If you currently or wish to embrace the idea of doing the polar opposite of everyone else, you will be ridiculed, ostracized and even in some cases made an outcast of the social norms. Dealing with this can be the biggest challenge of anyone seeking extraordinary results in life. In this episode we will talk about the psychology of being a contrarian and how to maintain and thrive in an alternative world.
Remember 2008? Banksters created an illusion that housing prices could keep going up and up because they artificially fueled demand by creating a new customer base of people who got mortgages that previously would never have qualified.
Although many would attest to a debate over active vs passive income, we believe there is no debate - Passive always wins. Let's explain why.
In previous articles, I have stated that the concept of FI (Financial Independence) is flawed. Although the pursuit of it is admirable, the fact is that few FI followers have been able to do this through bear markets. Consequently putting yourself on that path has some dangers. I prefer to concept of "financial sustainability" and this article gives you tangible steps to take to achieve that.