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Episode 2620:
ESI from ESIMoney.com likens savvy money management to playing chess, emphasizing strategic thinking and patience in personal finance. The article outlines principles such as understanding key financial metrics, developing a sound strategy, focusing on priorities, employing proven financial tactics, and being open to unconventional approaches. It also stresses the importance of adaptability, recognizing multiple paths to success, prudent risk-taking, and the significance of small, consistent actions in achieving financial goals.
Read along with the original article(s) here: https://esimoney.com/playing-financial-chess/
Quotes to ponder:
"Knowing what you're trying to achieve is a key part of playing financial chess."
Episode references:
Scaling Up: How a Few Companies Make It and Why the Rest Don’t (Rockefeller Habits 2.0): [https://www.amazon.com/Scaling-Up-Companies-Rockefeller-Habits/dp/0986019526]
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Optimal Finance Daily - Financial Independence and Money Advice