Andrew (@LiveRichCheaply) header
Andrew (@LiveRichCheaply) profile picture

Want to have your cake and eat it too? Join me on my financial journey in saving while still enjoying life.

NYC
Joined July 2013
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Beware of people who speak with total authority over subjects they know almost nothing about. (Applies to bosses, contractors, clients, even family members, etc). It's fine to know nothing about a topic -- If you have an attitude of curiosity. It's dangerous to know nothing about a topic but hold your uninformed opinions as facts. And it's extra dangerous if that person occupies some type of position of authority -- because their confidence has consequences. It turns into rules and guidelines that are completely out of whack. Learn to recognize these people.
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“Patriotism means to stand by the country. It does not mean to stand by the President.” -Theodore Roosevelt
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A harsh truth I wish I could tell my younger self:
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“It’s hard to accept the truth when lies are what you want to hear.”
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Warren Buffett Bet $1M He Could Outperform Hedge Funds Over A Decade. He Did It With A Strategy Requiring No Investing Skill benzinga.com/startups/24/09/… via @Benzinga
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This is the biggest market decline since the last decline you don't remember or care about anymore.
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There is one thing I regard as deeply un-American, and it is the act of perpetuating division and discord. ESPECIALLY now, at a time when we need to be more unified than ever. Thousands of people are paid to make you angry. There’s an “anger-tainment” industry that’s inseparable from politics. Its most prominent voices have earned massive fortunes by fueling division. They have divided the country. Brother against brother. Sister against sister. Thanksgiving dinners ruined over dissenting political ideologies. Worse, there are millions of people who troll and nitpick and pick fights in comments, just for sport. These are the footsoldiers of the anger-tainment industry. They can find the most bland, vanilla, inoffensive post and somehow generate a reason to ambush it. They will take a statement that is completely benign, and figure out a way to get offended, or invent a reason to attack. Both left and right do this. The algorithms fuel this. The echo chambers of content exacerbate this. And it is precisely the problem that is tearing the United States apart. As Pres. Abraham Lincoln said, “A house divided against itself cannot stand.” Sowing the seeds and fanning the flames of that division is deeply un-American.
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Can you teach somebody self-awareness? Those who have it take it for granted, but it’s incredible how many people have absolutely zero idea that they lack self-awareness. Is there hope for them?
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In New York City, there’s an experience around every corner. From its historic charm to its high-octane energy. NYC promises something for everyone. Here are the reasons why NYC is the greatest city on the planet: ↓
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A long-time reader commented on this old post today, probably my favorite thing I've ever written In it I mention my younger brother and my grandma... both have died this year and I am experiencing all the feels 😢 gocurrycracker.com/becoming-…
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What Workforce Skills will the Next Generation Require? dlvr.it/T5DHQc
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My AirBnB Saga: When Backup Plans Fail dlvr.it/T5DHQZ
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Lessons Learned Investing in Real Estate Long Distance dlvr.it/T5DHPX
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Serious question. Are people still hiring advisers and paying them 1% for asset management? 🤷‍♂️ That can’t possibly go on much longer. There is too much information available about how ANYONE can management their own portfolio at rock-bottom fees with a few low-cost index funds.
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“Same As Ever by Morgan Housel” A profoundly thoughtful and fascinating read. A book of stories about what never changes in a changing world. When asked to my reading family for the best read in 2024 so far, it showed up the most often. 10 lessons from the book 🧵
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Your environment creates your entire reality. Spend time with people always talking about the past, you’ll be stuck in it. Spend time with people thinking big about the future, you’ll build a beautiful one.
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