Life Lessons at 47

Inspired by Kevin Kelly’s 103 bits of advice I wish I had known, I compiled my own list. Mostly from my list of quotes and books. Things I strongly believe in and (try to) apply to my life.

Today is my birthday. I turn 47. I’ve learned a few things so far that might be helpful to others and important to remind to myself

Will keep adding things at www.carlescarrera.com/life-lessons

In no particular order:

• Avoid debt even if having some debt seems financially advantageous
• Financial independence always requires you to stop moving the goalpost. Otherwise you’ll always need more. Learn to have enough.
• Spend less than you make, invest the rest. You’re set for life.
• Investing in the stock market is an advantageous asymmetric bet. Losses are limited to 100%. Earnings are unlimited.
• The number one skill in investing is patience. Extreme patience.
• Compounding is like magic. To enjoy it you should have patience and never stopping it unnecessarily. Stay invested for the long term
• Give without expecting anything in return. You’ll get it back in the future, but anyway don’t give expecting anything.
• Be kind. Always say thank you. A great man shows his greatness by the way…