"I, who have never willfully pained another, have no business to pain myself. "
- Marcus Aurelius -
It is true. Think about, it is as simple as that, if you will not accept for others to treat you, at least at the same level of you being upset when someone treat your best friend badly, you will be in a much better place. That's all for today.
Showing posts with label quote of the day. Show all posts
Showing posts with label quote of the day. Show all posts
Tuesday, 21 February 2017
Friday, 12 August 2016
Quote of the day
"Rent where you want to live. Own where you can rent."
(anonymous)
This could be a real estate investing mantra. When you are financially free, you want to be mobile. You can live whenever you want, literally. One year in Thailand, near the beach, one year in Prague, learning everything about beer and baroque architecture, and maybe one year in Paris or Barcelona. But you want to own a house near an university, or a place with lots of warehouses, for example. Anyway, is a good tip.
(anonymous)
This could be a real estate investing mantra. When you are financially free, you want to be mobile. You can live whenever you want, literally. One year in Thailand, near the beach, one year in Prague, learning everything about beer and baroque architecture, and maybe one year in Paris or Barcelona. But you want to own a house near an university, or a place with lots of warehouses, for example. Anyway, is a good tip.
Monday, 2 May 2016
Quote of the day
"Maybe it is a reason why most of the people have pictures from home at their work, but no pictures from work at their home."
(Me)
And this is the truth for the majority of the people, but we often take our thoughts from work with us, in our home, and not so often as we should, we take our thoughts of calm and relaxation from home to work. Did you ever try to ask yourself to answer to this question?
(Me)
And this is the truth for the majority of the people, but we often take our thoughts from work with us, in our home, and not so often as we should, we take our thoughts of calm and relaxation from home to work. Did you ever try to ask yourself to answer to this question?
Tuesday, 23 February 2016
Quote of the day
"Thriving is all you understand anymore. Mediocrity is a mismanagement of your innate human potential. "
(Unknown)
This is some interesting thought. You are not successful if you are thriving. But you are a failure if you are average, because this mean that you are not reaching for more. You are not giving 100%. You are not doing everything you can. This made me think about a Japanese story, when the novice go to the Master and ask him how much he need to meditate to became a wise man.
- One hour every day, the Master said.
- And how fast i will reach my goal?
- Five years.
-What if i meditate 8 hours every day, how fast i will become a wise man?
-30 years.
Conclusion: when you are giving all you can, less is more.
And i have even a follow up story.
After few years the novice return to the Master.
- My Master, i try to become a wise man, i did tremendous efforts, but i am still an ordinary person, what i am doing wrong?
The Master pushed his head under the water into the river nearby. After one minute he let go of him and left. Very angry, the novice ran after the Master and asked him why he did that.
- What were you thinking after one minute under the water? said the Master.
- I was longing for air, nothing else.
- When you will try to become wise as much as you wanted to breathe, when we were at the river, you will become almost instantly.
Conclusion: We are under-performing constantly, when we are not using our full potential. As Richard Bach said, our biggest sin is to limit ourselves, do not limit yourself in any way.
(Unknown)
This is some interesting thought. You are not successful if you are thriving. But you are a failure if you are average, because this mean that you are not reaching for more. You are not giving 100%. You are not doing everything you can. This made me think about a Japanese story, when the novice go to the Master and ask him how much he need to meditate to became a wise man.
- One hour every day, the Master said.
- And how fast i will reach my goal?
- Five years.
-What if i meditate 8 hours every day, how fast i will become a wise man?
-30 years.
Conclusion: when you are giving all you can, less is more.
And i have even a follow up story.
After few years the novice return to the Master.
- My Master, i try to become a wise man, i did tremendous efforts, but i am still an ordinary person, what i am doing wrong?
The Master pushed his head under the water into the river nearby. After one minute he let go of him and left. Very angry, the novice ran after the Master and asked him why he did that.
- What were you thinking after one minute under the water? said the Master.
- I was longing for air, nothing else.
- When you will try to become wise as much as you wanted to breathe, when we were at the river, you will become almost instantly.
Conclusion: We are under-performing constantly, when we are not using our full potential. As Richard Bach said, our biggest sin is to limit ourselves, do not limit yourself in any way.
Saturday, 13 February 2016
Quote of the day
When the financial crisis was at his height, in 2009, someone asked Warren Buffet how to survive during a crash. His answer was:
"Financial staying power requires a company to maintain three strengths under all circumstances:
1) a large and reliable stream of earnings;
2) massive liquid assets and
3) no significant near-term cash requirements."
If you will make analogies with a company, then you need to think at:
1) A reliable stream of earnings: Staying in one job for the long haul is a great way to earn the confidence of your employer. But even then, nothing is certain. Make sure you have disability and life insurance to provide a reliable stream of earnings if something should happen to you. Multiple income sources is the word.
