My Open Letter to Ernest Garcia II and Ernest Garcia III about Carvana’s Financials

Initial Disclosure: This article is for informational purposes only and should not be considered financial or legal advice. The views are that of the author of this article and should be understood as such. In addition, the author of the article has purchased puts in Carvana, which means that the author is investing with the …

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The Psychology Behind Justifying a Luxury Price Tag: Lessons From Luxury Brands

Why is it that some brands can charge $1,000 for a t-shirt, while others would be laughed at for charging a cent over $20? Despite what people may tell you, the answer to this question is not quality. Take brands like Louis Vuitton and Rolex, do consumers buy from these brands because they are superior …

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How Credit Counseling Agencies Are Actually Funded

Before a credit counseling agency gives you advice about your debt, it has likely already established a financial relationship with the creditors you owe. That relationship (not consumer fees or donations) accounts for roughly 72% of agency revenue. However, almost no one explains this upfront. The question of how nonprofit credit counseling agencies are actually …

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The Hidden Cost of Waiting to Get Paid: Why Cash Flow Matters More Than Profit

Running a successful business isn’t just about making sales; it’s about having money available when you actually need it. That’s a lesson many entrepreneurs learn the hard way. A company can be profitable on paper yet still struggle to pay employees, purchase inventory, or cover monthly expenses simply because customer payments haven’t arrived. It’s a …

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