Weekly Mixtape For July 31st, 2022

“The headlines that may or may not be impacting your financial plan and portfolio.” https://youtu.be/IHuTKVuHnvo Week In Review Articles The WSJ: Fed Lifts Rates by 0.75 Point Again The WSJ: U.S. Stocks Rise, Giving S&P 500 Best Month Since 2020 The WSJ: Rich Americans Keep Borrowing, Defying Economic Gloom The WSJ: Single Ticket Wins ​$1.337 Billion Mega Millions Jackpot https://twitter.com/DeadCaitBounce/status/1552465759317655552 Weekly Mixtape Morgan Housel: Tails You Win "A takeaway from that is that no matter what you’re doing, you should be comfortable with a lot of stuff not working. It’s normal. This is true for companies, which need to learn how to fail well. " Jonathan Clements: Now And Them "But in the end, managing time is more important than managing money, because time is the ultimate limited resource. I should lead a more balanced life. I know that intellectually. But I’m still trying to convince myself." Young Money: What Recession? "The extent to which you believe our economy is cratering has more to do with your perception of reality than reality itself. The more that you normalized the euphoria of the last few years, the stronger your negative feelings will be." Dr. Joy Lere: The Struggle With Solitude "When we get uncomfortably honest about why we don't want to slow down, I believe it's because, on some level, we are terrified. If you pay close attention to yourself, what might you learn? There is a lot people are afraid to discover." A Wealth Of Common Sense: Why The Financial Goalposts Are Always Moving "Moving the financial goalposts is an odd paradox of the human experience. On the one hand, it’s a good thing we’re so driven to improve our place in life. The drive to get better is what fuels innovation, growth and progress. But those same attributes can also drive you mad if you never feel satisfied with your accomplishments or blessings." Your Brain On Stocks: "Some Worry" s "The implication being that if “some worry” about that possibility, then perhaps more should also worry. So if we’re not super worried, should we be worrying? Are “some” smarter than us? If “some” are doing something, should we be doing something? Before we know it, we’re inhaling the secondhand worry, absorbing the negativity via osmosis." All About Your Benjamins The Podcast: The Next Episode--Cogli L' Attimo Disclaimer: Nothing on this blog should be considered advice, or recommendations. If you have questions pertaining your individual situation you should consult your financial advisor. For all of the disclaimers, please see my disclaimers page.