Wise & Wealthy: 10 things about money and improving mental toughness

Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.

#76 – June 19, 2023

Was this shared with you? Sign up here.

Wise: Mental toughness

When everything is going well, you want to meditate on what could go wrong. Let’s do a thought exercise.

  1. Find a comfortable place to sit or lie down.
  2. Close your eyes.
  3. Think about your current job and the sense of security it provides.
  4. Imagine yourself excelling in your role and enjoying your work.
  5. Feel the satisfaction and fulfillment from your professional success.
  6. Now, imagine you’re sitting alone at home, and you receive an unexpected email.
  7. The message informs you that you have been let go from your job.
  8. Allow yourself to feel the uncertainty and anxiety that comes with this news.
  9. Take a deep breath and snap out of it.

Don’t get stuck in that feeling.

The point is to temporarily feel negative emotions, so you don’t experience shock when you have to deal with loss in the future.

To keep improving your mental toughness, repeat this exercise for whatever you fear. 

↳ An Exercise For Improving Mental Toughness

Wealthy: 10 things

The comedian Groucho Marx once humorously and accurately remarked about money: “While money can’t buy happiness, it certainly lets you choose your own form of misery.” 

Life is challenging, regardless of your financial status. However, having money allows you to live life on your terms.

If you ever catch yourself thinking, “Why be frugal with money? I’d rather spend it all today and enjoy myself,” keep in mind that every time you make that choice, you’re sacrificing some of your freedom.

I was fortunate to learn valuable money lessons early in life, although I wish I had learned them even sooner. 

But remember, it’s never too late to change your financial habits. In my latest article, I reveal 10 life-changing money insights that have transformed my life.

↳ 10 Things About Money I’m Glad I Learned 10 Years Ago

One interesting thing

Here’s good advice about public speaking from The Quick and Easy Way to Effective Speaking by Dale Carnegie:

“What, then, is the proper method of preparing a talk? Simply this: search your background for significant experiences that have taught you something about life, and assemble your thoughts, your ideas, your convictions, that have welled up from these experiences. True preparation means brooding over your topics.”

Speak about what you know and you’ll make your life a lot simpler.

Thanks for reading! I hope you found this edition of Wise & Wealthy useful.

All the best,


Join the 5-day Financial Freedom Challenge

I created a 5-day email course you can do alone or together with a group. It’s called the Financial Freedom Challenge. And it will help you to gain control over your finances.

Most people try to calculate their way out of poor finances. But money problems aren’t rational. They’re emotional. Manage your emotions well, and you’ll manage your finances better.

Financial Freedom Challenge

How to Unlock the Financial Freedom Challenge

You can join the challenge for free. For five days, you’ll receive a short email with a small challenge that inspires you to improve your relationship with money.

I highly recommend sharing it with your friends/family so you can go through the program together. It helps bring perspective. And it’s more fun that way too.

Join here for free: dariusforoux.com/financial-freedom

Read Next: