Sounds familiar, and why one of my core money scripts is putting up guardrails to secure your most important needs when you achieve some financial security, and don't get out of control on spending. A luxury tried usually becomes the new bare minimum baseline, for your kids too.
Another pal calls this ''bunker capital" - as in don't buy the boat until you've got sufficient bunker capital to keep your lifestyle if it all goes to hell
I'm young, of "the smartphone generation," nonetheless I've already had to use a few proverbial quarters. Going to zero (or sub-zero), especially when you're younger is one of the most liberating professional experiences you can have. Great piece as always.
I'm now reminded of a few other real estateurs that thrive on the exhilaration of potential (and actual) collapse. Your point is going to zero can be healthy, even if - or especially if - you didn't want it. And I agree, no better way to to build self confidence and resilience than by getting back up - then the scaries lose their power.
Sounds familiar, and why one of my core money scripts is putting up guardrails to secure your most important needs when you achieve some financial security, and don't get out of control on spending. A luxury tried usually becomes the new bare minimum baseline, for your kids too.
Another pal calls this ''bunker capital" - as in don't buy the boat until you've got sufficient bunker capital to keep your lifestyle if it all goes to hell
Yes. This is vulgar, but I still like the message.
https://youtu.be/XamC7-Pt8N0
could be a business school class, condensed.
Whenever I see you posted something, I stop whatever I’m doing to read your post.
Thank you Nani - that means a lot. Appreciate you tuning in!
I'm young, of "the smartphone generation," nonetheless I've already had to use a few proverbial quarters. Going to zero (or sub-zero), especially when you're younger is one of the most liberating professional experiences you can have. Great piece as always.
I'm now reminded of a few other real estateurs that thrive on the exhilaration of potential (and actual) collapse. Your point is going to zero can be healthy, even if - or especially if - you didn't want it. And I agree, no better way to to build self confidence and resilience than by getting back up - then the scaries lose their power.