Debt is the tool that you use to close the gap between your expectations and your reality. And the more that society and culture has exposed that gap and widened that gap between where you are and where society tells you that you you think that you should be, you're going to fill that hole with debt.
Meanwhile, your furnace is getting older, your water heater is about to give out, you are one hard winter or hot summer away from a repair bill you didn't budget for. Not surprisingly, people do not like this deal.
Every single marriage has a prenup. It's either one that was written by the government and can be modified by the state legislature of the state in which you reside or it's written by you and the person you allegedly like more than the other 8 billion options in the world.
The way to wealth isn't making a lot of money. It's making more than you spend. My father died a near millionaire and he never made more than or you know he was making $48,000 a year but he spent 46 or 45 and he was investing and saving money even when he died.
There's a subset of things that you're probably going to want to do in your 20s that actually cost a lot less money to enjoy when you're young than they will older when you're older. And also like you might not be able to do them when you're older.
The whole point of wealth at the end of the day is somebody has to spend it on something. Whether it's you, your kids, you give it away to like a philanthropic organization to spend. And having like a scarcity mindset where you're constantly worried about not having enough even when you objectively have enough is just depriving yourself of things you could spend money on to enjoy.
Having like a scarcity mindset where you're constantly worried about not having enough even when you objectively have enough is just depriving yourself of things you could spend money on to enjoy. Again, whether it's material things experiences relationships and like the the things that you can spend that money on that you will enjoy are just going to change a lot. Like the thing you'll enjoy at 25 is different from 35 or 45 or whatever.
The healthiest relationships I find are when men and women have alignment around their approach to money. Who is responsible for bringing it in? What is their approach to spending?
Every dollar you pay off your credit card debt, you're basically earning an 18 to 24% guaranteed return. There's no place you're going to get a guaranteed return of 18 to 24%.
4mo ago
Underscored — save the words that stop you in your tracks.
