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Having a Look at Some of the World’s Richest Investors

“The world creates new investors every day; some of them successful and some of them not. The proof, they say, is in the pudding.” Those are the words of a senior financial analyst at Olsson Capital. New investors can learn so much from the success and tragedies of investors past. When saying tragedies, one needs to remember that through the mistakes that other traders make, one can learn so much. This includes when to let go of a trade, when the right time is to make a trade as well as why it is important to develop trading strategies.

Let’s have a look at some of the most successful and unsuccessful investors in the world and what potential investors of the future can learn from them: 

Nick Leeson

This investor was born in 1967 and, to say the least, was a rogue trader. He caused the Barings Bank to close their doors and for that, he served 4 years in a jail in Singapore. Not letting that faze him, he later became the CEO of an Irish football association.

Steven Cohen

Steven Cohen was born in 1956. He was the creator of SAC Capital Advisors and prided himself in hedge funding and trading with equities. Although the company was charged with letting inside trading take place, he still remains one of the top investors of all time.

David Tepper

David Tepper, born in 1957, was the owner of a very successful hedge fund called Appaloosa Management. He is seen as a top-class investor and specialises in distressed debt. Many co-investors sought out his advice when it came to making difficult trades and with his help; they managed to make a success of their own trading ventures as well.

John Paulson

John was born in 1955 and was the owner of a very successful hedge fund called Paulson & Co. He made millions of dollars in 2007 when he made enough to even sell the US subprime mortgage market short.

Richard Dennis

This investor was born in 1949 and resides in Chicago. He carved a name for himself as a successful commodity trader. In the ten years of his venture as a commodity trader, he made over $200 million. To top it off, he was also part of the creating of the Turtle Trading experiment.

Paul Jones

Paul was born in 1954 and made his millions by creating yet another successful hedge fund called Tudor Investment Corporation. During the market crash of 1987, he made over $100 million from his stocks.

Jim Rogers

Jim was born in 1942 and was quite an adventurous man. While being the chairman of Roger Holdings, he was also part of the creating of the Quantum Fund. This project grew by a staggering 4200 percent over the course of 10 years and made Jim Rogers the trading man of his time.

George Soros

Mr Soros was born in 1930 and created one of the most successful hedge funds in the history of hedge funding. This fund was called Soros Fund Management and in 1992 he made himself a generous profit of $1 billion after just one sale.

There are a number of investors that also made a solid mark in the trading industry as well as changed the way trading will be done forever. With each trader that sets foot in the trading world, new ideas form, new strategies rise and new obstacles form. For new traders, it is always a huge honour to be able to learn something from another seasoned trader. By looking at the mistakes these traders made in the past, they can use it to their advantage by noting what to do differently with their own trading ventures.

From the above-mentioned successful traders, it is evident that making a profit starts with hedge funding. This, however, is not the only way of making a profit. By making traders with precision, the chances of you making a profit is much greater. If you keep making trades like these, with the occasional loss or two, you too, can become a world-famous trader and make your mark in the trading industry.

Fool-Proof Tips On Dressing For Race Events

You’ve got a day at the races ahead, but do you actually have anything to wear? If you’ve seen My Fair Lady or Pretty Woman a few times, you may have some unnecessary anxiety about race-appropriate fashion. The truth is, dressing for the races is pretty easy, and not as restrictive as you may think. Just like formal wear is less formal than it was a century ago (and even 50 years ago), so is race attire.

The rules of race style are easy to master. In fact, more than easy, they are fun — so read on! This is what you need to know about dressing for a day at the races.

As always, ladies first…

Hats and Headwear

Fool-Proof Tips On Dressing For Race Events

While huge hats are certainly synonymous with racewear, they are not always necessary. This said, quite often, some headwear is apropos. Your best bet (aside from the one you’ll make on your horse), is to check in with the venue. Dress codes vary. When choosing a hat or headpiece, go for one you love. I mean, love. After all, how often do you get to wear a stunning headpiece these days? Not very often!

Dress Code

Again, the exact formality of dress will differ from club to club, but you can rest assured you’ll be dressing a step above casual. You want to look polished and smart, and sure, you can look a little sexy, but don’t cross the line into tawdry. Your skirt should not be too short, or seran-wrap tight and neck and backlines need to be respectable. There’s nothing wrong with showing a little bit of skin, but the only flanks people should really be staring at should be on a thoroughbred.

