Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#69 – May 1, 2023
Was this shared with you? Sign up here:
Wise: Systems vs flexibility
Don’t set goals, create systems. Systems trump flexibility. This is a popular idea amongst people who share advice online.
The idea is that you’re more consistent if you rely on a set of daily actions/habits that you execute without much thought instead of working towards goals.
I like systems. But they also have a downside, which is the risk of becoming rigid.
And in today’s dynamic world, we should remain flexible.
When you’re too rigid, you won’t adapt. That’s why you’re better off if you create flexible systems in your life, career, and business.
I write about how in my latest article.
Wealthy: Emotional freedom
For the longest time, I thought that having financial independence was the answer to everything.
“I wish I had more money!” was my motto. Then, I acquired more money and I still had the same issue about life.
We assume that financial freedom also makes you emotionally free. That’s not true.
What is emotional freedom, really? To me, it’s living life on your terms. Making your own decisions and feeling good about them.
Not feeling guilty. Not succumbing to social pressure. Having a strong moral compass and always doing the right thing.
That’s something you can accomplish without being rich.
One interesting thing
Arnold Schwarzenegger’s book, Total Recall: My Unbelievably True Life Story, came out in 2012. And I remember reading it, and my favorite idea from the book was this:
“Don’t go where it’s crowded. Go where it’s empty. Even though it’s harder to get there, that’s where you belong and where there’s less competition.”
I still think about that to this day. I constantly make an effort to go where it’s least crowded. I apply it to every area of my life.
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