Entrepreneur Jason Fried offers the most fundamental of all small-business advice: how to get good at making money.
In 1984 Jane Pauley interviewed 28-year-old Bill Gates. “Some people call you a genius,” Pauley said. “I know that might embarrass you but …” Gates deadpans. No emotion. No response. “OK, I guess that…
Things are rarely as bad—or as good—as you think they are. The goal is not to get too attached to lopsided thinking in one direction or the other.
«good things, while good, rarely affect permanent change in one’s self or in the world, and similarly, bad things, while bad, rarely doom us to a life of misery or failure.»
On market declines and whether you should increase your contributions after they occur.
Personal-finance experts and economists tend to offer different advice on issues like saving, retirement, and paying down debt.
«Why does personal finance advice so frequently depart from economic theory? The paper suggests the former group tends to take psychology into account, while the latter is operating in a purely rational world.»
Budgeting tips won’t get you very far if you don’t address the elephant in the room.
I used to be very bad when it came to personal finance. But I found a strategy that worked for me to manage, save, and invest my money.
«What might work for a 21-year-old who’s looking at the stock market like a casino will obviously not work for my father, who’s in his sixties.»
In college I first heard Jason Fried from Basecamp talk about how making money is a skill—like playing the drums or piano—that you can get better at over time. That resonated with me immediately. I…
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More fun making money, and more money having fun
«If you want to make more money, you’ll have to give up a little fun. If you want to have more fun, you’ll need to give up a little money.»
You needed more income streams yesterday.
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