If you could go back in time what advice would you give yourself?

Discussion in 'Investor Psychology & Mindset' started by MTR, 5th Jul, 2016.

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  1. MTR

    MTR Well-Known Member

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    I love these sorts of questions, and I know some will hate this, but that's OK, ignore it..

    .... Can have nothing to do with wealth creation, but it can ..... so what advice would you give yourself?

    I would tell myself to read more books
    Lighten up
    Don't worry about the small stuff
    You will find Mr Perfect


    MTR:)
     
    Last edited: 5th Jul, 2016
    MTR, 5th Jul, 2016
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  2. twobobsworth

    twobobsworth Well-Known Member

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    Ask her out she won't bite.
     
    twobobsworth, 5th Jul, 2016
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  3. MTR

    MTR Well-Known Member

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    Love this one, if only you knew what you know now....
     
    MTR, 5th Jul, 2016
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  4. Tony3008

    Tony3008 Well-Known Member

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    Work smarter, not harder. I wasted years in my 30s and 40s running myself ragged and getting nowhere, when better choices (e.g. taking 20 minutes to walk to the bank and back - good exercise and time to reflect - instead of taking the car) would have made me happier, healthier and better off.
     
    Tony3008, 5th Jul, 2016
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  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Don't lend anyone any money.
     
    Terry_w, 5th Jul, 2016
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  6. Sackie

    Sackie Well-Known Member

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    Personal life: Ask her to marry me sooner!

    Business and general life related: Always mix with the right people, learn as much as I can in specific areas relevant to me and never, ever, ever ,ever ,ever allow people with destructive mindsets anywhere near me no matter what.
     
    Sackie, 5th Jul, 2016
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  7. Depreciator

    Depreciator Well-Known Member

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    Look after your knees.

    (Not my advice, but a line I recall from the Sunscreen Song by Baz Luhrmann back in the 90s)
     
    Depreciator, 5th Jul, 2016
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  8. Magnet

    Magnet Well-Known Member

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    Have kids earlier in life and enjoy every minute of them
    Start investing in property now, don't procrastinate
    Time is a finite resource, live in the moment as well as plan for the future
     
    Magnet, 5th Jul, 2016
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  9. Moych

    Moych Well-Known Member

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    +1
    Also, stop waiting for the property bubble to burst; and join SS/PC sooner.
     
    Moych, 5th Jul, 2016
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  10. Steven Ryan

    Steven Ryan Well-Known Member

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    Invest as much time an energy as necessary to develop very clear goals.
     
    Steven Ryan, 5th Jul, 2016
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  11. Dan Donoghue

    Dan Donoghue Well-Known Member

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    I could say invest in property early

    But then I wouldn't have lived the life I have and may have regrets

    I could say Eat healthy, Exercise and don't smoke

    But then I wouldn't have had the last 10 months of health issues which have given me learnings you only get from questioning your own mortality

    I could say don't waste your money on cars and toys

    But then I wouldn't have had the cars and toys I have had and the fun I have had

    In all honesty I would stay completely away from myself and just watch with nostalgia from afar and think to myself "You're gonna turn out just fine kid". I would not a change a thing about my life as everything I did and every choice I made turned me into the person I am :).

    Also I have a personal belief that if you make someone's decisions for them, you remove personal responsibility which is the key part to learning :)
     
    Dan Donoghue, 5th Jul, 2016
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  12. Biz

    Biz Well-Known Member

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    I wouldn't say anything. I would instead visit Sydney and buy up a heap of land in the CBD.
     
    Biz, 5th Jul, 2016
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  13. Perthguy

    Perthguy Well-Known Member

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    Mine is boring. Sorry. I would tell myself to travel and have fun while I was young... except that is exactly what I did ;) :)

    Even though I have been broke, unemployed and homeless... twice, I would not go back and change that. It is important to who I am now.

    So I am left with one message to my young self... buy Apple :p
     
    Perthguy, 5th Jul, 2016
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  14. Xenia

    Xenia Well-Known Member

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    I would just tell more people to F off out of my life sooner.

    Life dramatically changes for the better when you stop trying to appease negative people that are never ever going to be happy anyway.
     
    Xenia, 5th Jul, 2016
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  15. Player

    Player Well-Known Member

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    1. Never be the main front man in the business for to long beyond becoming established. Being the (personal) brand makes it very difficult to exit by a sale especially in a service based concern.

    2. Take more calculated risks and learn from them.

    3. Don't procrastinate. I wish I had come across the words of Goethe a lot sooner......."Whatever you can do or dream you can, begin it now. Boldness has genius, power and magic in it."

    4. Network more. As I accumulate more birthdays and my skin thickens, I am losing my shy side. I wish I was less shy in my earlier years.

    On the other hand, right now LG :)
     
    Player, 5th Jul, 2016
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  16. S0805

    S0805 Well-Known Member

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    stop watching news and cut out the negative noise from your life instead read lots of books whatever you like.

    also, don't be **** and start investing early....
     
    S0805, 5th Jul, 2016
    #16
  17. mrdobalina

    mrdobalina Well-Known Member

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    +1. Don't be as risk adverse and take more calculated risks. Back yourself and don't worry what other think or do.
     
    mrdobalina, 5th Jul, 2016
    #17
  18. Phar Lap

    Phar Lap Well-Known Member

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    Dont associate with T. Windsor, ever!
    How people change.
     
    Phar Lap, 5th Jul, 2016
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  19. moridog

    moridog Well-Known Member

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    stay away from bad men! and, travel more,! and, have one more kid :)
     
    moridog, 5th Jul, 2016
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  20. drg86

    drg86 Well-Known Member

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    Put 100k into Tesla shares in 2010 instead of offset account...
     
    drg86, 5th Jul, 2016
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