The 5 Principles Behind the 10 Secrets
Curated from: InstituteofTrading
Ideas, facts & insights covering these topics:
5 ideas
·39 reads
1
Explore the World's Best Ideas
Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.
1. Acceptance: The First Step to Financial Freedom
- Acceptance of capitalism's benefits, despite its flaws, is key to financial growth.
- Respecting money as a tool without becoming emotionally tied to it ensures that you use it wisely.
- Seeking alternative education sources, such as learning from real-world entrepreneurs, provides practical financial knowledge that traditional schools often miss.
- Traveling also broadens perspectives, helping you evaluate different economic systems and make smarter financial choices, ensuring your freedom and security in various financial ventures.
2
12 reads
Self-Determination: Taking Control of Your Finances
- Understanding assets and liabilities is crucial. Owning a home with a mortgage may seem like an asset, but it is often a liability until paid off (the bank owns it until it is paid off; you are an income generating machine for the bank).
- Renting can offer more financial flexibility, freeing up money for higher-yield investments (REITs).
- Building your own investment portfolio, rather than relying on traditional pensions, ensures better returns and long-term security.
- Taking control of these aspects allows for greater financial autonomy and growth.
2
8 reads
Freedom: The Ultimate Financial Asset
- Valuing your time is essential to achieving financial freedom.
- Time, unlike money, cannot be replaced, so using it wisely matters.
- Avoid low-value activities, such as excessive smartphone use, which can drain your productivity and waste precious hours. (check my profile for an article about ""
- By focusing on meaningful tasks and optimizing how you spend your time, you can unlock greater financial potential and lead a more purposeful life.
2
6 reads
Risk IQ: Understanding and Managing Financial Risks
- Risk is subjective and varies by situation. What might seem like a high risk to one person may be minimal to another with higher liquidity or income.
- Liquidity, or buying power, enables you to take calculated risks, making it easier to seize opportunities.
- By maintaining accessible cash reserves, you can better manage financial risks and take advantage of strategic investments that enhance your financial growth.
2
6 reads
Hierarchy: Seeking Proper Role Models and Information
- Mainstream media often promotes misleading financial ideas for profit, so it's crucial to seek unbiased, data-driven sources.
- Choose role models who demonstrate financial wisdom and long-term success rather than celebrities whose wealth may not be sustainable.
- Following individuals with genuine liquid wealth (1m+ in cash) and practical advice can guide you on your path to financial success, ensuring you're learning from those with proven expertise.
2
7 reads
IDEAS CURATED BY
CURATOR'S NOTE
Anton Kreil - ex Goldman Sachs trader explains 5 principles behind 10 Secrets to Achieve Financial Success
“
Similar ideas
5 ideas
3 ideas
Jordan Peterson with Robert Breedlove discussing fiat & bitcoin
Robert Breedlove
18 ideas
How People Think
collaborativefund.com
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates