Seven-Bullet Monday - May 23, 2022
Here is your Seven-Bullet Monday
1. A quote I am pondering:
“Impressing people is utterly different from being truly impressive.” ― Ryan Holiday
The need to impress others mostly comes from being insecure and uncertain of our true identity. Once we learn to like and love ourselves, while keeping our ego in check, we can be more comfortable with who we are and not worry about what people might or might not be thinking about us.
2. A question I am asking myself:
How do I learn as much as possible today?
If I can keep a curious mindset, it will make my daily experiences and encounters both more interesting and informative. It also gives me more to look forward to each day, expecting discovery and learning.
3. A book I am reading:
Eat Like a Fish: My Adventures Farming the Ocean to Fight Climate Change – Bren Smith
I accidentally discovered this book while researching a different topic. The title was intriguing, so I decided to give it a go and was happy I did. It is in part Bren Smith’s autobiography of transforming from a hardened Newfoundlander fisherman to a sustainable sea farmer of kelp, mussels and oyster. It is also a manual for ocean aquafarming (not fish farming), and how this has incredible potential to feed populations and positively impact global warming. It is a delightful book that made me want to visit Newfoundland and eat more shellfish and kelp.
4. My favourite podcast this week:
Impact Theory – Do this every day to melt fat away and build muscle, with Stef DiStefano
This podcast is for those interested in understanding the benefits of resistance training versus aerobic exercise and which is more effective for sustainable weight loss. It reinforced my intention to increase the level of resistance training in my life while helping me understand more of the why.
Don’t try and jump off the rollercoaster mid-ride
With stock markets having fallen 20% in 2022, most investors are grimacing as they see their net worth plummet and wonder how much more is to come. It is in falling markets where value investors start to diverge from the pack. That’s because they are considering the underlying values of the businesses they own, not their short-term market valuation. Their view is good businesses will prove their worth over time, and the market prices will eventually reflect that value. They might in fact like lower prices because they can buy more of their chosen investments. This approach takes fortitude and a long-term view when other investors are trying to cut their losses.
This is where riding a roller coaster is an excellent metaphor for stock market investing. Riding prices up, down and around is an emotional roller coaster ride. And, like you would choose carefully when to exit a roller coaster, so should you think twice about unbuckling your seat harness when the market is screaming downhill. On average, the market has gained 10% per year over many decades, but there were many ups and downs along they way. That means you have to hold onto your investments to achieve those gains. As someone said, the stock market is a mechanism for transferring wealth from the impatient to the patient, so take your time making your decisions, no matter how fast the market seems to be moving.
6. My highlight this last week
Attending a 90th birthday party
I attended a 90th birthday party in Alberta this last weekend for Aunty Betty. It was a joy to see this spritely lady hosting a 200 strong crowd of relatives and friends and watch her bopping around the dance floor until the live band was no more. The highlight of the evening was when she got up on stage with her homemade willow-branch percussion kit and drummed out a rock song with the band. Who says you can’t rock into your 90’s? Aunty Betty sure has!
7. My challenge to you for this week
Think about who or what might be stealing your time and do something about it
We would not let someone take $50 out of our pockets, so why do we tolerate people, mainly marketers, stealing our time? Over the last year, I have taken a firm line on who I let into my communication world. That includes junking and blocking senders of unwanted emails, ignoring the invasive notifications on my social media apps, and not answering phone calls if I don’t recognize the caller. My inbox is now much more manageable, and I reckon I have given myself 30 to 60 minutes back each day. I recommend you give it a go, so you can spend less time at other’s behest and more time on what means the most to you and your loved ones.