You may not realize it, but your choice to commit to an expensive annual gym membership or to take on a $500 monthly car payment for a new vehicle could be tied to one factor: not getting enough sleep! While other influences affect decision-making, sleep is high on the list. After all, there’s a reason…
Have you ever been in this situation? You’re making steady progress, regularly paying down a significant debt. But then, your last big payment of $450 was essentially neutralized by your annual $450 gym membership. In other words, you took one big step forward, only to take another right back. Sure, you need your gym membership,…
In a previous post from September, we covered some famous adages and sayings from the world of personal finance. In this post, we go over other adages and sayings, but this time from the world of investing. These timeless investment adages serve as guiding principles, offering simple yet profound advice for navigating the complexities of financial markets. Each saying offers a unique perspective, but together, they emphasize the importance of discipline, patience, and an informed approach to investing. Integrating these principles into your own strategy might not guarantee success, but they provide a solid foundation for making smarter, more resilient financial decisions. Remember, investing is a journey, and the best strategies are those aligned with your financial goals, risk tolerance, and market understanding.
We recently returned from an incredible vacation, spending a week aboard the stunning Wonder of the Seas by Royal Caribbean, along with a few days exploring Florida before and after the cruise. While in Florida, we were fortunate to enjoy some beautiful beaches, explore Universal Orlando’s Islands of Adventure and Volcano Bay, and even had…
If you’re new to the world of investing, you’ve likely encountered terms like index funds and ETFs, which have recently gained significant popularity. These are examples of “directed investments,” appealing for their hands-off approach, low costs, and other benefits. On the other hand, there is the traditional method of investing, where individuals research and select…
As part of my investment strategy, my portfolio is spread across several accounts, including a work-funded account and others where I pay no transaction fees. Additionally, I set aside a fixed amount each week, and once it reaches a certain threshold, I use that money to purchase new investments, such as stocks, bonds, or ETFs….
Ever considered saving for a sunny day, instead of the old adage about saving for a rainy day? And I mean this literally—saving for that sunny day at the beach, or whatever your version of sunny is. If saving for a rainy day sounds dull and uninspiring, why not reframe it into something more positive…
The formula for becoming wealthy and financially independent is fairly simple, though applying it can be challenging. It goes like this: save and invest as much as possible, starting as early as you can. If you begin in your early-20s, you could achieve your wealth goals by your mid to late 30s, rather than having…
When navigating the realm of personal finance, it’s easy to get lost in a sea of terms, adages, and sayings. While some may be immediately clear, others can be more nuanced. Understanding the meaning and intent behind these phrases can significantly enhance your ability to manage your finances effectively. After all, enduring proverbs and sayings…
Following on our original post on ’10 Life-Changing Books on Wealth and Personal Growth: Discover the Secrets Behind Their Impact’ , here are some lesser-known but impactful books on wealth and personal development, along with their key theses. I would like to confess to have never read number 2 and 7 on the list, but…