Almost mid-August!

Highlights of my week include watching ‘Christopher Robin’ last week and it was National Day here in Singapore so there was a public holiday in the middle of the week. Sadly, there was no new issue of Shonen Jump due to it being Obon in Japan.

How was your week?

books on bookshelves

Reads of the week

How this 28-year-old built up $250,000 in savings and plans to retire by 37 (CNBC)

You may disagree with the specifics (like using the 4% rule) but you can’t deny that this guy’s getting the big picture right. I shared this article with my younger brother who’s only 19. Only time will tell if my younger brother will turn out like this guy.

 

Why Do Some Brilliant Students Suck At Making Money? (LIFT: Limpeh Is Foreign Talent)

Alex, a former Singaporean turned British Citizen, is someone I follow. He goes through a lot of examples in his post but I think the observation is best summed up with Warren Buffett’s quote on investing.

Investing is not a game where the guy with the 160 IQ beats the guy with a 130 IQ. Rationality is essential.” – Warren Buffett

The downside to being brilliant is that it doesn’t prepare you for things when life doesn’t go your way. After all, life isn’t something where doing A always gets you B. Sometimes, doing the right thing can still get you bad results because of chance.

The quality that is more essential for making money is grit. Grit enables you to stick with the training or the plan even when things don’t go your way. Grit also enables you to find the strength to get back up and do an honest self-assessment on where the plan went wrong so that you know what to do when similar situations arise.

This is the sad part about what many parents believe about education — education will get you somewhere. Sorry to burst their bubble but that’s where they’re totally WRONG. In this day and age, education is so prevalent that almost everyone in the working class is a university graduate. Education is no more a differentiating factor and the sooner we realise that, the better.

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