In Book 3 of The Analects, Confucius focuses on the “how” of life. He talked a lot about rituals and music. If that sounds like boring stuff for an old-fashioned person, hang on. For him, it was about finding your balance in a messy world.
Goals are like your personal GPS. They guide your every move, even when you are on autopilot.
When I started, I just wanted one property every year for five years. But I did five in my first month. So I had to think bigger. And that is why it is so important to write your goals down.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
This is where the book gets really good. Chapter 5 is about index funds. And if you know anything about John Bogle, you know this is his baby. He literally created the first one.
In Book 2 of The Analects, Confucius moves from talking about the individual to talking about how to lead. He believed that the best way to lead is by setting a good example.
The brain is a powerful thing. Once you put yours to work the right way, big things happen.
But mindset isn’t magic. Some people think if you just have positive thoughts, money will fall from the sky. It doesn’t work that way. You still have to do the work. I like to think of mindset as a mental tool. It helps you stay disciplined when things get boring or hard.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
Chapter 4 is where Bogle drops what might be the most counterintuitive truth in all of investing: more information does not lead to better results.
We are starting with Book 1 of The Analects. This section is all about the basics. It is like the “getting started” guide for being a decent human being. Confucius jumps right in with a classic quote about learning.
I’ve been reading a lot lately, but one book really stood out. It’s called Real Estate Deal Maker by Henry Washington. If you’re into real estate or just looking for a way to build some actual wealth, this is the stuff you need to know.
Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4
How you split your money between stocks and bonds might be the most important investing decision you ever make. More important than which stocks you pick. More important than which fund manager you choose. More important than timing the market.
Here is the thing about old books. We usually think they are dusty and boring. But The Analects is actually a collection of vibes and conversations from a guy named Confucius. He lived about 2,500 years ago in China. He was a teacher who had a lot of thoughts on how to be a good person and how to live in a world that felt messy.