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Diabetic test strips, lancets, and a glucose meter.

In the United States, diabetes has become increasingly prevalent in recent years. In 1980, 5.8 million American adults were diagnosed with diabetes, compared with 34.2 million today, and an additional 88 million Americans—approximately 1 in 3—who have prediabetes. These ones are well on their way.

What changed over the last 50 years? Well our diet for one thing. Almost everything is processed in food factories now. But it hasn’t always been this way.

For thousands of years men have survived (without widespread diabetes) eating a very different kind of diet. If you look at Asian cultures, like Okinawa for example, elderly people there have been known to live well into their 90s and still maintain relatively good health and mobility. The food that this older generation ate is nothing like what people are eating today.

Most of those Okinawan people were eating lots of family farmed, locally grown vegetables with a starch (like rice, yams or sweet potatoes) with every meal. Sure, they may occasionally add a small amount of meat like fish, but it’s definitely NOT something that they would eat 3 times a day. They also would not add processed oils to every meal.

Our diet today

Hamburgers, french fries, potato wedges, chicken nuggets, and sauce packets, all fast food.

Today we are eating refined grains (i.e. white bread), fried foods and some kind of animal-based protein with every single meal because we have been wrongly convinced to believe that we need all this extra protein. We might go and eat in fast food restaurants several times a week, which adds to our already excessive intake of sugar, fat and salt.

To combat this, many dieticians and medical professionals will advise you to adopt a “low carb” diet and avoid starches/sugars.

Even Google recommends a so-called “diabetic diet” to manage diabetes, as shown below.

This seems like good advice on the surface, since the more sugars you take in, the more sugars you will have in your body. But it’s not simply a matter of just avoiding all sugars and carbs.

The Okinawan people did not have access to factory-made refined sugar (soda pop), or refined grains (white bread), but they were eating natural sugars/carbohydrates (like rice, potatoes and fruit) for thousands of years—without widespread diabetes—so how can those be bad? There must be something wrong with how our food is made today.

Not so natural flavors

1. What makes cookies/cakes and other desserts taste so good? Quite naturally, it’s the refined sugar. If you were to take the sugar out from these foods, you would have just a small pile of fine white powder (granulated sugar).

In this case, pure refined sugar is the issue. That’s what makes these foods unhealthy.

White refined sugar is void of any nutrients, just pure carbohydrates.

By contrast:

  • The sugar cane plant is loaded with fiber and nutrients: potassium, calcium, magnesium, iron, zinc, thiamin, riboflavin and several amino acids.

  • But if you simply extract the sugar from that plant and process it, it contains no nutrients at all: calories: 15.4, carbohydrates: 4g

Since sugar is a source of carbohydrates, people assume that means the fewer carbs you eat, the better. This is not exactly correct, potatoes are healthy, yet they are a high carb vegetable. The issue here is when you “process” the food and strip away the fiber and nutrients like we have done with refined sugar and refined grains. These inferior man-made food products are what is killing us.

2. What makes fried chicken or potato chips taste so good? It’s the added fat. And if you were to extract all the fat out of these foods, what you would have is a small bottle of oil.

Oil is the most calorically dense type of fat.

Most people never think about this. They usually don’t associate oil as being fat, but it is. And almost every single kind of packaged/processed food that you can buy in stores is made by adding one or more kinds of oil. Just look at the ingredients. People are buying conola oil, coconut oil, and extra virgin olive oil — and somehow adding these to every single meal, thinking that this is healthy but it’s not. Why not?

In the Standard American Diet (SAD) we consume high amounts of fat and a huge amount of sugars/carbs on a daily basis. So what happens here? Your body is designed to first burn carbohydrates for energy, and the fat (to burn it later) if all the carbohydrates are used up. In the SAD diet, the body never gets a chance to burn any of the fat, because with each new meal, the body is flooded with more fat and more sugar.

