If you panic, panic first

One rule in the stock market is: โ€œIf you panic, panic first!โ€ Itโ€™s about first-mover advantage under extreme pressure. Bull markets make you feel smarter than you really are.Bear markets make you feel dumber than you really are. Itโ€™s almostโ€ฆ

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Financial Nihilism – don’t do it

“Thereโ€™s no point in saving for the future because weโ€™re going to have war, revolution, and itโ€™s all going to come to a violent end.” Iโ€™ve also heard that young people arenโ€™t saving for retirement either (because โ€œthere is noโ€ฆ

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๐‘พ๐’‰๐’‚๐’• ๐’Š๐’” ๐’š๐’๐’–๐’“ ๐‘ต๐’†๐’• ๐‘พ๐’๐’“๐’•๐’‰ ๐’“๐’Š๐’ˆ๐’‰๐’• ๐’๐’๐’˜?

More Rational Thinking

๐‘ซ๐’ ๐’š๐’๐’– ๐’Œ๐’๐’๐’˜ ๐’•๐’‰๐’† ๐’†๐’™๐’‚๐’„๐’• ๐’‚๐’Ž๐’๐’–๐’๐’•? 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? Iโ€ฆ

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Focus less on money

Disposition Effect

โ€œ๐™๐™ค๐™ง ๐™š๐™ซ๐™š๐™ง๐™ฎ ๐™จ๐™ช๐™—๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š, ๐™จ๐™ข๐™–๐™ก๐™ก ๐™™๐™ค๐™จ๐™š๐™จ ๐™จ๐™ฉ๐™ž๐™ข๐™ช๐™ก๐™–๐™ฉ๐™š, ๐™ข๐™ค๐™™๐™š๐™ง๐™–๐™ฉ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ž๐™ฃ๐™๐™ž๐™—๐™ž๐™ฉ, ๐™ก๐™–๐™ง๐™œ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ ๐™ž๐™ก๐™ก.โ€ – ๐˜ผ๐™ง๐™ฃ๐™™๐™ฉโ€“๐™Ž๐™˜๐™๐™ช๐™ก๐™ฏ ๐™ง๐™ช๐™ก๐™š (๐™ฅ๐™๐™–๐™ง๐™ข๐™–๐™˜๐™ค๐™ก๐™ค๐™œ๐™ฎ) Itโ€™s a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. ๐—” ๐—น๐—ผ๐˜ ๐—ผ๐—ณโ€ฆ

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It’s all about your Cash Flow

Cash Flow could be the most important term in the world of money, yet it is often the least understood.

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. ๐—ฃ๐˜€๐˜†๐—ฐ๐—ต๐—ผ๐—น๐—ผ๐—ด๐˜†โ€ฆ

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