This one was a big problem for me in the past โฆ That tiny graph shows that no matter where our current salary is ๐ฒ๐๐ฒ๐ฟ๐๐ฏ๐ผ๐ฑ๐ ๐๐ฎ๐ป๐๐ ๐ฎ ๐๐ถ๐ป๐ ๐ฏ๐ถ๐ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐๐ต๐ฒ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ณ๐ฒ๐ฒ๐น ๐ต๐ฎ๐ฝ๐ฝ๐/๐น๐ฒ๐๐ ๐๐๐ฟ๐ฒ๐๐๐ฒ๐ฑ. We donโt realizeโฆ
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.
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
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
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
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
๐ง๐ต๐ฒ ๐บ๐ผ๐๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ ๐ฟ๐ฒ๐๐๐ฟ๐ป๐ ๐ถ๐ป ๐น๐ถ๐ณ๐ฒ ๐ฐ๐ผ๐บ๐ฒ ๐ณ๐ฟ๐ผ๐บ ๐๐ต๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐ผ๐๐ป๐ฑ๐ฒ๐ฑ ๐ฒ๐ณ๐ณ๐ฒ๐ฐ๐๐ ๐ผ๐ณ ๐ผ๐๐ฟ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐๐ ๐ผ๐๐ฒ๐ฟ ๐๐ถ๐บ๐ฒ, ๐๐ต๐ฒ๐๐ต๐ฒ๐ฟ ๐ถ๐ป ๐ผ๐๐ฟ ๐ฐ๐ฎ๐ฟ๐ฒ๐ฒ๐ฟ๐, ๐ต๐ผ๐ฏ๐ฏ๐ถ๐ฒ๐, ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐ผ๐ป๐๐ต๐ถ๐ฝ๐, ๐ผ๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ฒ๐.ย Isn’t one of our motivators to work the money we get for itโThen let’s also haveโฆ
๐๐ผ๐๐น๐ฑ ๐ถ๐ ๐ฏ๐ฒ ๐๐ต๐ฎ๐ ๐๐ต๐ฒ ๐น๐ผ๐ป๐ด๐ฒ๐ฟ ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ต๐ผ๐น๐ฑ ๐ผ๐ป๐๐ผ ๐๐ผ๐๐ฟ ๐บ๐ผ๐ป๐ฒ๐, ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐๐ฒ๐ฟ ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐ผ๐๐๐ฐ๐ผ๐บ๐ฒ๐ ๐๐ถ๐น๐น ๐ฏ๐ฒ? โ The truth is, when you use money, you lose it โ forever.โ When you keep money, you keep it โโฆ