When fat enters your bloodstream, it doesn’t magically turn into something else, it stays fat. Because your body never is given a chance (or the need) to burn this fat. Your body doesn’t simply throw the fat away, it stores the fat as a source of energy that it can be used later if needed (and this is called oxidative priority). And this is why most people eating processed food have a hard time losing weight because they don’t know that oil, is processed fat.

What’s in a typical western diet?

  • Breakfast: Bacon/eggs and pancakes with orange juice (sugar and fat)
  • Lunch: Cheeseburger/fries with ketchup and a soda pop (sugar and fat)
  • Dinner: Fried chicken/steak with potatoes and dessert (sugar and fat)

People are eating that processed sugar/fat combination all day long, three times a day, 365 days a year.

Even if you just eat a nice fresh salad with a oily salad dressing, its like pouring liquid fat on top of an otherwise healthy salad.

All of this processed fat being added to each and every meal leads to thickening of your blood/hardening of the arteries (called atherosclerosis), which lead to an array of other degenerative diseases which will show up over the long term, like cardiovascular disease, heart disease, stroke, etc. but typically all of these conditions will start with diabetes first.

Again, these diseases don’t just happen overnight, they take a long time to develop, and after eating the SAD diet for 20, 30, or 40 years people are often shocked to hear the doctor tell them some bad news all of a sudden. And then they wonder how this could have happened. After all, they tried to exercise, and they believed that they were eating what they knew to be a healthy diet. They just didn’t know.

So after you are diagnosed as a diabetic, this is when a doctor will tell you that you should take some medication (typically Metformin) to lower your blood glucose numbers. There is no reason to panic. Take the medication. It’s intended to help you. But of course, your aim should be to try to reverse diabetes if possible, not just live with it. But for now, lets talk more about what diabetes actually is.

Diabetes dissected

Type 1 Diabetes Mellitus (T1DM) is an autoimmune disease where the body attacks the insulin-producing cells in the pancreas and kills them. Unfortunately T1DM cannot be reversed, it’s permanent. I have only heard of one man who was able to reverse his T1DM thanks to a medical breakthrough with the help of lab-grown stem cells. However, this is not yet widely available.

T1DM accounts for only 5 to 10 percent of cases of diabetes worldwide. The majority of people with diabetes have type 2.

Type 2 Diabetes Mellitus (T2DM) is a disease that is caused by something called insulin resistance. What is insulin resistance? This is when your body is not able to transfer glucose (sugar) into your cells with the help of insulin. The organs and muscle tissues put up a “resistance” (an impaired response) to the insulin, and won’t allow it to pull the sugars into them, from the bloodstream. So the level of sugars in your bloodstream remains high all the time.

What causes insulin resistance?

Your liver will create glucose (blood sugar), and your pancreas will secrete insulin as a transport mechanism for that glucose. Insulin has the job of taking that sugar and putting it into tissues (muscle, organ, etc.) so it can be used as energy. The problem is, the tissues say “no thank you, we don’t need it” to insulin. So the sugars just keep circulating in the blood.

But what makes the tissues say no? It is believed that insulin resistance is caused by the storage of unhealthy fat in tissues that are NOT designed to store fat.

So insulin resistance is mainly a dysfunction of your muscle and liver tissues. In essence, the injection of the insulin is blocked (by inflammation) so it cannot enter the tissues where it is needed.

Inflammation of the body is obvious when you see someone who’s overweight, but it actually starts much earlier than that, when your internal organs become inflamed from fat. Yes, a person can have a fatty liver and/or cardiovascular disease before (or even without) showing any outward signs of being unhealthy. They might even feel totally fine, without knowing what’s going on inside.

In fact, the moment your metabolic system begins to slow down, that’s the very first instance when your body begins to break. This we will discuss more about this in part ii of this series.

So what kind of foods should be avoided to prevent this from happening?

All processed/refined sugars, refined grains (white breads) and vegetable oils (unhealthy fat) should definitely be avoided. And also it’s wise to severely limit your intake of red meats, alcohol and dairy products.

