tips on how to fine-tune your existing investments
๐๐ฐ๐๐ถ๐๐ฒ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ถ๐ ๐ฎ ๐๐ฒ๐ฟ๐ฟ๐ถ๐ฏ๐น๐ฒ ๐ต๐ผ๐ฏ๐ฏ๐ โ ๐ฝ๐น๐ฎ๐ ๐๐ต๐ฒ ๐ด๐๐ถ๐๐ฎ๐ฟ ๐ถ๐ป๐๐๐ฒ๐ฎ๐ฑ.
Have you ever sold a stock too soon or passed up an opportunity that went on to experience explosive growth? I did. I bought Tesla stocks back in April 2013 at USD50. Fast ride up. Held them till June 2013โฆ
Managing Money is easy.Managing Wealth isnโt. We quantify whatโs easily countable, not what matters most. Wealth isnโt as easily defined. But itโs quite impossible to manage something we havenโt defined for ourselves. ๐ ๐๐ฆ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ, ๐ฐ๐ก๐๐ญ ๐ข๐ฌ ๐ฐ๐๐๐ฅ๐ญ๐ก ๐ญ๐จ ๐ฒ๐จ๐ฎ?โฆ
๐ซ๐ ๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐? To accumulate more money is presumably the main reason we spend most of our days working. But do we keep track of how much we have? Do we know how much is enough? Iโฆ
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
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
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
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
๐ช๐ต๐ถ๐ฐ๐ต ๐ผ๐ป๐ฒ ๐ถ๐ ๐ถ๐ ๐ณ๐ผ๐ฟ ๐๐ผ๐?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … ๐ค โฆ ๐ค Could it be that they want to trade it for more time, notโฆ
I am curious, what do you do to beat inflation? It is almost impossible to โout-saveโ the inflation rate. One can only โout-investโ the inflation rate. Savings are risky in the long term โ guaranteed. Because inflation is the giftโฆ