When we outsource our activities (e.g. food delivery, grocery delivery) we need to ask ourselves are we indulging ourselves or saving time so we can make more money. Many of these services have hidden costs, and also prevents us from experiencing the psychological pain of physically paying for things.
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On the surface it does look like gambling, but in the long run you have better odds opposed to gambling (remember the house always wins when it comes to gambling). It's still risky but not as risky as gambling. So remember, invest for the long term (including don't panic) and diversify your holdings. [By the way I love this series done by PBS] 5 Types of Spenders:
Sometimes we should allow our kids to question conventional wisdom, and also to question them instead of giving them the received wisdom. Here are some of the types of planning we should do before retiring:
Income Planning
Investment Planning
Tax Planning
Healthcare Planning
Legacy Planning
(Inspiration Source) Here are 5 biases we should avoid as leaders/decision-makers:
(Inspiration Source) Here are some things to consider once we have children:
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AuthorLate 30s. Dad. Thinking about life, family, work, and retirement. Sharing those thoughts with others Categories
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