1. Don’t Lose Money
While so many of us are focused on making money, the most successful investors on the planet are obsessed with not losing it.
2. Take Small Risks for Big Rewards
For every dollar you risk, you have the potential to make five
3. It’s What You Keep Not What You Earn That Matters
if your portfolio isn’t tax efficient, then you may not be keeping as much as you should be.
4. Diversify to Reduce Risk and Maximize Returns
One way to get the diversification you need is to invest in low-fee index funds. With these types of funds, you will have the broadest exposure to the largest numbers of securities for the lowest cost
5. Stop Mindless Spending
pend on things that dramatically enhance your quality of life, and stop mindless spending that doesn’t add any value to your life
6. Focus on Results Instead of To-Do Lists
The biggest problem with to-do lists is that focusing only on what you need to get done does not guarantee that you’re actually making any real progress.
7. Knowledge Is Not Power, Execution Is
Just make a little bit of progress each day or each week, and before you know it, your path to financial freedom will be realized
8. Notice What’s Working and Not Working
When it’s not working, change your approach. And keep changing until you finally achieve what you’re committed to
9. Model Strategies That Work
They’ve got a set of strategies that they apply and those strategies work. You don’t need to reinvent the wheel to succeed.
10. Don’t Sabotage Your Financial Success
To eliminate financial self-sabotage, you must change your core beliefs about money. You should think about the pain not having money has caused you. Write it down, then write down the positive things money offers to motivate you to change your mindset.