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.
𝑫𝒐 𝒚𝒐𝒖 𝒌𝒏𝒐𝒘 𝒕𝒉𝒆 𝒆𝒙𝒂𝒄𝒕 𝒂𝒎𝒐𝒖𝒏𝒕? 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? I…
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…
“𝙁𝙤𝙧 𝙚𝙫𝙚𝙧𝙮 𝙨𝙪𝙗𝙨𝙩𝙖𝙣𝙘𝙚, 𝙨𝙢𝙖𝙡𝙡 𝙙𝙤𝙨𝙚𝙨 𝙨𝙩𝙞𝙢𝙪𝙡𝙖𝙩𝙚, 𝙢𝙤𝙙𝙚𝙧𝙖𝙩𝙚 𝙙𝙤𝙨𝙚𝙨 𝙞𝙣𝙝𝙞𝙗𝙞𝙩, 𝙡𝙖𝙧𝙜𝙚 𝙙𝙤𝙨𝙚𝙨 𝙠𝙞𝙡𝙡.” – 𝘼𝙧𝙣𝙙𝙩–𝙎𝙘𝙝𝙪𝙡𝙯 𝙧𝙪𝙡𝙚 (𝙥𝙝𝙖𝙧𝙢𝙖𝙘𝙤𝙡𝙤𝙜𝙮) It’s a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. 𝗔 𝗹𝗼𝘁 𝗼𝗳…
“𝑻𝙝𝒆 𝒇𝙪𝒕𝙪𝒓𝙚 𝙘𝒐𝙢𝒆𝙨 𝙤𝒏𝙚 𝙢𝒊𝙣𝒖𝙩𝒆 𝒂𝙩 𝙖 𝙩𝒊𝙢𝒆.” It becomes clearer to me every year that seeing my portfolio hit a certain number doesn’t bring me nearly as much joy as spending money on experiences. Investing itself is a form…
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…
Because it’s kind of a tradition and because I have a 100% success rate with my previous stock market forecasts here we go again. But first, let’s ponder on this: What’s the significance of a year anyway? It’s merely the…
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…