What this means:

  • No refined sugar (soda pop, candies and artificial sweeteners)
  • No refined grains (white bread, donuts, cakes)
  • No diary (milk, cheese, butter)
  • No oils (conola, coconut, olive, etc.)
  • No red meat (pig or cow)

Natural carbohydrates (like rice, yams and potatoes) are not necessarily bad in and of themselves, but processed foods in general are not healthy. In other words, your food will be far healthier if you cook it yourself at home, as opposed to eating a lot of pre-cooked, pre-packaged foods.

For everything you buy, you should always read the ingredients. Watch out for chemicals in the ingredients as well. The fewer the ingredients, the better. You want to eat whole/natural, plant based foods in abundance, eat dark green leafy vegetables, and avoid processed/packaged foods as much as possible.

Most of the food you eat should look the same way it does in nature. Naturally, everyone will want to eat an occasional cookie or pie. No harm there, but it should be very seldom, not a daily or weekly thing.

Of course you cannot totally avoid all fat, and neither should you (nuts and some vegetables like avocados and olives contain healthy fats), and these are essential, but you should avoid all processed oils that come in bottles as much as you possibly can.

That’s too extreme!

Most of you might look at this and think it’s quite an extreme take. But honestly, I consider the alternatives to be extreme: taking medications for your entire life to manage preventable diseases, or getting your rib cage sawed open so doctors can suck the plaque out of your arteries or do bypass surgeries! What about losing your eyesight, your toes or having diabetic neuropathy in your legs? Those alternatives sound VERY extreme to me.

Additionally, there is now a new study that reveals that you could even trigger T1DM in children if you feed cow’s milk to a baby before the age of 1 year old—and remember this disease cannot be reversed.

If you become diagnosed as T2DM, most doctors will simply give you a medical textbook treatment. This means simply managing the disease, without any focus on the real cause or educating you on what disease reversal even looks like.

Someone putting blood from their finger on a diabetic test strip.

You will be given a prescription medication (probably Metformin[a]) which temporarily lowers glucose production in the liver, and it also lowers blood sugar by increasing the body’s sensitivity to insulin, but this is not a cure. It only serves to stabilize your glucose level on a day-to-day basis when your blood sugars are too high. The doctor will also give you a glucose meter, so you can test your sugar level yourself by taking a tiny blood sample.

This is all fine and good if all you want to do is manage the disease. But what if you could prevent or even totally reverse diabetes, wouldn’t you do what it takes?

A new kind of treatment

The standard western diet of daily eating refined sugars, refined grains, unhealthy fat from oils, meat and dairy products is literally killing people. But what can a diabetic person do to be healthier?

The very first thing you need to do is be more active! Yes, exercise. We’ve all heard this before. But why is it so important? Because muscle tissues are very demanding of sugars in order to function, and the more muscle you have in your body, the less sugar will be floating around in your bloodstream. Muscles soak it up, and strengthening your muscles will help to lower glucose. So try to build muscles in your arms (lifting and pulling heavy things) and in your legs (walking more will help). Weight loss is also usually helpful for diabetics. If you often sit down while working, try standing up instead. This burns more calories. If you want to talk on the phone, or play a mobile game, go outside and walk around while you do these things. It isn’t that hard to be more active. Just remember the goal is to build muscle, so this means you should look for ways to do some form of regular resistance exercising.

Secondly, Hippocrates said it best when he said “let food be thy medicine.” Instead of continuing to constantly eat all kinds of process food products (i.e. man-made garbage) choose to eat mostly whole natural foods, foods that grow in trees and in the ground. Most of your foods should be biochemically alive. It should contain seeds that can still grow a new tree if planted.

Leafy green salads with cucumbers, rice, and other grains.

Unhealthy food on the other hand are sterile, and dead. And it can last for months without expiring, because it contains almost zero nutritional value.

A diet full of fresh fruits/vegetables, legumes, lentils, nuts, healthy grains and oats are what you should eat often. All packed with nutrients, right from the earth. Stop clogging your arteries with needless excesses of processed vegetable oil, red meat and dairy (which contains unhealthy fat) and the endless array of toxins, coloring and chemicals that get added to pre-packaged foods like pastas and breakfast cereals. Gradually replace all of these with good, better options.

