Does it seem like everyone but you is becoming fabulously rich and famous?
It makes for a good story. Someone goes from living out of their car to driving a Ferrari. The problem is when they go on to say their success is a result of their morning routine or this one book they read or some random tactic.
You’ve probably heard business icons or celebrities giving this advice. It typically goes something like: “Look, all you need to do is this one thing, and...
Like everyone, I sometimes struggle with waiting for the perfect time.
You wait for the perfect time to have kids, learn a new skill, quit a bad habit. And then after you just do the thing, you always wonder why you waited so long. Life is better now.
It’s no different with investing. If you’ve never invested before it’s hard getting started. It’s even harder if the market’s been steadily rising. Almost impossible...
I don’t own a car anymore, and so I’ve been riding a 12-year old bike. It takes a lot for me to buy anything.
Like I’m writing this on a two-year-old laptop, which replaced a laptop that was six years old, which replaced a laptop that was six years old.
I’ve been wearing the clothes in my closet until they’re worn out, and then not replacing them. I’m down to just a few...
What’s the first thing you’d do if you won the lottery? Like anyone posing with a door-sized check says, “I’m quitting my job!”
That’s why I really admire anyone who loves what they do, who can sit there doing the same thing for half a century, because in reality 85% of people hate their job. So while lottery tickets are one way to escape the rat race, isn’t there...
A small part of my investment portfolio is an index fund tracking “the market”, and apparently I’m not alone.
Over the past few years trillions of dollars have flowed into index funds as people realize highly paid professional money managers seldom beat the market.
Bill Mann, after spending eight years running active funds, explained why that’s a difficult task:
“Fund managers are under pressure to be predictable by showing low tracking...
