I’ve spent the past year writing about money. Here’s a list of the highlights that came out of it so far.
- Diversifying your income sources helps you sleep a bit better
- Having a cash buffer in your checking account is invaluable
- People get super weird when you talk about money
- Investing is much easier than you’d expect
- Your money habits are the best reflection of your personality
- It’s very possible to retire before you’re 65
- Being debt free amplifies wanderlust
- Paying off debt is just the beginning
- Market declines are normal and present some good opportunities
- Buying a house when you’re young isn’t always best
- Good money habits == happy marriage
The foolish investor works for every dollar. The wise investor lets every dollar work for them.
The foolish investor gambles. The wise investor doesn’t risk more than she’s willing to lose.
The foolish investor gains his investment knowledge through the news. The wise investor gains her investment knowledge through books.
The foolish investor sticks to minimal assets classes. The wise investor diversifies.
The foolish investor loses sleep over making money. The wise investor makes money in her sleep.
The foolish investor becomes fearful in market declines. The wise investor becomes greedy.
The foolish investor believes bull markets last forever. The wise investor knows that nothing lasts forever.
The foolish investor’s mood fluctuates with the stock price. The wise investor doesn’t let emotions get in the way.
The foolish investor questions when to start investing. The wise investor started investing yesterday.
The foolish investor blindly trusts investment advisors. The wise investor understands that investment advisors aren’t her friends.
The foolish investor follows fortune tellers. The wise investor follows fortune makers.