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

Stop 6: Where Am I Bleeding?

 

Americans are notoriously bad with debt. One of the side effects of living in a country built around consumerism I suppose. The only thing Americans may love more than buying things and debt are celebrities.

Celebrities are such a part of our culture that their opinion on matters are treated as actual news. Dave Chappelle once hilariously described an encounter with this phenomenon he witnessed.

“I remember right around September 11th Ja Rule was on MTV. They said “We got Ja Rule on the phone. Let’s see what Ja’s thoughts are on this tragic….

WHO GIVES A F$%^ WHAT JA RULE THINKS AT A TIME LIKE THIS. This is ridiculous”

Given the intersection of these three American culture staples is it any wonder that our celebrities may be even worse than we are with debt?

Johnny Depp, Nicholas Cage, Mike Tyson, and basically every sports star have all amassed fortunes that were still outpaced by their debt. We admire these people and let their poor choices influence our behavior.

Debt and the interest associated with it are incredibly detrimental to our financial pictures. Today let’s look at where you’re bleeding and figure out how to patch the wound.

 

WHERE AM I BLEEDING?

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