Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday and every other Thursday.
#23 – August 08, 2022
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Wise
Forecasting is important because it can help us to make better career and financial decisions. If we have a sense of where the world and our economy are going, we can prepare better.
At least, that’s what forecasting should do in theory. In practice, it’s much harder. I found that it’s easier to forecast certain trends than where the world is going on a global level.
Major changes usually happen slowly, at first. Then explode into the mainstream. And the people who see this slow initial growth can take advantage of the sudden rise.
Now, what matters is the timeframe. Think of the oil industry, which started in the 19th century and is still very alive today. In contrast, another 19th-century invention, the telegraph no longer exists.
But at some point, the oil will also plateau (hopefully very soon). Some people have tried to predict that we will reach “peak oil” by 2030, but no one knows for sure. We just know that we’re getting closer to it every year.
I refer to this concept as “nothing will last.”
If you are aware that some things in your career are starting to plateau, it’s time to make a change.
↳ “Nothing Will Last” Forecasting Technique: Anticipate the Future
Wealthy
I love reading books about money and wealth. That’s why I’m currently writing one about the topic! But I usually don’t read the most obvious books about personal finance.
For example, How to Stop Worrying and Start Living by Dale Carnegie is one of my favorite books that teach you to get rich. When I say that, people are often surprised.
“But that book is not about money,” people say. That’s correct, it’s about worrying less.
And to get rich, you can’t worry all the time. You need to be in a worry-free state of mind to build wealth.
In this article, I talk about 7 other books that helped me build long-term wealth.
↳ 8 Books That Teach You To Be Rich
One interesting thing
I’m not listening to many podcasts right now. But the one I’m really loving is The Always Sunny podcast. I absolutely love their sitcom, It’s Always Sunny in Philadelphia on FX.
This podcast is really fun if you’re a fan of their type of comedy. I prefer watching their episodes on YouTube.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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.
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Join here: dariusforoux.com/stay-centered