The Daily Meaning

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Travis Shelton Travis Shelton

Protecting Yourself From Yourself

In a recent meeting, someone told me about how they invest in their company’s stock from each paycheck. This in and of itself isn’t worth writing about…..lots of people do this. What she said next is what drew me in. “I really don’t know if this is the best investment, but it makes sure I don’t spend it on something else. I know it’s there.” This is one of the countless ways people play games with themselves to achieve something. Or as I like to call it, “protecting yourself from yourself.”

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Travis Shelton Travis Shelton

Pick Your One Thing

I was recently talking to a frustrated parent who was sharing their displeasure with their grown child’s financial habits….or lack thereof. In the conversation, they listed a dozen things this young adult needs to do better in order to get their financial life back on track. Things like stop spending on frivolous things, save more, get an emergency fund, get a second job, pay off their debt, start investing……and the list goes on and on. These things very well may be true, but there was a problem. If this young adult actually tries to do all these things, they will inevitably fail

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