Finances

Finances

  • Today's savings buy tomorrow's liberty. Think long term. A dollar today is worth more than a dollar tomorrow. People will take that dollar and do something profitable with it. Financial safety is freedom.
  • Saving money and investing money are both good Habits. Small amounts of money invested regularly for many decades without deliberation is one path to wealth.
  • Be boring with most of your portfolio.
  • Spend (relatively) more money on things you interact with the most, time-wise (as well as intensity-wise).
  • Up to a point, being richer will not necessarily make you happier.
  • Spend on others, especially people you are close to. Positive feedback loop: Prosocial spending makes you happier, and happiness makes you more likely to spend pro-socially.

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