A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
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Notes -
I know exactly what you mean now. Thank you for elaborating.
We (the human mind) spend so much time avoiding truths, even though it's typically just the contortions and denials and delusions around truths that really cause lasting trouble. The truth itself can be painful but that's typically temporary, while it sets us on a direction to making real change, instead of being somewhat comfortable inside an illusion while living in some sort of quiet desperation underneath. "One day my time will come", one day I will emerge from the cocoon a beautiful butterfly. Then suddenly you're 80 and forced to soon pass on. Well, you've then successfully avoided the truth and the most sensitive inner work long enough, so you kinda passed that test, but you'll have missed out on a fully lived life, too.
POOs carry a heavy weight. Once you're over that treshold of starting to lose weight though, it becomes easier and easier. Notice how the body positivity movement lost steam after those new drugs made it much easier to lose weight. Those people didn't have the fortitude to get over the treshold, but then the drugs helped them and their BS copes built around the problem weren't so necessary anymore.
It's definitely terrifying to take responsibility, or just realize that you always had it, over your own savings and everything you did or might do with them in a market. There are strong fears involved. Even greed/FOMO is a fear of not having enough. Learning to invest becomes way harder than it 'should be'. There's not all that much to learn, simply knowledge-wise, but the way to get there is like walking through deep mud, and you'll be convinced to go backwards or in the wrong directions at times, adding to the time and willpower needed to pull through and become a consistent winner.
It may be partially because of what I mentioned with the counter-intuitive nature of it, but perhaps also because being in charge of stored up resources for future survival was a (more) deadly serious thing back a few thousand years ago. If you somehow messed up or destroyed or gambled away the tribe's resources, you'd probably get killed or exiled to likely die in the wilderness. So taking full, personal, singular responsibility for what to do with the resources, rather than sharing responsiblity or blaming some one some thing else, is very fear inducing.
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