Fool-Proof Tips On Dressing For Race Events

Save your money for the track: consider renting a dress for the day, like this Thurley dress hire.

As far patterns go, you can basically go wild. However, remember you are trying to keep it fairly refined, so pick your patterns wisely: cutesy or riskee prints (think teddy bears and bows or spandex leopard print) are fine for a night out with the girls, but shouldn’t feature at the races.

Shoes

Fool-Proof Tips On Dressing For Race Events

Wearability and style are equally important at the races. Remember, you will be standing and walking — and may even be standing and walking on grass — so again, look into the venue (as well as the weather) and select equal stylish and sensible shoes. A small, thicker heel is a good choice, as are a sleek pair of ankle boots or even a sassy pair of ballet flats.

Now onto the men…

Guys, you’ve got it easy. Just dress smart. How smart? Again, this depends on the venue, so check with the dress code. Most places don’t require ties or jackets, but that doesn’t mean they aren’t appreciated and admired. Dress pants are a must, so leave the distressed jeans at home. A pressed, sleek dress shirt is also a fashion boon.

Notes on Colour

Fool-Proof Tips On Dressing For Race Events

This goes for girls and guys: don’t shy away from colour! We often steer toward ‘safe’ colours, like grey, blue and black, but the races are a time to pick up the pace. Have fun with exciting colour. Be a little cheeky and playful. A day at the races, after all, is a day of unbridled possibility, so don’t hedge your bets: slip into something bold.

Burn Injuries at Work: How Do You Claim Compensation for Burns?

Health and safety regulations are strict in the UK, and personal protective equipment (PPE) is commonly issued by many employers to keep their employees safe. But accidents still happen every year. And burns are some of the most common workplace accidents.

Being a victim of burn injuries can result in some of the most catastrophic and unimaginable consequences. Survivors of burn injuries suffer unimaginably as their scars heal, but psychological and emotional scars might remain with them the rest of their lives.

According to experts in work injury claims in Gloucester, this is when you need an experienced lawyer who understands what your family is going through. You need a lawyer who will fight aggressively to protect your rights and obtain compensation for your injuries.

Why are burn injuries at work so catastrophic?

Burn injuries at work are some of the most painful injuries a person can have and often require long-term care. Melting skin and nerve damage can leave a person injured and traumatised for life. The mental anguish and suffering of a burn is heartbreaking. Many of the burns are unsightly and require cosmetic surgery over a prolonged period of time.

If you have suffered a burn injury at your job, you should be eligible for workers’ compensation benefits, designed to cover lost wages for victims who suffer injuries at work. Sometimes there is a third party involved whose negligence caused the accident. This could be the result of defective equipment, safety regulations, or an act of negligence that caused the fire or explosion. If a third party is responsible, you may be able to pursue a civil lawsuit and recover damages for your injuries.

Why do I need a lawyer if I suffered a burn injury at work?

Often, employers refuse to pay (immediately). An experienced lawyer can help you ensure all appropriate documents are filed and done so in a timely manner. They can also conduct a thorough investigation to see if a third party caused the burn. Having a lawyer will help speed up your claim so you can focus on recovery.

What type of damages can I be awarded in a third party civil lawsuit?

It is important to keep in mind that each case is different and is treated individually. However, the nature of burn injuries generally dictates extensive medical treatment. Some of the most commonly awarded damages in those types of cases include:

  • Past and future medical expenses
  • Treatment and long-term care
  • Lost wages
  • Loss of ability to earn money
  • Compensation for disfigurement
  • Pain and suffering

The award of damages for pain and suffering is reserved for more extreme cases where negligence or bad intention can be proven. Normally it is adjudicated to prevent such actions in the future and as a form of punishment for the culprit.

What type of burn injuries can I make a claim for?

The type of injuries you suffered and the circumstances surrounding your case usually indicate where the responsibility lies. It is always better to look for an experienced lawyer and see what your options are. Some of the injuries seen most often include:

  • Smoke inhalation
  • Electric burns
  • Chemical burns
  • Thermal burns
  • Radiation burns, such as ultraviolet light or X-rays
  • Explosions due to a defect in equipment
  • Defective parts and products
  • Bad maintenance of machines or parts
  • Fire
  • Burns caused by restaurant equipment in the kitchen
  • Car accidents involving a fuel tank explosion
  • Explosions of gases as a result of a code violation
  • Scalding after exposure to hot water

There are more, but these are just some of the most common. If you have been the victim of a burn injury at work, you should seek expert legal advice immediately and establish if you can file a claim for compensation for burns because of a workplace accident.

