Obsessed

I’d like to start this post with a quote from Conor McGregor fitting right in:

conor

I’ll add a quote from Felix Dennis:

Most people don’t want to be rich.”

At first, I didn’t fully grasp the meaning of the phrase. But, after some thinking, it actually is very true. Very few people have the dedication and persuasion to chase what they want. I see it every day in daily life. Things are too hard, people are tired, want to have fun or don’t want to put in the effort. No one will throw everything into your lap. Nothing worth having comes without effort. Sacrifices are unavoidable. Did you ever reach something awesome without hard work?

Research showed that 74% of the 18-34 year olds in Belgium does not invest. This is in my opinion the most interesting target group, as this lays the foundation for wealth and a maximum compounding effect. Of the remaining quarter that does ‘invest’, only 18% decided to go with stocks. The rest does put some money in mutual funds, bonds or low yielding tak 21-23 products. I was astonished by this numbers. This means only 4,68% does invest in money making assets with potential. Taking the whole Belgian population into account, this amounts to 9% which is still really low.

During my study time, there were a lot of people with higher grades than me. Not only because of luck, but mostly because they had a better understanding of the matter. So I would expect them to be good on the stock market as well, or at least have an understanding of it. Truth is: they don’t and it’s a missed opportunity. How is it possible that smart people don’t figure it out for themselves? Lack of interest, knowledge, scared?

4460960-27614568

But the actual point of this post is about finding a balance between investing and living your life. The thing is, I love the game of investing. However I do not think one should love investing to actually invest. Going with an all-world or s&p500 ETF might provide very decent returns as well with few to zero activity needed. Sometimes I’m having trouble between deciding to live in the now vs investing. I try to allocate as much cash flow as possible towards my stock portfolio and thus we meet the opportunity cost. I’m not a man who needs lots of stuff to feel good, but I do appreciate quality and soundness in products. When I’m considering to buy something I often compare the price to a stock. Last week I was looking at new shoes and the price was approximately the same as 1 AB InBev share. I preferred the 1 share above a new pair of shoes.

AB-InBev-topmerken (1)
Does this make me an alcoholic?

Normally I don’t have problems to restrain myself from buying items. What does make it a problem for me is if it could have an impact on my social life. Let’s go on Saturday to an adventure park, dine at a restaurant, continue the evening in the movies theater and finish with some cocktails. That’s all fun and games but in the end of the evening you’re €120+ out of the pocket. I do however not like it to refuse an evening out or say no to a social event.

How do you handle this problem? Do you make a weekly/monthly budget for social activities or events? Do you sometimes regret not being able to go out when the budget is zero, even though you do have cash available?

Advertenties

Een reactie op “Obsessed

  1. Troy @ Bull Markets

    I read this tweet a while ago “most people aren’t where they want to be, but are right where they’re supposed to be”.

    Most people give up too easily. In order to be successful at anything, it’s important to be completely obsessed by that goal. Otherwise it’s too easy to give up when things go south.

    Liked by 1 persoon

Geef een reactie

Vul je gegevens in of klik op een icoon om in te loggen.

WordPress.com logo

Je reageert onder je WordPress.com account. Log uit /  Bijwerken )

Google+ photo

Je reageert onder je Google+ account. Log uit /  Bijwerken )

Twitter-afbeelding

Je reageert onder je Twitter account. Log uit /  Bijwerken )

Facebook foto

Je reageert onder je Facebook account. Log uit /  Bijwerken )

w

Verbinden met %s