Stories like this one here should be shown on television, in movie theaters and at colleges and universities. Because type 2 diabetes can be beaten if one is proactive about their health and knows what to do. The closer you are to diagnosis the easier it is to achieve success, but even being a diabetic up to 10 years and its still possible. It’s less common beyond that, but with hard work and meticulous effort it may still be possible.

By making more informed choices about what you put in your body, you food can become your medicine as Hippocrates so elegantly stated. That is why I decided to change my diet so that I only eat a whole foods plant-based diet. You can learn more about this diet here. You can do it too.

Let food be thy medicine, and let medicine be thy food.

Hippocrates, Ancient Greek physician

TL;DR Summary

  • Processed foods contains a lot of sugars, salt and unhealthy fat. This would include artificial sweeteners refined grains (white bread) and vegetable oils (which are liquid fat).
  • When we eat both sugar and fat at the same time, our bodies will burn the sugar and store the fat.
  • This buildup of unhealthy fat in our cells is what we believe leads to insulin resistance, which is the cause of type 2 diabetes, and diabetes is the leading cause of numerous other health problems that will show up.
  • The solution? Be more active! Exercise often and eliminate as much processed food as possible, including oils, refined sugars/refined grains and stick closely to a whole foods plant based diet.

Additional Resources


Disclaimer: the information provided on this web site is for educational purposes only, and does not substitute for professional medical advice. The author of this blog is not a licensed dietitian or medical professional. Please consult with a licensed medical professional or healthcare provider if you are seeking medical advice, diagnoses, or treatment. We are not responsible for any decisions that you choose to make.


Footnotes

[a] Metformin is the most widely used drug to manage T2DM. Metformin puts little if any strain on the organs, it doesn’t cause weight gain, and comes with the added benefit of being the most affordable diabetes medication on the market. It’s been prescribed to more than 120 million people worldwide.

Today Millennials have easy access to a number of online investing tools and mobile apps that make it easy for them to invest in stocks and/or cryptocurrencies.

So let’s review the M1 Finance investment platform and see how it measures up. A score of 10 being excellent, and 1 being the worst.

What does M1 Finance offer?

  • Automated deposits
  • Both individual stocks and ETF’s
  • Can create multiple portfolio “pies”
  • Can invest in fractional shares
  • Mobile app and website
  • Pie charts, graphs, nice UX
  • Self-managed accounts
  • Borrowing at a low 3% APR
  • Smart re-balancing feature
  • Zero fees to invest

My favorite features

Fractional shares

Most people want to invest in great companies like Google, Microsoft or Amazon. The problem is they don’t have enough cash to afford such expensive stocks.

A single share of Amazon (AMZN) costs over $3,000. Ouch. With M1 that’s no problem, because you can buy fractional shares, so you don’t need to cough up the entire share price, you can buy smaller fractions of a share. And if that share earns a dividend, then you can also receive fractional dividends. How nice is that.

Portfolio pies

The investment portfolio pies on the M1 platform are pretty slick. You can add up to 100 slices (stocks, to each individual pie), you can also add pies inside of pies. For example, if you decide to create 4 pies specific to individual sectors, and then if you want each of those pies to take up 25% of a main pie, you can totally do that.

You can even share your pies with other investors via a sharable link. You can download pies from professional investment firms and literally copy their investment strategies if you want, or you can create a completely custom pie of your own.

Retirement accounts

Many people keep their retirement account in a 401k. This is actually a terrible idea unless your employer is giving you a percentage match on your 401k, because in that case at least you are getting something for free.

It’s generally a bad idea because most brokerages will quietly steal from your 401k though mismanagement of your assets, penalties or by way of fees.

Fees of only 1% can slash the value of your savings [or retirement] by 28% over the next 35 years.

US Dept of Labor

On M1 Finance however, you can transfer your 401k (by converting it to an IRA) and then you never have to pay any more fees on it again. I did this, and I love being able to quickly see the value of my retirement account from my phone at any time, and having the ability to easily self-manage it at any time/anywhere is an additional bonus.

