The Daily Meaning
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My Time vs. Their Time
"It just takes you three times as long to do these tasks as it does me." Ouch! But she was right!
Meanwhile, Everyone Else Is Spinning
Meanwhile, everyone else is spinning in circles. Most of the "must be nice" people around us are so busy spending money on things that don't actually matter to them that they don't leave margin to invest in things that do. This isn't some provocative theory; it's a recurring theme I've observed in countless families. It's so easy to fall into this trap!
Just Meet Them Where They’re At
Yesterday was a big day in the Shelton household. Finn and Pax's first-ever debit cards arrived in the mail. They had been counting down the days, and they couldn't have been more excited to receive them.
Childlike Wonder
I often wonder at what age most of us lose that zest, that imagination, and that wonder. There's a moment in life where we go from having that childlike wonder to getting hit with a blast of reality. It's like our dreams, creativity, and imagination were robbed from under our noses without us even knowing it.
Our Eyes Deceive Us
"Travis, I can't believe you and Sarah spent $1,000/month on travel! That seems like a lot. An irresponsible a lot."
The Wrong Scorecard
I just had a heartbreaking conversation with an acquaintance. He's in his mid-50s, married, with two children who are about to graduate from high school. He confidentially shared this with me, but also asked me to anonymously write and podcast about it.
What’s Under the Hood?
"If the stock market is at an all-time high, shouldn't my retirement account also be at an all-time high?"
Just Until You Die
Truthfully, once budgeting becomes a steadying force in our financial lives, it's impossible to envision life without it. I can't even fathom going a single month without a planned and executed budget. That would feel weirder than wearing only a Speedo to work. It's unconscionable!
They’re All Right
During one such conversation, my young friend said she's heard all sorts of anecdotes about how much it costs to raise children. Some people told her it costs very little, while others say it costs an arm and a leg. My response: "They're all right."
Well, Well, Well
And just like that, the U.S. stock market is at a new all-time high. Remember just two months ago when people were decrying the end of America and the utter destruction of millions of Americans' retirement accounts? Those were fun times.
They Shot the Elephant
In a recent meeting with one of these couples, I was writing a bullet list of possible uses for their taxable investment account. As soon as I wrote the word "pre-60 retirement," they asked me to erase it. "We don't want to retire. We like to actually live our lives and have purpose."
Steaks Have a Price?
In a fun way, this steak conversation perfectly illustrates my broader point. We're all different. We each have a complex set of values, perspectives, and characteristics. And yes, these values, perspectives, and characteristics funnel into our relationship with money.
The Market Value of Water
Social media is abuzz right now after leaked documents show a particular pair of Nike shoes costs $16/pair to manufacture, including all materials and labor. The selling price for said shoe? $180/pair. That's an 11x markup, or stated in terms of gross margins, 91% gross margin.
What We're About, According to A.I.
I received an interesting e-mail from a friend/client yesterday. He was experimenting with A.I., and as part of his exploration, tasked the A.I. model to give a synopsis of my content.