I started investing in stocks when I was 19. Since then, I’ve literally made all kinds of investing mistakes in the book.
I’ve bought and sold nearly every financial instrument you can think of: Common stocks, options, futures, ETFs, mutual funds, gold, bitcoin, ethereum, and more.
The first chancellor of the German Empire, Otto von Bismarck, probably would’ve called me a fool. Because in those early years, I only learned from my own mistakes. Bismarck famously said:
The significance of accumulating your first $100,000 cannot be underestimated when it comes to building long-term wealth. Saving your first $100k is an important personal milestone. The late Charlie Munger, renowned investor and long-time partner of Warren Buffett, said this during a 1998 annual shareholder meeting […]
Liabilities, like debt, destroy your wealth. When you owe someone money, you don’t own the thing you bought until you pay off your entire debt. This chains you and prevents you from becoming financially free. It’s an even bigger liability when you go into debt […]
The transformative power of writing daily is something I can’t emphasize enough. Since I started writing every day, my life improved tremendously. The thing is, writing is a form of thinking. When you’re able to think well on paper, you become more self-aware and in […]