You can’t afford to give the stock market a miss. Start now to have enough later!
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. It’s as easy as 1-2-3: 1️⃣ Aim for reasonable, not perfection. 2️⃣…
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 any…
𝗧𝗵𝗲 𝗺𝗼𝘀𝘁 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗿𝗲𝘁𝘂𝗿𝗻𝘀 𝗶𝗻 𝗹𝗶𝗳𝗲 𝗰𝗼𝗺𝗲 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱𝗲𝗱 𝗲𝗳𝗳𝗲𝗰𝘁𝘀 𝗼𝗳 𝗼𝘂𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀 𝗼𝘃𝗲𝗿 𝘁𝗶𝗺𝗲, 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝗶𝗻 𝗼𝘂𝗿 𝗰𝗮𝗿𝗲𝗲𝗿𝘀, 𝗵𝗼𝗯𝗯𝗶𝗲𝘀, 𝗿𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀𝗵𝗶𝗽𝘀, 𝗼𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝘀. Isn’t one of our motivators to work the money we get for it❓Then let’s also have…
Especially not when making investment decisions. Uptrends are slow and methodical. Gains don’t come in big chunks but rather a stairstep process. Uptrends almost lull us investors to sleep because there isn’t much going on in terms of volatility. Downtrends, on…
𝗖𝗼𝘂𝗹𝗱 𝗶𝘁 𝗯𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴𝗲𝗿 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗵𝗼𝗹𝗱 𝗼𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝗺𝗼𝗻𝗲𝘆, 𝘁𝗵𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲? ❌ The truth is, when you use money, you lose it — forever.✔ When you keep money, you keep it —…
𝗪𝗵𝗶𝗰𝗵 𝗼𝗻𝗲 𝗶𝘀 𝗶𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … 🤔 … 🤔 Could it be that they want to trade it for more time, not…
… and that’s ok. No one has this stuff all figured out. Sometimes you have to make decisions in real-time with imperfect information. Sometimes your emotions get the best of you. Sometimes your financial situation is just the result of…
I am curious, what do you do to beat inflation? It is almost impossible to “out-save” the inflation rate. One can only “out-invest” the inflation rate. Savings are risky in the long term – guaranteed. Because inflation is the gift…
𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗶𝗰𝗵 – 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸, 𝘁𝗵𝗲 𝘀𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲, 𝗼𝗿 𝘁𝗵𝗲 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝗴𝗿𝗮𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝘁𝗼 𝗮𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲 𝘀𝘂𝗰𝗵 𝘄𝗲𝗮𝗹𝘁𝗵.
I know, that’s not a really popular topic for investors & traders. But living within your means is not a ‘nice goal’ to have – it is a must. Here is why: 1️⃣ Those that don’t are in serious trouble…