Day 1 - Deepstash

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Day 1

Day 1

  • Right time to start investing is TODAY.
  • Don't make big decisions when reeling under debt.
  • Liquidity is critical.
  • Have excess cash? Wait for the right time.
  • Diversify based on what works for you.
  • Take loans only for things that appreciate in value.
  • Live within your means always.
  • When in need of money, don't break mutual funds.
  • Our income is not capped but our spending can be.
  • Know the value of your time.
  • Avoid FOMO investing like Bitcoin.
  • Start a company, own stocks, create rental income > Renting your own time.
  • Take risks early on.

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2.4K reads

MORE IDEAS ON THIS

Day 4

Day 4

  • Dont be afraid of letting your close ones down if you fail. Speak to them clearly and you will realise that they stand by you irrespective.
  • People can see through your face and eyes if you don't enjoy your work.
  • Not having time = not thinking of it as a pr...

142

1.47K reads

Day 3

Day 3

  • The most important and the least practised, are the things that internet keeps on telling us.
  • Being calm despite the storm is a powerful skill.
  • Emotional debt kills more people.
  • You procrastinate due to fear, not because you are lazy.
  • Bei...

136

1.67K reads

Day 5

  • We are usually addicted to emotions that the things we desire for will generate.( car, house etc)
  • Safe is not better than sorry. Risk is better than regret.
  • The way you respond to the world is how the world will treat you further on.
  • Best way to g...

143

1.41K reads

Day 2

Day 2

  • Gold is an investment, while jewelry typically is not.
  • Asset is not defined by how expensive it is.
  • Your salary has nothing to do with the wealth you can make. Your net worth is not defined by how much you earn.
  • Once you get rich, give money to t...

132

1.84K reads

CURATED FROM

IDEAS CURATED BY

varshadas

Every book is a journey, and I'm here to invite you to join me on the adventure of a thousand words.

Compilation of day wise learnings from this EPIC book on health, happiness, money, habits and so much more.

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Other curated ideas on this topic:

When To Take On Debt

Debt is a liability unless you use it to finance income-generating assets. Don't take on debt for anything that does not increase in value over time.

Suitable forms of debt include buying real estate as a rental property, investing in your business, or a student loan.

Four Steps To Building Wealth

Four Steps To Building Wealth

  1. Don’t Be a Consumerist: keep your expenses as low as possible without sacrificing the quality of life. Spend money on things that yield lasting benefits.
  2. Have An Emergency Fund: this gives you freedom and peace of mind to deal with issues without having to upset your lo...

Smart retirement planning boils down to a few simple truths.

Smart retirement planning boils down to a few simple truths.

  • Time is on your side.  The earlier you start saving money, the more time you give compounding to work for you. 
  • Take risks when you're young.  Although stocks are three times more volatile than government bonds, it earns nearly twice the average annual return.

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