21 Financial Resolutions for 2021 (and 20 Things We are Leaving in 2020):

21 resolutions for 2021

Spend less than you make, period

Work with an advisor to get a formal financial plan

Own the world: diversify within and between asset classes

Splurge, but only infrequently to maximize happiness

Read at least one book per month

Invest in your mind and skillset

Spend money in ways that increase happiness: charitable giving and time with loved ones

Automate every part of your financial life
Teach someone else about the power of saving and investing

Learn to savor and appreciate what you already have

Save at least 1% more than you did last year

Check out your credit report

Declutter: get rid of everything you don’t use or love
Make a (realistic) budget

Track your net worth

Make one extra mortgage payment

Create a “vision board” with your three top financial goals
Make bite-sized financial goals with rewards for completion

Choose experiences over stuff

Rebalance at least yearly

Have fun and buy things that matter to you - you can’t take any of your money with you!
20 things we are leaving in 2020:

Benchmarking to the S+P 500.

Keeping up with the Joneses

Chasing speculative fads and pretending it’s an investment

Conflating negativity and bearishness with sophistication
Unnecessarily complicated products

Confusing a place to live with an investment

End of year price targets and specific forecasts

Raising lifestyle when income rises

Reaching for yield

Watching histrionic financial news coverage
Depreciating assets

Confusing our desires for an asset with its future trajectory

Talking about 10% corrections as though they are rare

The idea of getting rich quick

The illusion of certainty when it comes to markets (or life, for that matter)
Unnecessary consumer debt

Co-signing loans

Short-term thinking

Sacrificing health and happiness for a paycheck

Assuming that the future will look like the recent past

FIN - Hope you all have a healthy and prosperous new year!

More from Finance

The Dutch regulator and DNB as financial supervisor are a tough cookie to deal with. In essence they hyperregulate EU-rules into goldplated Dutch rules which go beyond what is prescribed in Europe.

All NL-customers at British banks may thus be kicked out on brexit.

Thread

/1

If we start with the capital requirements directive, it says attracting deposits is forbidden. In article 9.

https://t.co/RYl7SXligC


Now the translation of that rule into Dutch law is slightly expanded to not only prohibit attracting deposits, but to also prohibit, having those deposits under custody ('ter beschikking hebben').

That's not in EU law, but it is in our Dutch law.

https://t.co/PsbWfNY3PA


So if you wonder how this would work out for UK banks and Payment institutions servicing Dutch customers. Have a read at the technical explanation of DNB, the financial supervisor and their summarising table.

https://t.co/LL0fAnYkRJ

Passive servicing of Dutch is not allowed!


Any bank or PSP in the UK that continues to serve Dutch customers (as in retail customers, professional players are excepted) can thus be subject to fines and policing under Dutch law.

Meaning we not only have Accidental American issues in payments, but also Accidental Dutchies

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"I really want to break into Product Management"

make products.

"If only someone would tell me how I can get a startup to notice me."

Make Products.

"I guess it's impossible and I'll never break into the industry."

MAKE PRODUCTS.

Courtesy of @edbrisson's wonderful thread on breaking into comics –
https://t.co/TgNblNSCBj – here is why the same applies to Product Management, too.


There is no better way of learning the craft of product, or proving your potential to employers, than just doing it.

You do not need anybody's permission. We don't have diplomas, nor doctorates. We can barely agree on a single standard of what a Product Manager is supposed to do.

But – there is at least one blindingly obvious industry consensus – a Product Manager makes Products.

And they don't need to be kept at the exact right temperature, given endless resource, or carefully protected in order to do this.

They find their own way.