- You probably aren’t as smart as you think you are
- In 5–10–15 years you will laugh at yourself
2. Read
- To speed up the process of negating point 1
3. Spending habits are just as vital as income
- If not more so
4. Don’t check your valuations
- It will help with buy and hold
- Stop speculation
- Stop worry
- Save time
5. Write down your goals.
- It helps with achieving those goals.
6. Focus on 80/20
- Example are save and invest now
- I thought `I am 18/19/20, I am too young to invest`. But from what I know now, every $1 would be worth a lot in the future
- That is just one example of being productive, others would include having a direct debit attached to my account so I could just automatically invest
7. Don’t care about volatility
- Markets go up and down
- Nobody can predict them
- No need to speculate or panic
8. Be rational
- Sounds obvious
- But the natural human impulse is to invest emotionally
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