The Art of Manliness

#321: How to Think About Money

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Jul 14, 2017
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INSIGHT

Hardwired Instincts Sabotage Finances

  • Human instincts like consuming now and loss aversion derail financial decisions.
  • These traits, once vital for survival, clash with modern money management.
ADVICE

Hit Pause Before Spending

  • Pause before making big purchases to let rational thought intervene.
  • Waiting a week or two can prevent impulsive financial mistakes.
ADVICE

Buy During Market Dips

  • Build a portfolio matching your risk tolerance to handle market drops.
  • See market dips as buying opportunities, not reasons to panic sell.
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