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Personal Finance & Investing 101


Thinking In Public

July 14 · Issue #5 · View online
I appreciate the build in public movement. It allows people to share ideas, get feedback and learn quickly. So why not do the same with our thinking? That’s what I try to do with this monthly newsletter, send on the last Sunday of each month. The current iteration has 3 sections: - Clarify - Something I’ve tried to think through. - Consider - Ideas I’m playing with. Normally with questions. - Collect - Thinking I’ve collected from others. All thinkers welcome.

Happy Sunday,
I hope you are enjoying the warm summer.
Over the last month, I’ve worked on re-creating my personal website. For myself, I’ve made it easier to maintain and faster to make changes moving forward. For anyone who lands on my site, it’s faster on load. You can see the latest version at
For my monthly post, I am doing something different. About a year ago, at the request of a few close friends, I wrote a google document summarising everything I’ve learned about personal finance and investing. I’d read several books on the topic and begun experimenting in the stock market. Over the last year, the document grew to 15 pages. I realised others may find this useful, so I decided to publish it on my website. It is not financial advice, which I am not qualified to give. But I do hope it may inspire others to begin their own journey into understanding finances. Below I include just a snippet of the much longer post.

Personal Finance & Investing 101
This is a snippet. To read the full thing, see Personal Finance & Investing 101 on my personal site.
If I Could Only Tell You 4 Things
Start investing early. The earlier you start, the more your investments benefit from compounding (see section on compounding for full details). Starting early increases your chances of getting wealthy.
Learn to manage your spending. No matter how much you earn, you need to be capable of spending less, in order to become wealthy. Building healthy spending habits increases your chances of getting wealthy.
For most people, a diversified approach is best. Essentially, this means don’t put all your eggs in one basket. When you don’t diversify, you run the risk that one bad investment can severely impact your net worth. Luckily, diversification is really easy to do with modern services (see section on Tools and Services). Diversification increases your chances of getting wealthy, with less risk.
But first, invest in yourself. If you’re struggling to save/invest enough money because your salary isn’t high enough, focus on that first. Invest in education, qualifications, learning, re-training, getting a promotion, negotiation a higher salary etc. A higher salary increases your chances of getting wealthy.
How to Get Wealthy (in one picture)
How to Get Wealthy (in one picture)
Again, to read the full thing, see Personal Finance & Investing 101 on my personal site.
Other Thoughts
Programming friends - if I said programming (and the role of a programmer) can be summarised by these skills, would you say there are any obvious holes?
Last essay, I spoke about Sprints vs Walks. V interesting to hear this from @naval (on @joerogan show):

"As an intellectual athlete, you want to function like an athlete, which means you train hard, then you sprint, then you rest, then you re-assess - you get your feedback loop"
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