Financial Freedom
by Josipher Walle · updated 8mo ago
Financial Freedom
by Josipher Walle · updated 8mo ago
Rule 1: don't lose money. Rule 2: see Rule 1. - Warren Buffett
Josipher Walle added 8mo ago
If you diversify well you will win - Tony Robbins
Josipher Walle added 8mo ago
Asset allocation means dividing up your money among different classes or types of investments (such as stock, bonds, commodities, or real estate) and in specific proportions that you decide in advance, according to your goals or needs, risk tolerance, and stage of life. - Tony Robbins
Josipher Walle added 8mo ago
There are only three tools for reducing your risk and increasing your potential for financial success:
Security selection—stock picking
Market timing—short-term bets on the direction of the market; and
Asset allocation—your long-term strategy for diversified investing.
Josipher Walle added 8mo ago
Never test the depth of the river with both feet. - Warren Buffett
Josipher Walle added 8mo ago
Asset allocation is the most important investment decision of your lifetime. Anybody can become wealthy; asset allocation is how you stay wealthy.
Josipher Walle added 8mo ago
Save more and invest.
Earn more (add value) and invest the difference.
Reduce fees and taxes and invest the difference.
Josipher Walle added 8mo ago
Gratitude connects you to grace, and when you are grateful, there is no anger. When you are grateful, there is no fear. - Tony Robbins (Money Master the Game)
Josipher Walle added 8mo ago
Things flow to you when you do your part first. - Tony Robbins (Money Master the Game
Josipher Walle added 8mo ago