TAKE ADVANTAGE OF FINCLASS' BLACK FRIDAY WITH A 50% DISCOUNT: https://finc.ly/1785351670 DOWNLOAD THE GRÃO APP: https://link.grao.com.br/JfHF 1) Money is a means: Get rid of the idea that your end, your objective, has to be money. Money is a means to an end (for example, freedom) 2) Don't lose money: Quote by Warren Buffett; People interpret the phrase wrong: it's not that you should never make mistakes, it's that you should lose as little as possible; If you have R$100 and lose R$50, you have lost 50% of your equity. To reach R$100 again, you need to earn R$50, which means earning 100% of the value of your equity. This doesn't mean that you should invest everything in fixed income, but it does mean that you should manage your risks. There are people who join pyramid schemes betting everything in order to get out before the pyramid collapses, or people who invest in very dubious stocks out of greed for quick money... It may work out, but if and when it goes wrong, the losses will be huge, and the work to recover much greater. 3) Greed, fear and impatience generate losses: There is a very good example to talk about this rule: the shares of the company Mundial. In 2011, Mundial was a company known for manufacturing pliers and scissors. The company, apparently, had nothing very strong that characterized it as a great opportunity in the market. Even so, it was the scene of one of the most bizarre cases on the stock exchange: On 03/01/2011. On that day, the company's shares closed at R$29.00. 1 month later, on 04/20/2011, the shares were already at R$47.20, an increase of incredible 62.76%. The company was nothing special, but here it was already attracting attention. Until July 19, 2011, when Mundial's shares were quoted at an absurd price of R$841.20. An increase of – surprise! – 2800.69%. To give you an idea, MNDL3 was a stock that before the boom had a maximum of 10 trades per day, and after the boom it started to reach 5,000 trades in a single day, surpassing companies like Petrobrás and Vale. Later, it was revealed that this increase in Mundial's prices had a reason: fraud. The company's president and nine other investment agents manipulated the stock price on the stock exchange. 4) They taught you the wrong formula for saving money: Income – Investment = Expenses 5) Money is not the root of all evil: Knowing how to allocate this power for good (and to make money with your own money, making it your servant) is the correct way to deal with money. 6) Don't use money without having it; 7) Sowing Rule: To reap anything, you first need to plant. With money, this logic remains the same. To get money, you first need to plant what yields money. Catchphrase: Everyone, without exception, reaps what they sow. And those who sow absolutely nothing, reap absolutely nothing. 8) Start now: Your “self” in 10 years will regret that you didn't start today. A lot. 9) Focus on contributions: Maintaining discipline and continuing to contribute gives a much greater return. Investing R$1000 initially, and R$100 monthly, for 36 months at a rate of 10% per year, the contributions will represent about 65% of the final result. 10) Making money is not about looking into a crystal ball: The future is uncertain. There is no point in trying to predict the future, trying to guess when the next crisis will arrive, etc. The game is not to predict when the uncertain will arrive, but to be prepared for when it does. Those who live looking into a crystal ball are doomed to eat broken glass. 11) Saving on coffee won't make you rich: Saving on stupid spending is stupid. You won't get rich by saving all the coffees in your life. 12) Buy assets: People buy liabilities thinking they are assets. They don't try to make money work for them - they just want to save until they have a down payment on something. Money doesn't work when all you do with it is acquire liabilities.