In this section he adopted the title of the book by Morgan Hausel, who uniquely exposes in it the 18 permanent keys to wealth. We intend to give a review that allows to demolish myths, know, explore and generate concerns in our readers so that more and more people access this knowledge.
A short summary: In monetary / financial matters, it is not so much how smart we are with numbers but how we behave. Generally, we think or believe that financial investment is a mathematical discipline, which, through formulas and data, tells us what to do. However, the defining trait of people who get rich is their personal history, their motivations, their unique vision of the world, more than their knowledge of mathematics.
I attach some keys, the rest I leave them for you to read and investigate
Luck and risk
Here we want to indicate that it is precise (although it cannot be quantified) by luck, for example: being at the right time, in the right place and detecting the needs that society “expresses”, in many different ways.
Likewise, knowing how to see the risk that may be present to mitigate a possible impact of it, beyond the moments of crisis that life usually presents us.
Never have enough
You have to know when it is enough, which does not imply that it is little. You have to know if it is appropriate to risk what I have, want and need for what I do not have, do not want and perhaps … I do not need. A clear and everyday example is gambling in the casino. If you are earning in those “minutes” enough “why risk it against a possible gain (or loss) of something that I do not have or need?
There are examples of billionaires (ex: Madoff) who have lost everything, not only financially, but have lost their freedom by acting wrong just by chasing more and more money that they did not need
Some Reflections
*.”A genius is one capable of acting normally when the rest of the people around him are going crazy.” (Napoleon)
* “The world is full of obvious things that nobody ever noticed by chance” (Sherlock Holmes)
* Nothing is as good or as bad as it seems (MH).
* The most complex financial skill is getting the goal to stop moving. (MH)
* To invest well you never have to “screw up” (MH).
* Planning is important. But it’s more important to plan for when the plan doesn’t go as planned (MH).
#RICHS, #PLAN