Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#95 – October 30, 2023
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Wise: Preventing depression
New research has shown our daily habits and lifestyle choices make a huge impact on our mental well-being.
This is something many people expected, but not it’s also scientifically proven. Your actions can lower the risk of depression.
In a recent edition of Wise & Wealthy, I briefly shared 7 lifestyle factors that reduced the risk of depression by 22%. That’s a significant change.
These are the factors again:
- Moderate alcohol consumption
- Healthy diet
- Regular physical activity
- Healthy sleep
- Never smoking
- Low-to-moderate sedentary behavior
- Frequent social connection
I wrote a new article where I break down each factor and share tips for incorporating every factor in your life. For some of us, that means we can actually prevent depression.
Wealthy: Wealth mindsets
In the 2008 movie Yes Man, Jim Carrey’s character decides to say yes to everything in life to let go of his negativity after attending a self-help seminar.
From that point on, everything in his life changes. He gets a promotion at work, starts traveling, you name it. But randomly saying yes to everything isn’t a strategy.
However, there are ways you can go from ordinary to wealthy.
A good example is the investor, Mohnish Pabrai, who grew up in India. Pabrai’s family often struggled financially. That made him financially cautious and highly risk-averse.
He started his business while working a full-time job. And only quit his job when his business had enough revenue to easily sustain him.
Pabrai was cautious, but he also took action. I call that mindset, “Growing from your comfort zone.”
That ensures you build wealth from a place of strength and comfort.
In my new article, I share two other mindsets that make ordinary people wealthy.
One interesting thing
I’ve been reading more about Epicurus, the philosopher who’s known for promoting a life of pleasure. But he didn’t promote all pleasure:
“Gratitude is due to blessed nature because she has made life’s necessities easy of acquisition and those things that are difficult of acquisition non-necessary.”
Good pleasure like exercising, learning, and spending time with loved ones is easily achieved, while bad desires are difficult to get (like fame, status, and a lot of money).
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.
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