personal finance

dump all debt payments

What happens when you try to fill a sack with gold coins when there are a few holes on the bottom? Yup, it never works! No matter how hard you try, the sack never gets full. The same applies to your personal finances.

Your income (your metaphorical gold coins) is your most important tool to build extraordinary wealth. However, if you have any kind of monthly debt payments (read holes), you lose your precious income as soon as it arrives in your bank account (sack). Your net worth either diminishes or comes to a standstill, and you just can’t build wealth.

Dump all debts as soon as you can and start saving and investing. This is the only way to leverage your income and accumulate great riches for yourself and your loved ones.

borrowed future: summary and key takeaways

how to achieve financial freedom in America

In the wealthiest nation on Earth, where abundance seems limitless and prosperity ever-expanding, one might assume that financial security in retirement is a given. Yet, for many, this assumption couldn't be further from reality. The stark truth is that a significant portion of the population faces a precarious

practicing emotional discipline in investing

"The investor’s chief problem—and even his worst enemy—is likely to be himself." — Benjamin Graham "The biggest investing errors come not from factors that are informational or analytical, but from those that are psychological." — Howard Marks In the realm of personal finance, a critical

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