Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#87 – September 4, 2023
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Wise: Amor fati
In my latest article, I talk about two concepts that the German philosopher, Friedrich Nietzsche believed were essential to living a fulfilling life.
Namely, (1) amor fati and (2) perspectivism
Amor fati is the idea of embracing all that happens in life with love, while perspectivism means there is no single “truth” that applies to everyone.
Combining Nietzsche’s “amor fati” with his concept of “perspectivism” provides a powerful mental model for dealing with the challenges of today.
When fused together, these philosophies give birth to a mental model I call “open-minded resilience”.
This model encourages us to gracefully accept life’s ups and downs (amor fati) while maintaining an open mind to different viewpoints (perspectivism).
↳ Friedrich Nietzsche: Amor Fati and Rejection of Objective Truths
Wealthy: Investing FOMO
Every investor has felt it: FOMO, or the fear of missing out.
It’s especially potent in today’s fast-paced world, where news of others making a fortune can make us feel like we’re missing out on the next big thing.
But here’s the thing about FOMO – it can cloud our judgment, leading us to make hasty decisions without fully understanding the risks involved.
Investing isn’t about keeping up with everyone else; it’s about steadily moving towards your financial goals.
Next time you feel FOMO creeping in, take a step back.
Research thoroughly, understand the risks, and consider if the investment aligns with your long-term goals.
Remember, the aim of investing is not to get rich quickly but to grow your wealth over time.
↳ Investing and The Fear Of Missing Out
One interesting thing
Here’s a quote from my book, Do It Today:
“Checking is not a useful thing. It might be a verb, but it’s not a real action. When I started blogging, I always checked my stats for no reason. Then I thought: What’s the outcome of checking? Nothing. You just consume information.”
To protect your focus, energy, and time, keep checking your email, messages, and social media to a minimum.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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.
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