4th Step - Deepstash
4th Step

4th Step

Saving and investing are critical components of personal finance that help you build wealth and achieve financial goals over time. When saving and investing, consider your risk tolerance, investment goals, and time horizon.Β 

41

527 reads

CURATED FROM

IDEAS CURATED BY

addingvalues

Adding Values is a new innovative way to learn new things, you will get Brainstorming things at your Finger Tip. We are committed to giving Valuable knowledge to the People of the World.

Are you a beginner in personal finance? Don't worry; we've got you covered! Here are some tips to help you achieve financial stability and security in the long run.

β€œ

The idea is part of this collection:

Behavioral Economics, Explained

Learn more about motivationandinspiration with this collection

How to make rational decisions

The role of biases in decision-making

The impact of social norms on decision-making

Related collections

Similar ideas to 4th Step

Know your risk appetite

Know your risk appetite

  • Know the difference between low-risk and high-risk investments.
  • Knowing yourΒ ownΒ risk tolerance.
  • Your risk tolerance depends on your age, fin...

Investing and Speculating

Investing and Speculating

  • Difference between investing and speculation is a matter of risk tolerance, with speculation being closer to gambling.
  • The truth is that there’s no clear cut line between them, asΒ allΒ investing carries risk.
  • Still, there are differences wort...

19. All Together Now

19. All Together Now

Few recommendation for better financial decisions:

  1. Luck and risk are both real and hard to identify
  2. Less ego, more wealth
  3. Manage your money in a way that helps you sleep at night
  4. Time is the most powerful force in investing
  5. Become OK with a lot of things...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

β€”

100+ Learning Journeys

β€”

Access to 200,000+ ideas

β€”

Access to the mobile app

β€”

Unlimited idea saving

β€”

β€”

Unlimited history

β€”

β€”

Unlimited listening to ideas

β€”

β€”

Downloading & offline access

β€”

β€”

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