5 Personal Finance Tips for 2024

Wait till I give my money. Attention Attention.

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Five personal finance tips for twenty twenty four.

Number one, don't loan any money.

Number two, I would save forty to fifty percent of your money. We don't know what's coming, something that's gonna come eventually. Number three, you have to find a way to invest at least twenty five percent of your income. Number four, spend some time to invest capital to making yourself better in one area of your life, whether it's investing, whether it's AI or there's STEM.

I think that's really key.

And then I think number five, you have to find ways to invest money into businesses outside of publicly traded markets that are going to grow. So whether that's finding a business to invest in that you believe in that you see has growth, a friend, or project the idea. I know back in the day they had like product hunt where you can find things to invest in.

But I think the biggest one.

For me is like finding places to deploy capital outside out of the public markets and being being very tight on just give it out or handing out money.

When it's not earned and or deserve.

For sure, Like I did an interesting experiment this month, well, like I didn't reply to any messages that were like non revenue messages to ten PM.

Just flat out didn't reply. Cool like revenues up thirteen month, Like we.

Have to pour our time and energy and efforts into the right thing. And I think a lot of times, as we grow and as we get established, because we have success, we want to make the climb easier for those of us behind us. But sometimes you don't understand or appreciate the climb unless you went through it yourself. So as you grow, you still have to have that budget in mind that you're staying within. And I just spend pervocusely and just and over accessibly in terms of helping.

So, but what about you?

I got it like a quick question, right, because we always talk about two tech two index and so somebody actually asked me this this weekend. They were like, yeah, we always we talked about VGIVO as indexes. Right, total market total sm P five hundred. Should people be looking

Join eaninvest dot com and get the true But you can look at VUG. We went through this before. VUG is one that you can look at that will give you some exposure. VGT is there technology are so if you want to higher growth international right now, wouldn't touch there's too much. Even Buffet said it in this letter. If there are not ten or fifteen international companies that

A little bit. There's some real risks out there once you are invested internationally.

I still like Mercardi Lee Bray, but it's not that many that I can just say, hey, this is the index that I want to go in. Japan has been doing great, but even they they were doing great because they were still operating under a zero interest rate environment. China, I still haven't seen jack Ma. So I will stay away VUG v T I v G T V O all and you'll be a okay. And the next time I put up on the weekend too, I'm gonna be there.

I'm gonna be there.

Well yeah, well whatever weekend retirement party, you know what I mean? People call like, y'all, see you guys in here where you And I'm like, I'm at home.

It's retirement.

Well he's Jersey retirement, Jersey retirement. Yeah, Christmas to the one who, uh he helped give me some credibility in the crypto world when she was working at Yahoo.

About the call of bitcoin going to twenty thousand.

I know they love to say we've never talked about crypto until this year, but Mike Novagrats is on and let the record reflect. You know, it was called the twenty eight and twenty thousand when it was a sixty.

So so let's let's do this before I guess comes on, because we got a lot of topics to talk about. Definitely want to talk about Nvidia and healthcare and then Chipotle as well. But let's give you some educational tips as far as books that people can can read to enhance their knowledge base.

I talked about this in stock Club this past weekend. But one is called Black Edge, very fascinating book on how like the hedge fund hedge fund industry works. Number two going back to the Conceito thing with Bruno Mars a man for all markets. So the gentleman in a book is one who worked in the casino industry and then went over to the investing in brokers' industry.

And then the third book.

I would say it's tough because I want to mention money, master the game. But I talked about this so much, but I probably would go through any book from Mark Douglas on trading psychology, and a great part about that book is at every level, like if you're a beginning trader, is going to help you, if your intermedia area is going to help you. And then when you size up and getting to a point where you're trading forty to fifty contracts at the time, it's going to help your life.

I'm with you, I'm with you.

I think the mindset is the first thing is interesting because we just had our book club yesterday shot everybody that pulled up to book.

Club g was going on.

It was a masterpiece. And so I'll use We gave out four books that that were interested in doing in this quarter, and it really has to do with investing in the mindset around investing. So find your Way by Simon Sheck. Atomic Habits by James Clear and a great with all time, all time classic. I mean, Blink by Malcolm Gladwells is just an all time classic. If you haven't read it, please please add that to your your your reading digest, added to your library, put it on audiobook.

Think it is important.

So those are like four right now that definitely we're going to be talking about, So you should add it to your list as well.

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