M1 Finance provides an intuitive interface even for retirement accounts.

Are there fees?

Nope! Unlike the Acorns/Stash investing apps, on M1 there are no fees when you buy/sell/deposit or withdraw funds.

The entire platform is free for individual investors. There are no trading commissions, no account maintenance fees, and no charges for deposits and withdrawals.

Quoted from cashcowcouple.com

You might be wondering, “Then how do they make money?” If you desire to know, you can find the answer to that question here. I love the fact that they are very open and transparent.

Missed opportunity

The “transfers” tab is a super nice addition to M1 Finance mobile app. It allows you easy access to deposits/withdrawals, etc. Basically maintain all transfers, in and out of your investment account from one convenient location.

So you can do automated deposits and auto investing which is good, but I think not having the ability to do auto withdrawals on dividends is unfortunately a big missed opportunity. For example, perhaps under the transfers tab, add icons for: reinvest dividends | keep dividends in cash account | auto withdraw dividends to external bank account. If they added this, it would be a godsend.

Overall Rating: 8/10

Overall, I think M1 Finance is awesome. The more I use M1 Finance to invest, the more I enjoy it. Being able to self-invest your own money (without fees) is very liberating.

Perhaps someday they might also include decimal points in the pie slices though, for example if I wanted a pie with 15 items divided evenly you can’t do it without inserting something like 6.66666% in each slice. Currently the pie slices must all be whole numbers that total up to 100, so you cannot use decimals. But this is a very minor setback.

Honestly the interface is more intuitive/better than Robinhood.

I’m loving this app and you guys might want to to try them out. (Minimum is $100 to start and then you can invest whatever amounts you want) This way you can decide if you like them or not.

If you guys decide to sign up, use my promo code so we both get $10 bucks for free. What do you think about M1 Finance? Do you love it or hate it? Leave your thoughts in the comments below!


Disclaimer: This article was written for educational and entertainment purposes only. This is NOT financial advice. Always do your own research and please consult with a licensed attorney before making any serious investment. We are not responsible for any investment decisions that you choose to make.

Imagine for a moment that you could change your life to be whatever you wanted. Would you be rich? Would you live care-free with no worry or stress about money, work, or your family? Do you imagine yourself driving sports cars, eating lavish foods, taking exotic vacations, and freely traveling the world? Or perhaps something else?

These things may sound like wishful thinking, but the reality is that none of us knows for certain where this crazy thing called life can take us.

Some people have actually made their dreams come true. But if you feel that your dreams are not at all possible, then they will always be an unrealistic thing for you. Nothing will change unless you first change your mindset.

For example; in life we all will have struggle, we all will have problems. But the state of your mind will determine how well you will solve the problem, and how you react to it.

Most people have a broke mindset; so they just lay down and act like they are a victim. “I’m broke. I’m poor. I can’t do that. I just cant afford it.” is what they often say. Their disposition is fixed. They make an excuse, and quickly give up.

But people with a growth mindset act as a survivor; so they get up, shake it off, set goals to solve the problem and then make their dreams happen through hard work and determination.

A growth-oriented person never says, “I can’t afford it.” because they figure out how to raise the money they need, or they already have enough money saved & assets invested to do whatever they want. Making things happen is about setting goals, planning and hard work.

So let’s talk more about these two distinct kind of mindsets.

The broke mindset

People with a poor/broke mindset think that there are only winners and losers. So when you try to teach them finances or investing they don’t want to listen because if you are winning they think of themselves as losing!

So you must cautiously instruct them this way: “This is not my way, its just a better way.” Help them to see that we can ALL be winners.

The majority of people with a broke mindset are stuck in a debt cycle which prevents them from enjoying life more so. All that they know (and are willing to do) is continue to pay the minimum balance on their credit cards which keeps them broke and struggling for decades. They never learn to manage money right. And this in turn causes much more anxiety and stress in their life/marriage than there needs to be.

