Was reading RK's "Retire Young, Retire Rich" (again) last night, and he is talking about the words we put in our heads as a factor in your progress to get rich (assuming you are trying to do this) -
Slow word - Save (money in a bank, etc)
Fast word - Depreciate (tax deductions on assets)
Slow word - appreciate (waiting for an investment to grow in value - Sydney right not withstanding)
Fast word - cashflow (allows more acquisition of assets with cashflow)
Slow word - doodad (keep you poorer)
Fast word - asset (increases your cashflow)
Interesting...I hadn't realised just how much my (and others here, no doubt) mindset has changed since first starting down this investing path...
How much has your mindset shifted since discovering investing, or have you always had the right words in your vocabulary?
Slow word - Save (money in a bank, etc)
Fast word - Depreciate (tax deductions on assets)
Slow word - appreciate (waiting for an investment to grow in value - Sydney right not withstanding)
Fast word - cashflow (allows more acquisition of assets with cashflow)
Slow word - doodad (keep you poorer)
Fast word - asset (increases your cashflow)
Interesting...I hadn't realised just how much my (and others here, no doubt) mindset has changed since first starting down this investing path...
How much has your mindset shifted since discovering investing, or have you always had the right words in your vocabulary?