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.
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…
Taking the time to clear your head of bad money habits and perceived inabilities, then setting some directions for your financial future, will make everything that follows easier.