Money - Deepstash

23 STASHED IDEAS

Mahatma Gandhi

“Live as if you were to die tomorrow. Learn as if you were to live forever.” 

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The habit of saving more

One mistake that most people do when they start earning more is allowing lifestyle creep. The ideal way to wealth is to let your expenses stay the same while your earnings increase, which in corollary would mean you create more savings, year on year. This should not also mean that you be thrifty to the extent of denying yourself necessities. Strike a balance.

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Diversification is considered to be the only free lunch in investing. In a nutshell, by investing in a range of assets, you reduce the risk of one investment's performance severely hurting the return of your overall investment. You could think of it as financial jargon for "don't put all of your eggs in one basket."

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