Great life lessons from people who have “been there, done that” long before you.
Many people: “Once I hit a certain level of net worth all of my problems will magically vanish.” Reality: ”Nope!” What if I told you that achieving that long-term net worth goal you’ve always dreamed of achieving probably won’t bring…
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. Lazy…
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. 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝘆…
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…
𝗣𝗿𝗲𝗺𝗶𝘀𝗲 𝟭: 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗶𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴 𝘁𝗲𝗿𝗺.𝗣𝗿𝗲𝗺𝗶𝘀𝗲 𝟮: 𝗦𝘂𝗿𝘃𝗶𝘃𝗮𝗹 𝗶𝘀 𝗮𝗻 𝘂𝗻𝗱𝗲𝗿𝗿𝗮𝘁𝗲𝗱 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. The good news about the recent market turmoils is that Index Funds don’t have an ego. ✔ They won’t commit fraud against you or…
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…
… 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.