February 9th, 2024
First, a joke:
I was going to tell you guys a time-traveling joke...
But you guys didn't like it.
And now, a plea:
Considering how tension thrives when it comes to financial planning...
How might you deal with it?
Ever since learning that economics is essentially the study of balancing limited resources (time, attention, property, money, and so on..) with unlimited wants (or "financial goals” if you will 🤏), my perspective is that tension is just part of the deal when it comes to financial planning.
Things get really whacky when you consider how this balancing act between unlimited wants and limited resources happens while also viewing things from present and future points of view.
Combine this with the knowledge that we tend to stink at making decisions during bouts of chronic duress, and it makes perfect sense that personal finance ranks near the top of the list of things that stress Americans out the most year after year.
The nice thing about that trend is that there don't seem to be any voices suggesting that you avoid seeking help about it. In other words, consider the matter “normalized” 😎.
So one way to deal with the existence of tension in financial planning is to stop denying its existence in the first place — it certainly seems like we're on our way and heading in the right direction.
Anyway, please feel welcome to share your thoughts by sending a brief note to email@example.com.
Thanks for your time and have a swell rest of the day.
Cody L. Ward