Tag: Money

Focus less on money

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Disposition Effect

โ€œ๐™๐™ค๐™ง ๐™š๐™ซ๐™š๐™ง๐™ฎ ๐™จ๐™ช๐™—๐™จ๐™ฉ๐™–๐™ฃ๐™˜๐™š, ๐™จ๐™ข๐™–๐™ก๐™ก ๐™™๐™ค๐™จ๐™š๐™จ ๐™จ๐™ฉ๐™ž๐™ข๐™ช๐™ก๐™–๐™ฉ๐™š, ๐™ข๐™ค๐™™๐™š๐™ง๐™–๐™ฉ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ž๐™ฃ๐™๐™ž๐™—๐™ž๐™ฉ, ๐™ก๐™–๐™ง๐™œ๐™š ๐™™๐™ค๐™จ๐™š๐™จ ๐™ ๐™ž๐™ก๐™ก.โ€ – ๐˜ผ๐™ง๐™ฃ๐™™๐™ฉโ€“๐™Ž๐™˜๐™๐™ช๐™ก๐™ฏ ๐™ง๐™ช๐™ก๐™š (๐™ฅ๐™๐™–๐™ง๐™ข๐™–๐™˜๐™ค๐™ก๐™ค๐™œ๐™ฎ) Itโ€™s a loose rule, not a law, but it applies to so many things: Debt, ambition, networking, exercise, caution, & money. ๐—” ๐—น๐—ผ๐˜ ๐—ผ๐—ณโ€ฆ

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It’s all about your Cash Flow

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Cash Flow could be the most important term in the world of money, yet it is often the least understood.

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. ๐—ฃ๐˜€๐˜†๐—ฐ๐—ต๐—ผ๐—น๐—ผ๐—ด๐˜†โ€ฆ

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Index Funds donโ€™t have an ego

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Money? I heard money?

๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜€๐—ฒ ๐Ÿญ: ๐—œ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ถ๐—ป๐—ด ๐—ถ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ป๐—ด ๐˜๐—ฒ๐—ฟ๐—บ.๐—ฃ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜€๐—ฒ ๐Ÿฎ: ๐—ฆ๐˜‚๐—ฟ๐˜ƒ๐—ถ๐˜ƒ๐—ฎ๐—น ๐—ถ๐˜€ ๐—ฎ๐—ป ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฟ๐—ฟ๐—ฎ๐˜๐—ฒ๐—ฑ ๐—พ๐˜‚๐—ฎ๐—น๐—ถ๐˜๐˜† ๐—ณ๐—ผ๐—ฟ ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€. The good news about the recent market turmoils is that Index Funds donโ€™t have an ego. โœ” They wonโ€™t commit fraud against you orโ€ฆ

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From dumb money to smart money in two moves

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๐—ง๐—ต๐—ฒ ๐—บ๐—ผ๐˜€๐˜ ๐—ถ๐—บ๐—ฝ๐—ผ๐—ฟ๐˜๐—ฎ๐—ป๐˜ ๐—ฟ๐—ฒ๐˜๐˜‚๐—ฟ๐—ป๐˜€ ๐—ถ๐—ป ๐—น๐—ถ๐—ณ๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฒ ๐—ณ๐—ฟ๐—ผ๐—บ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ผ๐˜‚๐—ป๐—ฑ๐—ฒ๐—ฑ ๐—ฒ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜๐˜€ ๐—ผ๐—ณ ๐—ผ๐˜‚๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ผ๐˜ƒ๐—ฒ๐—ฟ ๐˜๐—ถ๐—บ๐—ฒ, ๐˜„๐—ต๐—ฒ๐˜๐—ต๐—ฒ๐—ฟ ๐—ถ๐—ป ๐—ผ๐˜‚๐—ฟ ๐—ฐ๐—ฎ๐—ฟ๐—ฒ๐—ฒ๐—ฟ๐˜€, ๐—ต๐—ผ๐—ฏ๐—ฏ๐—ถ๐—ฒ๐˜€, ๐—ฟ๐—ฒ๐—น๐—ฎ๐˜๐—ถ๐—ผ๐—ป๐˜€๐—ต๐—ถ๐—ฝ๐˜€, ๐—ผ๐—ฟ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ๐˜€.ย  Isn’t one of our motivators to work the money we get for itโ“Then let’s also haveโ€ฆ

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When you have money, you don’t have to spend it

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Bias: Slow down and think. Don't trust your intuitions.

๐—–๐—ผ๐˜‚๐—น๐—ฑ ๐—ถ๐˜ ๐—ฏ๐—ฒ ๐˜๐—ต๐—ฎ๐˜ ๐˜๐—ต๐—ฒ ๐—น๐—ผ๐—ป๐—ด๐—ฒ๐—ฟ ๐˜†๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—ต๐—ผ๐—น๐—ฑ ๐—ผ๐—ป๐˜๐—ผ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—บ๐—ผ๐—ป๐—ฒ๐˜†, ๐˜๐—ต๐—ฒ ๐—ฏ๐—ฒ๐˜๐˜๐—ฒ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ผ๐˜‚๐˜๐—ฐ๐—ผ๐—บ๐—ฒ๐˜€ ๐˜„๐—ถ๐—น๐—น ๐—ฏ๐—ฒ? โŒ The truth is, when you use money, you lose it โ€” forever.โœ” When you keep money, you keep it โ€”โ€ฆ

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Time is Money vs Money is time

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Money is time

๐—ช๐—ต๐—ถ๐—ฐ๐—ต ๐—ผ๐—ป๐—ฒ ๐—ถ๐˜€ ๐—ถ๐˜ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … ๐Ÿค” โ€ฆ ๐Ÿค” Could it be that they want to trade it for more time, notโ€ฆ

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Am I saving enough?

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beat inflation

Quick question: Would it be easier for you to save 20%ย of your monthly income, or to live on 80% of your monthly income? In case you answered, “Save 20%,”ย ย you are just average (sorry for being so blunt) and might beโ€ฆ

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