Nine Traits That Got Me to Financial Independence at 41
By Joe Freedom · JUNE 1, 2018
A pervasive theme here at Trapped in Work is that behaviors and psychology matter more than your skills as a savvy investor. With that thesis in mind, I’ve endeavored to put together a list of my own behaviors and traits that allowed me to achieve FI at the ripe old age of 41. Here they are, in a very rough and un-scientific order of descending importance:
1. Long-term perspective: As a group we humans are remarkably awful at understanding the long-term consequences of our day-to-day decisions. As a result we most often choose options that maximize short-term benefits with little concern for long-term impact. For some reason I am largely immune to this affliction.
In fact, I think I’m afflicted by the opposite effect: every decision, no matter how small, is assessed through the long-term benefit prism. If you’re wondering: yes, this makes me super-fun at parties. But it sure does help in accumulating financial resources and real wealth.
Post From IQDCalls Chat Room
Chat Room News Excerpts & Highlights Tuesday Evening 8-27-18
Baxter 8-28-2018 Newshound Guru Kaperoni The media in Iraq is reporting an increase in the spread today [Monday]. Sale of dollar is 1220 to $1 and purchase of dollars is 1210 to $1. It looks like the CBI has fallen out of IMF compliance.
Baxter Yep... got to start all over................................again.... Lets Hope
futuremoney by his own admission...if the 2% per year is correct...we are gonna be here another 50 years before it gets to be 1-1...
Tebow futuremoney if you believe Kraperoni, it will never happen. 1. No 2%. 2. Investors are never going to invest at the current Dinar rate.
Tebow Kraperoni believes an investor will come in and invest say 1 million USD and over time as the Dinar increases in value, that 1million USD will be worth billions. Multiply that by thousands of investors and Iraq will be broke. Iraq will not let that happen. We on the other hand hold currency. We will have to wait and see how they handle that. We know what they have said in the past.
26 Secrets Rich People Won’t Tell You About Their Habits and Lives
Most of them weren’t always rolling in it. Here are 26 tips from rich people on how to make your money matter.
1.We’re cheap—and proud of it
When you open up the paper and you see those coupons, it looks like dollar bills staring you in the face … It’s how I grew up. Why not?--Hilary Swank to talk-show host Kelly Ripa, on clipping coupons
2. I think about it this way: Not spending money is the same as making money
PigsFly2: Interesting that this was 9 months ago...BUT, Walkingstick has brought it here today...must be a reason...(see article below)
MarkPam: Absolutley agree that WS has a reason. Would make sense politically if an International court pursued Maliki vs Internal to the country. Especially with the largest bloc consisting of all parties. They want unity and pursuing Maliki and his followers may cause more angst. IMO
Clare: Once the immunity is gone Trump has that rat...right where he wants him. IMO
Walkingstick: BFBR...... DATE Thursday، 30 November 2017
Trump pursues Maliki's crimes against Iraqis namely squandering USD 35bln
US President Donald Trump is following the financial crimes of former prime minister Nouri al Maliki as well as his cooperation with Iran, well-informed sources at the US administration told The Baghdad Post on Thursday.