You Wish to Sell Your House?

Selling your home is a pretty daunting task no matter where you live. It takes a tactful mind, a person who has insightful industry know-how, time and a huge amount of patience. Going in prepared with a bit of homework will definitely help speed up the process.

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Everything You Need to Know About Commercial Carpet Cleaning

Commercial carpet cleaning is in a class all its own. You’re dealing with higher foot-traffic than a you’d find in a home, and this usually means more dirt and spills and stains and germs.

What’s more, since your commercial space is your professional space, it’s even more important that you keep your flooring looking as pristine as possible. Spilled coffee on the rug doesn’t exactly scream professional, and worn and yellowed spots isn’t going to help land you any big contracts.

A super important and heavy-duty job like this requires a super aggressive and heavy-duty approach to cleaning.

Here’s how to do it.

Vacuum Regularly

This may seem obvious, but a simple once-over with a vacuum can often be overlooked in the bustle of business. Don’t make this mistake. Vacuum high-traffic areas every single day to ensure dirt doesn’t grind into the pile of your carpets, which can cause discoloration and result in premature wear and tear.

Offensive Pick-Up

Place door mats inside of your entrances to pick up loose dirt and reduce the amount tracked through your workplace. Have your mats professionally cleaned weekly, and vacuum them/shake them out as needed.

If you don’t want to take care of your mats by yourself, consider hiring a professional company. This service will come and pick up your mats (usually at least weekly) and give you fresh, clean replacements.

Call in the Pros

You’re not always going to be able to DIY. Commercial carpet cleaning is a huge undertaking, and your professional space will likely require the help of a professional service. These pros will have the equipment, skills and workforce to take on bigger, more intensive cleaning projects, so you know you will get the thorough, deep clean you need to create a professional appearance.

These professionals will know if you need dry cleaning, steam cleaning or specialised cleaning for your carpets. The kind of treatment required will depend on the material of your carpet as well as the nature of your business. For instance, carpets in a restaurant will have more food stains than most other commercial businesses. These carpets will also likely be made of more robust materials than a carpet in a high-end boutique, and will require a different cleaning approach.

Professional carpet cleaners also have products that will be effective and safe for you, your employees and your clients.

For the best service, hire a local professional company. If your company is in Sydney, for example, hire ChemDry Rapid Dry commercial carpet cleaning in Sydney — don’t bother with a service that isn’t in your area. They may come to you, but will likely charge extra.

It isn’t easy to keep your commercial carpet clean, but it’s worth it. Not only will regular cleaning help your workplace look great, but it will ensure your indoor environment is healthy, while also prolonging the life of your flooring.

 

Work For Yourself

When it comes to working, it’s a mixed bag. While we all feel compelled to do something meaningful, it can quickly become abstracted by the inner workings of modern capitalism. However, when we do work that fulfills that need to do something meaningful, it benefits us on a spiritual level. This is why so many of us fall in line and want to be rock stars and otherwise pursue fame. We see that person, that creator, and we internalize that as the ideal job as a result. However, this is not necessarily the case, but it serves as a good analogy. We often encourage young people to give up on their dreams for practical reasons, and that’s a shame. My dad, when I was growing up, offered me more of a compromise. Work on what you love, but work for a paycheck. This, and a number of other factors led me down a road of mostly just working for a paycheck and, by my own struggles with mental illness, letting my dreams fall to the wayside.

However, recently, I’ve have a second wind of sorts, and I’m currently drawing more and finally writing a novel. The thing about following your dreams, within the framework of maintaining a living wage, is that it follows Maslow’s Hierarchy of Needs to a tee. You prioritize the more important needs like food (work) and save self actualization (accomplishing your personal goals) for when everything else is taken care of. However, putting your dreams on hold entirely only increases the odds that you’ll be without the skills necessary to jump back in when the time comes, and you may abandon it soon thereafter due to frustration. This is why you should, instead, strive to make more of your leisure time “work” on your hobby of choice so that you can develop that skill without taking away from your ability to provide for yourself.

