My own principles and quotes

 1. You don't have to be a maths guru, you just need to master simple maths. Knowing compound interest is very important!

2. Investing in productive assets that produce income over time is better than taking speculative gambles.

3. In your teens, it is important to save money. In your 20's, you should learn and test out to invest a proportion of your money. In your 30's, you should have a rough idea what you wanna do in your life by then your investments should afford you to pursue those dreams. In your 40's if you no longer interested in working, you could consider retiring comfortably subject to your lifestyle habits.

4. Unfortunately in this world, there are more spenders out there than savers.

5. When I talk about saving, don't put all your eggs in that basket. In order to progress, conservative investing is also required.

6. I've never heard about anyone getting rich from just saving money.

7. Know the difference between a "want" and a "need". Try and reduce the amount of "wants" that are really not necessary in your life. You will be surprised, how much money you've saved.

8. Earning a high salary isn't rich, you will just get taxed more.

9. There is a difference between income and assets. It is very important for you to know the difference.

10. Person A who earns a higher salary (say $200,000 p.a.) than Person B (say $80,000 p.a.), can still be poorer than Person B. There are many reasons why, and lifestyle spending is one of them.

11. If your entire investment focus was to buy a property solely based on tax deductions on expenses (eg. in Australia negative-gearing), then you have a very poor investment strategy. Because you never intended to reduce the debt level and refinancing is only other strategy too.

12. The fear of investing, will demonstrate how far you will get in life.

13. The appetite to trade into speculative investment schemes demonstrates the type of character you are.

14. The easiest way to compare investment income yield's is to base it on your own cost of capital. Note: there are other things to take into consideration too.

15. Fiat money has no intrinsic value, and if digital tokens are money, they too have no intrinsic value.

16. Trading goods and services are the real money of value.

17. When people say working in a job is risk-free is totally nonsense. You are risking time and effort in exchange for money. No matter how hard you work, you may not get ahead and you can still be let go even if its not your fault eg. corporate restructure or cost cutting. The opportunity cost is you could be somewhere else.

18. Warren Buffett always says: "price is what you pay, value is what you get". It sounds so simple, but yet it took me a while to fully understand it. Yet I bet you a lot of people in this world, still don't understand it on a deeper level.

19. Don't listen to hot tips or the media, do your own research and stick to what you know.

20. Debt isn't necessarily a bag thing, you just need to know how to use it wisely. But debt won't solve all your problems.