Here are some lessons I’ve learned about navigating finances:
- In this material existence, one will get big breaks and incur material losses. Sometimes, they even each other out; sometimes, not. As long as you’re alive, you have people who love you, and you have some reasonable amount of wealth that could sustain you, you are okay and you will be fine.
- To honor your blessings and the wonderful life ahead, stop thinking about your losses and what could’ve been and just think about how to get better.
- Never put yourself in a one-sided contract that places you at a huge disadvantage if things go south.
- Never accumulate money on a low yield bank.
- Never make a purchase on a social media online shop with no chance of arbitration when problems arise.
- Stay cheap even if your salary increases.
- Consider putting a cap on your income so you continue living modestly.
- Invest in something you understand.
- Design a financial system that would prevent money from becoming a distraction. For example, the safer your investments (no risk to low risk), the more your money won’t distract you.