So, my advice to anyone and everyone is to do just that: work on both making and saving money and developing the skills of your hobby in order to more easily fulfill your dreams once you can afford to invest more time and energy into it. As such, I also recommend taking certain steps that, of course, vary from hobby to hobby, from dream to dream, to ensure some manner of success moving forward. For example, if you want to run a website, grab a domain name from Namecheap sooner, rather than later, and work toward building it gradually. In my case, as an aspiring novelist, my advice to my past self would be simply to write as much as you can without worrying too much about quality. That way, you have that foundation to build off of later and can write your perfect novel gradually while you focus on survival.

Basic Concepts For Reducing Fuel Consumption

Fuel cost can be really high and it is important for us to know how to manage this situation. Although the new boom of shale oil production in the United States have pushed the oil price down, fuel costs can still represent major expenses in our daily lives. There are basic concepts on how to reduce fuel costs, such as limiting the driving duration, finding the most affordable gas and improving the fuel efficiency of our car. By combining these factors, we should be able to significantly reduce the amount of gas that we use. As long as we are able to improve those three factors, our car engine doesn’t car about the type of fuel we use.

We should be aware that higher octane rating doesn’t provide us with higher fuel efficiency. If our car needs to use higher octane rating, the engine will simply run smoothly without knocking or premature detonation inside the cylinders. There are smartphone apps that can help us to find the lowest possible gas price in the area. Using the GPS technology, we should be able to find the location of the gas station. In this case, we should plan ahead about when we should purchase the gas. As an example, when the gas tank is nearly empty, we may not be near the most recommended station.

Another thing that we should do is to drive less than usual. It is an obvious thing to do, but many people may overlook that. It’s clear that we won’t be able to cut out the driving completely, but we should be aware that in some cases we don’t really need to drive. If we plan to do something, it’s a good idea to combine multiple errands into a single trip. For shorter trips, we may use bicycle, public transportation or just walk. It is also a good idea to carpool with neighbours and friends, especially if they go to the same direction with us. It is possible to cut the whole costs of the monthly car trips in half using carpooling.

The next thing to do is to make our cars much more efficient. In some cases, it is quite easy to do. Just check the trunk and find any excess load that can be removed. It is estimated that the efficiency of our car can be reduced by 2 percent if there’s an extra 100 pounds of load inside the car. We should avoid speeding up on the freeway and there’s a sweet spot that provides a good balance between speed and fuel efficiency. In general, fuel efficiency can be reduced if we drive faster than 60 MPH. We should avoid accelerating and stopping the car too fast. Coasting the car is a good way to save fuel, try to let the car to slow down by itself without stepping on the brake too soon. Filter should be replaced regularly, because any blockage in the fuel and air filters will reduce the overall fuel efficiency.

Things We Should Know About Gift Cards

In the United States alone, billions dollars worth of gift cards are distributed each year. It is important to be aware that many of these gift cards remain unredeemed when they expired. Given the existing market size, the total value of these expired gift cards can be quite immense. Many of us have received such card and it is important for us to use any of these cards at the earliest possible opportunity. In fact, retail stores know that not all of these cards are redeemed, so they are confident about releasing more cards to the market. There’s a reason why stores tend to distribute gift cards, that is to increase the overall sales. It is quite unlikely that people will spend to the exact amount of the gift cards. It is possible that they will spend much more. Gift cards also bring people to the merchants and if people like the products offered, they may return in the future. If more and more people come after the distribution of the gift cards, we could say that these cards are really the merchant’s best ally in the marketing sense.

However, it is better for consumers to consider that gift cards are supposed to be their best ally. It means that buyers should know how to use gift cards properly. When using gift cards, we should be aware of our expectations. The rules of using gift cards can depend on the merchants, so we may find that each gift card has a set of rules. So, it is important for us to read the fine prints to make sure that these cards could genuinely provide us with benefits. As an example, gift cards are not really gift cards, if we are required to spend an amount of money, before the cards can be used. In this situation, it should be called discount cards, instead of gift cards. We should make sure that we won’t be greeted rudely by all sorts of unexpected conditions and extra fees. It is important for consumers to know about their rights and what they should do to use their gift cards. In this case, we should do this at the earliest possible time, so we won’t forget that we have the card. We shouldn’t waste our opportunity whenever possible.

