On Zen, Contentment, Happiness, Books, and Financial Freedom. And yeah, living a Simple Life.
Link to YouTube channel -
- Tweets 26,724
- Following 240
- Followers 58,500
- Likes 19,229
Pinned Tweet
Around a month ago, I started a YouTube channel - A Simple Life.
Short two-minute videos so far on -
Zen
Trading
Investing
Mindfulness
Financial Freedom
rb.gy/w1otd9
27
51
451
"That man is richest whose pleasures are cheapest."
- Henry David Thoreau
A good book.
A morning walk.
A hot cup of coffee.
A window with a view.
What else?
96
208
1,613
A few books that have influenced me
1. Personal Finance: Rich Dad, Poor Dad
2. Trading: Trading in the Zone
3. Mindfulness: The Power of Now
4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto
5. Biography: Snowball on Buffett
6. Life: A Book of Simple Living
16
188
866
Here are my notes and highlights from “Atomic Habits” by James Clear.
The book deals with how to go about developing good habits, one small bit at a time, and letting go of bad ones. It is a well-researched book and a highly engaging read, full of practical solutions. (1/n)
33
274
814
Each book you read is a minor software upgrade for your brain.
#WorldBookDay
10
229
770
A thread on my notes and highlights from the book "Letters from a Stoic" by Seneca.
Written in around 65 AD, the book is a literary masterpiece, and has had a great influence on me. I try to re-read it at least once a year.
(1/n)
52
292
758
The best explanation of financial freedom I have read. From an advertisement in the 60s. Worth a read.
25
285
666
Warren Buffett on IPOs -
"It’s almost a mathematical impossibility to imagine that, out of the thousands of things for sale on a given day, the most attractively priced is the one being sold by a knowledgeable seller (company insiders) to a less knowledgeable buyer (investors).”
14
133
601
"It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages."
- Henry Ford
To sum it up, No customers = No wages.
9
75
567
If you have enough money and are still running after it, then you have missed the entire point of having money.
19
68
519
Excel Sheets are to investing what PowerPoint presentations are to meetings.
Both give the illusion of having done a lot of work.
10
69
489
I am sorry but 2021 is not going to change anything for you unless you are willing to change yourself.
6
43
481
Let's start the year with some basics.
Personal Finance 101
1. Spend less than you earn.
2. Reduce, and finally, eliminate debt.
3. Take responsibility for your money.
4. Practice delayed gratification.
5. Don't look for happiness in material things.
6. Be grateful. Be kind.
17
85
458
The best explanation of Financial Freedom that I have ever come across.
From an advertisement in the 60s. A must read.
17
108
431
According to me, the most insightful quote about money -
"Wealth is the ability to fully experience life."
- Henry David Thoreau
11
50
414
We spend large amounts of money on formal education, hoping simply for the opportunity to earn money.
Yet, when it comes to stock markets, we expect to starting earning from day one, from the moment we buy a stock.
Ironic, isn't it?
The market too demands its tuition fees.
15
68
405
A list of books that have influenced me -
1. Personal Finance: Rich Dad, Poor Dad
2. Trading: Trading in the Zone
3. Mindfulness: The Power of Now
4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto
5. Life: A Book of Simple Living
What's your list?
36
77
409
Personal Finance 101 -
1. Spend less than you earn.
2. Reduce, and finally, eliminate debt.
3. Take responsibility for your money. Invest it.
4. Practice delayed gratification.
5. Don't look for happiness in material things.
6. Be grateful. Be content.
8
81
389
Bull markets convert investors into traders.
Market corrections convert traders into investors.
Happens every time.
5
40
378
Your Quality of Life depends on your ability to say "No".
And money increases your ability to say "No".
10
69
362
Here are my notes and thoughts on the book “Your Money or Your Life”. The original version was published in 1992 and has been acknowledged as a one of the pioneers for the Financial Independence (FI) movement. An updated version of the book has been released recently. (1/n)
26
134
358
If you are successful, you probably underestimate the role of luck.
If you are unsuccessful, you probably overestimate the role of luck.
7
52
356
Most successful trading and investing strategies are actually pretty simple.
But it's usually a very complex and painful route to get to that simple.
13
44
337
"At high tide fish eat ants;
At low tide ants eat fish."
- Thai proverb
Everything is cyclic. Never forget.
5
48
337
Reading an interview by a prominent PMS Fund Manager stating that 350-400 midcaps, smallcaps can double in price in 2020.
This may happen. This may not happen.
But my main takeaway from the interview is this -
Never ask a barber if you need a haircut.
26
34
342
"The No. 1 reason people fail in life is because they listen to their friends, family, and neighbors."
- Napoleon Hill
True for life. True for investing.
7
51
327
You can read about it.
You can hear about it.
You can see long-term historical charts.
But, there is no substitute for experiencing a market panic yourself.
The Class of 2008 welcomes the Class of 2020 🙂
7
40
341
A list of my favourite personal finance books. The earlier one reads such books, the more useful they can be.
1. Rich Dad Poor Dad
2. The Millionaire Next Door
3. The Richest Man in Babylon
4. Your Money or Your Life
5. Dollars and Sense
12
78
333
If you don't have enough of it, times like these make you realise the importance of money.
If you have enough of it, times like these make you realise the limitations of money.
4
80
336
So, I guess everyone is a long term investor by now.
#Nifty
20
15
326
On #BookLoversDay, here are a few books that have influenced me
1. Personal Finance: Rich Dad, Poor Dad
2. Trading: Trading in the Zone
3. Mindfulness: The Power of Now
4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto by Taleb
5. Biography: Snowball on Buffett
7
76
327
The Personal Finance book that has influenced me the most is Rich Dad Poor Dad.
