Great life lessons from people who have “been there, done that” long before you.
๐ช๐ต๐ผ ๐ถ๐ ๐๐ถ๐๐ต ๐บ๐ฒ?ย ๐โโ๏ธ I choose to believe that the future will be better than the past. We live in a world where far more people wake up in the morning, trying to make the world a better place thanโฆ
๐ ๐๐ฆ ๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ, ๐ฐ๐ก๐๐ญ ๐ฐ๐จ๐ฎ๐ฅ๐ ๐๐ ๐ญ๐ก๐ ๐ฆ๐จ๐ฌ๐ญ ๐ข๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐ข๐ง๐ & ๐ฎ๐ฌ๐๐๐ฎ๐ฅ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฒ๐จ๐ง๐ ๐๐จ๐ฎ๐ฅ๐ ๐ ๐๐ญ ๐ญ๐ก๐๐ข๐ซ ๐ก๐๐ง๐๐ฌ ๐จ๐ง? Thought about it? Thought about it a bit more? For me, it would be ๐ค๐ง๐จ๐ฐ๐ข๐ง๐ ๐ก๐จ๐ฐ ๐ฆ๐ฎ๐๐ก ๐ญ๐ข๐ฆ๐ ๐ ๐ก๐๐ฏ๐ ๐ฅ๐๐๐ญ. Itโsโฆ
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
You are rich! Richer than you might think. You don’t think so? Then think about these questions.
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
How you think about money matters just as much as how much money you have. Here is a thought: Give every dollar a job. Giving each dollar a job allows your money to work for you, not against you. Lazyโฆ
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
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