No Worries: How to live a stress free financial life

So the ideal portfolio should have stocks, bonds, cash, gold, and real estate. In what proportions? Well, why not keep it simple and give 20% to each? 20% stocks 20% bonds 20% cash 20% gold 20% real estate This is what I call the Awesome Portfolio.

In fact, all of these things require effort: getting a raise; working more hours; getting a new job. I can tell you one thing for certain—money is not going to simply come to you. You have to go out and get it. You have to take action.

Remember, volatility is the enemy; the purpose of volatility is to make people make stupid decisions. Volatility is also the enemy of your lizard brain. It stresses you out, and makes you feel anxious.

The purpose of volatility is to make people make stupid decisions.

In most cases, the boss thinks about the employees they like the best, and gives raises to them, regardless of job performance. Your job is not your job. Your job is to be friends with your boss. Go out to lunch, go golfing, do what you have to do; but if you don’t have a good personal relationship with your boss, if your boss personally dislikes y

It works because it has the best risk/reward characteristics of any portfolio. It allows you to stay invested.

When I think of making more money, that’s the first thing that I think of—all the good that I can do with it. You don’t have the ability to do any of these things if you don’t want money.

The idea is worth next to nothing. It is all in the execution. You have to go out there and do stuff. You solve one problem, and you solve another problem, and after you’ve solved all the problems that you can possibly solve, you get to sit on top of a big pile of cash.

Three ideas that will change your life All of this ties together—focusing on the revenue side, getting exposure to upside, and being positively exposed to luck. These three ideas will change your life. People view their financial lives very narrowly: “I go to work and do a job, I get a paycheck, and I go home.” It is true what they say: the rich de