15 Money lessons every father should teach his child:
1. Don't keep too much money in your bank account
In the short term investing is risky.
In the long term not investing is risky.
In the short term investing is risky.
In the long term not investing is risky.
2. Pay yourself first
Don't save what is left after spending.
Spend what is left after saving.
Don't save what is left after spending.
Spend what is left after saving.
3. Invest in assets
If you don't find a way to make money while you sleep, you'll work until you die.
In the long term, stocks are the best investment.
If you don't find a way to make money while you sleep, you'll work until you die.
In the long term, stocks are the best investment.
4. Manage your own money
Costs and taxes harm your investment results.
Mutual Funds don't outperform the market and charge you a lot.
Costs and taxes harm your investment results.
Mutual Funds don't outperform the market and charge you a lot.
5. Don't try to time the market
Time in the market > Timing the market.
Invest periodically and don't worry about timing.
Time in the market > Timing the market.
Invest periodically and don't worry about timing.
7. Be patient
The best investors are very patient.
Slow and steady wins the race.
The best investors are very patient.
Slow and steady wins the race.
8. Live below your means
Focus on what makes you happy.
Don't spend money on things which aren't important to you.
Focus on what makes you happy.
Don't spend money on things which aren't important to you.
9. Keep your emotions in check
Emotional decisions are seldomly good when we're talking about money.
Don't make impulse purchases.
Emotional decisions are seldomly good when we're talking about money.
Don't make impulse purchases.
10. Understand the nature of stocks
In the long term, stocks always go up.
Use volatility to your advantage.
In the long term, stocks always go up.
Use volatility to your advantage.
11. Have an emergency fund
Keep 6 months of your monthly expenses into a savings account.
It helps you to finance unexpected events.
Keep 6 months of your monthly expenses into a savings account.
It helps you to finance unexpected events.
12. Set your goals
In the land of the blind, the one-eyed man is king.
Set your goals and behave accordingly.
In the land of the blind, the one-eyed man is king.
Set your goals and behave accordingly.
13. Delayed gratification
Investing is all about delayed gratification.
Save money now to be able to buy more things in the future.
Investing is all about delayed gratification.
Save money now to be able to buy more things in the future.
14. Focus on quality
It's way better to buy a wonderful company at a fair price than a fair company at a wonderful price.
It's way better to buy a wonderful company at a fair price than a fair company at a wonderful price.
15. The power of compounding
Compounding is the eighth wonder of the world.
Let it work for you as long as possible.
Compounding is the eighth wonder of the world.
Let it work for you as long as possible.
The word is out!
I left my job to transform Compounding Quality into a full investment platform.
To celebrate, I am sharing a free Financial Analysis course.
Sign up here if you want to receive it for free: eepurl.com
I left my job to transform Compounding Quality into a full investment platform.
To celebrate, I am sharing a free Financial Analysis course.
Sign up here if you want to receive it for free: eepurl.com
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