Signs of a broke mindset

  • Wanting something for nothing
  • Blaming others for your situation
  • Wanting to get rich quick/not being patient
  • Complaining about problems instead of fixing them
  • Not willing to work/learn/invest anything
  • Not willing to sacrifice time/money/energy today for a better tomorrow

This kind of person usually also has a “fixed” mindset, meaning they don’t want to learn, to grow, or to even change their situation. They don’t think that they can’t do any better so they just continue to settle for struggling.

Instead of getting up and fixing their problems they just sit around and complain about them. They say:

  • I hate my job | Go find a new job, and don’t give up until you succeed.
  • I can’t afford it | Build a side income/business so you can afford it.
  • I don’t like living here | Get up and move somewhere else better.
  • I don’t have enough money | Stop spending & raise your financial IQ.

All of the above-mentioned solutions on the right would present a situation of unknowns, so most people won’t do it. Most are too comfortable (in their current crappy situation) to put themselves in a perceivable worse outcome if they attempt to do something unknown. But this unknown is what those with a growth mindset would call opportunity.

The growth mindset

Having a growth mindset basically means seeking to better oneself through constant refinement and increased knowledge. You push yourself to reach the goals that make you the best version of yourself in the future.

If you have a growth mindset, there is so much to learn. You are expanding your horizons — by reading books, by exercising and by trying to learn new skills: marketing, coding, investing, automation, blockchain, etc.

There is so much to learn (and do) that could potentially benefit you in the future. But why do it?

Money is not the goal

The goal is not money. The goal is freedom. Those with a growth mindset recognize that real wealth (good health and meaningful relationships) and real assets (like time and your brain) are what enable you to constantly improve yourself (by learning) and then in turn to help others around you to also become successful. You are neither intimidated by successful people or selfish about your own achievements.

None of this has anything to do with money, but as you increase your productivity and knowledge, more money inherently follows.

Having a growth mindset (the belief that you are in control of your own ability, and can learn and improve) is the key to success. Yes, hard work, effort, and persistence are all important, but not as important as having that underlying belief that you are in control of your own destiny.

Quoted from skillsyouneed.com

Having a growth mindset is about improving your entire life.

  • Face your fears
  • Eat healthy food
  • Admit your mistakes
  • Refine your goals
  • Believe in yourself
  • Dig for wisdom
  • Conserve your time
  • Invest your profits
Almost no one has a “good reason” for being poor.

When one has a growth mindset coupled with financial literacy you recognize that there is absolutely NO GOOD REASON for most people to be broke, poor and struggling. None.

Ignorance is never a good excuse. Nor is laziness. Yet, those two things are almost always the culprit for people who are poor. Poor people tend to act like they know it all already. They think they are just a victim of society, and they expect you (or the government) to pity them and provide for them. Even if this has been true to any degree, its not a good excuse to remain poor.

If your mindset is not about growth, you won’t want to learn anything new. You’ll say “That’s too hard.” or “I can’t do it.” Yes, those with a fixed mindset are stuck in the past, they cling to their previous misfortune, come up with lame excuses why they can’t do better and they impose limits on their own opportunities, by sticking to the way things have always been.

What to watch for:

People who you associate with can also have a huge impact upon the kind of mindset you will have. So be watchful of who you hang around with.

A growth mindset individual: reads daily, sets goals, eats healthy and tries to exercise, saves money, compliments others, is continuously learning, avoids all addictions, builds a side income in their spare time. Learn from this person.

A broke mindset individual: watches TV constantly, never sets goals, eats unhealthy food, accumulates debt, criticizes others, think they know it all, has addictions like smoking/alcohol/porn/sugar, and parties every night/weekend. Avoid this person and cut ties.

Additionally, filter everything that comes at you, (on the news, on TV and the internet) because if you don’t, you too will have a broke mindset, and you’ll end up like everybody else.

If you keep doing what the majority of people do, you’re gonna end up like the majority of people.

Jaspreet Singh, Minority Mindset

Why you should care

Never stop learning.

