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How We Use Money
There is a natural tendency to spend the money we earn, instead of saving or investing. If we watch how rich people utilize wealth, we can learn a lot from them and change our financial mindset.
One has to invest money no matter how less the income is, choosing something that is secure and gives decent returns, like an index fund.
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Money Is Freedom
Remember that money is freedom.
Whenever we buy something, we are giving up our time and freedom, because if we save that amount, and become extremely rich, we would have a lot more freedom to do whatever we want.
183
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Trust Your Financial Habits
We need to adopt healthy financial habits, taking care of our money and trusting the process that builds wealth through saving and investment.
Keep content with your current life and enjoy what you can, while saving big. As you grow into your thirties and forties, save and invest as much ...
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622 reads
Learning Is Like Building Wealth
The more we learn, the more we can apply that to create value for other people. The more value we create for others, the more we would earn.
Like knowledge, one has to be generous with money, trying not to cling to it. Even if we lose some money in some ge...
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622 reads
Don’t Obsess Over Your Retirement
Don’t be scared of what will happen to you when you retire. If you have followed the basic principles of saving, investing and learning(self-improvement), you will do fine.
Have a year’s worth of financial buffer and work on your skills to keep improving and seeing more mo...
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Stoic Path To Wealth: Grow Money
Stoic investors make smart, balanced bets. Most of us invest in secure funds with low returns. Investors looking at bigger returns opt for index funds. If you are okay with losing money, that does not mean that you should.
The 90/10 investing thumb rule states that we should put 90 percent...
Saving Money May Be Worthless
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...
Forming the habits of an investor
Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.
- An investor puts any excess money towards investments that will earn more capital.
- They value learning new skills and think of ways to use it...
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