To get started with building wealth, focus on small savings where you can. Eliminate debt. Get efficient with bills and utilities. Invest the gains over a long period and you'll be shocked at how much you can make
Why is it that those who say "money doesn't bring you happiness" also the ones that complain most about their jobs, pay levels, interests rates, lack of opportunity and blame the government on their problems.
Analysing businesses for investments is not hard.
If the business is too complicated for you, don't buy.
If you don't understand the industry, don't buy.
If they have razor thin margins, don't buy.
If their strategy is to undercut competitors, don't buy.
I love Taxes! Mainly cause I don't pay that much of it. It's imperative you understand how tax works or you'll never get rich.
That's because the more money you make, the more you get taxed.
When it comes to investing, focus on facts and numbers. If the math doesn't make sense, don't buy. If you don't have enough data, don't buy. If you have no money, don't buy.
Investing is not that hard.
Have you ever noticed how there's millions of people creating youtube videos of strategies that made them rich; some of whi is very outlandish. Yet there are very few videos of the same people showing how they lost it all.
Sounds like some inherent bias to me.
In your 20's you worry what people think of you. In your 30's you stop caring what people think of you. But by your 50's you realise just how little people actually thought of you.
It's amazing that once you make significantly more money, I'm talking guaranteed passive income greater than the average person's job, you buy less things. You start to value long term stability over trying to impress others