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