Weekly Wrap-ups

Whitey’s Weekly Wrap-up 005

Summary Of The Week:
  1. BLOG 015 (Saving Tips To Create A Life-Changing Money Habit) – provides my top tips to succeed at saving. Savings is the starting point for freedom from financial stress and is easier than you may think. Simplicity and consistency is the key. Have a goal, Set practical saving amounts, Save First, Spend Later & Review your progress. You just need to start.
  2. BLOG 016 (What Actually Is An Asset?!) – breaks down what an asset actually is and provides a valuable framework (The Wealth PIE) on the smart way to analyse and acquire assets.
Quote Of The Week:

“Do not save what is left after spending, but spend what is left after saving” – Warren Buffet

Book Of The Week:

“Principles”Ray Dalio

Ray Dalio is the founder and co-chairman of Bridgewater Associates, which, over the last forty years, has become the largest and best performing hedge fund in the world. Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that helped him create unique results in life and business—and which any person or organization can adopt to better achieve their goals.

The book is split into two main sections:

  1. Life Principles – tells the story of Dalio’s career and explains his overarching approach to life using principles that affect everything he does—most importantly, how he pursues meaningful work and meaningful relationships.
  2. Work Principles – explains the unusual way Dalio ran Bridgewater Associates for over 40 years, and how the firm’s unique approach to working together led to its outstanding results.

Rather than thinking, ‘I’m right.’ the book questions you to ask yourself, ‘How do I know I’m right?’

Principles are ways of successfully dealing with reality to get what you want out of life. 

So much value in his words of wisdom and has quickly become my new favourite book: 10/10

Article Of The Week:

Don’t expect the ASX to recover its all-time high soon

This article provides good insight into the current state of the Australian share market. I’m currently looking for ASX listed companies with an offshore earnings component to its business to get the best of both worlds. 

Video Of The Week:

If your in you’re twenties and struggling with some motivation. Watch this gem..then go and CRUSH your goals!

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