Some people are blessed with so much gift cards throughout the year and it is important for them to log any gift card that they have. The logbook should include all the important information about the gift card. All cards should be placed in the safe spot to make sure that no one will obtain the information about the card. This will also make sure that we will not waste the gift card due to expiration and other factors. It is important that we don’t neglect the gift card, because it is the same with wasting money. In fact, the time when we should redeem the credit card can be considered as an appointment.

What To Do When We Lose Our Job?

Economic turmoil can be bad and we need to avoid its severe consequences whenever possible. People who depend entirely on their job are facing the scary prospect of losing their only source of income. As companies are dealing with low sales during financial crisis, they need to reduce costs and in some cases, it is necessary to lay off some employees. Workers are among the first who are facing the dire effect of slower consumer spending. If we do lose our job, it is important for us to find a way to stay afloat. The first thing to do is to make sure that we have an alternative income. A good practice is to ask ourselves what will happen to us when we lose our job since months previously, when the economic situations had started to go awry. Finding an alternative job can be a rather difficult thing to do during a difficult economic situation, especially if no one is hiring and many companies are laying off their employees.

Fortunately, we still retain our experience, knowledge and skills. If possible, we may provide teaching lesson and consulting sessions for others who need our expertise. If we have a hobby, we should know how to profit from it. As an example, if we like to bake, we may consider selling cheap, nutritious and tasty cookies. Female workers who know how to knit can make affordable sweaters and blankets, which are cheaper than those found in shops. If possible, we may also file for unemployment benefit, which is given by specific state. However, we must be deemed eligible based on a number of requirements. If we are qualified, it would be a waste not to get this benefit. The process may take awhile and we should be patient in undergoing all the processes. So, we may still need to pay quite a few bills with our own money, before the first unemployment check arrives. For this reason, we should apply for such benefit as soon as possible.

When we lose our job, it is clearly the time for us to tap into our savings account. It’s a key component if we want to make sure that we are able to stay afloat without the availability of primary source of income. It is commonly recommended that we have at least 6 months worth of extra cash in the savings account. This should give us enough time to look for other jobs or start a small business to sustain our family. If we don’t have cash reserve today, then we should start to cut expenses and save aggressively each month. This small task should be quite handy and bring us a lot of benefit when we lose our job. Our little effort now can be quite handy later, especially when we need a lot of money to cover our expenses. Overall, we need to cut back our spending when the economy starts to slow down and we need to do that more aggressively once we lose our job. It means that out 6-month worth of savings account can extend to 8 months or more.

Proper Money Management During Divorce Process

There’s so much going on when we are dealing with the divorce process, such as distrust, resentment, anger and fear. They can surely wreak havoc in our financial condition, because divorce process is an expensive matter. It is also the time when we make major financial decisions, which can be quite detrimental to our finances. Unfortunately, our choices can be influenced by emotions and it’s not a good thing. We need to make logical analysis, so we will come up with the right kind of method. One of the most important things to do is to choose the right attorney for our situation. If possible, we should end the relationship peacefully without any kind of legal fight. This will be easier for everyone and there will a lot more money to share between the two spouses. Legal battlers can be really costly, both financially and mentally. In this case, we should rely on a good attorney who can prevent us from losing a lot of money.

We should choose ethical attorneys who practice family law. They won’t take advantage of people during their most vulnerable times. The current legal system can be inflexible and may even provoke conflicts between spouses. Attorneys should understand about the common pitfalls in the legal system and advise their clients on how to avoid drawn out and long legal battles between them. These kinds of conflicts would only serve to drain our assets completely and it is something that we want to avoid. It is important avoid anything that rack up fees unnecessarily. They money can be used for bills, education and retirement. We should consult with the attorney to make sure that we find someone who we are comfortable with in helping us out in the legal proceeding. One of the worst things to do is to leave debts in the other spouse’s name. This is will be a spark that triggers huge legal battle and it is something that we need to avoid.

The divorce process should include the creation of a joint debt account. It means that each of the ex-spouse will be charged equally each month to contribute for the debt payment. This arrangement is necessary to prevent any damage to the credit rating, which can make things complicated for both individuals, especially after their divorce. During this difficult time, every point in the credit score is essential to ensure lower interest rate and other privileges. Instead of being trapped in legal fights, it is better if we stay at home. We should go outside  when it is necessary and we need to stop the contact with the spouse, except when we are accompanied by the attorney. In this situation, things can get really ugly, such as when violence occurs between both people. We also need to understand about the tax consequence related to the divorce proceeding and we should make sure that it won’t cause problems in the long run.

