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
โ๐๐ค๐ง ๐๐ซ๐๐ง๐ฎ ๐จ๐ช๐๐จ๐ฉ๐๐ฃ๐๐, ๐จ๐ข๐๐ก๐ก ๐๐ค๐จ๐๐จ ๐จ๐ฉ๐๐ข๐ช๐ก๐๐ฉ๐, ๐ข๐ค๐๐๐ง๐๐ฉ๐ ๐๐ค๐จ๐๐จ ๐๐ฃ๐๐๐๐๐ฉ, ๐ก๐๐ง๐๐ ๐๐ค๐จ๐๐จ ๐ ๐๐ก๐ก.โ – ๐ผ๐ง๐ฃ๐๐ฉโ๐๐๐๐ช๐ก๐ฏ ๐ง๐ช๐ก๐ (๐ฅ๐๐๐ง๐ข๐๐๐ค๐ก๐ค๐๐ฎ) Itโs a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. ๐ ๐น๐ผ๐ ๐ผ๐ณโฆ
โ๐ป๐๐ ๐๐ช๐๐ช๐๐ ๐๐๐ข๐๐จ ๐ค๐๐ ๐ข๐๐ฃ๐๐ฉ๐ ๐๐ฉ ๐ ๐ฉ๐๐ข๐.โ It becomes clearer to me every year that seeing my portfolio hit a certain number doesnโt bring me nearly as much joy as spending money on experiences. Investing itself is a formโฆ
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
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