I have some simple rules when it comes to staying out of trouble when investing: Know what you own and why you own it. If you don't understand something, don't invest in it. If it sounds too good to be true, it probably is. This is not …  | SupremeCmdr June 15 | I have some simple rules when it comes to staying out of trouble when investing: Know what you own and why you own it. If you don't understand something, don't invest in it. If it sounds too good to be true, it probably is. This is not exciting or sexy advice but successful investing is generally boring. Not Getting Rich Fast Enough - A Wealth of Common Sense -- https://awealthofcommonsense.com/2024/06/not-getting-rich-fast-enough/ Ben Carlson is a smart man. His short list of unexciting, non-sexy and generally boring bits of investment advice inspired me to add my own generally boring bits of non solicited quasi-investment advice. And in no particular order of importance here they are. - Live beneath your means.
- Pay yourself first (save, save, save some more).
- Invest in your health (diet, exercise, etc).
- Invest in your brain, be a lifelong learner.
- Connect with family and friends (social media doesn't count).
- Find your purpose.
- Work hard. Hard work is no guarantee of success but the lack of hard work guarantees failure.
- A happy fulfilling life is more than just the money or your net worth.
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