The Daily Meaning
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Not Weird At All
We must take the terrible with the great if we want the good. That's the secret to investing.
An Experiment In Leisure
I often write about my qualms with our cultural obsession with retirement. Specifically, our collective pursuit of a life of leisure. In theory, this is the secret to happiness and satiation, but in reality, it's just empty calories.
Anchoring
Why do you spend $x on a certain category each month? The answer probably isn't too deep, and it likely has something to do with the fact that's what you always spend on said category each month. But why? Because that's the way you've always done it.....or at least that's the way you've done it long enough for it to be ultra-normalized.
The Timing Couldn’t Have Been More Perfect
I received an amazing text yesterday! A casual friend texted me out of the blue, as he does from time to time. He loves talking about finance, investing, and the stock market. Here was his text: "When do you think the stock market will turn around and recover?"
The Moment I Knew
"While we're on the road, the two people who aren't driving spend time contacting and pitching everyone. Old clients, warm prospects, cold prospects.....everyone."
Chicken or Egg?
I recently stumbled upon a heated online conversation on a social media platform. The original poster posed a question: "If so many people are struggling right now, why are there so many people with brand-new vehicles parked in their driveways?"
Outgrowing Your Structure
I recently met with a couple who are becoming progressively more frustrated with their finances. This seems counterintuitive, though, as they are making far more money than they ever have before. Why, then, are they getting frustrated? It's pretty simple: The current complexity of their life has outgrown their financial structure.
The Want-to-Need Migration
Much discourse centers around the idea that life is so much more expensive today than it used to be. We blame inflation, capitalism, Boomers, politicians, and the systemic structure of our modern-day society.
Exhibit #975
I recently stumbled upon a social media video in which a woman asked, "If you were offered a free vacation, but you weren't allowed to post any photos of the vacation on social media, would you still go?"
If Everything Is Important…..
Here's a general truth. If everything is important, nothing is important.
Don’t Let the Sequence Fool You
This young guy fell into the same trap so many do. Instead of viewing his money as a giant puzzle, he viewed it as a sequence of transactions.
Mazzulla Has a Good Point
But then, there's Joe's perspective. Man, we're so blessed. Most of us will wake up today more blessed than the vast majority of people who have ever lived on this planet.
A Middle Finger To Our Future Selves
To his detriment, he lived out the principles he preached way back then. He spent, spent, and spent, giving little regard for his future self.
Two Families, Two Perspectives
I had a few interesting conversations last week that showcase an important concept. It's about two different families. Both families live in the same town. Both families have two kids under the age of 12.
Once You See It
Something powerful happens when we see parts of the world that are extremely foreign to us. When we leave our little bubble and get a glimpse of the bigger picture, it has the potential to melt our minds. Everything we know and believe can be turned upside down in a matter of days.
The Confrontation Awaits
One of my kids has a fear. To me, it's a silly fear, but to him, it's crippling. Over the past few days, he's spent much time trying to avoid facing this fear. Heck, if he had his way, he could simply avoid it altogether for the next 80 years and die a happy man.
$50K On the Kitchen Table
"I don't care if you buy this vehicle," I told them. "However, if you decide to buy it, use cash. Please don't fall into this trap again."
OK, But Where You Gonna Get 9%?
The U.S. stock market has delivered a return of over 9% annually (and 10% annually over the last 100 years). Almost every time I discuss this topic, someone snidely asks, "OK, but where you gonna get 9%?"