At its height, Enron was trading at $90.75. By December 2001, its mismanagement was exposed, and its stock plunged to just $0.26. The company declared bankruptcy shortly thereafter.
Just last year, FTX started crumbling due to mismanagement in a similar manner, shocking the entire cryptocurrency market. The case is still unfolding, but both FTX’s and Enron’s downfalls offer important lessons for professional and personal finance alike.
Read MoreCypress trees are brittle and easily snap in a storm, but palm trees can bend when faced with hurricanes. Their long-term strategy is to be flexible enough for unpredictably bad weather.
It’s food for thought regarding how we approach our savings strategy: Is it flexible enough to withstand the occasional economic storm?
Read MoreWhat will you regret not doing when you reach the end of your life? Jeff Bezos famously asked himself this before he founded Amazon. This simple question became a framework that he attributes a lot of his success to.
You can use this framework in everything from personal matters to business ventures. But this future-focused yet cautious approach can be especially useful when making financial decisions.
Read MoreGetting a holiday bonus this year, or maybe some gift money from a loved one? If so, you probably have a few ideas on how you could use it, and the goal isn’t always to be frugal.
But what if you could spend and call it a financially smart decision at the same time? If you pick any of these five ideas, you can rest easy knowing that your spending is too savvy to be considered a splurge:
Read MoreAs you approach retirement, it's important to start thinking about how RMDs will affect your finances. And even if retirement is far in the future, it’s important to know how RMDs work so you can plan your finances effectively in advance.
Read MoreHere’s a quick look at five deductions, their key details, and how to know if you could leverage them to save when you file:
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