A story that runs far beyond your portfolio.
Like most of us, I tend to shun painful thoughts, people, experiences…
However, in reading a book on finance, Your Money & Your Brain, I discovered a better way to think, and live.
Don’t Know, Don’t Care
Rather than getting rid of whatever seems to be bothering me. Why don’t I move my life towards a position where I’m OK either way.
In the finance book, the author was making the case for passive investing.
- What’s going to happen to… ?
- Should I sell?
- Should I buy?
- Where will interest rates be next year?
- Corporate profit margins, availability of bank credit, tax policy, insolvency risk, terrorism, politics….
There is no end of worries available to you.
If you’re following a passive strategy with a fixed monthly investment then none of the above matter.
Another benefit is I don’t have to follow the noise that’s constantly pouring out of the media.
Once I saw the logic of changing one area of my life, I started to consider the other areas where I trade happiness, for worry.
Step into the mind of young woman:
- Will they like me?
- What will they think about my shorts?
- Do my shoes match my outfit?
Sweetie, I don’t know but I think you’re terrific.
The “don’t know” strategy doesn’t make me immune to the opinions of others, but it gives me a mantra to occupy my mind on something more useful than worry.
Life is none of my business.
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