Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday. #121 – April 22, 2024 Was this shared with you? Sign up here. Wise: Science-backed advice It happens all the time. New scientific results get published and then experts use the research to give advice. A while later, it turns out the study wasn’t accurate. But the advice remains. So, how do you know whether or not to listen to certain “science-backed” advice? First, it’s important to remember that science is constantly evolving. What may be considere ..read more

I always say I’m the most impatient person in the world. From the moment I get in my car until I arrive at my destination, I comment on all the annoying and slow drivers. It’s hard to execute delayed gratification. “C’mon! Really! Can you drive any slower?” It’s a way to entertain myself. My family and girlfriend are used to it and laugh. But I’m also serious. When we plan to leave the house, I’m the type who says, “Let’s go” every second until we actually go. My impatience has helped me in my career, though. When something needs to be done, I do it immediately. I can’t wait. My aim is to a ..read more

If you google things like, “Is the Keto diet the best diet to be healthy?” You’ll likely find contrasting results. Some articles will tell you it’s good for you. Others will say the opposite. That’s the problem with science-backed advice: They can provide conflicting solutions. How do you know whether or not to listen to a certain science-backed advice? Firstly, it’s important to understand that science is constantly evolving. What may be considered a fact today may be proven wrong tomorrow. This doesn’t mean that all scientific research should be disregarded, but rather that we should approa ..read more

Our phones have become an extension of ourselves. We use a phone for almost everything: Staying connected with friends and family, doing work, managing our lives and schedules, entertaining ourselves, etc. A recent study showed that the average person spends around three hours a day on their phone, which adds up to around 45 days a year.1 That’s a month and a half worth of time! Imagine what you can do with a free month and a half. You can write a very rough book draft, or even get much fitter, etc. Spending time on our phones is inevitable. But that doesn’t mean we can’t manage it. Think abo ..read more

Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday. #120 – April 15, 2024 Was this shared with you? Sign up here. Wise: Getting off your phone A recent study showed that the average person spends around three hours a day on their phone, which adds up to around 45 days a year. That’s a month and a half! Imagine what you can do with that free time. You can write a very rough book draft, get fitter, start a business, and so forth. Time is the only thing we have that we can never get back. So try not to waste it. H ..read more

Think about how you’d feel if your investment dropped by 20% in a year. If that thought keeps you up at night, you might have a low-risk tolerance and should lean toward less volatile investments. The key is to keep it simple. Investing is just like writing a 50K word book. Is it hard? You’re damn right. But if you break it up into 25 sessions of writing 2K words at a time, it’s not that hard. The key word is simple. Make hard things simple and you’ll be fine. Here are 12 simple questions you should ask yourself before making an investment decision so you don’t end up losing your hard-earned ..read more

The habit of journaling may seem small and insignificant. “How can writing personal notes in my journal every day do anything for me?” You might ask. I understand the skepticism. Even I had some doubts in the beginning. But journaling truly can change your life. Just ask any person who journals. You won’t find a person who says, “Journaling is so-so.” Everyone who does it loves it. Since 2015, I have made journaling an integral part of my morning routine, and it has helped me succeed in various areas of my life. I also grew happier. The following are four techniques that I keep turning to in ..read more

The dream of owning a house is ingrained in many of us from an early age. We’re often told that buying a home is a fail-safe way to build wealth. But does owning your own home truly make you a property investor? Let me give you my take as someone who bought his first property at age 30. Since then, I bought two more rental properties. And I have a seven-figure stock portfolio. I don’t have an agenda. I’m a full-time writer, and I don’t work in real estate sales. I simply want to share my thoughts on real estate ownership and investing with you. Property owner vs property investor Firstly, it ..read more

Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday. #119 – April 8, 2024 Was this shared with you? Sign up here. Wise: Changing your life with journaling The habit of journaling may seem small and insignificant. “How can writing personal notes in my journal every day do anything for me?” You might ask. I understand the skepticism. But journaling truly can change your life. That’s because the process of writing helps us make better sense of our thoughts. I usually start my day by answering one of these 4 simple ..read more

In 1957, Yvon Chouinard, a mountain climber, began doing what many people who like to take control of their lives do: Start making money from one’s passion. Chouinard began selling climbing equipment as a way to make ends meet. He did that for almost 10 years. It wasn’t until 1965 that he began gaining enough traction to start an actual company and hire employees. By 2022, Chouinard’s company, Patagonia, became Inc.’s Company of the Year.1 If you have a hobby or interest that you are truly passionate about, then turning it into your full-time job is not just a dream. It’s all a matter of havi ..read more