Derek Slauson

Faith, Family👨‍👩‍👧‍👦, Friends, Football🦅, Personal Finance.

[Derek Slauson @DerekSlauson]

The real risk is stacking them.

When people experience too much financial pain at once, they don’t behave like themselves. They become anxious, impatient, reactive, and short-term focused. Not because they lack discipline, but because pain changes how people think and act.

[Derek Slauson @DerekSlauson]

Listening to @morganhousel latest podcast he spoke of his unfortunate “back pain” and I had this thought

The Outdoor Boys once said: “I don’t mind being cold. I don’t mind being hungry. I don’t mind sleeping on the ground. But I will only do one of those things at a time.

[Reads with Ravi @readswithravi]

Clarity comes from action.

[James Clear @JamesClear]

New goals don't deliver new results. New lifestyles do. And a lifestyle is a process, not an outcome. For this reason, all of your energy should go into building better habits, not chasing better results.

[James Clear @JamesClear]

Your best performances will come when you are working in a way that is a full expression of you. The work becomes a natural display of your personality. This is when you not only get better results, but also love the activity — because in doing the craft, you feel alive.

[Investment Wisdom @InvestingCanons]

"Try more to profit from always remembering the obvious than from grasping the esoteric. It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

— Charlie Munger

[Brad Stulberg @BStulberg]

One of the greatest competitive advantages is having fun.

[Dhaval (Investment Books) @InvestmentBook1]

Charlie Munger’s Rules for a Good Life

[Money Guy Show @moneyguyshow]

Money is a tool, not a goal. 🚀

[James Clear @JamesClear]

Habits that have a high rate of return in life:

- sleeping 8+ hours each day

- lifting weights 3x week

- going for a walk each day

- saving at least 10 percent of your income

- reading every day

- drinking more water and less of everything else

- leaving your phone in another room while you work

[Jaynit @jaynitx]

Charlie Munger literally revealed the secret to winning the game of life:

[Compounding Quality @QCompounding]

"The big money is not in buying or selling, but in the waiting."

- Charlie Munger

[Steve Burns @SJosephBurns]

“More important than the will to win, is the will to prepare.”

— Charlie Munger

[Investment Wisdom @InvestingCanons]

“Study successful investors, and you'll notice a common denominator: they are masters of psychology. They can't control the market, but they have complete control over the gray matter between their ears.”

— Morgan Housel

[Investment Wisdom @InvestingCanons]

"There are only two types of people: those who can't market time and those who don't know they can't."

— T. Smith

"Charlie and I never have an opinion about the market because it wouldn’t be any good—and it might interfere with the opinions we have that are good."

— W. Buffett

[Private Wealth Guy @privatWealthGuy]

Many investors don’t realize that charitable deductions for appreciated assets like stocks are limited to 30% of your adjusted gross income (AGI) per year.

What happens if your donation exceeds that?

The excess can be carried forward for up to 5 years.

[Money Wisdom @MoneyWisdom_]

Trade money for the ability to control your time.

[Steve Burns @SJosephBurns]

You must stay in the game to win the game.