Just like you don’t need to be an F1 racer to drive to work,you don’t need to be a day trader to invest successfully.
Port-divorce,it’s best to not rush into any rash financial decisions you could regret later.
Chasing the allure of FIRE – financial independence,retire early – could leave you worse off in the long run.
We’re taught in school to succeed as individuals,not in a group. Don’t make the same mistake when it comes to money.
Somehow,we’ve associated ‘clever’,needlessly complex behaviours with accruing wealth. But there’s a big problem with this narrative.
I’m not saying there’s anything wrong with financial advisers,but many people aren’t at a stage where a financial adviser would be the best way forward.
Money doesn’t care about your age or how many setbacks you’ve had. It’s always possible to turn things around,no matter your age.
Often,the biggest growth comes immediately after downturns. If you try to time the market hitting the bottom,you’re likely to miss it.
Negative thoughts about money can buzz around like annoying flies,preventing you from making any real progress.
There’s one aspect of financial advice that doesn’t get a lot of airtime – and it starts with how you think about money.
So many of us aspire to have more money and wealth. But when it comes in the form of a gift or inheritance,it suddenly feels different.