personal finance
understanding money
> “Money is like a beautiful thoroughbred horse-—very powerful and always in
action. But unless this horse is trained when very young, it will be an
out-of-control and dangerous animal when it grows to maturity.” — Dave Ramsey
Chasing wealth just for the sake of becoming wealthy is an empty
the five laws of gold (part 4)
the five laws of gold (part 3)
the five laws of gold (part 2)
the five laws of gold (part 1)
you don’t need that fancy mba
If you’re someone who is planning on getting an MBA from a prestigious business
school to improve your future career prospects, and is willing to pay hundreds
of thousands of dollars to get this fancy degree, then it’s time to stop
yourself in your tracks before it gets
the “peace of mind” fund
An emergency fund is simply money you’ve set aside for life’s unexpected events.
Sometimes it is also referred to as a rainy-day fund. However, a good alternate
name (and the positive of all!) for this fund which I personally love is the
“Peace of Mind” fund. You sleep
get lucky by working hard
don’t trust a novice with your hard-earned money
> “Advice is one thing that is freely given away, but watch that you take only
what is worth having. He who takes advice about his savings from one who is
inexperienced in such matters, shall pay with his savings for proving the
falsity of their opinions.”
— George S. Clason,