2) Massive liquid assets: Here's a point that many fail to heed. At a bare minimum, you should have enough money set aside to provide for you and your family for six months if you lose all sources of income. Keeping a little cash on hand to take advantage of stock market dips can pay off as well; then, while other investors panic-sell, you can buy shares of your favorite companies at a discount.
3) No significant near-term cash requirements: This can be a little tricky if you're just about to buy a house or send a child off to school. But in the end, what Buffet is really talking about here is being smart with your money i.e. not making bets that you can't afford to lose.
"Financial staying power requires a company to maintain three strengths under all circumstances:
1) a large and reliable stream of earnings;
2) massive liquid assets and
3) no significant near-term cash requirements."
If you will make analogies with a company, then you need to think at:
1) A reliable stream of earnings: Staying in one job for the long haul is a great way to earn the confidence of your employer. But even then, nothing is certain. Make sure you have disability and life insurance to provide a reliable stream of earnings if something should happen to you. Multiple income sources is the word.
2) Massive liquid assets: Here's a point that many fail to heed. At a bare minimum, you should have enough money set aside to provide for you and your family for six months if you lose all sources of income. Keeping a little cash on hand to take advantage of stock market dips can pay off as well; then, while other investors panic-sell, you can buy shares of your favorite companies at a discount.
3) No significant near-term cash requirements: This can be a little tricky if you're just about to buy a house or send a child off to school. But in the end, what Buffet is really talking about here is being smart with your money i.e. not making bets that you can't afford to lose.
Wednesday, 25 November 2015
Random thoughts
What i read nowadays?
1. A mindset lesson from T. H. Eker. Click here
2. New side hustle. Did you ever dreamed to become a computer geek? Learn to code and pay what you want for it. Click here. Only until 1.12.2015. Almost free. One dollar per language, thanks to Project Hope.
3. Some quote that stuck in my mind: ,“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” (Ayn Rand)
4. Today dilemma: As i need to invest some money at the end of December, should i just buy some Bitcoin, as just reached the low point, or not? (The good news here is that finally Visa did something to facilitate the use of Bitcoin - click here. The bad news is that the card is available only in US.)
1. A mindset lesson from T. H. Eker. Click here
2. New side hustle. Did you ever dreamed to become a computer geek? Learn to code and pay what you want for it. Click here. Only until 1.12.2015. Almost free. One dollar per language, thanks to Project Hope.
3. Some quote that stuck in my mind: ,“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” (Ayn Rand)
4. Today dilemma: As i need to invest some money at the end of December, should i just buy some Bitcoin, as just reached the low point, or not? (The good news here is that finally Visa did something to facilitate the use of Bitcoin - click here. The bad news is that the card is available only in US.)
Saturday, 12 September 2015
HMRC change of details - Passive income - Biochemistry of early retirement - Quote of the day
1. If you didn't know what to do with this, just read at the following link https://www.gov.uk/tell-hmrc-change-of-details .
2. Active versus passive income. What are they? How we do it? Crash course.
Passive income is usually found on paper, or lately online accounts. Shares, government or company bonds, ETF or mutual funds, this is first type of income.
Passive-active income like real estate is the second type of income.
Active income like your own business is the third type of income.
In order to become financially independent, even if you do not want to retire early, you need a mix of first and second type of income, and occasionally the third. At least two of them types are required in order for you to be protected in case of a global crisis.
3. The biochemistry of early retirement - What part of the brain do you need to achieve early retirement? I will tell you. The prefrontal cortex is the seat of executive control, or self-regulations - the part of the brain responsible for planning, self control and will power, complex cognitive behaviors, personality expression, decision making and regulating social behavior. The prefrontal cortex allows you to differentiate between conflicting thoughts, predict outcomes, set expectations, suppress urges that might lead to non-resourceful outcomes.
Homework for everyone: find at least 3 ways to make your prefrontal cortex to be more efficient.
4. And finally the quote of the day is:
"I'd like to live as a poor man with lots of money." - Pablo Picasso, artist (1881-1973)
2. Active versus passive income. What are they? How we do it? Crash course.
Passive income is usually found on paper, or lately online accounts. Shares, government or company bonds, ETF or mutual funds, this is first type of income.
Passive-active income like real estate is the second type of income.
Active income like your own business is the third type of income.
In order to become financially independent, even if you do not want to retire early, you need a mix of first and second type of income, and occasionally the third. At least two of them types are required in order for you to be protected in case of a global crisis.
3. The biochemistry of early retirement - What part of the brain do you need to achieve early retirement? I will tell you. The prefrontal cortex is the seat of executive control, or self-regulations - the part of the brain responsible for planning, self control and will power, complex cognitive behaviors, personality expression, decision making and regulating social behavior. The prefrontal cortex allows you to differentiate between conflicting thoughts, predict outcomes, set expectations, suppress urges that might lead to non-resourceful outcomes.
Homework for everyone: find at least 3 ways to make your prefrontal cortex to be more efficient.
4. And finally the quote of the day is:
"I'd like to live as a poor man with lots of money." - Pablo Picasso, artist (1881-1973)
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