5 Ideas of the Week – Release 1

5 ideas of the week (1)

“You don’t get to pick your family, but you can pick your teachers and you can pick your friends and you can pick the music you listen to and you can pick the books you read and you can pick the movies you see. You are, in fact, a mashup of what you choose to let into your life. You are the sum of your influences. The German writer Goethe said, “We are shaped and fashioned by what we love.” 

– Austin Kleon

1. Get the Big Things Right

“The goal is to set up your life so that it naturally mints money for you. In reality, making 4 big changes can take anyone from paycheck-to-paycheck to a savings machine, with little effort required.”

This article underlines 4 important changes everyone of us can make to save more every month. It is right on time for new years resolutions.

2. Rebuilding Your Financial Life After Bankruptcy

“Bankruptcy doesn’t have to define you, and this episode is an excellent example for anyone starting over.”

Here is an excellent story of a family going through the last financial crisis by losing everything and step by step earning it back afterwards.

Stay humble and always with open eyes for opportunities no matter what.

3. How to Become a Data Scientist

“A data scientist is a mix between a statistician and a computer scientist. In a nutshell, we use data to help a company achieve some business goal. To know what to do with data, we rely on statistics. To know how to do stuff with data, we rely on computer programming.”

I am working on learning the science behind a data scientist and thought to share with you a very good guide of how to start on the journey.

I do not plan to become a data scientist necessarily but I do believe it’s an important skill to work with numbers in combination with computer science. Whatever kind of investor you want to name yourself data science will help you understand numbers beyond the digits.

4. The Benefits of Quitting Things

“We are so busy tracking our projects, twitting our books, how many miles we run, cities we’ve been to, that we forget to focus on the quality of the things we are really doing.”

“Being uncertain is the only certainty that I have in my arsenal. I feel like for all of us being uncertain kind of makes our superpowers come out of hiding.”

A 30 minutes video that speaks towards the people that start a lot of projects but have “a problem” to sticks to them. Useful to understand the power of quitting.

5. How To Save Thousands of Dollars by Asking One Simple Question

“Asking a question might sound easy, but it means we need to overcome ourselves and our fear of rejection. It takes practice and confidence. If you have the desire to save money, it might motivate you to ask the question even more. And it should. “

I recently experience the benefits of the idea underlined in this article. I was negotiating a real estate deal from 45,000 EUR to 42,500 EUR. But I’ve wanted to more. My desire was to get the deal at 40,000 EUR. So, I’ve called the seller and told him “I am reconsidering the purchase of the home. The maximum I can offer for your house is 40,000 EUR otherwise I can’t buy it.” He did not sound that happy over the phone but he called the next day and we made the deal at my desired price.

Yes, most of the time is uncomfortable to ask that last question, but it’s worth doing it.

Found something interesting this week? Write or leave the link in a comment below.

Leave a Reply

Your email address will not be published. Required fields are marked *