Do you beat yourself up for every mistake you make? Do you hang on to shame and guilt for years? Did you know that not forgiving yourself for your mistakes and shortcomings might actually be harming you? Self-forgiveness is not an easy process because it requires you to accept that you’ve done something against your values, that you’re not comfortable with, or that you’re not proud of. The process of forgiving yourself may take years or even a lifetime because it involves such negative and uncomfortable emotions, however, it’s better to work on it than to stew in guilt, shame,
What is red hat thinking from Six Thinking Hats? What type of thinking does the ret hard represent? In Edward de Bono’s book Six Thinking Hats, the red hat is the emotional hat. The wearer of this hat must share their raw, unjustified emotions about a situation without analyzing why they feel the way they do. Keep reading to learn when and why the red hat should be worn.
Do you want to level up your investing game? What are some things you can do to increase your investment earnings? Once you start seeing your investments grow—even by a little bit—you’ll start thinking about how to feed your financial growth even further. According to Ramit Sethi, the author of I Will Teach You to Be Rich, the first step to leveling up your investment game is to define a concrete reason for growing your wealth. Otherwise, you’ll risk what Sethi calls “living in the spreadsheet”: becoming so fixated on making money that you forget the purpose of having money
What is I Will Teach You to Be Rich about? What are the key points of Ramit Sethi’s money advice? In his book I Will Teach You to Be Rich, self-taught expert in personal finance Ramit Sethi distills the basics of personal money management. You’ll learn how to use credit cards wisely, choose the right bank accounts and investment accounts, plan out your spending, and ultimately create a financial system that grows your money automatically. Below is a brief overview of the key points.
What is black hat thinking from Six Thinking Hats? What type of thinking does the black hat represent? When should you wear the black thinking hat? The black thinking hat is one that many people are adept at using. When you wear the black hat, it’s your job to look for problems and flaws in a situation. However, this hat should not be over-used. Continue reading to learn when to (and when not to) use black hat thinking.
What are the benefits of investing in a fund? What is the difference between index vs. mutual funds? Both index funds and mutual funds allow you to invest in a diverse group of investments. The main difference is that index funds invest in a specific group of assets (e.g. S&P 500 stocks), while mutual funds invest a changing list of assets, selected by a fund manager. In this article, we’ll explain the difference between index funds and mutual funds: how they work, their benefits, and their disadvantages.
What makes a “good” bank? What are some things you need to consider when choosing where to do your banking? Taking a little bit of time to choose a good bank now will save you time, money, and frustration down the line. There are many things to consider when choosing a bank, fees and reputation being the most reliable indicators of a bank’s trustworthiness. In this article, you’ll learn how banks make money off their customers and how to tell the difference between trustworthy banks and predatory banks.
What is yellow hat thinking from Six Thinking Hats? What mode of thinking does the yellow hat represent? The yellow hat is the constructive hat. This means the wearer’s job is to provide proposals and suggestions to the rest of the team while staying grounded and focusing on improvement. Keep reading to learn how to use the yellow hat in your decision-making process.
Are you looking for a complete beginner-friendly introduction to investing? Why do money gurus recommend starting to invest while young—ideally, in your twenties? Investing is the best way to grow your money into more money, and starting early is crucial to maximizing that growth. However, so many young people miss out on lucrative returns by not investing. In this article, we’ll go through the basics of investing: the benefits of starting young, the types of asset classes you could invest into, and the difference between investing into actively managed mutual funds and passively managed index funds.
How should married couples handle their money? Should you keep a joint bank account? Completely merge your finances? How can you bring these issues to the table in a constructive and non-intrusive way? How much you choose to talk about money with your family is up to you. But if you have a serious romantic partner, conversations about money will be impossible to avoid. In this article, you’ll find advice for three common sticking points when it comes to marriage and money: talking about money with your partner, paying for a wedding, and prenuptial agreements.