Spend less, want less, don’t let money rule you

1. You might think you want an expensive car, a fancy watch, and a huge house. But I’m telling you, you don’t.

2. It’s normal to assume that all financial success and failure is earned.  realize that not all success is due to hard work, and not all poverty is due to laziness.

3. This may sound harsh, but I hope you’re poor at some point. learn to be poor with dignity and you’ll handle the inevitable ups and downs of financial life with ease.

4. If you’re like most people, you’ll spend most of your adult life thinking, “Once I’ve saved/earned $X, everything will be great.” Then you’ll hit $X, move the goalpost down the field, and resume chasing your tail. It’s a miserable cycle to be in. Save your money and strive to get ahead. But realize your ability to adjust to new circumstances is more powerful than you think, and your goals should be about more than money.

5. Don’t stay in a job you hate because you unwittingly made a career choice when you were 18 years old. Your dad shakes his head at college freshmen choosing a major to guide their lifelong careers. Almost no one knows what they want to do at that age. Many don’t know what they want to do until they’re twice that age.

 6. Change your mind when you need to. I’ve noticed a tendency for people to think they’ve mastered investing when they’re young. They start investing at age 18, and think they have it all figured out by age 19. They never do. Confidence rises faster than ability, especially in young men. Learn the skill of changing your mind, discarding old beliefs and replacing them with new truths. It’s hard, but necessary. Don’t feel bad about it. The ability to change your mind when you’re wrong is a sign of intelligence.

7. The best thing money buys is control over your time. It gives you options and frees you from relying on someone else’s priorities. One day you’ll realize this freedom is one of the things that makes you truly happy.

8. The road to financial regret is paved with debt. Also, commissioned salesmen. But mostly debt. It’s amazing what percentage of financial problems are caused by borrowing. Debt is a claim on your future.

9. Your savings rate has a little to do with how much you earn, and a lot to do with how much you spend. I know a dentist who lives paycheck to paycheck, always on the sliver’s edge of financial ruin. I know another who never earned more than $50,000 and saved a fortune. The difference is entirely due to their spending.

10. Don’t listen to me if you disagree with what I’ve written. Everyone’s different.

from

https://www.fool.com/investing/general/2015/10/13/financial-advice-for-my-new-son.aspx

Repub: How to Start a Startup

You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible. Most startups that fail do it because they fail at one of these. A startup that does all three will probably succeed.

from Pocket http://paulgraham.com/start.html
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Repub: Cities and Ambition

Great cities attract ambitious people. You can sense it when you walk around one. In a hundred subtle ways, the city sends you a message: you could do more; you should try harder. The surprising thing is how different these messages can be. New York tells you, above all: you should make more money.

from Pocket http://paulgraham.com/cities.html
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Repub: Good and Bad Procrastination

The most impressive people I know are all terrible procrastinators. So could it be that procrastination isn’t always bad? Most people who write about procrastination write about how to cure it. But this is, strictly speaking, impossible. There are an infinite number of things you could be doing.

from Pocket http://paulgraham.com/procrastination.html
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