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Breathe and let be
By Taking Care Of My Own Business  โ€ข  June 19, 2022
Tough markets out there right now. How are you coping? The journey towards building wealth starts with the battle between your ears. ๐—ฆ๐˜๐—ผ๐—ฝ ๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ถ๐—ป๐—ด ๐˜€๐—ผ ๐—บ๐˜‚๐—ฐ๐—ต ๐˜๐—ถ๐—บ๐—ฒ ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ฒ๐—ฎ๐—ฑ! Instead, increase your exposure to humility during markets like these. Here is what I tell people who get nervous about the investments in an environment like this: โœ”ย Focus on your JOB. Go to work, make money, save a bit, donโ€™t stop dollar-cost averaging & things will work out in the long run. โœ”ย Youโ€™ll never regret investing too much into a broad-based index fund (especially not when it is on sale & 20% cheaper than a few weeks ago). โœ”ย Acquiring assets makes compound interest your friend. Acquiring liabilities makes compound interest your enemy. โœ”ย Saving your first $100,000 is the hardest. Not magically, but mathematically. Once you cross this threshold, you reach a tipping point whereย compounding starts to work for you. Prior to this, most of the work is done by your savings rate....
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By Taking Care Of My Own Business
Why you should be Taking Care Of Your Own Business or why you should Tacomob. Hi, my name is Andy.Andreas G. Schmidt (aka Andy) What motivated me to create this website? Well, sometimes, one can observe a lot by watching ...
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