People with a broke mindset end up having a life that is a lot harder and more stressful than it needed to be, just because they limited themselves in their own mind instead of reaching for the enumerable opportunities all around us.

This is why there are people who began life struggling, and then they win the The Lottery, became millionaires but eventually end up right back where they started (broke and bankrupt) because of making bad choices and keeping “friends” who weren’t beneficial to them at all.

These people always had a poor mindset from day one, and never learned to have the growth mindset.

Remember, having a growth mindset means that you never stop learning. The greatest opportunities only come to a small minority of people who dare to think different. Changing your mindset is key.


Disclaimer: This article was written for educational and entertainment purposes only. This is NOT financial advice. Always do your own research and please consult with a licensed attorney before making any serious investment. We are not responsible for any investment decisions that you choose to make.

Anything that causes money to flow out of your pocket is a liability. Even people—your family for example, can be liabilities.

Average cost: $15K/year.

When you have kids, they need: milk, diapers, food, clothes, toys, school supplies, college, etc.

Average cost: $36K to $91K/year

As your parents get older they need: life insurance, healthcare, medications, respite care, etc.

You love your family, yes, but if you are a provider, taking care of your loved ones is not cheap.

Two-legged liabilities are much more expensive than buying a big TV, or a brand-new car. Two-legged liabilities are arguably the #1 way for most people to burn their cash reserves. And the only way to offset all of this financial loss is by having plenty of insurance + investments.

Your family, should be investing. Your kids, should be investing. Yes, Everyone should be investing! Because if they’re not, you’ll soon find yourself rekt.

When a situation is within your control, take action. When a situation is outside your control, make preparations.

James Clear

Make preparations

Lets face it—there are things coming which you cannot control.

  • Your health, will deteriorate.
  • Your parents, will die.
  • Your kids, will grow up.

This is not me just being negative or making pessimistic comments. This is reality. Now you can either bury your head in the sand and act like this won’t happen, or you can prepare for these inevitable outcomes.

Don’t find yourself in a situation where you say, “I wish I had bought more insurance/investments.” Get that stuff ready.

Teach your family members to buy and hold assets, so they can be self-sufficient. Make sure mom and dad have sufficient life insurance, and (if they let you) health insurance too. Always have auto insurance, and renters insurance too if you need it.

Being single is not a curse

If you have no boyfriend/no girlfriend, no spouse and no kids, then you have NO REASON to not have money. You are 100% in control of your money, minus taxes. That gives you no legitimate excuses for having debt.

Now I’m not saying don’t have kids, or don’t date/marry. What I’m saying is that this money trap exists and you should prepare for it. Your loved ones can do a pretty good job of keeping you broke. So it’s wise to always have some cash set aside in case of emergencies. Have cash, and have investments that are always growing.

Photo of a burning dollar
Liabilities burn your cash reserves.

But what if you are single and just barely getting by? In that case, what you lack is either 1) sufficient financial literacy, 2) self-control/discipline or 3) a financial plan.

Here are some things to remember:

  1. Saving money won’t make you rich
  2. Inflation steals your wealth, so invest
  3. Buy assets, not liabilities
  4. Never spend more than you make
  5. Pay yourself first, always
  6. Compound interest works wonders

So yes, people can be liabilities, but people should never be assets. This means don’t be a user—using other people to pay for your debts. That’s shameful. And embarrassing.

Follow a process, not the money

It’s much easier to set financial goals and stick to them if you have no other family obligations. And that’s not an excuse, its the truth.

It’s also easier to grow wealth if you are focused on the process rather than counting every dollar you make. For example, would you rather have $2000 dollars worth of Amazon stock, or 2000 shares of Amazon stock? (approximate worth over $4 million dollars). Focusing solely upon the value of your assets will be a needless distraction for you. Focus on the fundamentals.


Disclaimer: This article was written for educational and entertainment purposes only. This is NOT financial advice. Always do your own research and please consult with a licensed attorney before making any serious investment. We are not responsible for any investment decisions that you choose to make.