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Good Money Habits for a Good life full of Money, Health and Positiveness Do read Amazon Best Seller DON'T RETIRE RICH
What boys flex with:
- Lambos
- Rolex
- Gucci
What men flex with:
- Financial freedom
- Providing for their family
- Creating generational wealth
Building a legacy > status symbols.
Talent hits a target no one else can hit; Genius hits a target no one else can see.
- Arthur Schopenhauer
Do you call ur broker everyday to check price of ur house or land
Gold is down 16-17% ( 55k to 46k), do u call your jeweller every day?
Have u sold your house or family jewellery seeing prices go down?
Than why do this to your long term equity portfolio? Review, don’t react!
Why do most investors fail?
Warren Buffett:
Over time people get smarter but not wiser. They don't get emotionally stable. You can teach people all you want, tell them to read Graham's book, you can send them to graduate school, but when they are scared, they really get scared.
Always tell a child who is wearing a helmet how cool you think their helmet is. It will encourage them to always wear it in the future.
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Your brain is an engine.
Fill the gas tank with
“Problem solving” solution
- your engine will work for you.
Fill the gas tank with
“Excuse-Making” solution
- your engine will work against you.
https://twitter.com/SrikantMatrubai/status/1365513860644438017?s=09
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*WEALTH WISDOM*
There is no magic formula for instant wealth.
Save more,
Invest prudently,
Have patience and
Give time to compound.
This is a workable formula for creating long term wealth.
#WealthyHabits
WEALTH WISDOM
People use professional tax consultants to file their taxes because of the fear of immediate penalty
but
they dare to invest directly & without proper guidance, not realising that the penalty could be huge in the long run
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Careers & Work Life Tip:
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Never go to your boss with only problems. Always think of probable solutions first and then go for discussion. Otherwise, your boss will only see you as a problem creator (aka headache inducer)!
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#wealthyhabits
WEALTH WISDOM
You don’t look at the value of your HOUSE daily, monthly or even yearly.
If you've same outlook towards equity,
you would create huge wealth.
#wealthyhabits
You want 1 crore?
No.
Actually u want freedom of time to spend with ur family
Change ur mindset
Work as if u are working for a life of ur choice (not money)
This will change the way u take your life&investment decisions
#WealthArchitect
#WealthyHabits
#DontRetireRich
https://twitter.com/SrikantMatrubai/status/1362737536267771907?s=19
RISK
- Love risk - it brings reward
- Manage risk - so it can’t wipe you out
- Use risk - every bad outcome is a seed for future good outcomes
That's why Owner is a Multi Millionaire & employees are in EMI trap
Power of DELAYED GRATIFICATION
#dontRetireRich
THE WEALTHY HABITS DAILY newspaper
https://paper.li/f-1577703458#/
"Wealth is what you don’t see." - @morganhousel
Don't make assumptions based on what is visible. Often the wealthiest live the simplest lives. They are the smart ones.
WEALTH WISDOM
'Over time, the investor willing to endure the steepest emotional roller coaster will win."-
Morgan Housel
#Wealthyhabits
Money is like Dettol because it kills 99.99% problems...😉
#DontRetireRich
Unless you are a day trader, don't monitor your portfolio on an hourly/daily basis.
Watching your portfolio regularly is like hanging on the footboard of an overnight train inspite of having confirmed berth. Go and relax till your destination arrives.
Patience is a crucial ingredient in long term wealth creation.
Thought of the day
Don't try to buy at the bottom and sell at the top. It can't be done except by liars - Bernard Baruch
*JOB- more you work more you earn.*
*INVESTING- Less you work more you Earn*
*Prefer your choice*
Avoid action in equities for Wealth creation
#Wealthyhabits
WEALTH WISDOM
“Be ready when opportunity comes….
Luck is when preparation and opportunity meet.”
Roy D. Chapin Jr
#Wealthyhabits
WEALTH WISDOM
A big part of your success as an investor is your ability to mentally, emotionally, financially get through the periods of underperformance.
#Wealthyhabits
https://wealthyhabit.in/2021/02/20/opportunity-to-claim-ltc-concession/
Check out this opportunity to claim LTC Concession
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Want to be more charismatic?
Don’t try to be more impressive or entertaining, focus on being a very good engaged listener.
Engaged listeners make eye-contact, ask questions to bring the speaker out, and don’t interject with their own stories or change the conversation to be about them.