Here are three areas where I fool myself.
Consider Ruin – I’ve done a good job of addressing the risks identified three years ago. So good that, when I asked myself the question, “What can wipe me out?” I quickly answered, “You’re set amigo.” That’s a top-of-the-market sentiment if I ever heard one.
Having mitigated the hazards of leverage, unemployment, litigation, fraud, risk-seeking peers and insolvency… my main risks are health and accidental death.
Do you know your own?
Stay Variable – I was listening to out-of-state visitors rave about the beauty of the Rocky Mountains.
Where they go wrong is assuming that buying a condo will enable them to lock in the emotions of beautiful spring day.
I’m just like them.
We’re all just like them.
Good times give us access to additional finance/capital. We often use this money to capitalize luxuries and time.
Stay variable, stay invested and resist the urge to lock in family overheads.
Rebalance Time – the best deals I’ve done have been where I traded money-for-time.
It takes vigilance to carve time to become world-class at things that interest me. Mastery makes me happy.
Social media, marriage, long-term friendships, work/non-work, self/family – I don’t advocate being in balance – I do advocate making an honest assessment and asking myself if I’m OK with where my time allocation will take my life.
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