Two concepts in particular stood out.
1. The definitions of assets and liabilities
2. The house you stay in is not an investment
Which personal finance book has influenced you the most?
40
57
311
Years ago, I came across the 10-10-10 rule.
Whatever you are worried about or deliberating upon, is it going to matter in 10 minutes? 10 months? 10 years?
It helps keep things in perspective and also makes one realise how screwed up our priorities are.
Know what matters.
10
73
323
A student approached a Zen Master (ZM) -
Student: "How long will it take me to gain enlightenment if I join your temple?"
ZM: "Ten years"
Student: "And if I work real hard and double my efforts?"
ZM: "Twenty years"
- The more you seek it, the further it goes away from you.
3
55
314
The books I find myself reading again and again, and learning something new each time.
1. Siddhartha
2. Tao Te Ching
3. The Power of Now
4. Letters from a Stoic
5. On the Shortness of Life
6. The First and Last Freedom
7. Zen and the Art of Happiness
What's your list?
#books
32
65
320
Financial Freedom is not about quitting your job. It is not about retirement
It actually makes you better at your job. A better citizen. A better family guy
Then what is financial freedom about?
The best explanation of financial freedom that I have seen. From an ad in the 60s
15
90
318
Things I would tell the younger me if I could go back in time.
- Fail more often
- Travel more
- Put just enough effort in school so to get by
- Don't take life too seriously
- You don't matter. Enjoy that!
What advice would you give to your younger self, if any?
42
39
306
Power - ability to make others do what you want
Freedom - ability to make yourself do what you want
Yet, so many of us choose power over freedom everyday.
6
76
293
The most stupid thing you can do right now is invest with borrowed money.
Or the money you need to pay next month's bills with.
#StockMarket
#Nifty
11
26
291
Here are my notes from "The Art of Happiness: A Handbook for Living" by The Dalai Lama.
(1/22)
19
109
297
Don't spend the money you have not earned yet.
That's it.
This in itself is a great start on the journey to financial freedom.
4
33
298
A bull market converts long term investors into traders.
A bear market converts traders into long term investors.
That's just the way market cycles go.
6
33
291
A list of my favourite personal finance books. The earlier one reads such books, the more useful they can be.
1. Rich Dad Poor Dad
2. The Millionaire Next Door
3. The Richest Man in Babylon
4. Your Money or Your Life
5. Dollars and Sense
15
44
297
The ability to sit back, relax and do nothing without feeling guilty about it is a life skill.
9
55
289
A room full of books.
A steaming cup of coffee.
A melody in the background.
What else could one ask for?
33
22
288
If you are knowledgable, you win most arguments you enter into.
If you are wise, you stay away from most arguments.
3
36
291
According to me, the most insightful quote about money -
"Wealth is the ability to fully experience life."
- Henry David Thoreau
6
42
279
If New Zealand's handling of the covid crisis has taught us anything, it is that empathy is the most important trait in leadership.
Respect for their leadership.
And respect for their people, for electing such a leader.
21
27
272
If you are feeling anxious and worried, I would highly suggest picking up any of the books by Thich Nhat Hanh.
I promise that you will lose yourself in the present moment.
You will find yourself in the present moment.
A thread on some of his quotes that inspire me.
(1/n)
12
69
275
"When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love...”
― Marcus Aurelius (AD 121 - 180)
Gratitude.
57
268
"That man is richest whose pleasures are cheapest."
- Henry David Thoreau
A good book.
A morning walk.
A hot cup of coffee.
A window with a view.
What else?
13
56
268
20,055
A thread consolidating all the books reviewed by me on Twitter so far.
Let's start with the book that has influenced me the most. It's not just a book, it is a way of life.
1. "Letters from a Stoic" by Seneca - written in 65 A.D.
A thread on my notes and highlights from the book "Letters from a Stoic" by Seneca.
Written in around 65 AD, the book is a literary masterpiece, and has had a great influence on me. I try to re-read it at least once a year.
(1/n)
8
85
268
There is a time to attack; a time to play defense.
It takes both experience and wisdom to know what to do when.
True for life. True for investing.
6
52
248
Financial Freedom can't be the ultimate goal.
Say, you achieve it at the age of 40. Then what? What after that?
It's a milestone in the journey. A significant milestone, but not the destination. A means, but not the goal.
#FinancialFreedom
15
33
268
You CAN'T consistently sell at the top and buy at the bottom.
Accept it.
You will save yourself a lot of mental anguish if you accept this simple fact.
The stock will continue to fall after you buy it. The stock will continue to rise after you sell it.
Make your peace with it
9
34
253
Money is important.
Why?
Having money means you don't have to compromise on things that are more important to you than money.
8
27
268
Walking, as an exercise, is seriously underrated.
Added Bonus: Do it mindfully, and it is meditation too!
6
32
251
"Enjoy the little things, for one day you may look back and realise they were the big things."
- Robert Brault
4
23
253
Have you ever wondered why you are asked to focus on your breath during meditation?
A short thread.
#zen #meditation
(1/5)
9
72
263
"That man is richest whose pleasures are cheapest."
- Henry David Thoreau
There is more than enough for your needs; never enough for your wants.
4
48
248
17,994
9-to-5 has the power to suck the life out of you if you are not careful.
Be very wary! Don't seek your identity in your job.
It's a means to make a living; don't make it your life.
3
57
254
If you want the highs, you gotta fight through the lows.
True for investing. True for life.
6
24
246
Read the best books, follow the best people, join the best groups but,
Investing is a single player game.
10
39
250