Get-Rich-Quick Schemes do not work! The only way to grow your nest egg is slowly but steadily.
๐๐ฐ๐๐ถ๐๐ฒ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐ถ๐ ๐ฎ ๐๐ฒ๐ฟ๐ฟ๐ถ๐ฏ๐น๐ฒ ๐ต๐ผ๐ฏ๐ฏ๐ โ ๐ฝ๐น๐ฎ๐ ๐๐ต๐ฒ ๐ด๐๐ถ๐๐ฎ๐ฟ ๐ถ๐ป๐๐๐ฒ๐ฎ๐ฑ.
If your answer is โ๐๐๐กโ๐๐๐, ๐๐๐๐๐๐ฆ.โOkay, so why try so hard to earn lots more money? If your answer is โ๐ผ ๐ ๐๐๐๐ ๐๐ก.โOkay, so once you make money, hanging on to money is just as hard as making it. Youโฆ
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
Many people: โOnce I hit a certain level of net worth all of my problems will magically vanish.โ Reality: โNope!โ What if I told you that achieving that long-term net worth goal you’ve always dreamed of achieving probably wonโt bringโฆ
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