What I have been reading - 23rd September 2019
There was a lot of good stuff this week. Here are a few of the things I hope you will enjoy:
5 Ways to Destroy Your Wealth: A one minute read. How many of these are you guilty of?
Funding the pivot: Do you want to 'pivot' out of what you are currently doing? You will enjoy this article that walks through some of the important steps. As someone who has done this, I can attest to how critical it is to think this through. "When starting a business, finding a new job, or embarking on a new adventure, you have to find a way to land the plane back on the carrier safely. Financial and career stress can create a difficult decision-making environment and can have devastating effects on one's family and personal legacy. The first way to mitigate this risk is by taking an inventory of the tools and resources you have at your disposal."
A financial plan is about much more than investing: Here one advisor talks through a different aspect of a financial plan - paying off debt. It is always a focus of the planning I do with clients because quite frankly, I have never heard anyone say 'I wish I hadn't paid off my mortgage'. Paying down a large amount of our mortgage over the past 5 years is part of what gave me the confidence to launch my own business. I am not sure I would have done it with $1m of debt.
The Finality of Everything: No words can do this article justice. Read it for yourself. "Understanding the finality of everything brings a clarity that only a wiser version of myself can bring."
Fat, Happy, And In Over Your Head: A reminder about "enough" told through the story of WeWork and a retired ski racer (and Jerry Seinfeld). "Jerry Seinfeld, who ended his show when its future was bright, said the only way to know where the peak is is to experience the downturn, which didn't interest him. He had enough."
Should we take a few long holidays, or lots of short ones?: Tim Harford, The Undercover Economist, answers an important question. And the answer surprised me.
Audrey Gelman celebrates being first 'visibly pregnant CEO' on business magazine cover: Who would have thought, a woman can have a baby and be a CEO!