Why We Should Be Honest About Our Financial Problems?

People won’t like to talk about their money problem, but this is something that they need to do, if they start to be affected with financial woes. There are some people that we can trust with our financial issues, such as parents, spouse and financial advisor. We need to talk openly with them and even if they can’t help, we often feel better and we will be able to find solutions more easily. Just like all life burdens, we should share our financial issues, but it doesn’t mean that we need to announce that in social media. If it’s our mistake and the situation has affected the loved ones, we should apologize to them and promise them we will get things right. Forgiveness will make things easier for us and people will be able to support us. Another way to be honest about our financial issue is by writing it down. We should write down every single detail related to the financial problem and often, we can have a fresh bird’s eye view over our situation.

Regardless of what we do, when we have money spending problem, we need to have a conscious mental realization. We shouldn’t be gotten caught in the situation, especially if we can actually solve the problem. Peer pressure can be quite significant and it is often the real cause of our huge, unnecessary spending. Bad purchases can be indicated by buyer’s remorse that follows them closely. Our mind should become quickly rationalized and we need to be fully logical about our situation. We need to become fully accountable to ourselves. This is not a simple matter and with that kind of mind medication, something “magical” can happen, that is we will spend much less and we will have some money to spare. Obviously, our problem will not be solved overnight, but we are getting closer of solving it. Again, it is important for us to be honest to ourselves and our loved ones.

It is important to make mental connections with things that we do in the past, so we won’t repeat the same kind of mistake. When the problem is severe enough, people feel guilty when they are buying essential items like bread, eggs and milk. This could happen when they no longer have cash and need to depend on credit cards. The best way of having guilt-free spending is by not spending so much. We need to have a proper budgeting system and this will help us to have proper financial recovery. For married couples, spouses need to talk each day and discuss new things related to financial recovery. Any progress and setback will need to be discussed. Every small expenditure will need to be examined and this is the only way of getting a good idea of our own situation. When emergencies situation is happening, we should have the proper financial backup to deal with the crisis. But when it happens to people that already have financial problems, the mental pressure will be quite immense.

How To Differentiate Between Good And Bad Debts?

Although taking debt is acceptable, it is something that nobody wants to have. An iconic indication of financial well-being is often associated with the ability to live debt-free. Although it can be seen as a cliché, it is something that we want to achieve. In the meantime, we need to be able to manage our debt situation. Many people see debts as bad things, but we shouldn’t avoid them at all cost. Debts can actually be good for a number of reasons and especially if we are able to manage them. Good debts can be used to purchase something that we need today, especially if the item can make us productive. The rule of thumb is that by being productive, we should be able to repay the debt in the reasonable amount of time and once the debt has been repaid completely, we already have a full functioning business that can provide us with steady profit. If we can do this, then we are dealing with good debt.

However, identifying good debts can be rather tricky, especially if we need to consider a number of factors. The overall costs of debts may make a single type of debt not worthwhile. Mortgage is generally a good debt, because it puts a roof on our heads, but we should know about the annual rate and other factors. If we splurge during an eating oyt session with the family using our credit card, we may feel the effect for the rest of the month; which can be seen as a bad debt. If we want to do that, it is better to save some money and pay with cash. If we don’t have enough saving, then it is a good idea not to take this kind of debt. The potential loss of income can be quite immense if we are still struggling to pay off te debt. Good debt can be identified by the large opportunity cost. It means that if we don’t obtain the item we need, then we could potentially lose an opportunity to get specific amount of money.

As an example, we may borrow an amount of money with an interest rate of 4 percent per year. But if we put the same amount of money in an investment platform, we will have an annual gain of 8 percent per year. If we transfer the loan to the investment program, we will get 4 percent earning per year. The same case also applies with a small business. Say, we need $20,000 to open a hamburger stand in a busy area and based on conservative projection, we will be able to double the investment in 3 years. This is equal to 33 percent return for each year. Both are examples of good debts. Student debt can also become good debt, if the formal education that we obtain could help us to get a good job. As an example, after we graduate, the annual repayment of the student loan is $6,000; but the education allows us to get a job with annual salary of $45,000. This is more than enough to offset the student loan, especially for young workers who are not married yet.