Hi Do,

Here are Todd’s latest fun picks to take your financial skills to the next level...

It's time to get philosophical.

I'm trapped in my home by the incessant, choking smoke from the California wildfires.

No hiking. No cycling. No kiteboarding. No mountain biking. No running with my dog. None of the summertime fun that brings joy to my day. Just smoke so thick that you can't see the sky.

But it's all about perspective.

My wife's friend lost her hotel and home in the fires. It was an emergency evacuation caused by a sudden wind shift, so all she has now is her car, two suitcases of clothes, and a box of photos. Everything else went up in smoke.

It's too easy to focus on the obvious negative, but it's lazy thinking. It's equally valid to look at all the good fortune making your existence possible today and feel deep gratitude.

For example, Covid numbers are jumping again and restrictions are resuming. It sucks. I wanted this to be over. My daughter, who is ultra-careful and fully vaccinated, somehow got sick last week.

But again, it's a matter of perspective. Should I get upset that one of my immediate family got the virus, or should I be thankful the vaccine did its job? Her symptoms were so mild (despite being Delta) that she was shocked to test positive. She didn't know she was sick. Nobody else in her contact circle during the contamination phase got sick - likely because we were all vaccinated as well. A year ago, the outcome for the less dangerous original variant would have been far worse.

There's so much to be thankful for, and so much to be frustrated about. It's all about perspective. It's genuinely hard to balance it all.

The theme for today's resources is valuable perspective on well-worn topics. We think we know them already, but maybe there's something new worth learning.

At least, that's why I'm sharing these resources with you today...


Every Experience is Worth Having - Darius Foroux

The antiquated consumerist model is to pursue wealth for more/better/different stuff - fancy cars, designer clothes, flashy home. I've always taught in my Expectancy Wealth Planning course that wealth is about maximizing the experience of life, not stuff. But what does that mean? Supposing you fall prey to chasing experiences as just another form of desire, so that you miss out on the real experience of life right in front of you every day? Life is not about the things you get to experience, it's something you experience regardless of what you do. Every experience is worthy, whether you desired it or not. Whoa! Now that's cool!

The Highest Forms of Wealth - Morgan Housel

Here's food for thought: have the wealthy devoted themselves to pleasure regardless of expense, or did they get it wrong and devote themselves to expense regardless of pleasure? Is the goal financial, or is it just to become independent? Do you want more money, or do you want to no longer need to think in terms of money?

How To Live Like You're Already Retired - Incognito Money Scribe

You should allocate more effort to the things that give you joy, and less to the things that don't. This may sound trite, but honestly, how well do you do this? Most of us are guilty of waiting to do what we really want until some ideal future arrives. Sounds a lot like "the retirement myth," eh? But what makes you happier in retirement makes you happier today as well. Why wait?

Onward and upward!
Todd Tresidder

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