I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
A suggestion for this new year
|
Live poor, die rich. This is the mindset that many people have these days “in order to be rich” or get financial freedom. You know the old piece of advice: study hard, get good grades, a good job, live below your means, save and retire. Terrible advice in these days where governments keep printing fake money, inflation is “moderated” by printing a lot or printing less, and the gap between the producers and the consumers is bigger by the day. I don’t know what plans you have for next year. I have a few. To buy 1-3 apartments to invest in New Zealand, start my new project of 4 additional Airbnb in Spain, start construction of a couple of hotels in Panama, keep developing my mentoring, coaching and consulting business… When having Champaign yesterday, I hope that you thought about what you want to achieve this year. The things that you’ll learn. The habits that you’ll change. Today, I propose you the course about investing below. Tomorrow, probably the same course. It’s good. But the day after tomorrow, it will be something different because you won’t have access anymore. It will be over. Out of the market, forever. Up to you… Save or Invest? ​Invest better than 99% of people... including fund managers​ ​ PD 1: If you liked this email, don't keep it in secret and forward it to a friend. They will thank you enormously one day. PD 2: If somebody has sent you this email and you want to receive emails like this yourself, visit vicentevalencia.com PD 3: If you want unsubscribe, click the link below. ​ ​ |
Vicente Valencia
I talk about Personal Growth, Management, Infrastructure and More | 👇JOIN +2k readers 👇
I love going to local markets. I tried one this weekend. All vendors shouting: “Try this.” “Taste that.” “Best cheese in town.” “Organic honey.” Everyone fighting for your attention. It’s nice. It feels human. You try things. You buy things. You feel good helping local producers. I love that. But price is sometimes an issue. It’s not cheap. And it can’t be cheap. These guys work at very small scale. Their margins need to be enormous just to make a living. I don’t blame them. And honestly,...
I’m an engineer. By accident. But an engineer nevertheless. I’ve seen landslides during construction, and after construction. Specifications not converting properly between inches and cm. Expansion joints popping up in summer like popcorn. Pavement failing in the first winter after opening. Subcontractors going broke. Or bought by the competition you stole the project from… But still… 80% of serious PPP failures are NOT technical… They are contractual. Risk allocation errors Toxic KPI regimes...
You know I’m no fan of the World Bank. But from time to time, curiosity opens some doors. This is what I found. More than 50% of PPPs are renegotiated… Let that sink in. 50%. And usually in favor of the private sector... 50–60% of PPP contracts in developed countriesand up to 70% in emerging marketsare renegotiated within the first 5–7 years. So the contract you sign is not the contract you live with. What does it mean? Simple… It means the real risk allocationis not the one approved by...