The Money Series

Building a community of people aspiring to become savvy savers and smart investors

[The Money Series @themoneyseries]

The only question that matters at any decision point isn't "how much have I already put in?" It's: what makes the most sense from HERE?
I broke down the full story (starting with a £2.8 billion government mistake) in this week's edition of The Money Series. Link in bio to read it

[The Money Series @themoneyseries]

The past is locked. Gone. Irrelevant to your next decision.

Yet, most of us stand at that decision point, as seen right in the middle of this diagram, and let what's already spent drag us further down instead of walking away.

[The Money Series @themoneyseries]

The stock you're waiting for to "come back". The career you've outgrown but can't leave. The gym membership you're still paying for in June without actually using it.
This is the Sunk Cost trap, and it's costing you more than money.

[The Psychology Of Money @Psy_of_Money]

"Spending money to show people how much money you have is the fastest way to have less money."

- The Psychology of Money

[The Money Series @themoneyseries]

@TommiPedruzzi Send

[The Money Series @themoneyseries]

Set an amount above which you’ll take some time to think about any purchase that costs that much. For example, for any purchase above $100, you take 24 hours to think it through before making the purchase.

[The Money Series @themoneyseries]

Unsubscribe from store emails and marketing newsletters

[The Money Series @themoneyseries]

Savings without a spending goal gives you options and flexibility, the ability to wait and the opportunity to pounce.

- Morgan Housel

[The Money Series @themoneyseries]

Saving is a hedge against life’s inevitable ability to surprise you at the worst possible moment.

[The Money Series @themoneyseries]

@TommiPedruzzi Claude

[The Money Series @themoneyseries]

@TTrimoreau https://t.co/4dj3nhBZm7

I share insights about personal finance and investing for young professionals.

[The Money Series @themoneyseries]

@blondenbullish @moonchild23580 Yes. Not saving and investing is one way to go broke.

[The Money Series @themoneyseries]

@4score__7 @moonchild23580 That’s why an Emergency Fund is crucial. It’s the ultimate financial ’raincoat’. It’s also important to have more than one source of income and to ensure the sources are well-diversified.

[The Money Series @themoneyseries]

@moonchild23580 Trying to prove that you’re wealthy!

[The Money Series @themoneyseries]

How many fingers are still up? 👀

[The Money Series @themoneyseries]

You Have a Financial Budget. You Also Have a Problem Saying No. Yes, You. Put a finger down if any of these sound like you 👇

[The Money Series @themoneyseries]

You feel personally responsible for others’ financial comfort. You're always the first to reach for the bill. You overtip out of pressure. You cover more than your share at group dinners to avoid the "awkwardness" of splitting it fairly, even if you're tight for rest of the month