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    Summary of Rubén Villahermosa's Trading and Investing for Beginners
    Summary of Rubén Villahermosa's Trading and Investing for Beginners
    Summary of Rubén Villahermosa's Trading and Investing for Beginners
    Ebook57 pages52 minutes

    Summary of Rubén Villahermosa's Trading and Investing for Beginners

    By IRB Media

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    Please note: This is a companion version & not the original book.

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    #1 The first part of the book deals with basic financial literacy, such as how to manage money, money's value, and how to treat money.

    #2 Everything in your brain determines the tools you have available to you. You must acquire financial intelligence if you want to recognize good deals and turn bad deals into good ones. Your net equity is the most reliable indicator of your financial health.

    #3 -> Everything in your brain determines the tools you have available to you. You must acquire financial intelligence if you want to recognize good deals and turn bad deals into good ones. Your net equity is the most reliable indicator of your financial health.

    #4 The most profitable and least risky investment out there is to simply pay off all your high-interest debt. It is the most intelligent financial movement.

    LanguageEnglish
    PublisherIRB Media
    Release dateOct 7, 2022
    ISBN9798350039221
    Summary of Rubén Villahermosa's Trading and Investing for Beginners
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of Rubén Villahermosa's Trading and Investing for Beginners - IRB Media

      Insights on Rubén Villahermosa's Trading and Investing for Beginners

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 5

      Insights from Chapter 6

      Insights from Chapter 7

      Insights from Chapter 8

      Insights from Chapter 9

      Insights from Chapter 1

      #1

      The first part of the book is dedicated to the basics of financial literacy. It covers the most fundamental concepts of financial literacy, such as how to manage money, and how to respect and recognize money for what it is: a means to achieve your basic goals.

      #2

      Everything that resides in your brain determines the tools you have available to you. If you are not satisfied with your economic situation, it is because your mind is lacking in training, skills, and knowledge. You must invest in education and learning about finance.

      #3

      Credit is the concept of borrowing to consume something now and paying for it later. It is not necessarily bad if used properly, for example, to purchase an asset that becomes good debt.

      #4

      Good debt is beneficial because it offers a return that covers the interest and if you've managed to get a good deal, provides you with a surplus. Bad debt, on the other hand, will impact your financial situation through an outflow of money.

      #5

      All taxes are cash payments that citizens are required by law to pay to governments without receiving any specific nominal compensation to pay for the welfare state.

      #6

      Active income is generated through a direct effort in the execution of a task. It is limited in nature and can only be earned if you are working. Passive income is generated through an effortless effort and is unlimited in nature. It requires no exclusive dedication and can be earned without having to exchange your time for money.

      #7

      Passion is what drives you to achieve your goals. Once you have identified your passion, you must become an expert in it. Then, start monetizing your expertise by selling your product or service. The more people you help, the more money you will receive.

      #8

      Expenses are any purchase of products or services that cannot be treated as an investment. They are money outflows that cannot be recovered. Good expenses are used to purchase assets that will provide a future return, while bad expenses are used to purchase goods and services that do not provide any return.

      #9

      To save, you must develop a habit of saving. The two ways to save are to reduce expenses or increase income. You should always bear in mind the premise of not wasting money.

      #10

      There are two ways to increase your income: asking for a raise and working on small projects as a freelancer. The emergency fund should solely and exclusively be used

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