Learn more about personaldevelopment with this collection
How to practice self-compassion
How to identify and challenge negative self-talk
How to build self-confidence
• Saving money and investing money are both good habits. Small amounts of money invested regularly for many decades without deliberation is one path to wealth.
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• The purpose of a habit is to remove that action from self-negotiation. You no longer expend energy deciding whether to do it. You just do it. Good habits can range from telling the truth, to flossing.
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• Never use a credit card for credit. The only kind of credit, or debt, that is acceptable is debt to acquire something whose exchange value is extremely likely to increase, like in a home. The exchange value of most things diminishes or vanishes the moment you purchase them. Don’t be in debt to ...
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• To make something good, just do it. To make something great, just re-do it, re-do it, re-do it. The secret to making fine things is in remaking them.
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• Separate the processes of creation from improving. You can’t write and edit, or sculpt and polish, or make and analyze at the same time. If you do, the editor stops the creator. While you invent, don’t select. While you sketch, don’t inspect. While you write the first draft, don’t reflect. At t...
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Other curated ideas on this topic:
Consistent investing is essential. Investing as a habit will pay off in the long run.
It is most important to start with earning more, then saving more, then investing. People want to skip the first two steps and day-trade themselves to wealth, but most will only lose mone...
When it comes to the power of compound returns in the stock market, there are five very important takeaways:
The mere act of saving money by itself does not make one rich, or wealthy. Saving is not the magic sauce of retiring early and enjoying life to the fullest.
Wealth comes from investing. It is a direct effect of what we do with the money we save. Saving may well...
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