Learn more about moneyandinvestments with this collection
How to manage risk
How to analyze investment opportunities
The importance of long-term planning
So many of us have all kinds of big desires that are simply not realistic. Look, I’m all about thinking big. But you should never think that life is only good when you live big.
It’s easy to get stressed when we don’t achieve our expectations. And in today’s world, everyone seems to have sky-high expectations.
Solution: Focus on the process, not the outcomes
When you set goals, it’s tempting to think about the outcomes first. Everyone wants to get in better shape, travel to nice places, earn more, and so forth.
So simply focus on a process you can work on consistently.
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There are many things money can buy, but the most valuable of all is freedom. Freedom to do what you want and to work for whom you respect.
Earning more is not the solution. More money entraps you, keeps you in shackles. Lesser money, but with more freedom is the key.
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167 reads
Many stick to a job they hate because of the “benefits.” That’s how much they prioritize stability.
So many of us are in that position. We hate our job, but we’re used to a certain lifestyle, so we need a similar job or income to get by.
Sometimes you need to take a s...
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150 reads
Managing money isn’t something we usually learn in school. And if one grew up in a family that lived from paycheck to paycheck, it’s harder to make wise financial decisions as an adult.
How you spend, save, get into debt, and invest depends on you. How other people manage their mon...
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186 reads
56% of Americans can’t cover a $1,000 emergency expense with savings.
Emergencies happen. It’s not a matter of if but when. Your washer breaks, you slip and injure yourself, a loved one gets sick, and so forth.
Solution: Build your emergency fund, little by little. Sa...
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166 reads
Money is the biggest cause of stress in the United States, according to the American Psychological Association.
You can also find that back in medical statistics. 75% to 90% of all doctor’s office visits are for stress-related ailments and complaints including chest pain, headaches, high bl...
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230 reads
Most people assume that more money is the answer.
But simply having more income won’t solve your money problems. While we all want to earn more, there are deeper, underlying issues we need to resolve first.
The first step to getting rid of money stress and living a healthier, happier ...
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204 reads
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Ramit Sethi lists his favourite approaches to money:
The 2–Minute Rule allows you to develop a process of consistently taking action, regardless of goal achievement. The focus is on taking action and letting things flow from there.
The 2–Minute Rule works for big and small goals because of the inertia of life. Once you start doing some...
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