brief tips and snippets of useful life hacks that can serve you as decision shortcuts
Managing Money is easy.Managing Wealth isn’t. We quantify what’s easily countable, not what matters most. Wealth isn’t as easily defined. But it’s quite impossible to manage something we haven’t defined for ourselves. 𝐈 𝐚𝐦 𝐜𝐮𝐫𝐢𝐨𝐮𝐬, 𝐰𝐡𝐚𝐭 𝐢𝐬 𝐰𝐞𝐚𝐥𝐭𝐡 𝐭𝐨 𝐲𝐨𝐮?…
You are rich! Richer than you might think. You don’t think so? Then think about these questions.
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…
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…
𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗶𝗰𝗵 – 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸, 𝘁𝗵𝗲 𝘀𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲, 𝗼𝗿 𝘁𝗵𝗲 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝗴𝗿𝗮𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝘁𝗼 𝗮𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲 𝘀𝘂𝗰𝗵 𝘄𝗲𝗮𝗹𝘁𝗵.
We should stop once we’ve had enough.But what is “enough” for you?Would you recognize “enough” when you saw it? Have you written down your $$-amount that you consider enough? And how often has this $$-amount changed over the years? Do…
Earning the money we need to live is presumably the main reason we work at all. But does money motivate us to continuously perform our best work? Let’s take a peek at what science and research have to say about…
Do you remember the last idea that you took from a book? Back in 2019, I set myself the goal to read a book per week and then read 52 books. For 2020 I told myself that quality trumps quantity and…
What is important for your important decisions Life is all about decisions – those thousands of decisions that we take every single day. And luck – lots of luck in a world of randomness and serendipity. A life-skill I have…
Me pondering about where I am and what I have achieved: I don’t reach optimum contribution levels because I believe everything is important. Sounds familiar? In truth, only a few things are essential. To practice the skill of identifying those…