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The #1 Secret of Billionaires and MVPs
Two years after the death of one of my personal heroes, Kobe Bryant, I have watched all his interviews on Youtube about what he described as the Mamba mentality. This got me thinking about what attribute separates legends like Kobe from the rest of us mortals. Of course, people talk a lot about Kobe’s determination,…
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Don’t buy a house before reading this post 🤯
A couple of months ago, a good friend called me to share how thrilled he was about selling his house for almost twice the amount he had paid for. I didn’t want to ruin his party, so I just congratulated him and curiously asked him what year he had bought it. It took him a…
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The Compounding Power of Cancelling Subscriptions
All of us tend to look at expenses on an individual basis overseeing their future value. If you don’t believe me, ask yourself sincerely how many monthly subscriptions you are currently paying. When I asked myself this question, I realized I was paying at least 58 dollars per month on 7 different subscriptions, and I…
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The (Credit Card) Debt Spiral to Financial Death
I was talking yesterday with a good friend of mine about potential alternative investments for someone just starting the journey to financial independence. I was thinking about the best investment advice I would give a good friend or a family member with an ordinary income. However, I realized that in many cases, the first step…
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Financial independence (ii): Inflows and Outflows
One concept that Tim Ferris beautifully stated in his book 4HWW is that our generation doesn’t value money but what we can buy with it: mobility and freedom. After all, money is useless unless we use it. The beauty of this concept is that you don’t need to be a millionaire to enjoy mobility and…
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Investing and Gambling
I had just opened an investment account. I had always been intrigued by the stock market, but I had never formally studied or read a book about financial instruments (i.e., shares, bonds, structured notes, or options). Once my account was opened, a financial advisor called me to offer me a few investment alternatives. He sounded…
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Overcoming the fear of flying
I was 14 years old. I was flying back to Bogotá with my dad from a national squash tournament in Cali. We were just had been served a sandwich and a beverage by a lovely flight attendant when the captain coldly asked everyone to put the food away in the front seat pocket because we…
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An Obsessive-Compulsive Disorder (OCD)
It wasn’t a single event but a sum of unrelated cues accumulating for years that made me set an appointment with the psychiatrist last year once COVID lockdowns were lifted. All of my life, I had considered myself a type-A personality with strong willpower, highly productive, structured, and organized. However, along with all these helpful…
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Symmetrical, Asymmetrical, and Irrelevant Negotiation Components
Yesterday we talked about the importance of shutting up and listening to become better negotiators. But listen to what? Listening attentively without a purpose wouldn’t do us much good. We must understand that during any negotiation, each party will always have unique objectives, standpoints, and preferences with distinctive importance. Therefore, before we open our mouths,…
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The golden rule for any negotiation
I’ve been formally negotiating contracts on a daily basis for the last 14 years. I’ve had the privilege of attending negotiation seminars at Harvard and Stanford Universities where I learned meaningful life lessons and met outstanding negotiators and human beings. I’ve read several books about negotiation, behavioral finances, and psychology in the last ten years…
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A PRESENT FOR YOUR FUTURE SELF 