Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#105 – January 8, 2024
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Wise: Writing daily
The transformative power of writing daily is something I can’t emphasize enough. Since I started writing every day, my life improved tremendously.
In my new article, I share 12 benefits of writing daily that I’ve experienced. Let me give you my top 5 here:
- More Self-Discipline: Maintaining a daily writing habit requires discipline. This practice can spill over into other aspects of your life, helping you stay committed to your goals and routines.
- Self-Confidence: As you improve your writing skills and receive feedback from people, you naturally become more confident. This confidence extends beyond writing and seeps into other areas of your life, improving your overall self-esteem.
- Empathy and Understanding: When you write for an audience, even if it’s just one person, you naturally start seeing things from their perspective. This shift in viewpoint sparks empathy, allowing you to better understand your readers, customers, colleagues, and even friends.
- Reflection and Growth: Writing is a form of self-reflection. It’s like holding up a mirror to your life and actions. That’s because you are the result of your thoughts. You’ll be surprised at what you discover about yourself and the changes you’re making, consciously or otherwise.
- Clear Thinking: Our minds are a maze of thoughts and emotions. Writing provides a way to navigate this maze. It forces us to clarify our thoughts and put them in logical order. It’s like tidying up a cluttered room – things make more sense when they’re in their right place.
Give it a try.
You may be surprised by the transformation that follows when you start writing every day.
Wealthy: Stock market metaphors
Investing in the stock market can be scary. It’s a combination of big promises, jargon, fear, greed, and mostly, a lot of opinions.
Everyone’s an expert. I recently read that Gen Z gets their investing advice from their friends. That sounds terrifying because it’s mostly a matter of blind leading the blind.
But it doesn’t have to be. Investing in stocks is not that complicated.
So instead of using investing jargon to explain it, I wrote an article with 3 metaphors that explain investing.
Here they are briefly:
- The Stock Market as Farming: The concept of sowing and reaping is central to both farming and investing.
- The Stock Market as a Board Game: Investing is a game of strategy, where wins and losses are part of the journey.
- The Stock Market as Creating Art: There is no one way to create good art. In investing, there are many ways to make money.
More on every metaphor in my other new article.
One interesting thing
The fix is quite surprising. The researcher suggested that, “Walking and other automated activities can boost your energy levels and help you to concentrate on the meeting.”
I can attest to this. I’ve been using a treadmill desk for a few years now and it definitely improves my focus and energy.
My setup is very simple. It’s a height-adjustable desk from Ikea with a foldable treadmill from Xiaomi underneath it.
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