Simplified personal finance can make the rest of your life easier.
Finances are not the only aspect of our lives but it is a major one.
Know when to ask for help.
Meb Faber drew a lot of attention when he posted this report that included an “Investment Pyramid” along the lines of a food pyramid. Douglas Boneparth modified the pyramid and shared it on Twitter as follows;
I like this modified version slightly more but it doesn’t really matter, the bigger point is about distilling various aspects of life into very simple and digestible concepts. When things can be simplified, the chances for success increase dramatically. I’m fond of citing Nassim Taleb as saying we learned everything we need to about finance from our grandmothers; live below your means and don’t go into debt. Arguably, there is a little more to it but those are great rules of thumb to start with. The pyramids fill in some of…