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Five Tips to Stay Cool in a Nervous Market
To be a successful investor you have to avoid the natural human instinct to follow the herd. When the stock market goes down, your natural tendency is going to be to want to sell, and when the stock market is going up, your natural tendency is going to be to want to...
What’s the Difference Between Rich and Wealthy?
Rich or wealthy? Maybe you think these are two different words for the same thing, but they aren’t. You can almost hear it in the word. One is like a rush. It’s material. The other is more solid and has more of a psychological quality to it. So what exactly is the...
10 Steps to Setting Great New Year’s Resolutions
How did last year's New Year's resolution go. Maybe you just forgot about it as the champagne bottles were packed away and life resumed. What's going to make this year any different? How do you make your decision stick? No worries, I've got you covered. Here are ten...
How to Gift Shares for Christmas
Why not give shares for Christmas or birthday presents? They don't clutter or take up space, and it's the type of gift that keeps on giving. If you select shares in some good companies, they'll hopefully increase in value over time. But more importantly than that, you...
Five Strategies to Make This Winter the Best Thing That Happened to You
Last year at this time, there were no family gatherings during the holidays, no parties, no theater, no schools. I sat alone at home with my kids on Christmas Eve and New Year's Eve. At one point I thought: "I NEVER want to go through this again." What did I really...
How to Create Extreme Wealth
Recently, I had a revelation. It happened when I overheard the motivational speaker Bob Proctor talk about the three money types. He divides people into M1, M2 and M3. He talks about those who make money by giving their time to get money, i.e., those with a paid job....
How to Reduce Taxes on Stocks 2021
Taxes can eat up a big chunk of your capital gains, and they really affect the long-term effect of compounding. The good news is that there are steps you can take to minimize the taxes you pay on stock gains. The tax regulations are different from country to country,...
Is Money Your Servant or Your Master?
Many influencers, Instagrammers and YouTubers give tips on how to save money on laundry, hairdressers, food and lots of other things. One of the YouTubers I recently noticed explained how he lives on oatmeal and Heinz tomato soup in order to save and invest and become...
Persistence: Seven Steps to Keep Investing in Stocks
If you examine how people succeed with almost anything, there is always an important ingredient that is just as crucial for their outcome as flour is for bread. No flour, no bread. What is it? Persistence. The ability to keep going, even when it gets difficult. As...
Five Tips for Making Good Investment Decisions
To become a good stock market investor, you need to practice becoming good at making quick decisions on your own. If you think about it, investing is all about being able to make decisions. After all, decision-making is the core of investment if you cut it right down...
Why People Keep Investing in Losing Positions and How To Avoid It
When Warren Buffett was a young man, he went to the horseracing track and bet the earnings from his newspaper routes on a horse. He lost. Instead of going home, he put more money on a new race, which he also lost. The same thing happened again and again. He kept going...
The Biggest Mistake Many New Value Investors Make
You have become a dedicated value investor, and now you want to get started at the actual investing. You have seen the light. You understand that it’s about buying shares when they are undervalued on the stock market and selling them when they are overvalued (or...
Crush the Excuses Keeping You From Investing in the Stock Market
Are you outside the stock market despite wanting to be in it? Maybe you’re suffering from the very common disease called "bad excuses." Read this list of the five most common bad excuses and find out how to cure them. Excuses grow like weeds in your mind, and you need...
Three Ways to Find Your Next Investment Idea
How do you pick the companies you want to buy stocks in? How do you even know which companies to look at? Where do you find your inspiration? These are some of the questions I get asked most frequently. Here are three ways to find your investments or to get your...
The Billionaire’s Five Mental Habits
It is hard for you to get rich if you don’t believe it’s possible. It's hard for you to become wealthy if you consciously or unconsciously feel a little guilty about wanting more. It’s difficult to maintain your wealth if you’re afraid of losing money. Nevertheless,...
How to Set Up Your Investing Practice
I once read a blog post that changed my life. It was about running and maintaining the new exercise habit. According to the blogger, all you had to do was put on the running shoes first thing in the morning. In fact, he said you should sleep with the running shoes...
What Happens if You Never Start Investing?
It always surprises me that so many people are sitting on the sidelines of the stock market. They want to start investing in stocks, and they participate in various Facebook groups, listen to investment podcasts, and read relevant blog posts... but they don’t buy any...
How Do You Make a Living From Stocks?
How do you actually make a living from stocks? What are the specific steps? Do you sell the shares? This is a question many people ask me. The underlying question here is also: what comprises a return on a stock? Is it just the rise in the stock price? In this blog...
How To Make Your Child a Millionaire
“I have some money that I would like to invest for my child. How should I invest it?” This is one of the most popular questions I hear. The good news is that I get it. One of my biggest drivers for investing is making my children financially independent long before...
Five Reasons Why You Should Have a Prenup Contract
Only a minority of couples sign a prenuptial agreement - a prenup, for short - even though it could have a positive impact on the relationship. It's a shame, because there are many benefits to being clear about what should happen financially if you separate - even if...
Dividend Stocks? Here Is Your Crash Guide
When listening to novices and cautious shareholders, one would think that the paved road to financial freedom (and sense of financial security) lies in a very specific place: Namely, in dividend shares. In this blog post, I will explain exactly what dividends are and...
The Five Most Typical Beginner Mistakes
How do you invest in stocks? What do you invest in specifically? Many newbies have probably asked a friend or googled these questions. But there are other questions that are at least as important to ask: What should you NOT do when investing? What should you avoid...
How to Protect Yourself From the Threat of High Inflation
Inflation is a threat because it erodes the value of your money. Inflation is also a threat because it can indirectly lead to a stock market crash. When inflation rises, the national banks around the world will eventually have to let interest rates rise to curb that...
Three Mistakes You Make When Haggling
The other day on Facebook, I read some tips and tricks to negotiate discounts and rebates. There were many creative ideas and examples of white lies. Here are some of the tricks that came up: One person always said “This is above my budget” and waited for an answer....
Ten Crazy Things People Dependent on a Salary Say
If you are dependent on receiving a monthly salary, you have a particular way of thinking that has been encoded in you through years of schooling and socialization in the job market. There are some special phrases, sentences and wordings that repeat themselves. Maybe...
Seven Steps to Master the Courage of Investing
I often meet people who want to invest in stocks but can’t bring themselves to get started. It may be laziness or fear that holds them back - or perhaps a mixture. The composition of the emotions is irrelevant, as the cure is the same. In this blog post, I’ll give you...
Ten Personal Rules for Getting Things Done
In just a few weeks, I have moved myself and my two children from Nørrebro in Denmark to Cascais in Portugal. It has been a huge project with so much involved: finding a new house, a new school, getting the old apartment sold, sorting, packing, and shipping our...
Three Reasons Why a Sabbatical Can Boost Your Career
Does it become a "black hole" in your resume that you fall through if you take a sabbatical year or two? I think many people stop themselves from taking life breaks or sabbaticals because they have a feeling that they can’t leave the rat race. Maybe it also just seems...
Five Rules to Get You Through Revenge Spending
As the world opens up after the global pandemic, some people become euphoric and buy luxury items that become a symbol of freedom. Are you aware that Lamborghinis are almost sold out for the year? Six months into the year, 2021 has become the luxury car brand's...
Five Common Money Blocks and How to Overcome Them
What we tell ourselves about money is important. When teaching investment, it has dawned on me how much of the work is mindset. We can only get s0 far with knowhow about how to calculate when a company is cheap on the stock exchange. The other day I coached someone...
