With any product/service/commodity, you can choose to save it,... - Deepstash

With any product/service/commodity, you can choose to save it, consume it, lend it, invest it or any combination of the four.

Each choice is dependent on your appetite for risk & reward

4

16 reads

The idea is part of this collection:

The Psychology of Money

Learn more about books with this collection

How to develop a healthy relationship with money

How to create a budget

The impact of emotions on financial decisions

Related collections

Similar ideas to

Waiting for Financial Independence

Everything has an opportunity cost. To choose to invest time in one thing means deciding not to invest time in all the other things. It can mean missing the gains you could have been making in the direction you really wanted to go. Pursuing any calling comes with risk. When there's uncertai...

A Million Miles To Go

Not many people are able to continue their new year resolutions after about four months. It is only after many annual resolution abandonments that a small number of people succeed. The initial steps are hard.

Kaizen, the theory of ‘one small step’ has two aspects:

    ...

How to train your corporate mind

How to train your corporate mind

  1. Get Passionate. This is the key to career success and fulfillment in any field.
  2. Be Bothered by Inefficiency. Consider whether there are places you could implement solutions (or at least recommend improvements).
  3. Take on More Risk. More risk, more rewar...

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.

Email

I agree to receive email updates