Thought Art

@KH2 Yeah that’s true. Money and personal finance isn’t one size fits all. Having money saved, at whoever savings rate and at whatever level of liquidity has value for me. It’s only going to be 10% of my income.

@KH2 You aren’t seeing the nuances I’m pointing at and cherry picking. I never said don’t take risks in the markets and I never said don’t spend to enjoy your life… if you spend and invest without saving… that’s far more dangerous. Having savings is really important. If you can’t see that I can’t help you. Obviously you can enjoy your life, spend money and invest. I’m not talking about saving 100% of your income.. Build a system of finance that helps you sleep at night. Do you. It’s annoying when I say thing and you cherry pick and then straw man or gaslightz and if there’s a global power outage it doesn’t matter who you are I guess or how much you invest so it’s a moot point and highly unlikely. If your gonna play offs then save. Saving is the one thing you have complete control over.

@Gabith can u blink?

@Mohammad A lot of people are new to these maps and models and will apply them poorly. They may over time study more and recontrxtualize both the models and how they read peoples character. But that takes massive experience, and apply long theory…

I didn’t spent TONNES on weed. And I don’t party often and if I do I Dont spend much. But, I still think the amount I spent was a waste. The point was more overall that: I didn’t have solid financial psychology, plans, habits. Nothing wrong with spending money on weed or parties if you enjoy it. But, that should come from a % of your income where that’s been healthily allocated. Holding onto money is a huge improvement. If you spend it all, you have no money. In fact, if your not saving at all it’s the simplest and biggest thing you can do to start building wealth. Saving and investing at least 10% of your income is foundational. Living off 70% of your income I think is a good rule. All this is relative. Your income doesn’t matter if your spending matches it. I don’t really get your angle in this. If you don’t save, what do you have to invest? If you don’t save, how can you buy new courses or take advantage of business opportunities? With your income you need to save money. You also need to invest. Money you spend drains your wealth. By saving money, developing healthy assets, and not spending… you develop wealth. You could make a million dollars but if you spend it all. You’re not wealthy. You can have a million dollars in investments. But, will you get a return on it? Will you lose your money? Maybe. Savings is a great thing to have. Simply having 15,000-100,000 dollars you have saved that you don’t touch us extremely valuable. More than anything you may buy with it. With this money you have yourself a solid castle wall that can handle many storms, raging armies, etc. You want to build a wall of Babylon for your finances so your castle never gets conquered. Peace of mind for the rest of your life.

@KH2 I know the difference between saving and investing. You should be doing both. Saving is still foundational.

@Twentyfirst Do you live in a city? Buy food? Pay rent? Heat your home? Rely on police, fire fighters, doctors, etc? @KH2 Doesn’t matter how much you make if you don’t save you’ll never be wealthy.

@Asayake “sloths would be the most dangerous animals in the world- if the world slowed way the eff down” -Ze Frank

@Max_V ? my boy!

Hey

@Yog I have an eye for paradox

It makes me uncomfortable people are taking Ye seriously. Someone spurring and essentially (thought maybe not on purpose) promoting/ encouraging Anti Semitic movements, etc… don’t feel like getting into it. Intuition says it’s bad.

Thanks for your feedback. Makes me feel a bit better. However, I was reading about some extremely wealthy people with huge cash flows. They didn’t respect their money and spent it carelessly. Then they went from millionaire to ruin because they didn’t respect their money nor the principles of wealth building. Being a powerful creator matters. But, I’m learning from reading all these books developing a healthy financial psychology, practice and behaviour is really important to getting wealthy and staying wealthy.

Yeah? So how do they build wealth? Money may not be ‘real’ but notice how it rules everything around you.

@King Merk I really liked two books in particular. 1. It’s Not About the Money (Great book for learning more about the different types of financial behavioural archetypes and why you spend how you do. Really about psychology of money which matters). 2. The Richest Man in Babylon ( a collection of short stories with key principles for financial wisdom) Bonus: “The Psychology of Money” I also bought personal finance for dummies, debt free living, and personal finance for millennials for my respective country.

? Explain?

Not too late at all

@Topspin715 The problem with that is: We need things to get done. There’s never gonna be a time humans don’t need certain things to get done. So we pay people to do them.

I’m gonna guess that Ye calling out Jewish people for the reason he didn’t make as much money is going to lose him far more money than whatever business people tried to screw him… the irony.

Yeah! Fuck profanity!

I don’t see what laughing has to do this being bipolar. He didn’t do anything to the Amazon guy except matter of factory take the package while being in the middle of something. Both he and the amazing guy were working so, there was nothing to say to him. Who alks to the delivery guy? Probably fewer than most. He was also tripping balls. Ive known bipolar people. Leo isn’t one and I likely wouldn’t be following him if this was something I observed. There could be no actualized if Leo was bipolar. I’ve listened to hundreds of hours of Leo and… he’s not bipolar. I’ve know very smart people who are… this is my view anyway. It’s very funny how people perceive reality so differently.

@integral It has its place. I think spongebob called it a “sentence enhancer”

Do you say that because of how he acts on the forum? I was recently putting myself in his shoes. Having all these people talking at you, arguing, disagreeing, projecting etc constantly… I’d probably get cranky too if I wasn’t too scared to have that kind of thing. I wonder if he being sort of cranky on the forum is a result of it being sort of scary and stressful to do this work.