“A crisis is an opportunity for bargain hunting, not something to be afraid of.” — Right now, the S&P 500 is down nearly 20% from its peak, while the Nasdaq is down more than 27% from its peak. Some individual stocks are even down 70–90% from their all-time high (just look at Affirm, Shopify, and Lucid). In other words, the stock market is a mess…

“True wealth is silent, under the radar, and almost invisible.” — Don’t Look Rich — Become Rich Rather than actually building wealth, people tend to spend their money on things that elevate their social status. Whether expensive cars, designer clothes, fancy handbags, exclusive restaurants, or the latest iPhone, a lot of money is wasted on showing off to others. But as Morgan Housel said in The Psychology…

“Making money is not a thing you do — it’s a skill you learn.” — In 2014, I made some dumb money mistakes which caused me to lose my life savings. After hitting financial rock bottom, I decided to study how money truly works. Now, eight years later, I’ve read about one hundred books on personal finance, investing, and building wealth (and even started an…

“I may not always have a choice in what happens to me, but I always have a choice about how I respond to it.” — Stop Having A Victim Mindset Most people go through life with a victim mindset. They blame other people and external events for their financial circumstances. But blaming others — even if it’s justified — doesn’t get you anywhere. It won’t help you build wealth. You only give your power away.

“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” — Warren Buffett is one of the best investors to have ever walked on this planet. At the moment of writing, his net worth is about $107.6 billion, making him the sixth richest person on Earth. His biography, Buffett: The Making of an American Capitalist contains a ton of lessons on…

“Stop thinking about what your money can buy. Start thinking about what your money can earn.” — If there’s one lesson I’ve learned from reading dozens of the best personal finance and investing books, it’s this: Improving your finances is more about improving your habits than about increasing your income. No matter how much money you make, without the right financial habits, you can still end up…

“Diversifying your sources of income enables you to weather the economic downturns that always occur.” — Richard Corley, author of Rich Habits, analyzed IRS data and found that the average self-made millionaire has multiple streams of income: 75% of self-made millionaires have 2 streams of income 64% of self-made millionaires have 3 streams of income 45% of self-made millionaires have 4 streams of income

“Above all else, I want you to think for yourself.” — Ray Dalio is an American billionaire who founded Bridgewater Associates — the world’s largest hedge fund which manages over $160 billion. It’s fair to say we can learn a great deal from Ray Dalio when it comes to achieving financial and professional success. Fortunately, Ray Dalio has shared his most…

“When you keep trading your time for money, you’ll never truly be free.” — How To Delay Gratification When you’d give a random set of people $10,000, most of them will spend the money within a few weeks. They’d give in to instant gratification. But a few people will think about how to use the $10,000 to make life for their future self better: They would invest it…