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Investments can serve many purposes, from preserving your wealth to creating alternative sources of income. One of the most important reasons to invest is to unlock financial freedom.
Entropy and inflation are two constants in life, both slowly eroding your physical and financial strength over time. Success in life comes to those who triumph over entropy and inflation.
Saving money gives you the ability to invest. And investing gives you additional possibilities for earning an income. One of the main purposes of investing is to separate your income from your time.
We all make mistakes. But reconciling with past mistakes allows you to learn from them, overcome them, and do better in the future.
Everyone is on their own journey through life. Some have it easy. Others suffer from bad luck. But what can we do about bad luck?
Excessive spending makes it difficult to build wealth. You can combat this by carefully limiting your spending and understanding the psychology of “enough”.