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One Rule To Simplify Your Life From Jack Ma

Today’s title is inspired by something I heard Jack Ma say during a speech where he discussed how to make it easier for innovation and regulation to coexist. Governments have a way of creating never ending regulation putting entrepreneurs and innovators under an ever increasing burden of rules. What he shares however can be applied to simplifying things in your own life. Maybe next time you buy a new pair of shoes you may want to consider which two pairs you can let go or gift to someone else for example.

Every Friday I share one lifestyle design idea, one thing that inspired me, and one question for my readers. Ready for this week’s edition? Here we go…

One Lifestyle Design Idea From Me

Fix Your Credit.

Hopefully your credit is in good shape but if it isn’t repairing it will improve the quality of your life. Unfortunately most people use credit to buy depreciating assets (i.e. things that go down in value) at a high interest rate. There are ways to use credit to buy assets that appreciate, can be used to generate income, and it is more time efficient to borrow one hundred thousand for example than earn, save, and pay taxes on a hundred thousand. Borrowed money is always tax free and good credit will get you the lowest rates. If you would like a free consultation to improve your credit you can schedule a time here.

One Thing That Inspired Me

Got this line from The Psychology of Money by Morgan Housel: control of your time is the best money-dividend.

One Question For My Readers

How can good credit help me design a lifestyle with more free time?

Any comments, questions, or thoughts from you the reader is always welcomed.

Until Next Week. Happy Friday!

More about what Ed is up to here.