- Sit back and do nothing rather than follow the herd on investment decisions.
- Avoid FOMO (fear of missing out). What works for your social circle may not work for you. Your financial situation is unique and so is your story.
- Stay clear of financial & investment biases, challenge them. Your emotions towards your money may not let you think straight & clear.
- Know the purpose of your money. Eventually you will spend it. Set realistic financial goals & then invest.
- Invest regularly. Do not wait for lot of money to pile up in your bank account.
- For a moment, turn pessimistic. Think of all the things that could go terribly wrong. Then think about yourself & family. Financially aim to secure & insure all the risks that could otherwise drain your hard-earned money.