financial wisdom
💎 *22 Pearls of financial wisdom* 💎 Money is a terrible master but an excellent servant. *1) Bonds are for storing wealth and equities are for creation of wealth*. *2) The biggest asset one can have is zero debt*. *3) The greatest discipline in personal finance is living below your means*. *4) As Ben Carlson says, emotions cannot be back tested. That’s why past bear market always looks like opportunities and future ones scary*. 5) Early financial independence and early retirement are completely different. To me, the former is a blessing and the latter is a curse. *6) Don’t think how it would have been if you’ve started 10 years ago. Start today and visualise how you would feel 10 years from now*. 7) The neighbourhood we live determines our life style & spending. Need to be careful in choosing one which matches our goals and personality. *8) Paying minimum balance regularly on credit card is the maximum sign that you’re getting into debt trap*. 9) Many are l...