Profession and Business - Deepstash
How to Succeed at Investing

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How to create a diversified portfolio

How to analyze stocks and bonds

Understanding the basics of investing

How to Succeed at Investing

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Profession and Business

Profession and Business

Your profession pays the bills, but your business is what will make you wealthy.

Profession is what you do from 9-5. It is what pays the bills, buys the groceries and covers other living costs.

Business, is what you invest your money and time, to grow your assets. Investments in real estate, stock market trading, etc.

Your profession often funds your business intially; therefore, it's wise to keep your day job until your business starts to show sustainable growth. When they do, your assets become your main source of income. And that is the sign of true financial independence.

360

1.75K reads

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Assets and Liability

Assets and Liability

Invest in Assets, and avoid Liabilities

Knowing the difference between an asset and a liabiltiy is necessary to ensure you're making strong investment decisions.

Asset - Makes you money

Liability - Costs you money

Invest in more assets, l...

343

1.85K reads

Fear and Greed

Fear and Greed

Fear and greed can drive financially ignorant people to make irrational decisions.

If you have money, you are likely to focus on all the new things it can buy (greed). If you don't have it, you worry you might never have enough (fear).

People who are ignorant about ho...

366

3.83K reads

A summary

A summary

Because we're not trained in financial intelligence in school it's up to us as individuals to develop this trait by ourselves. We are only likely to become rich or financially independent once we have both a stronf financial IQ and a firm, ambitious mindset to support it. In the end, what you inv...

314

1.74K reads

Risks

Risks

To become wealthy, one must learn to take risks.

Insanity is defined as doing the same thing over and over again, and expecting different results. If you wish to change your current financial state, you'll need to start handling your finances differently.

The biggest ...

344

2.2K reads

Financial Intelligence

Financial Intelligence

Despite being vital for both personal and societal prosperity, we receive no training in financial intelligence.

Being rich is not about being talented or capable. The world is full of such people, and most of them are poor. What they lack, is financial intelligence, an apt...

338

2.85K reads

Taxes

Taxes

Understand the tax rules to help you minimize your taxes.

By becoming aware of how the "system" works in your country, you may be able to regally reduce how much money the goverment takes from you.

322

1.94K reads

Realistic appraisal of finances

Realistic appraisal of finances

Financial self-education and a realistic appraisal of finances are the building blocks of growing wealthy.

Earlier you start at building your personal wealth, the better. If you begin at 20, you're far more likely to become rich, than at 30.

Set financial goals based ...

325

2.62K reads

Laziness and Arrogance

Laziness and Arrogance

Laziness and arrogance can drive even financially knowledgeable people to poverty.

Personality pitfalls, like laziness and arrogance can hamper and even reverse the journey to wealth. Laziness is ignorance to certain variables, or even avoiding to make the right financial d...

326

2.02K reads

Motivation

Motivation

The road to wealth is long, so you must keep yourself motivated.

Journey to wealth is hard, long, and trying. It's easy to lose heart when you watch your risky investment suddently tumble. During such setbacks, you'll need to find ways to stay motivated.

Make lists of...

330

2.09K reads

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