February 14, 2017

How To Stay Focussed On The Big Picture

Category: Financial Freedom
This week’s lesson covers availability bias – which really means believing the information you have at hand – even if it’s not the right information to make a decision upon.

This is as true in life, as it is in investing. However, with the advent of the media and its sensationalised version of events, I do believe it has become harder to ignore this information. I remember watching the news around the time the GFC was happening and my heart rate increasing as it really felt as if the world was ending. So too, when Trump was elected.

However, it wasn’t, and it didn’t. If you believe the alarmist information at hand you may never truly invest for the long term again.

So how do you cut out the noise, and stay focussed on the bigger picture?

For a start, I believe in setting a strategy with a quality financial adviser – one that lasts the distance of your long-term financial goals. You need to understand the strategy and more importantly, stick to it.

That’s it. Don’t question it, regret it or second guess it. If you believe in the ability of that strategy to create the long term wealth you need, then hold steady.

Sounds easy right? But it’s harder than it sounds. Staying the course is like sailing the ocean – it’s never all smooth seas.

I have gotten to the point where I ignore large chunks of the news. Not because I don’t care, rather because I care a lot.

I spoke in my last blog about the lessons we need to unlearn about money to create real wealth. Well, this is a classic example.

Don’t believe what everyone is saying. Get great advice and stick to your strategy. Cutting out the noise, and deciding not to waste emotional energy on worrying about the day-to-day, is a classic lesson to unlearn.

While it’s not the only one, in this day and age, it’s a big one.

Leave a Comment

  • From Kids Debit Card on Changing Conversations You Need to Have with Your Kids

    The goal of the following article is to assist parents have meaningful conversations with their children about money and financial literacy by providing them with practical guidance and useful recommendations. The author discusses goal-setting, budgeting, saving, and investing, and offers advice on how to have these discussions with people of varying ages. The essay is informative and easy to read, making it a valuable tool for parents who want to teach their children about money.

    For More Info:-https://busykid.com/kids-debit-card/

    • From admin on Changing Conversations You Need to Have with Your Kids

      Thanks for your comments!

  • From Gale Pickles on It Was the Best of Times, It Was the Worst of Times

    So enjoyed this, I will share if that’s okay with you, many of my friends will benefit from your journey.
    Many Blessings for 2023
    ♥️♥️♥️♥️♥️

  • From ScottViabe on Three ways to embrace change to improve your life

    Hi all! This is a good site.

  • From David Horton on How Finfluencers are teaching millennials and Gen Z about money

    And once again the regulator finds a way to stop ordinary people from getting advice by placing high costs on people who do the right thing. If a finfluencer is actually trying to scam someone, it would not be hard to operate outside Australian jurisdiction.

    • From admin on How Finfluencers are teaching millennials and Gen Z about money

      They definitely have a place. People need advice and many are working on it to be more accessible. Watch this space!

  • From Camelia on IT'S NOT TOO LATE FOR YOU

    It’s never too late to learn something new and to start all over again. Unless you’re dead, you can do it.

    • From admin on IT'S NOT TOO LATE FOR YOU

      So true

Each day I wake up excited to inspire everyday people to open up and take control of their money, regardless of their history, goals, or savings amount. About Vanessa >>

Book

Discover a new way of seeing
life & money.

Download the first 3 chapters for free

Download

Related Articles

Five Ideas to Help Ease Financial Stress

Financial stress can weigh heavily on our minds, impacting our overall well-being and happiness. However, there are steps we can take to alleviate this burden and pave the way for a more secure financial future. Here are five practical tips to help...

The Silent Struggle: How Financial Stress is Taking a Toll on Mental Health

  In a world where the cost of living seems to skyrocket by the minute, the silent struggle of financial stress is taking an undeniable toll on people’s mental well-being. As someone deeply invested in financial literacy and well-being,...

The real cost of money worries? More than a penny for your thoughts.

  Angie was nestled amongst the cushions of Nick’s luxurious sofa, wrapped in his plush bathrobe, a temporary substitute for his embrace as he took to the kitchen to brew a perfect mug of coffee. She loved that recently, Friday...