Frugality is Stupid

Being frugal is held as a hallmark of fiscal responsibility. Everyone thinks that seeking ways to save money makes you inherently good with money.

Those people are wrong and frugality is most often stupid.

Being frugal is the equivalent of someone shopping sales and thinking they’re saving a ton of money.

How?

All you did was spend money. Sure, the money you spent is less than what you would have spent on those items regularly but since when has spending money made you financially savvy?

THE TWO MOST COMMON FRUGALITY ILLUSIONS

Continue reading

Stop 7. How’s My Offense?

Investing is the best offensive maneuver you can make this side of inventing the next Amazon. Conveniently, I am writing this right after one of the worst market drops we have seen in about a decade. Guess how much this market correction has changed my offensive picture?

Not a single iota.

Down turns, corrections, and recessions are all part of the game when it comes to offense. Not every punch lands and not every shot goes in. Does this mean we stop punching or shooting? Not if you still want to win.

YOU MISS 100% OF THE SHOTS YOU DON’T TAKE- Wayne Gretsky

Offense is not about always scoring and neither is investing. We succeed because we continue putting our money into our chosen investment system until the facts, not emotions, tell us it is time to make a change.

 

HOWS MY OFFENSE? Continue reading