Think about how you’d feel if your investment dropped by 20% in a year. If that thought keeps you up at night, you might have a low-risk tolerance and should lean toward less volatile investments.
The key is to investing keep it simple. Investing is just like writing a 50K word book. Is it hard? You’re damn right. But if you break it up into 25 sessions of writing 2K words at a time, it’s not that bad.
The key word is simple. Make hard things simple and you’ll be fine.
Our phones have become an extension of ourselves. We use a phone for almost everything: Staying connected with friends and family, doing work, managing our lives and schedules, entertaining ourselves, etc.
A recent study showed that the average person spends around three hours a day on their phone, which adds up to around 45 days a year.1Source: Exploding Topics
That’s a month and a half worth of time! Imagine what you can do with a free month and a half. You can write a very rough book draft, or even get much fitter, etc.
The habit of journaling may seem small and insignificant. “How can writing personal notes in my journal every day do anything for me?” You might ask.
I understand the skepticism. Even I had some doubts in the beginning. But journaling truly can change your life.
Just ask any person who journals. You won’t find a person who says, “Journaling is so-so.”
Everyone who does it loves it.
The dream of owning a house is ingrained in many of us from an early age. We’re often told that buying a home is a fail-safe way to build wealth.
But does owning your own home truly make you a property investor?
Let me give you my take as someone who bought his first property at age 30. Since then, I bought two more rental properties. And I have a seven-figure stock portfolio.