Key Takeaways: Inflation lowers your purchasing power; the value of each dollar declines in an inflationary environment. We need to protect our wealth against inflation. There are several ways to do so, including investing in real assets & commodities, ensure allocation to higher-return assets such as stocks, and consider other forms of a store of…
Category: Money
Daily money disciplines, practices, and thoughts
Insurance Overview
Key Takeaways: Insurance coverage is a way to protect assets from loss. Insurance policies can be long and complicated, but it’s critical to understand in detail. Typical insurance policies to have in your portfolio include life, disability, health, auto, and house insurances. The amount of coverage is a personal choice and depends on the amount…
Automate. Automate. Automate.
Automate as much of your finances as possible. One of the main contributors to financial success is having an automated system in place that was engineered specifically for your personal goals. An automated system saves time, reduces human errors, and builds habits. All of these benefits compound over time to accumulate success. Automation is critical…