7 Lessons from Just Keep Buying
(thread)
(thread)
1) The three primary reasons why
you should invest:
1)To save for your future self.
2)To preserve your money against inflation.
3)To replace your human capital with financial capital.
you should invest:
1)To save for your future self.
2)To preserve your money against inflation.
3)To replace your human capital with financial capital.
2) Spending money in the following ways was most likely to increase your overall happiness:
-Buying experiences
-Treating yourself
-Buying extra time
-Paying upfront
-Spending on others
-Buying experiences
-Treating yourself
-Buying extra time
-Paying upfront
-Spending on others
3) Savings and Investment Returns Have Varying Impact Over Time
4) What are some good ways to convert human capital into
financial capital? Here are five methods you should consider:
1. Sell Your Time/Expertise
2. Sell a Skill/Service
3. Teach People
4. Sell a Product
5. Climb the Corporate Ladder
financial capital? Here are five methods you should consider:
1. Sell Your Time/Expertise
2. Sell a Skill/Service
3. Teach People
4. Sell a Product
5. Climb the Corporate Ladder
5) The 2x Rule
6) The only right way to spend money is the way that works for you.
7) The right time to buy a home is when you can meet the following conditions:
-You plan on being in that location for at least ten years.
-You have a stable personal and professional life.
-You can afford it.
-You plan on being in that location for at least ten years.
-You have a stable personal and professional life.
-You can afford it.
Work on Mental Models:
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- learn big ideas
- practice critical thinking
Grab Your Copy Here:
gumroad.com
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