noiz viol8ion

Tag: Financial Freedom

  • noiz viol8ion blog #777 – Financial Freedom

    noiz viol8ion blog #777 – Financial Freedom

    What does financial freedom mean to you?

    To me it means that you no longer make decisions based on your finances. You make decisions based off what is going to make you the happiest, safest, and excited.

    Living paycheck to paycheck is motivating but people become slaves to the money or whomever is giving them the money.

    When you are financially free then money is not a concern. There is no reason to worry about money. Everything is paid for like food, clothes, housing, travel costs, and entertainment.

    You are living life on your terms.

  • Blog #236 – Time to Re-evaluate for the Recession

    Blog #236 – Time to Re-evaluate for the Recession

    I think there are lots of troubles coming, There’s too much wretched excess.

    Charlie Munger

    Charlie said this before the COVID-19 Pandemic. He was right there is too much excess and now there is about to be more excess added to the market. The US is adding close to $3 Trillion dollars.

    What does this mean? Why does this matter for a business and for people?

    It matters because everything is about to change. Your old life is never coming back and you better adapt to the new or get left behind.

    Is $100 dollars a lot of money to you. The new $100 might be $1000. Inflation is driving up the cost of assets and driving down the value of the dollar.

  • Blog #229 – Should you put all your eggs in one basket.

    Blog #229 – Should you put all your eggs in one basket.

    Diversification is a big topic among investors.

    Is it better to have all your money in one thing or to diversify across many things?

    There is no easy answer because it revolves around how risk tolerant a person is.

    Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1

    Warren Buffet

    You are not going to have many great ideas or many great opportunities so when these things come you should take advantage of them as much as you can.

    There is no such thing as a sure thing so know your downside.

  • Blog #228 – How to Manage Your Money!

    Blog #228 – How to Manage Your Money!

    You are managing your money or you are giving up that responsibility for someone else.

    You are at your job to make money. How many years of hard work did it take you to build up that retirement nest? Then you hand over your hard earned money to someone else to manage and invest for you because you do not have the time or education to do it yourself.

    That is what they want you to think.

    Realize that most actively managed funds do no beat the market average.

    The easiest and least time consuming method is to put your money in a low expense ratio Index Fund, like the S&P 500 or Total Market.

    Stay away from fees.

    It’s your money do you know where every cent is?

  • Blog #157 – 6 Steps for Achieving a Financial Dream

    In Think and Grow Rich a book by Napoleon Hill, he lays out the six steps for achieving your financial dream or goal.

    1. Fix your mind on the EXACT amount of money you desire. It is not sufficient to merely say, “I want more money.” be definitive to the amount.
    2. Determine exactly what you intend to GIVE in return for the money you desire. (there is no such reality as “Something for noithing”)
    3. Establish a definite date when you intend to POSSESS the money you desire.
    4. Create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into ACTION.
    5. WRITE out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the mone, and describe clearly the plan through which you intend to accumulate the money.
    6. READ you written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. As you read – see and feel and believe yourself already in possession of the money

    This is your blueprint to follow. This is the map you create. This is how you build the belief.