Personal Finance Philosophies · Collaborative Fund

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.

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.

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.

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.

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.

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.