01/28/2021
Uh, don't know if y'all heard but...β
β
there's some CRAZY sh*t going down in the stock market right now involving , , , and others. β
β
I truly wasn't planning on dropping my next financial nugget for a bit, but I decided this one just couldn't wait. β
β
β οΈBy the way, even if you have NO idea what I'm talking about, you'll learn soon that a large part of being financially efficient is INVESTING, one way or another.β
β
So here we go...β
β
π§ Efficienteur Hack #3: JFC... please never ever EVER think of a short-term investment as being an extension of your wealth/net worth.β
β
β‘ CHANGE YOUR MINDSET: Instead, think of these types of investments as a purchase you've made that, once you've bought it, you CAN'T return. Here's WHY ππΎβ
β
β‘οΈ IF YOU WANT TO BIG, YOU CAN'T BE REACTIONARY: If you want to grow your wealth, is key. And if you want to go big immediately, that means TAKING RISKS. If you panic sell when the market dips, you're shooting yourself in the FOOT π±π±π±β
β
β οΈShort-term investments range from sports betting to ESPECIALLY, the purchase of one of the riskiest types of , individual stocks.β
β
Listen I get wanting to get in on the hype, but if you aren't ready to risk every penny that you put into a buy, you are going to LOSE out on the highs.β
β
Again, I admit that when it comes to investing I lean more on the riskier side, but it's not because I am a millionaire!!! β
β
Not at all. β
β
It's purely my MINDSET. I have an emergency fund & I'm young. Instead of ordering delivery every day this month, I'm going to instead invest that money. And JUST like the food I could have gotten delivered, I will not be getting that money back, at least not for a while. Get it?β
β
β‘οΈ YOU NEED TO DETACH YOURSELF EMOTIONALLY FROM THE MONEY β¬
οΈ
β
π‘Remember it's a gift to your FUTURE self, not your now.β
β
ππΎππΎππΎ TAG A FRIEND who's interested in investing & COMMENT with your proudest ! Plus, let me know if you have questions for me! Maybe someone else can learn too.β
β
ππΎππΎI'm curious, did any of y'all get in on the rush the last few days with those stocks? I... sort of did?