The 2023 Chronicle

their lives by enjoying themselves as much as they can. Reading is an important way to increase knowledge and motivation, and develop a successful mindset. Health is also an important part of being successful. You cannot work optimally if you aren’t taking care of your nutrition and exercise. Carving time out of a busy day to prioritize exercise is important for physical and mental health. The incidence of mental illness among children today is higher than ever before, and exercise is an important mitigation tool to promote mental stability. Exercise causes the brain to release feel-good chemicals like endorphins and serotonin that help improve mood. REAL ESTATE INVESTING We then spoke about real estate investing, a capital intensive form of investment that is usually more stable over the long term than stock market investment. Property is significantly less volatile than the stock market, and property rarely loses its value. We tried to help the boys understand that property investment takes a lot of sacrifice if one starts early but is a remarkable tool for building wealth for the people you care about in the long run. HERE ARE SOME STEPS WE LOOKED AT TO START THE JOURNEY OF REAL ESTATE INVESTING: 1. Have a plan,

The focal point was mainly fundamental analysis. The markets provide many different indicators but the ability to interpret the indicators is an essential tool for making educated investment decisions. PERSONAL INVESTMENT We then considered the importance of personal investment, looking at books that the most successful investors have written or that they recommend. Think and Grow Rich by Napoleon Hill looks at the mindset that a successful individual needs to have by contrasting some of the most successful businessmen and women in history. This encourages the mindset that anything is possible. Whatever your goals are, they are in reach if you look inwards to your personal motivations to create the life you want to live. The 5AM Club by Robin Sharma provides a look into maximising your time to create your dream life. He emphasises the four pillars of creating a life worth living: Soulset, Heartset, Mindset and Healthset. Atomic Habits by James Clear speaks about growth, how 1% daily improvement with the law of compounding can create radical personal success in your life. Rich Dad, Poor Dad by Robert Kiyosaki is still a top seller, with ongoing relevance about the importance of financial literacy beginning from an early age. Finally, 12 Rules For Life by Jordan Peterson, a clinical psychologist, uses stories to lay out simple rules to help young people become more disciplined, behave better, act with integrity and balance

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