This video is based on Marshall Thurber’s theory of Network Science. If you don’t understand the principle of leverage, you work too hard.
Be sure to read this post on Key-Leverage Points.
by Jay Abraham
Orderlies buying a hospital?
I do need to tell you they were actually two gentlemen going through med school who intended to become doctors and during the time that they were in that process, they worked at a hospital as orderlies to pay for school.
Here’s what they did.
The Big Mac Index is published by The Economist as an informal and light-hearted way of measuring the purchasing power parity (PPP) between two currencies and provides a rule of thumb to see the relative cost of the same item in different countries.
If you want to buy a Big Mac, look how much it is in Switzerland compared to Egypt. How to use this? Think of retirement. If you are in the US with $1 take it to Egypt and it goes 3.5 times as far ($1 in the US is like $3.5 in Egypt).
(this post has been updated for 2021)
One of my favorite subjects at school was economics.
Understanding how the economy works is the foundation of creating your own financial success because we operate in a subset of the world, regional, national and local economies.