Prosper Slowly | Taking Care Of My Own Business

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

Andy 4th September 2022 4th September 20222

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

𝗖𝗼𝘂𝗹𝗱 𝗶𝘁 𝗯𝗲 𝘁𝗵𝗮𝘁 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴𝗲𝗿 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗵𝗼𝗹𝗱 𝗼𝗻𝘁𝗼 𝘆𝗼𝘂𝗿 𝗺𝗼𝗻𝗲𝘆, 𝘁𝗵𝗲 𝗯𝗲𝘁𝘁𝗲𝗿 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗼𝘂𝘁𝗰𝗼𝗺𝗲𝘀 𝘄𝗶𝗹𝗹 𝗯𝗲? ❌ The truth is, when you use money, you lose it — forever.✔ When you keep money, you keep it —…

Time is Money vs Money is time

Andy 21st August 2022 21st August 20222

𝗪𝗵𝗶𝗰𝗵 𝗼𝗻𝗲 𝗶𝘀 𝗶𝘁 𝗳𝗼𝗿 𝘆𝗼𝘂?Not decided yet? Think about the real reason many people spend their time striving to earn more money. … 🤔 … 🤔 Could it be that they want to trade it for more time, not…

We all make mistakes with our finances

Andy 14th August 2022 14th August 20220

… 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…

What you do against inflation matters

Andy 31st July 2022 31st July 20220

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…

Your Ability to Spot Financial Bullshit Predicts your Financial Well-being

Andy 17th July 2022 17th July 20220

𝗧𝗵𝗲𝗿𝗲 𝗮𝗿𝗲 𝗽𝗲𝗼𝗽𝗹𝗲 𝗼𝘂𝘁 𝘁𝗵𝗲𝗿𝗲 𝘄𝗵𝗼 𝘄𝗮𝗻𝘁 𝘁𝗼 𝗯𝗲 𝗿𝗶𝗰𝗵 – 𝘄𝗶𝘁𝗵𝗼𝘂𝘁 𝘁𝗵𝗲 𝗿𝗶𝘀𝗸, 𝘁𝗵𝗲 𝘀𝗮𝗰𝗿𝗶𝗳𝗶𝗰𝗲, 𝗼𝗿 𝘁𝗵𝗲 𝗱𝗲𝗹𝗮𝘆𝗲𝗱 𝗴𝗿𝗮𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗻𝗲𝗰𝗲𝘀𝘀𝗮𝗿𝘆 𝘁𝗼 𝗮𝗰𝗰𝘂𝗺𝘂𝗹𝗮𝘁𝗲 𝘀𝘂𝗰𝗵 𝘄𝗲𝗮𝗹𝘁𝗵.

Living within your means is …

Andy 3rd July 2022 3rd July 20220

I know, that’s not a really popular topic for investors & traders. But living within your means is not a ‘nice goal’ to have – it is a must. Here is why: 1️⃣ Those that don’t are in serious trouble…

Breathe and let be

Andy 19th June 2022 19th June 20220

Tough markets out there right now. How are you coping? The journey towards building wealth starts with the battle between your ears. 𝗦𝘁𝗼𝗽 𝘀𝗽𝗲𝗻𝗱𝗶𝗻𝗴 𝘀𝗼 𝗺𝘂𝗰𝗵 𝘁𝗶𝗺𝗲 𝗶𝗻 𝘆𝗼𝘂𝗿 𝗵𝗲𝗮𝗱! Instead, increase your exposure to humility during markets like these.…

An Elemental Financial Literacy Lesson

Andy 30th April 2022 30th April 20220

Are you still reading books on economic cycles, trading and hedging strategies to boost your financial literacy?Is the most powerful and important investment book among them? It is called ‘Shut Up and Wait.’* It’s just one page with a long-term…

Am I saving enough?

Andy 13th November 2021 13th November 202118

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

Have we reached peak oil demand yet?

Andy 6th June 2021 6th June 20210

Could it be that we have seen the peak in global oil demand back in 2019? I wouldn’t know. Due to COVID-19, experts are predicting that the oil demand peak might happen earlier than previously thought. BP says it could…

Tag: Prosper Slowly