Learn more about moneyandinvestments with this collection
How to manage risk
How to analyze investment opportunities
The importance of long-term planning
When it comes to financial independence, people often talk about increased salary or how much they need for a comfortable retirement.
It’s good to have goals for your savings, income and retirement fund, but it’s unhelpful when we don’t consider why we’re working towards financial independence in the first place.
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89 reads
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Lifestyle is more important than income
Most people want to earn more and achieve financial independence so that they can stop chasing after money forever.
However, everyone knows that it's better to live below your means. You can always find ways to enjoy life without living from paycheck to paycheck.
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Financial independence doesn’t need to be Instagrammable
Too many blogs that promote financial independence focus excessively on luxury items. However, it's a serious risk when you get addicted to consumerism. It leads to a cycle of earning more and spending more.
Many people earn millions, spend millions and still feel they're broke. But, whethe...
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74 reads
More money doesn’t always mean financial independence
More money doesn't mean you're financially free. Worse, when we earn more, we often have more problems.
Chasing after money means sacrificing other things, such as your time, friends and energy, so you may barely enjoy life.
Adopting a long-term mindset to building wealth means you ...
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72 reads
The need for financial independence
When it comes to financial independence, people often talk about increased salary or how much they need for a comfortable retirement.
It’s good to have goals for your savings, income and retirement fund, but it’s unhelpful when we don’t consider why we’re working towards financial independ...
8
111 reads
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Other curated ideas on this topic:
Benchmarks Can Raise Stress
Financial experts often use general benchmarks to set standards for financial wellness, such as an emergency savings fund covering three to six months of expenses, or the amount needed for retirement.
But if you are feeling financial stress, these targets can feel intimidating. Overly ...
Guilt is an informative emotion
It’s often a sign we’re not acting in accordance with our values.
The guilt of not working stems from two places:
- From the fact that we value working hard.
- We consider the opportunity cost of our actions whenever we’re not working—what we...
“Poor dad” vs "Rich Dad" Mentality
The “Poor dad”, a stereotype for the regular salary man, believes that one should work for money as an employee at a stable job. This mentality can trap a person into working a job they don’t love, but is willing to stick with because they have to pay the bills.
The "Rich...
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