Beginnings “If you reach for a star, you might not get one. But you won’t come up with a hand full of mud either.”
Spend less than you earn—invest the surplus—avoid debt.
Carrying debt is as appealing as being covered with leeches and has much the same effect.
If your lifestyle matches—or god forbid exceeds—your income, you are no more than a gilded slave.
Avoid investment advisors. Too many have only their own interests at heart. By the time you know enough to pick a good one, you know enough to handle your finances yourself. It’s your money and no one will care for it better than you.
Money can buy many things, but nothing more valuable than your freedom.
Life choices are not always about the money, but you should always be clear about the financial impact of the choices you make.
Try saving and investing 50% of your income. With no debt, this is perfectly doable.
The stock market is a powerful wealth-building tool and you should be investing in it. But realize the market and the value of your shares will sometimes drop dramatically. This is absolutely normal and to be expected. When it happens, ignore the drops and buy more shares.
股市暴跌是必然的,高度确定的.就像天会下雨一样,不可避免的,那是你买入的机会
This will be much, much harder than you think. People all around you will panic. The news media will be screaming Sell, Sell, Sell!
When you can live on 4% of your investments per year, you are financially independent.
“You know, if you could learn to cater to the king, you wouldn’t have to live on rice and beans.” To which the monk replies: “If you could learn to live on rice and beans, you wouldn’t have to cater to the king.”
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