The First Rule Of Making Money
To start with I don't want warriors to be misled by the apparent stupid simplicity of this rule. For me I learned of it to late and truthfully had I been told this wonderfully simplistic rule at the time I was in a position of wealth it wouldn't have resonated with me. Sadly I can only truly appreciate its worth after these many years and losses:
The first rule of making money is don't loose any.
Like I said, "stupidly simple", right? But the fact of the matter is if you have investment cash or money in savings or otherwise some discretionary money you have laid away: "don't lose it". And to those who have been fortunate enough to be given or granted fair sums of money: "don't lose it". I know this sounds like an odd take on life and finances but you don't know how simply effective it is to make money by not losing it in the first place. Honestly.
The first rule of making money is don't loose any.
Like I said, "stupidly simple", right? But the fact of the matter is if you have investment cash or money in savings or otherwise some discretionary money you have laid away: "don't lose it". And to those who have been fortunate enough to be given or granted fair sums of money: "don't lose it". I know this sounds like an odd take on life and finances but you don't know how simply effective it is to make money by not losing it in the first place. Honestly.
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Sam Edge, Registered Planner
The Edge on Strategy
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