Books read:
📖 The Bell Jar by Sylvia Plath
📖 The Art of Spending Money by Morgan Housel
📖 A Bad Idea I’m About To Do by Chris Gethard
Posts published:
February 5
🎧 118: Resenting Friends, the Grammys, and Punxsutawney Phil - Staying Up Pod
If you’re starting your luteal phase, progesterone can make you tired. Try going to bed 30-60 minutes early, as you might need 30-90 minutes of extra sleep.
Transcript:
Cammie Scott
Then I realized that I just started my luteal phase and that because of progesterone makes you really really tired so it says it’s good to either try to go to bed between 30 minutes to an Hour early because you normally need like 30 to 90 minutes of extra sleep around this time heard jeff and that made sense because i think i woke up about 90 minutes later than i normally Would crazy girl yeah crazy girl so listen to your bodies
February 4
🎧 Epstein Files Fallout, Trump’s Fed Chair Pick, and Musk Merger - Pivot Pod
Scott and Kara are talkin’ about Trump’s potential pick for Fed chair. Scott defines a “hawk” as someone more concerned about inflation than lower growth, who’ll keep interest rates high longer, even if it means errin’ on the side of lower growth to mitigate inflation risk. There’s concern Trump’s pressure might lead to prioritizing inflation over growth.
Transcript:
Scott Galloway
Explain what a hawk is. He’s got- Well, someone who’s more worried about inflation than lower growth, someone who will keep interest rates high longer than maybe they should, they err on the side of lower Growth, but less risk of inflation. And everyone is really worried that Trump is putting pressure and would rather err on the side of inflation.
February 3
You aren’t thinkin’ about the biggest risks in your personal life. Protect yourself financially by saving more than you think you need. If you’re only saving for the events you can foresee, you’re not ready for the surprises, which are always the biggest risks. A higher cash balance gives you a chance to stay invested when things get tough. This prevents you from sellin’ and havin’ a financial scar from dumpin’ stocks at the bottom. The hidden return on cash—from sleepin’ at night and bein’ there when you need it—can be enormous.
Transcript:
Morgan Housel
The biggest risk in your personal life and throughout the economy are things that you are not talking about and nobody sees coming. The biggest economic stories in the last 25 years were 9-11, Lehman Brothers going bankrupt, and COVID. And the common denominator of all three of those is nobody saw them coming until the moment that they happened. And same with Pearl Harbor, same with like all the big events are the ones that are unforeseeable. And in your personal life, your individual life, nobody gets married thinking they’re going to be divorced. No 25 year old thinks they’re going to die of cancer in the next 10 years. Go on down that list. The biggest risk in your personal life are things that you are not thinking about today. Because of that, the only thing that you can really do financially to guard yourself and protect yourself in that world is have a level of savings that seems like it’s too much. Like if you are only saving for the events that you can foresee, then by definition, you’re not prepared for the surprise. And the surprise is always the biggest risk. And so when I save money, or if a financial advisor were to look at my asset allocation, they might say, what are you saving for? You saving for a house? You saving for a new car? And my answer would always be like, no, I’m saving for a world in which the biggest risk is always what I don’t see coming. I have no idea what the next COVID is gonna be, what the next 9-11 is gonna be. And if I only have enough cash for the risks that I can foresee in front of me, I’m gonna be caught off guard. And so the other thing about that is that if you have a higher cash balance, it gives you a fighting chance to keep invested in the stocks that you own. The only thing that’s going to matter for the investments that you own over the course of your life is whether you can remain invested when shit gets real, when shit hits the fan. That’s all that matters. And if having 35% cash means that when the stock market falls 50%, you’re able to leave it alone because it’s not that big a deal and you have this cash, this liquid savings, then actually The return on that cash is much, much higher than the 3% you’re getting in your savings account. If it prevents you from selling and having this unbelievable financial scar from dumping your stocks at the bottom, then the actual return, the implied return, it’s a hidden return That you earned on your cash, might be 10% or 20%. And so that hidden return on cash from letting you sleep at night, from being there when you need it, and preventing you from dumping your stocks at the worst possible time can be enormous.
February 2
📰 Just Go Do the Thing by Oliur
I don’t think most people realise how much time they waste trying to optimise something they haven’t even started yet. You can’t optimise zero.
Logosystem — Cool website curating awesome logos.
Variant.ai — The first AI design inspiration site I’ve seen that actually produces nice looking stuff.
February 1
📰 33 and NYC by Lily
33 is a special number. I tell people that I’m the same age Jesus Christ was when he was crucified. They always laugh in response. I’m not sure why, since I’m just as important as Jesus.
I have to say, it’s incredible to quit a great paying job on a whim. My 18-year-old self did my 33-year-old self a real solid.
📰 Like Father by Danny Oak
But my greatest fear is that it won’t hurt that much — and what that might say about me.
Book a call: https://go.beckyisj.com/30min
Some links are affiliate links, meaning that I may receive a commission if you make a purchase through the links at no cost to you.