7 things you should never do with money

The fastest ways to lose money, HappyTaxPayer.com, Fish, Fish, Fishes & many more...

Every week, I publish an Essay & 10 interesting things that will help you become healthy, wealthy and wise 👇

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Hi 👋 Prado here

7 fastest ways to lose money

1. Buying something you don't need
   
   “If you buy things you do not need, soon you will have to sell things you need.” - Warren Buffett

2. Spending more than you make

   The right formula: Income -> Invest -> Spend -> Save

3. Investing in something one don't understand

   Be financially literate. Understand money, invest based on your risk appetite & ignore FOMO.

4. Don't invest in Fixed Deposits.

   

5. Living paycheck to paycheck.

   - Diversify your portfolio,
   - Introduce new incomes (Dividends, projects, consulting)
   - Start saving
   
   Talking about saving 👇

6. Don't cut short on a very small amount of money:

   Reducing minor expenses which add to your quality of life is counter productive.

   Prado @pradologue

   If you are young, stop wasting time finding ways to save little money (Eg:- Cancelling subscriptions) Use that time to develop skills that pay more. Increase your income.

7. Being addicted to materialistic things.

   "God damn it, an entire generation pumping gas, waiting tables, slaves with white collars, advertising has us chasing cars and clothes, working jobs we hate so we can buy sh*t we don't need." - Chuck Palahniuk, Fight Club

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Read this essay on my website:

Pradologue.com/7-things-you-should-never-do-with-money

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10 Interesting things for you 🙌

1. Let’s Buy the Constitution by Packy McCornick (Blog)

2. The Tether-Binance Axis and the Great Crypto Crash of 2022 (Blog)

3. Netflix type of website launched by the Finnish tax administration where they present the good things in Finland made possible by taxation in the form of movie titles and descriptions. (HappyTaxPayer.com)

4. Something from my Twitter👇

   Prado @pradologue

   Before going to sleep, spending time on: IG reels > Porn YT shorts > IG reels Scrolling Twitter > YT shorts 🙌 Reading books > Scrolling twitter Journaling > reading books 📚

5. Want to get fit? get these 1700+ visual workouts for FREE (Darebee.com)

6. Picture of the week:-

   

7. Question of the week:- If you made a list of people that you follow on Twitter, would you put your name down?

8. Meme of the week:- A bunch of people from the internet coming together and buying up the Constitution of US is next level. It’s a start of something bigger.

   

9. Current read: I haven’t been reading much. Jumping around between The diary of Wimpy kid and Moonwalking with Einstein.

10. Quotes of the week:

    • “Everyone smiles in the same language.” ― George Carlin

      (Tweet this quote)
      

    • “Knowing yourself is the beginning of all wisdom.” - Aristotle

      (Tweet this quote)
      

    • “Who lacks sex - speaks about sex, hungry talks about food, a person who has no money - about money, and our oligarchs and bankers talk about morality.” — Sigmund Freud

      (Tweet this quote)

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Check out some previous newsletters:

• Diderot Effect (Read)

• Life’s lines of Closeness (Read)

• Cathedral Thinkers (Read)
  
  Join in if you want me to trigger your curiosity every week👇

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In This Together,

Prado
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