SIGN UP FOR THE 33-DAY INVESTOR PROGRAM: https://r.oprimorico.com.br/c9b0ac954d SUBSCRIBE TO FINCLASS WITH A 30% DISCOUNT: https://finc.ly/27c2641ca2 TALK TO GRÃO'S PRIVATE PENSION EXPERTS: https://r.oprimorico.com.br/b3414560a0 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 does not mean that you should invest everything in fixed income, but it does mean that you should manage your risks. - There are people who enter pyramid schemes betting everything so they can 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 loss will be huge, and the work to recover much greater. 3) Greed, fear and impatience generate losses: There is a very good case 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, did not have anything 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 March 1, 2011. On that day, the company's shares closed at R$29.00. One month later, on April 20, 2011, the shares were already at R$47.20, an incredible increase of 62.76%. The company was nothing special, but it was already attracting attention. Then, on July 19, 2011, 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 began to have up to 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) You were taught the wrong formula for saving money: Income – Investment = Expenses 5) Money is not the root of all evil: Knowing how to use 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 gives 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 your investments: - Maintaining discipline and continuing to invest gives you a much better return - Investing R$1,000 initially, and R$100 monthly, for 36 months at a rate of 10% per year, your investments will represent about 65% of your 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 hit, etc. - The game is not about predicting when the uncertain will arrive, but about preparing for when it does. Those who spend their lives 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 on all the coffees in your life. 12) Buy assets: - People buy liabilities thinking they are assets. They don't try to make their money work for them – they just want to save until they can get a down payment on something. - Money doesn't work when all you do with it is acquire liabilities.