Personal Finance Philosophies · Collaborative Fund - Deepstash
Personal Finance Philosophies · Collaborative Fund

Personal Finance Philosophies · Collaborative Fund

Curated from: collaborativefund.com

Ideas, facts & insights covering these topics:

8 ideas

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Bad Stuff Can Happen To You

Bad Stuff Can Happen To You

The risk of unpleasant things happening is always there for everyone, and though it seems that job loss, divorce, financial fraud etc. only happens to other people, no one is exempt from these things, given enough time.

113

1.2K reads

Save Like A Pessimist

To save like a pessimist and invest like an optimist sounds like a contradiction, but life is about duality and certain contradictory actions have to be taken.

One has to survive in the short run and enjoy the good results in the long run.

135

817 reads

The Social Benefits Of The Things We Buy

When purchasing a new flashy phone or car, we tend to overestimate its social benefits and think that we would be admired.

Most people who notice the nice stuff are imagining it having themselves, not giving you any importance because you own it. Buy stuff for yourself, not to show off.

128

678 reads

Change Is The Only Constant

The world is always in flux. One has to be patient and even stubborn in the right proportions instead of strictly adhering to some investment strategy that may be obsolete in this rapidly evolving world.

Any investment strategy needs to survive a disaster or a drastic change to be proven.

110

633 reads

Money As Freedom

Money lets you do what you want, when you want, how you want and for as long as as you want, something which is often overlooked when we waste money on impulse purchases and unnecessary expenses.

Investing for your own independence and freedom should be the greatest motivator.

149

690 reads

Compounding Takes Its Own Course

Cheating or taking shortcuts leads to financial mistakes. Money can work hard by itself to generate more money, provided it is not forced to do it faster than required.

One has to embrace the inherent flaws and work towards investing by taking into account the various financial mistakes that keep on happening.

114

558 reads

The Power Of Scarcity

We have to make sure that we and our future generations understand what scarcity of money feels like.

We have to endow them essential skills for surviving without money, and help them realize what’s needed and what’s simply desired.

117

510 reads

There Is No Right Answer That Applies To Every Situation

While a few universal laws do exist, there are as many right answers as there are people in this world.

One cannot compare with everyone’s unique situations and personalities and make investment rules that they think would work for all.

103

537 reads

IDEAS CURATED BY

ang_

"There's no money in poetry, but then there's no poetry in money, either." ~ Robert Graves

Angela 's ideas are part of this journey:

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