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If you want to start investing, open this:
1. Education
Before you even start actively investing your money, you should educate yourself and never stop doing so.
Attend seminars, read books by great authors like Jim Simons, Benjamin Graham, Robert Kiyosaki, Mohnish Pabrai and James Clear and listen to podcasts.
Before you even start actively investing your money, you should educate yourself and never stop doing so.
Attend seminars, read books by great authors like Jim Simons, Benjamin Graham, Robert Kiyosaki, Mohnish Pabrai and James Clear and listen to podcasts.
2. The Game Plan
Live below your means.
You should value your freedom of autonomy more than buying nice things you wanna have right now.
Use that money to educate yourself and start investing.
Being willing to delay your gratification is a must!
Live below your means.
You should value your freedom of autonomy more than buying nice things you wanna have right now.
Use that money to educate yourself and start investing.
Being willing to delay your gratification is a must!
3. Lifestyle
Surround yourself and connect with like-minded people with similar goals and passions.
Work out and eat healthy because a healthy body is the foundation of a healthy, productive and smart mind.
Surround yourself and connect with like-minded people with similar goals and passions.
Work out and eat healthy because a healthy body is the foundation of a healthy, productive and smart mind.
4. Risk
Risk is what is left over after you thought you took everything into account.
It is unpredictable and noone is safe from it.
Risk is gonna decrease over time when you make long term investments and don´t worry about short term volatile market situations.
Risk is what is left over after you thought you took everything into account.
It is unpredictable and noone is safe from it.
Risk is gonna decrease over time when you make long term investments and don´t worry about short term volatile market situations.
5. Investment Fields
Identify which types of investments fit you, your skills and your goals the most.
However, you shouldn´t bet all your money on the same horse and instead look to invest in different areas like stocks, funds, bonds, raw materials and real estate.
Identify which types of investments fit you, your skills and your goals the most.
However, you shouldn´t bet all your money on the same horse and instead look to invest in different areas like stocks, funds, bonds, raw materials and real estate.
6. Losses
Losing money once in a while is normal but you shouldn´t think that you lost money because you necessarily messed up.
Look at it as a fee for investing and making profitable returns over time instead of a fine that needs to be paid for doing something wrong.
Losing money once in a while is normal but you shouldn´t think that you lost money because you necessarily messed up.
Look at it as a fee for investing and making profitable returns over time instead of a fine that needs to be paid for doing something wrong.
7. Decision Making
Beware of the difference between acting upon emotion or rational thoughts.
One is not better than the other.
Sometimes, acting reasonably instead of rationally even when the numbers don´t add up on your spreadsheets, could lead to huge success.
Beware of the difference between acting upon emotion or rational thoughts.
One is not better than the other.
Sometimes, acting reasonably instead of rationally even when the numbers don´t add up on your spreadsheets, could lead to huge success.
8. Knowledge
As you start investing, you should develop a greater understanding of how global economy and finance works.
Educate yourself in a lot of different fields and follow the news closely to be able to make accurate assumptions on how the market situation might change.
As you start investing, you should develop a greater understanding of how global economy and finance works.
Educate yourself in a lot of different fields and follow the news closely to be able to make accurate assumptions on how the market situation might change.
9. Patience
Sustained long term investments beat short termed high return interests over time due to compound interest.
Fun fact: Warren Buffet accumulated 97% of his wealth after his 65th birthday.
Sustained long term investments beat short termed high return interests over time due to compound interest.
Fun fact: Warren Buffet accumulated 97% of his wealth after his 65th birthday.
10. Benchmarks
Don´t compare your profits and returns to those of other investors.
Measure your success by what makes you happy and what your goals are.
Investing is not a race and you don´t have to feel ashamed nor entitled based on how little or how much profit you made.
Don´t compare your profits and returns to those of other investors.
Measure your success by what makes you happy and what your goals are.
Investing is not a race and you don´t have to feel ashamed nor entitled based on how little or how much profit you made.
Work on your Mental Models:
- think better
- think in new ways
- master skills to breakthrough
Understand new skills to make wiser choices and take better actions.
Grab your copy here: https://6lifelessons.gumroad.com/l/efenwp ">https://6lifelessons.gumroad.com/l/efenwp&...
- think better
- think in new ways
- master skills to breakthrough
Understand new skills to make wiser choices and take better actions.
Grab your copy here: https://6lifelessons.gumroad.com/l/efenwp ">https://6lifelessons.gumroad.com/l/efenwp&...
Thank you for reading
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