The most impressive low-risk, high-reward investment gains I've seen are from people with relatively high and secure income (ie., high-paying job, passive income, business, etc) and they invest their vast majority of savings into decade-winners.
Their secure and high income makes it easy to replace money they lose with bad investments and gives them more chances to find the next big decade-winner.
On flip side, I do see some who make amazing gains by taking huge risks with money that they can't easily replace. Sometimes it works out, but most of the times it doesn't.
Case in point, personally if I'm just starting out I'd rather solve an income problem rather than an investing problem since reaching higher and more secure income will allow me to take bigger risks with investing.
Low income + High-risk/high-reward investing = RISKY!
High income + Low-risk/low-reward investing = BORING
High income + High-risk/high-reward investing = Interesting
And if you add research, due diligence, deep analysis skills, etc. you can reduce risk...
Low income + Moderate-risk/high-reward investing = OK, still kind of risky
High income + Moderate-risk/high-reward investing = Holy Grail 🚀
I just finished recording some more thoughts on this topic. Video will be released tomorrow 9am PT. 👍
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I’m very hands-on creating a personalized education for my kids (ages 6 and 9). The approach is constantly changing but here’s the status of what my kids are currently doing. The key is none of these activities are coerced.
CURRENT EDUCATION FOCUS VIA FLOW-STATES:
1). Reading
Frequency: Roughly 2 hours a day.
Method: A selection of over 100 books at a time from a larger collection of 1000s of children’s books, allowing free choice of books and no coerced minimum reading time.
Goal: To cultivate a love for reading/curiosity, enhance knowledge acquisition, understand character interactions, become expert in storytelling, develop a strong command of language, potentially understanding profound nature of language/communication, provide foundation for lifelong learning across many subjects/areas, equip to impact people via effective communication.
2). Piano
Frequency: 1-2 hours a day.
Method: Learning with the SimplyPiano app.
Goal: To grow in brain development, pattern recognition, musical skills, appreciation of profound nature of music/metaphysical.
3). Video Games (Street Fighter, Tetris, Adventure iPad games) and iPad educational apps (reading, math, brain puzzle, etc apps)
Frequency: 1-2 hours per day
Method: Playing a mix of strategic and creative video games, as well as educational iPad apps.
Goal: Develop cognitive decision making and rationale choices in high-intensity, fast-paced, high-amygdala situations to equip with skills of calm decision-making in real life, learn game dynamics/design, learn math/reading/logic skills in enjoyable manner.
4). Hiking
Frequency: 4-5 times a week for one hour each time.
Method: Hiking on nature paths.
Goal: To promote physical fitness, connection with nature/metaphysical, mindfulness/awareness, brain health.
5). Legos and Building
Frequency: Approximately 2 hours a day, three times a week.
Method: Building Lego sets and other building kits.
Goal: To encourage building skills/experience/confidence, creative thinking, spatial reasoning, and problem-solving skills.
6). Singing
Frequency: 30 minutes daily.
Method: Using the SimplySing app for guided singing practice.
Goal: To develop connection with music/metaphysical, develop singing ability for self-expression and influence of others.
7). Paw Patrol TV Episodes
Frequency: 30 minutes per day
Method: Watching episodes of Paw Patrol
Goal: To learn about storytelling, character interaction.
PROPOSED ADDITIONAL FLOW-STATES:
1). Second Language Learning (Spanish and Korean)
Frequency: To be determined.
Method: Interactive methods such as apps, games, or immersion techniques.
Goal: To enhance cognitive flexibility, cultural understanding, and communication skills in multiple languages. Take advantage of pre-puberty window of opportunity for second language acquisition’s impact on brain development.
2). Tennis
Frequency: 2-3x week up to 1 hour each time
Method: Hire private tennis coach or enroll in class
Goal: Get more blood and oxygen flowing to brain and organs to improve brain health and body health, reduce anxiety.
3). Martial Arts and Dance
Frequency: To be determined.
Method: Participation in martial arts or dance classes.
Goal: Increase blood/oxygen to brain/organs, develop spatial awareness, gain skills.
4). Drawing
Frequency: 30-60 minutes daily
Method: Learning to draw through SimplyDrawing app, other app, or classes. Unclear how to reach flow-state with kids.
Goal: Develop skills of drawing/art, encourage brain health.
Note: My kids are not enrolled in a traditional school... but are the sole students of my (and my wife's) school. 😂
Last year for about 3 months my kids got super into a bunch of math iPad game apps and they probably learned a couple years of math in just 3 months by spending 2-3 hours a day on them.
I'm looking for the next avenue to teach them the math they need in a way they'll have fun with.
In the meantime, I'm considering prioritizing learning a second language over math this year. But math is crucial and a foundational skill... it's just that I think my kids have a fairly good grasp of the fundamentals of math for their age.
I'm constantly out and about with my kids, often spending half the day or more out with them going places and interacting with others. They see me model social interaction and also have extremely high interaction with their immediate family. We try to see other families/kids but nonetheless they get less-than-average interaction with kids their own age due to a combo of being homeschooled and also because we travel so much. We usually are traveling almost 6 months of the year... or at least that's what we've done for the past 4 years or so. As they get older, I'll be monitoring their needs and will likely need to make adjustments to join more classes/teams or local homeschooling communities. On the positive, I've never seen siblings love each other and play with each other so well so that's bullish.
If anybody is in the Austin area and is homeschooling their kids (ages 5-10), DM me and might be fun to meet up.
I just took slow-motion video from my iPhone of all my lights in my house and every light had MAJOR flickering (ie., strobe light effect) except two Ikea side table lamps. Will be figuring out how to replace all my other lights with flicker-free ones for the health of my kids.
For those curious here's the main light in our living room. 😟
I would think flickering lights impact people differently. Some people perhaps aren't bothered by it.
And yet some people are bothered by it a lot... and actually a lot of people don't even realize some of the negative effects they're feeling are from flickering lights.
The battle over the mind. That is the great battle of our times.
I'm extremely skeptical of the talking points coming from thought leaders of both political extremes - intended to stir emotion/rage/fear.
Greed/ambition fuels seizing power from the other, ultimately spiraling society into decay.
We need a productive government arising out of productive discussion in society, rooted in timeless foundational values of democracy, progress & personal liberty. And not give into the fear-mongering of those trying to push a political agenda to gain more power.
Not enough focus on PRACTICAL development of skills in schools.
Good writing assignment for 5th grade could be: Try to schedule a 5-minute interview with mid-large company CEO by sending 1 email a day for 100 days and making each email better than the previous day's email.
A good math assignment for 5th graders could be:
Interview a local store owner and write a summary of their business using mainly math.
Have kids do that 20 times and they'd know more about business than most adults. 🤣