and steer conversations according to desired lengths, formats, styles, and levels of detail. For example, you can have it create an essay that you then use as a model for your own. One of the … Read more
Use the rule of 72 to compare between investment options.
Some misconceptions are that most millionaires inherit their wealth, have degrees from prestigious universities, or are savvy investors, which are just myths that could be keeping you from building wealth. You’ll be surprised to learn that most millionaires build their wealth independently and take calculated risks when considering investments. Becoming a millionaire doesn’t necessarily mean … Read more
The Pareto Principle is one of the most popular economic ideas of all time. Also known as the “80/20 rule,” this principle arose from Vilfredo Pareto realizing that 80% of the land in Italy was owned by 20% of the people (in 1896). Richard Koch further broke down the 80/20 rule in his famous book … Read more