I read a psychology blog the other day describing three types of mistakes people make.
The first is when you purposely take on risk to achieve a specific goal.
The second is the result of weaknesses in our skill set, character or awareness.
And the third is revealed at significant moments when we revisit our priorities and perhaps realise we could have made better life choices...
These are often life-changing and help guide the decisions we make in the future.
Now let's look at how some of these mistakes happen with our finances...
A few years ago, a U.S. Admiral delivered one of the most inspiring speeches of the decade.
He shared the important lessons he learned in the navy and one which he believed is most important...
Making your bed.
His message spread like wildfire and it's something that still resonates with me today...
I've had many opportunities to share my thoughts on the idea of retiring early.
Just these past few weeks, newspapers, a radio station and a news channel reached out for a comment or two.
It seems to be a hot topic among expat investors.
Here's my take on the movement...
And how the principles can benefit anyone.
[Estimated time to read: 4 minutes]
Did you know...
If you fold a piece of paper 103 times it will be as thick as the entire universe?
Think about that for a second.
It's incomprehensible, isn't it?
Exponential growth is like a supernatural force.
And it can do more for your money than you'll ever be able to on your own...
I was watching Peaky Blinders the other night.
The latest episode takes place during the stock market crash of 1929.
The protagonist, Thomas Shelby, is upset about not withdrawing his money.
Worried he may lose out by staying invested.
Of course we know the opposite to be true…
(Don’t worry this blog doesn’t contain spoilers).
Go to bed smarter than when you woke up.
That’s the Buffett formula.
The world’s greatest investor once gave students the following advice:
“Read 500 pages a day. That’s how knowledge works. It builds up, like compound interest.”
Nice thought, isn’t it?
Here’s my list of finance books to help put this into action.
The Internet has made all of our lives easier.
In some ways, it’s made it harder.
With the vast expanse of information readily available…
It can feel impossible to decipher what’s right and wrong.
But investing is simple.
You just need to know these unchanging truths.