Our brain instinctively defaults to addition and complexity when problem-solving. Understanding how this knee-jerk reaction messes with your finances will help you increase your wealth and reduce your stress. Who doesn’t want that?
I want to show you that you can have it both ways. You can have great riches amassed through the capitalist system (the stock market). And you can have a huge impact on your family, community and the world, by using your riches to become financially independent.
It doesn’t take much to distract you away from categorising your credit card spend, so here are 12 good distractions to expand the mind. Usually better than scrolling.
It isn’t money that will kill you but the stress around money. Even before the pandemic, expats had astonishing levels of heart disease, diabetes and cancer. These are to a great extent lifestyle diseases accelerated by stress and the unhealthy living that stress can encourage.
Through the darker, more difficult parts of the journey, the benefits of FI can help you pull through. Think of how much more time you will have to spend with family and friends. Think about what impact you can have on the world. That’s what Sebastien really cares about – it’s all very well amassing spare time and money, now what are you going to do with it?
You have to train your brain to accept that yes, you will become great with money, you will stick to the path and you won’t let your monkey mind get in the way.
Countless studies have shown that two people make better financial decisions than one, by offsetting each other’s unhelpful biases. Too much risk vs not enough risk. Too much spending vs too much miserable cash hoarding. Too much trust in a financial advisor vs healthy cynicism and reading of the small print. If you have a partner, do it together.
In an ideal world, you need to prepare for moving countries over a year in advance. If it comes at you unexpectedly, then do what you can. Here is a short guide to help you with this daunting task.
Dragons love to sit on their big pile of cash, gold and property. But their excess cash gets eroded by inflation and they miss out on stock market growth.
There’s a formula for working out when you’re ready to quit. It might be sooner than you think! Especially if you’re an expat. Learn here what they don’t teach you at school…