Learn more about moneyandinvestments with this collection
How to create a diversified portfolio
How to analyze stocks and bonds
Understanding the basics of investing
How you can invest in yourself
The foundation for every personal pursuit in life is to invest in yourself. It can take years. How you can do it:
- Learn to build something. If you can create something valuable with limited resources, you can create value.
- Learn a rare and valuable skill.
- Build a network of people who are doing well in life.
- Save enough money to live on for at least six months.
A good supply of ideas is the first pillar of wealth building.
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MORE IDEAS ON THIS
Income generation
Once you have ideas, you want to put your ideas to work. If you do that, you can start creating value. When we create value, we generate income.
During the pandemic for example, most restaurant owners had to focus on other ideas to generate income. Building wealth...
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Protecting your assets
Once you've acquired some wealth, you want to protect that from external factors.
You want to keep your assets safe from legal institutions and ensure you don't pay more tax than required. You will have lawyers and accountants to take care of these items.
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Capital allocation
At some point, you've acquired enough wealth so that you're only moving around your resources. You will generate value and cash by selling one stock and buying another, or selling land and buying a cash-generating asset.
Successful investors put their wealth to work so that it will not onl...
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Asset investing
It is anything that will increase your wealth without personal labor.
- Businesses. This is a broad asset class. You can buy dividend-stocks on the market, and then the companies will pay you a share of the profit. You can start your own business. You can buy into othe...
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3. How Much Money You Have
People measure their self-worth by the size of their bank accounts.
- Sometimes they feel like they just can’t acquire enough wealth to be “valuable enough.”
- To prove their worth, they create a façade of wealth by going deeply into debt in hopes of a luxury car o...
7 Things You Need To Understand About Anxiety And Depression
No, we are not over yet. After discussing the topic with my friend’s Dad (he is a doctor), I’ve made a list of things you need to understand and avoid anxiety attacks (hard to breathe moments).
- Think of your anxiety as a biological problem, rather than thinking there is something wron...
How to study 📚🦋💻📑
Get organized
- Carry a homework planner at all times. Entering homework, projects, tests and assignments as soon as they are assigned will make sure they aren’t forgotten about.
Pay attention in class
- It’s important to concentrate and avoid distractions when t...
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