Morgan Housel, the best-selling author of The Psychology of Money (highly recommended) has dropped his latest book Same as Ever: A guide to what never changes. The book encourages readers to seek timeless principles rather than chase fleeting trends and predictions – something that’s always a nice reminder for those who are playing the long game of life. If you want to get a taste of Morgan’s wisdom before investing in one or both of his books, you can catch his podcast which is also one of my favourites. Housel shares short and meaningful observations (8-15 minutes) that always yield great insight into money and life.
Read on for some other thoughts and ponderings we thought you might enjoy this month.
The Multi-stage Life
The pandemic has upended many of the traditions we held about ‘retirement’. Increasingly, life and work are integrated. Work becomes something you dip into and out of. Older people are embracing new options. This article suggests making a life that works for you, not what worked for your parents.
Time Affluence
Stepping off the treadmill has its advantages. One is creating the space to become a beginner again. Suddenly you have the room to learn new skills, meet new people and discover new places. Chip Conley, in a new best-selling book, argues that experiencing new ‘firsts’ can stretch your sense of time.
Finding What’s Important
A good financial plan defines not just your material goals but what’s important to you. Those who define themselves by their work often find to hard to adjust to retirement. That’s why it’s important to discover a sense of purpose beyond paid work in your later years, as this article describes.
Uncertainty is Overrated
For many people, uncertainty is something to avoid or at least mitigate. But what about the positive things that uncertainty can bring? Without it, there would be no surprises, no joy in watching sports, and no 10% average annualized return on the stock market over the past century.
Meet the team: Cale Jones
Born and raised on the family’s Poll Merino stud, Belka Valley Farm, in Bruce Rock, Cale completed his secondary schooling at Wesley College in 2016. After a few years in the retail workforce, he began his studies at Curtin University, majoring in Finance and Financial Planning.
Cale is in his final semester at Curtin and having now joined the team full-time, he recently announced his engagement and will tie the knot in September next year.
You can find out more about Cale here.