Category Archives for "Mindset"
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Where Are You On The Investing Learning Curve? Learning Curve Psychology and Steps for Mastery
Where are you on The Investing Learning Curve? Many of us have a deep desire to accomplish some specific task in life. Become a writer, bloom as an entrepreneur, create amazing art, build our own home, achieve financial freedom. But we become discouraged too early and easily because we make a fundamental mistake. We confuse a […]
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True Prosperity – A Word of Caution
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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Streaking Like An Arrow Towards Financial Independence 2.0
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 A Member Of The Elite?
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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Unhook From The Spending Matrix – Understanding “Memetic Desire”
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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Social Status – How To Strut Like a Rock Star, Without Breaking The Bank
I’ve written here and here about how people spend money to try to project (purchase) social status. The urge to signify success and attractiveness is quite human and normal, in my opinion. Yes, people can blow it way out of proportion and become obsessed with their Instagram accounts–modern day incarnations of Narcissus, mesmerized and trapped by […]
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The Pitfalls of Financial Freedom
Financial Freedom. Ahhhhh. It beckons like an oasis on the horizon. But let me tell you what financial freedom doesn’t automatically provide: Context. If you are just living off of investment income, you aren’t necessarily part of something larger, a context or theme for your life. Tribe. Related to the first point, if you are […]
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Spend More Money, Be Happier
In the personal finance space and discussions of financial independence, so much of the conversation is about how to save money strategically. Indeed, I’ve written quite a lot about smart saving, including, here, here, and here. (Bonus video here.) However, life is life. And some things really do bring joy. Sometimes you need to Spend […]
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Steps to Financial Freedom: You have to OWN Your Financial Life
To achieve financial freedom, you have to own your financial life. Don’t think of your finances like something that is happening to you. Treat the money flows like a business. What is your income? What are your expenses? Where can you reduce costs and boost income?Treat it Like a BusinessRevenuesHow can you find new revenue […]
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Zig When Others Zag–Go Countercyclical
When I was a kid, I loved celebrating Christmas. The shiny presents. A stocking hanging over the fireplace. Small, colorful lights wending their way around the Christmas tree…. There was just one thing. Santa Claus made a big exception for our family. I didn’t know this at the time, but Santa often came to the […]
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