Carl Richards has a new book, The One Page Financial Plan.
Here's what I learned or re-learned:
- Wait 72 hours after deciding to buy something on Amazon. Impulse buy less.
- Track your monetary transactions.
- Ask, "does the investment fit into my plan?"
- "
What matters most?" is a superior financial question.
Hidden lessons:
- Don't use equity in your home to invest.
- Don't buy high and sell low.
- Don't settle.
- UDM (unilateral decision making) is too rampant.
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