Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#73 – May 29, 2023
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Wise: Things I underestimated
Ralph Waldo Emerson said this about gratitude:
“Cultivate the habit of being grateful for every good thing that comes to you, and to give thanks continuously. And because all things have contributed to your advancement, you should include all things in your gratitude.”
It’s so easy to get caught up in our daily routines and responsibilities that we forget to show appreciation for the people, things, and experiences we have.
Because as Emerson said, everything (good and bad) in our life contributes to who we are and where we are in life.
This is something I didn’t appreciate until recently, to be honest with you.
I thought, “I’m a grateful person. I say thank you a lot.” But that’s not enough. When I was reading Emerson, I finally realized I was NOT grateful for many things in my life. I’m glad I realized it now.
In my latest article I share some of the important things I’ve underestimated in my life for way too long, and how appreciating these lessons made me happier.
↳ Things in Life I Underestimated for Way Too Long
Wealthy: Stock market truths
When I started investing in 2007, I bought my first stocks without much research.
In fact, I did more research on buying my first flat-screen TV than on which stock to buy.
Over the years, I met a lot of folks like myself. You somehow hear that the richest people in the world are investors 9 out of 10 times, and you think, “I need to get in on that.”
You watch CNBC for a few days, look at what stocks they talk about, and you end up buying the one you think is a “sure thing.”
That’s not an investing strategy!
We can avoid the fate of stock market investors who lose money by educating ourselves. Investing in stocks is not that complex.
You just need to know the right things.
↳ 11 Things Every Stock Market Investor Should Know
One interesting thing
I saw a fascinating stat about AI over the weekend on Pew Research.1Source: Pew Research
Only 58% of Americans have heard of ChatGPT.
Of those people, only 12% have used it for work.
AI is still very alien to a lot of people. The earlier we learn how to use it properly, the more we can get ahead.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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