Thatโs a sign that youโre probably overexposed and youโve bitten more than you can chew.
Youโve invested more than you can handle.
These tips are for you ๐งต๐
I need to first make it clear that Iโm not a financial advisor but a battle tested, seasoned investor with some life experience!
Rule number 1: Never invest more than youโre willing to lose
But if you have, here are some guidelinesโฆ
Reassess Your Risk Tolerance
Before deciding whether to sell or hold, it's important to reassess your risk tolerance. Ask yourself how much risk you're willing to take on and how much you can afford to lose. If you're feeling uneasy about your investment, it may be a sign thatโฆ twitter.com/i/web/status/1โฆ
#RichDadPoorDad by @theRealKiyosaki
One of the best selling books for anyone who is serious about taking control of their financial future
Here are 7 powerful game changers I have taken from the book๐งต๐
1. The Importance of Financial Education
The book emphasizes the importance of financial education, arguing that traditional schooling often does not teach individuals the skills and knowledge they need to manage their money effectively.
2. The Difference Between Assets and Liabilities
Kiyosaki teaches readers to distinguish between assets (things that put money in your pocket) and liabilities (things that take money out of your pocket). He suggests that acquiring assets is the key to building wealth.
Learn how to save money then use that savings into investments.
๐งต 10 tips how to save and change your game!
Create a budget
Know your income and expenses, and set a budget for yourself. Prioritize your needs (e.g. rent, utilities, groceries) and allocate money for discretionary spending accordingly.
Write it down and keep a visual record.
Track your expenses
Keep track of every penny you spend. Use a budgeting app or a spreadsheet to help you categorize your expenses and see where your money is going.
Visualize your expenses and savings. Itโs powerful.