Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#39 – October 24, 2022
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Wise: Counterintuitive lessons
Many things in life are the exact opposite of what we assume they are. For example, when it comes to personal productivity, we often think we need to work harder and do more to achieve more.
But more often than not, we need to do less. We need to narrow our focus.
Our first instinct or thought is often not the best one. As Socrates said, “the unexamined life is not worth living.”
To live an examined life, we must examine. One way we do that is by reading articles, newsletters, and books.
This is the main reason I keep writing articles. I want to keep challenging my own ideas.
That habit has truly changed my life. I can’t tell you how often I’ve challenged my ideas in the past you. As a result, my decisions have improved.
Wealthy: Five pillars of wealth
Any type of pursuit in life consists of a few fundamental ideas and concepts. For example, theory and experiment have been the two pillars of science for centuries.
It’s the same for wealth building. I’ve identified five pillars that support our understanding of how to responsibly build wealth.
- Self Investing: The foundation of wealth building is learning to learn skills without thinking about money. Accumulate as much knowledge as you can.
- Income Generation: After you’ve invested in yourself, you can use your skills and experience to generate income.
- Asset Investing: Then, invest a big chunk of your income in assets.
- Asset Protection: Protect your assets and avoid losses.
- Capital Allocation: Now, you’re wealthy and if you play it right, you will always stay wealthy. You just move around your capital.
This is a highly condensed summary. More on every pillar in the full article on my site.
Never forget that the ultimate goal of investing is to increase the pie for everyone. Let’s keep expanding that pie.
One interesting thing
Today I have a small reminder from Seneca for you:
“Withdraw into yourself as far as you can, and associate with those who will make you better. Invite those whom you can make better.
Be a positive influence on others. And get close to people who are a positive influence on you.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Join the 7-day Stay Centered challenge
I’ve created a one-week email course that you can do together with a group. It’s called Stay Centered, and it will help you to reclaim focus and live a meaningful life.
When you’re centered, nothing can hurt you. You will have inner peace no matter what happens.
How to unlock Stay Centered
You can join the challenge for free. Every day, you’ll receive a short email with a small challenge that inspires you to live better.
I highly recommend sharing it with your friends so you can go through the program together. I did it with my team, which was a lot of fun.
Join here: dariusforoux.com/stay-centered