I ended Wednesday by asking, Am I worried about the right things?
It’s easy to get distracted by the noise surrounding our lives.
Do you know your key risks?
It varies between people and over time => focus on habits that might lead to ruin (leverage, lack of impulse control, smoking, substance abuse…).
Set your financial life up so it runs on autopilot.
Did you read the PDF from yesterday? Good reminders at any age, as well as an embedded reading list.
Things I focus on more than my portfolio…
- Near-term: keeping up with my teenagers – what is it going to take to share the outdoors with my family when I’m 60?
- Medium-term: personal engagement when my kids are gone – what will I do with more time, and less energy?
- Health: poor choices increasing my risk for cancer and other health issues
- End of Life: my body outlives my brain
My actions today reflect awareness of the real risks in my life.
My portfolio? Good enough is good enough. Avoid unforced errors and keep on keeping on.
Don’t assume these answers.
Do the calculations from Wednesday, reflect on your life, write it down, review annually…
Then get out there and enjoy 2021.