HENRY (High Earners, Not Rich Yet) is an acronym that has been around for a while that I had never heard before. On your way to wealth, it helps to have been a HENRY at some point, but what makes some save and some spend it all? We might not ever know but in this episode, we look at some of the differences.
We also discuss tracking your financial decisions in a notebook, especially your trading decisions. Having a checklist of how you make your investment decisions is also key to having long-term success. It's more about how you make your decisions and your process than it is about the outcome. If we have a good process, the outcome will take care of itself.
