Writing · Capital / Finance / Investing

2024-07-17
The ability to not want things you don't need is a superpower in today's world. From childhood, we're bombarded by advertisements and peer pressure to consume. This consumerism has become almost a religion in modern society. But chasing after the latest gadgets, fashions, or status symbols is a fool's errand. It's like running on a hedonic treadmill - you never reach a destination, you just keep running faster and faster. The wise person learns to step off that treadmill. He cultivates contentment with what he/she has, rather than constantly craving more. This frees up mental energy, time, and capital to focus on what truly matters. Remember: Every dollar you don't spend on unnecessary items is a dollar you can invest. Compound interest works its magic on money saved just as it does on money earned. So develop the habit of asking yourself: 'Do I really need this?' Your future self will thank you for the wealth and peace of mind you accumulate.
Capital / Finance / InvestingMindset / Mental Models / Decision MakingReal Estate (general)

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