Parent Rule
Break down the investments your parents made in you: Time, Love, Energy, and Money.
If they are still alive, aim to hit a positive ROI (or at least break even.)
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The most useful razors and rules I've found!
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Parent-child relationships
One of the most fundamental components of making a positive change in your life is developing a healthy relationship with your parents — whether they are alive or not.
Suppressed emotions and trauma lead people to unhealthy and addictive cycles.
Rule #3: Make Friends With People Who Want The Best For You
- It’s appropriate and praiseworthy to associate with people whose lives would be improved if they saw your life improve.
- If you surround yourself with people who support your upward aim, they will not tolerate your cynicism and destructiveness
- But mostly they are dragging you ...
Diversify your investments
Having an effectively diversified portfolio will ensure that if one of your investments moves down, your overall investments will still keep you moving forward.
Mutual funds are a good way to diversify because they are already diversified to represent the index markets.
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