Mighty Investor strives for all of us to enjoy prosperity and abundance in our lives–including lots of nice stuff. However, a word of caution. When we are unduly focused on demonstrating massive material abundance
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We’ve said it before, and we say it again here: you are now streaking like an arrow towards Financial Independence. How does that feel? Real? Exaggerated? Inevitable? This image of an arrow in flight is Mighty Investor’s
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Are you elite? It’s an interesting question that provokes all sorts of reactions when you ask someone this question. Especially for Americans, there is almost a taboo to say you are a member of the elite.
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Focus is crucial to achieving financial independence. If you are early in this game, I have a suggestion. Take a year and just go after it. See how much money you can save if you (and your family) make a point to focus intently on jumpstarting your finances. Turn it into a game.
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As noted before, most of us aren’t the Babe Ruth of investing. Therefore, we should just buy broad-based index funds (or ETFs) and move on with life. But there is another, subtle reason why index funds are the way to go for most people.Career Opportunity CostsWhen you spend a ton of time researching and investing in […]
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Gamification is all the rage in the startup world. Trying to get in shape? Gamify with FitBit and compete against your friends. When I first started this website, I gamified the early stages by turning the process of creating content for MightyInvestor.com into a personal challenge
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Have you ever heard of Memetic Desire, a concept developed by the French philosopher René Girard? I’m guessing not ;). Here’s a quick YouTube clip on the topic, and here’s a Wikipedia entry that goes a bit deeper. The basic idea is that humans develop their sense of desire by watching someone else desire something. We […]
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Have you heard of the book Checklist Manifesto by Atul Gawande? It’s written by an elite hospital surgeon who found that using simple checklists can dramatically reduce errors in a hospital setting. The quintessential example of checklists being deployed effectively is aviation. Do you want your pilot skipping the pre-flight checklist and just winging it? Didn’t […]
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“Bold Action, Thoughtful Frugality. That’s the deadly combination.” ~ MightyInvestor.com
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When you have simple tastes, your career opportunities open up massively because you aren’t forced to focus on maximizing income in the short-term to maintain your florid lifestyle. This is especially so when you have built a massive financial buffer. You can then try out different opportunities, take risks, and experiment with different options. What about […]
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