Financial independence takes many skills to achieve–patience, financial acumen, and discipline are good examples. Perhaps the most important one is self-awareness. Without this ability, the journey to financial independence will be long and arduous… if you get there at all. With a little self-awareness, and a willingness to learn from your mistakes, freedom becomes a …
Lots of people live wonderful lives. They pick everyone up and evoke smiles everywhere they go. Many others do the opposite. People will always be dragging you down if you let them. A great number of people lead miserable lives, and they will try to bring others down to feel better about themselves. In their …
The popular saying is “It’s not timing the market, it’s time in the market.” The saying is meant to say that the amount of time spent invested plays more of an impact than trying to time the market. I agree–mostly. Where I disagree is how this phrase seems to dismiss timing the market altogether. The …
There’s been a ton of research on the subject, and they all say the same thing: the vast majority of people don’t beat the market when picking stocks. In fact, active investing is notably worse than the market for many people–especially when fees are factored in. Even so, I still pick most of my stocks …