โ๐ป๐๐ ๐๐ช๐๐ช๐๐ ๐๐๐ข๐๐จ ๐ค๐๐ ๐ข๐๐ฃ๐๐ฉ๐ ๐๐ฉ ๐ ๐ฉ๐๐ข๐.โ It becomes clearer to me every year that seeing my portfolio hit a certain number doesnโt bring me nearly as much joy as spending money on experiences. Investing itself is a formโฆ
How you think about money matters just as much as how much money you have. Here is a thought: Give every dollar a job. Giving each dollar a job allows your money to work for you, not against you. Lazyโฆ
Cash flow is a fancy term for money that goes in & out of your bank account. A lack of cash flow means you need to find a way to get more money to flow into your bank account. ๐ฃ๐๐๐ฐ๐ต๐ผ๐น๐ผ๐ด๐โฆ
Because itโs kind of a tradition and because I have a 100% success rate with my previous stock market forecasts here we go again. But first, letโs ponder on this: Whatโs the significance of a year anyway? Itโs merely theโฆ
Any investment or personal finance strategy that keeps you up at night is a terrible strategy. Instead, optimize your personal finances to make your life better, not worse. Itโs as easy as 1-2-3: 1๏ธโฃ Aim for reasonable, not perfection. 2๏ธโฃโฆ
You prefer immediate rewards vs. long-term gains. But investing is for the long term. When we are presented with distant commitments, we tend to stumble on the difficulty that our brain has in placing us in the future with anyโฆ
๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ ๐ญ: ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ถ๐ ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด ๐๐ฒ๐ฟ๐บ.๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐ฒ ๐ฎ: ๐ฆ๐๐ฟ๐๐ถ๐๐ฎ๐น ๐ถ๐ ๐ฎ๐ป ๐๐ป๐ฑ๐ฒ๐ฟ๐ฟ๐ฎ๐๐ฒ๐ฑ ๐พ๐๐ฎ๐น๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐๐๐ฐ๐ฐ๐ฒ๐๐. The good news about the recent market turmoils is that Index Funds donโt have an ego. โ They wonโt commit fraud against you orโฆ
๐ง๐ต๐ฒ ๐บ๐ผ๐๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ ๐ฟ๐ฒ๐๐๐ฟ๐ป๐ ๐ถ๐ป ๐น๐ถ๐ณ๐ฒ ๐ฐ๐ผ๐บ๐ฒ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐ผ๐๐ป๐ฑ๐ฒ๐ฑ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐๐ ๐ผ๐ณ ๐ผ๐๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐๐ ๐ผ๐๐ฒ๐ฟ ๐๐ถ๐บ๐ฒ, ๐๐ต๐ฒ๐๐ต๐ฒ๐ฟ ๐ถ๐ป ๐ผ๐๐ฟ ๐ฐ๐ฎ๐ฟ๐ฒ๐ฒ๐ฟ๐, ๐ต๐ผ๐ฏ๐ฏ๐ถ๐ฒ๐, ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐ผ๐ป๐๐ต๐ถ๐ฝ๐, ๐ผ๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ๐.ย Isn’t one of our motivators to work the money we get for itโThen let’s also haveโฆ
Especially not when making investment decisions. Uptrends are slow and methodical.ย Gains donโt come in big chunks but rather a stairstep process.ย Uptrends almost lull us investors to sleep because there isnโt much going on in terms of volatility. Downtrends, onโฆ
๐๐ผ๐๐น๐ฑ ๐ถ๐ ๐ฏ๐ฒ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ต๐ผ๐น๐ฑ ๐ผ๐ป๐๐ผ ๐๐ผ๐๐ฟ ๐บ๐ผ๐ป๐ฒ๐, ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐๐ฒ๐ฟ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ผ๐๐๐ฐ๐ผ๐บ๐ฒ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ? โ The truth is, when you use money, you lose it โ forever.โ When you keep money, you keep it โโฆ