Always Protect The Downside

4 min read

What’s a big goal or dream that you have? Do you want to start a business? Become a fulltime author? Travel the world? Become financially independent? Change careers?

I bet you’ve thought about it, and at some point thought, “I’m not sure I can achieve that.”

If you’re anything like me, you always think about risks that are involved with making a big move in life. And that’s not a surprise. We’re collectively risk averse. We truly hate risk. I’ve never met someone who said, “I love to lose everything!”

But what can we do about our risk aversion? If you think about it, most of us are put off by fear. You think of doing something, consider the risks, and decide not to do it. Here are some examples.

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Mental Models and Making Decisions You Don’t Regret

decision making process
4 min read

What makes a good decision? When I ask people that question, I often get answers like:

“When the outcome is successful.”

Why is it that we, as a society, romanticize outcomes? Only things and people that succeed are celebrated. Just look at all the articles and books that idolize successful people. And to a degree, that’s obvious.

But it’s also misleading. We tend to overlook cases that did not come with a successful outcome. And when we do look at failure, we are often quick to explain why things failed.

In hindsight, we can all look at mistakes and say that it was imminent. But if preventing mistakes is that easy, why are we still make decisions that we regret?

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How I’m Getting Richer Every Day

multiple income streams
5 min read

I’m not hungry for money. Compared to several years ago, when I had less money, I still have the same life.

I wake up, drink my freshly brewed coffee, read a good book, and then start working until about 3 or 4 in the afternoon. Then, I put on my shorts and t-shirt and start working out.

Sometimes I listen to music during my workouts, and sometimes I don’t. After working out, I have dinner with my family. We watch a TV show or movie after we eat. And then, I get back to working or reading.

You see, it doesn’t take much money to live a good life. Benjamin Graham, one of the most respected investors of all time, once told his apprentice:

“Money isn’t making that much difference in how you and I live. We’re both going down to the cafeteria for lunch and working every day and having a good time. So don’t worry about money, because it won’t make much difference in how you live.”

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