Insights
“If you believe it will work, you'll see opportunities. If you believe it won't, you will see obstacles.” — Wayne Dyer.
"Learn the rules like a pro, so you can break them like an artist.” —Pablo Picasso.
Action is hard, so we do anything to avoid it. — Me.
Observation
The only way to go anywhere you want to go is by taking the first step. This is simultaneously so simple and so challenging.
Interesting Pieces of Writing
Start Your Day with a Story. — How 10 minutes of morning reading can transform your life.
Will a Robot Replace Me? — Yes/No — Only time will tell.
Unforgettable Videos
Book of The Week
This is probably the best book on money besides your checkbook.
The Psychology of Money explores the often-overlooked emotional and behavioral aspects of managing money.
It emphasizes that wealth-building is more about mindset and behavior than technical know-how or any financial formulas. This is why it's a challenge to manage money.
The book is comprised of 19 short stories illustrating how people think, act, and make decisions about money. It highlights the importance of patience, humility, and long-term thinking, which are the kind of lessons that should be taught in schools.
The 6 Key lessons from the book:
1. Behavior Trumps Knowledge: Financial success isn’t about IQ; it’s about mastering the psychological side of money, like patience and self-control. We are emotional beings, so patience and self-control, while important, are hard to manage when you feel like you are missing out.
2. The Power of Time: Compounding is a powerful force, and time in the market is more valuable than timing the market.
“The first rule of compounding: Never interrupt it unnecessarily.” - Charlie Munger.
Over time, your composing interest in your investment can lead to a small fortune.
3. Simplicity Wins: Avoiding greed and complexity helps create sustainable wealth.
4. Personal Finance Is Personal: What works for someone else may not work for you, as your goals and values are unique.
Everyone views money through the lens of their past experiences. If you go bankrupt, you will have a different outlook than someone who has had financial success.
5. Luck and Risk: Success often involves luck, and failure often includes risk. It’s essential to stay humble and diversify. Nothing is as good or as bad as it seems.
Every outcome in life is guided by forces other than individual effort. In one of my favorite stories in the book. Bill Gates had a competitive advantage over millions of other students because he attended one of the only high schools in the world that had the cash and foresight to buy a computer.
In finance, luck is as much a force as risk.
6. Money Buys Freedom: True wealth is the ability to control your time and make decisions independently of financial stress.
I promise you this is the key to happiness. Most people say they want to be millionaires and billionaires but I guarantee you they will be good of they had full access to their time and no financial stress.
Controlling your time is the highest dividend money pays.
The highest form of wealth is the ability to wake up every morning and say, “I can do whatever I want, when I want, with who I want, for as long as I want. That's a blessing.
Invest in this book!
Strategy
Show Up Boldly, Even When You’re Afraid
Fear isn’t a stop sign—it’s a signal that you’re stepping into something bigger than yourself. Confidence doesn’t mean you’re fearless; it means you’re willing to move forward, even with the fear.
So, show up as you are. Speak your truth. Own your space. The people who matter will respect your courage, and the rest? They’ll adjust.
Remember: Growth happens outside the comfort zone. Keep showing up.
Question For You
What’s one thing you’ve been afraid to do but are ready to face today?
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