#19 The Family Fable | Happiness Mentality | Tax Efficiency in Investing

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Financial Foursight

Business


In today's episode, the guys discuss a family fable and why it's important to not forget why you truly are doing things and why we often overlook those important factors. S/O to Jeremy Walter for the post. https://calibratingcapital.com/a-50-family-fable/ The Tweet of the Week - https://twitter.com/DanaSchwartzzz/status/1196130242139578370 "Here's a thing I've learned: The terrible thing about [publishing a book/getting your dream job/starting a new relationship] is you wake up the next morning and you're still you. If you're not happy where you're at, no external accomplishment is going to change that. I spent a lot of time with a "diet starts on Monday" mentality for happiness: I'll be happy/clean my room/start keeping track of my finances/start exercising as soon as....... fill in the blank of a new "fresh start" accomplishment. I wasted a lot of time."  Finally, we discuss investing and why capital gains are so important and it's what you keep not what you earn. Ensure you know what you own and why you own it. ETFs are on average much more tax-efficient in non-retirement accounts.  https://twitter.com/IDFinancial/status/1194747644477878273