SAGE FINANCIAL PERSPECTIVES FROM SAGE INVESTORS
h/t Brian Feroldi:
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-- The stock market declines:
10% once a year
15% ever 2 years
20% every 4 years
30% every 10 years
Volatility is perfectly normal
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-- Debt compounds in the wrong direction. Investments compounds in the right direction.
Eliminate the former. Plow everything you can into the latter.
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-- Earn -> Save -> Invest -> Repeat
Do that consistently for 20 years and you can't help but end up wealthy
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-- Compound interest is ready, willing, and able to do the heavy lifting for you.
But only if you let it.
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-- It's always a great time to buy if your holding period is long enough
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-- A short-term mindset will inevitably lead to problems with your health, relationships, investments, and life.
A long-term mindset will inevitably lead to success with your health, relationships, investments, and life.
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-- 99% of investing is doing nothing
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-- The secret to health: Exercise more and eat better
The secret to wealth: Save more and invest better
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-- Investors focus on fundamentals. Speculators focus on price. Be an investor, not a speculator
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-- Teaching your kids to be life long savers is the most important money lesson