Posts Tagged ‘average’

“You are not just the average of the 5 people around you.  You are the average of the:  1) 5 habits you do, 2) 5 foods you eat, 3) 5 ideas you have, and 4) content you consume.” -James Altucher

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Escape Average

Posted: January 20, 2017 in Thought for the Day
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“But if you’re going to try to escape from the average, you can’t do what everyone else is doing.” -Chris Mayer

“Many Americans – average folks working to build a comfortable life – assume the ‘rich’ have a secret.  It seems they know something about ‘how the world works’ that the rest of us don’t….  It turns out, the wealthy do harbor a secret – three of them, in fact….  And these secrets not only build wealth, they allow you to use it to live the life that you want to live….

You don’t need to be rich, though.  You don’t need to pursue money at all costs.  But having financial stability gives you freedom.  Reducing stress improves your health.  And understanding how to manage your income makes for better relationships with your family and loved ones.

Tenet No. 1: Save Religiously.  Tenet No. 2: Invest for the Long Term.  Tenet No. 3: Obsess About Risk

Only by following all three of these tenets can you successfully set yourself free from living paycheck to paycheck.  If you were to find folks with enough cash to live how they’d want to live, you’d find almost all of them followed these tenets.” -David Eifrig

“Remember…the average rich person has seven sources of income.  While the average poor person has one source of income.  The only way to avoid being crushed financially is to diversify your income sources so no one person can destroy you.” -James Altucher

Average Debt

Posted: October 21, 2016 in Debt
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“The average American has more than $203,163 in total debt and less than $1,000 in savings…” -Mark Ford

“Since 1994, Dalbar‘s Quantitative Analysis of Investor Behavior (QAIB) has been measuring the effects of investor decisions to buy, sell and switch into and out of mutual funds over both short and long-term time frames.  The results consistently show that the average investor earns less – in many cases, much less – than mutual fund performance reports would suggest.” -Dalbar.com

Escape Average

Posted: October 2, 2016 in Thought for the Day
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“But if you’re going to try to escape from the average, you can’t do what everyone else is doing.” -Chris Mayer