7. Keeping track of you money is essential to managing it. You can't just go through life spending when you want to and assuming that someday money will show up to pay your bills. Believe me, I tried this and it didn't work! It is a pain in the ass, but tracking every darn penny you spend is essential to understanding where you money goes and where you are spending too much money in life.
And please, if you are not doing this, you have no real right to say I am spending too much money on X when you have no idea what you are spending your money on at all.
9. Obsessing about politics is pointless. Vote. Donate money to a candidate. But to get all riled up watching Fox News or CNN is just wasting your own energy on absolutely nothing. Put that energy to use in your own life, and leave the politics to the politicians. Your input is limited to the second Tuesday in November, or whatever you can spare in your checkbook for political donations. Forget about the rest.
10. Stop believing in something-for-nothing. There are no shortcuts to wealth or losing weight. People are not giving away cars, motorcycles, RVs, or tractors on Craigslist for 1/4 their actual value. A Nigerian Prince has not awarded you lottery winnings. You don't save money by leasing a car - you get ripped off. You can't deduct your way to wealth. Buying a huge house to live in won't make you rich, just house-poor. No scheme or hyped investment will ever make you rich, but likely will bankrupt you, whether it is gold, bitcoin, houses, or whatever. Others will make money, not you. Just stop being a sucker! It is that simple.
Now, some of you might say, "Well, this is pretty obvious stuff, Bob! I mean, if you have lived on this planet for more than an hour or so, you could figure this out!"
You'd think that, but you'd be wrong. Legions of people believe in utter nonsense and do stupid things and then allege to be victims and want our sympathy when it all goes wrong. While we might feel sorry for such folks, a better approach is to learn from their mistakes and move on.
And yet our media, our schools, and even family members all preach the opposite. We should feel sorry for people and the next IPO for some "dot com" company is the biggest news in investing! The two are related of course, as the people who want you to feel sorry for them are the idiots who fell for the crap the media sold them.
But that is an outrageous thing to say because the folks who have one hand on your wallet don't want it said. They want you to be weak, passive, and squandering all your dough on stuff to make yourself feel better about life, even as you go broke. Why bother trying? Have another beer and roll a joint and lose your mind. There, feel better now?
Of course not.
This is, of course, not some grand conspiracy, but something called "human nature" and "civilization". Throughout history there have been haves and have-nots. And the haves know how human beings think and act, and how they are prone to feeling sorry for themselves, depression, and craziness, and how these weaknesses can be exploited very easily. Loan them money for a new Camaro. They'll feel better about their situation, even as they go broke. Meanwhile, you make money. That's how it works.
If you can see through this fog, it suddenly becomes clear. Sadly, few do - or maybe it is a good thing few do, as it makes it easier to be one of those few!