Learn more about moneyandinvestments with this collection
Understanding the basics of cryptocurrency
How to store cryptocurrency securely
Risks and benefits of investing in cryptocurrency
Podcast: Key Takeaways
- We spend our whole life thinking about what we can’t do with our money, so it’s hard to imagine your rich life initially
- A rich life is not a number; it’s understanding you and your partner’s values/interests and achieving them without the influence of society
- What is your rich life? Talk about this with your partner
- Money is opaque and unclear to compare across situations
- We always try to compare ourselves to others but it’s more important to take a deep dive into understanding your goals
- Spending/saving habits are not always directly correlated to wealth
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891 reads
MORE IDEAS ON THIS
Saving Could Be Worse Than Spending
- Everyone is taught how to save money but nobody teaches you how to spend money
- Family history can be very influential on this
- Many people collect money eternally without having any rewarding goals
- Would you rather end up at 60 years old with more money or more experie...
63
596 reads
Defining A Rich Life
- Most people have never thought about this question, individually and as a partnership
- People’s feelings on how they are doing financially are highly uncorrelated with their actual financial status
- Americans love to compare themselves to their neighbours
- Financial plan...
63
574 reads
Counselling Exercise With Your Partner
We spend our whole life thinking about what we can’t do with our money, so it’s hard to imagine your rich life initially
Step by step process with your partner:
- On separate pieces of paper, write down your bucket list
- Share them with each other
- Pi...
68
476 reads
The 100 Dollars Challenge
In the next 48 hours, spend $100 on something you love. Can not be on kids, family, or charity. On yourself
Challenge is made for people who have trouble spending, designed to create a habit of spending money on things that are valuable to you
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617 reads
Weekly Financial Meetings
- You’re off to a bad start if one person is dragging the other to the meeting
- Don’t blame, always ask questions to understand the context around spending/saving habits
- Spend less time looking at fixed expenses (rent, groceries, gas), spend more but still little time on variabl...
63
440 reads
CURATED FROM
IDEAS CURATED BY
"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
Related collections
Other curated ideas on this topic:
Key Takeaways
- Money is not just a tool for buying things, it also shapes our emotions & attitudes in ways that can be both positive and negative.
- The way we think about money is often irrational & influenced by emotions, which can lead to poor financial decisions.
- The role of luck in finan...
Accumulated Wealth
Being rich is, at its very core, about being patient with your money and the accumulation of knowledge, experience and your net worth. If you are investing in appreciating assets instead of spending it on liabilities (like a fancy car), you will experience true wealth.
If we curb our resta...
Trust Your Financial Habits
We need to adopt healthy financial habits, taking care of our money and trusting the process that builds wealth through saving and investment.
Keep content with your current life and enjoy what you can, while saving big. As you grow into your thirties and forties, save and invest as much ...
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