Money Blind
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  • The Book
    • Introduction
      • Revolutionising your relationship with money
      • Better money decisions, step by step
      • The slow suicide of monetary self-deception
    • 1: Towards Financial Enlightenment
      • 1.1: Becoming Wiser with Money
        • 1.1.1: Becoming a better investor
        • 1.1.2: Financial philosophy: what is it and why is it necessary?
        • 1.1.3: The two types of financial errors
        • 1.1.4: What unites every money decision?
      • 1.2: The Root of All Deception
        • 1.2.1: Where does the path to good investing begin?
        • 1.2.2: Why focus on money?
        • 1.2.3: What other investment books miss
        • 1.2.4: Money Blind
      • 1.3: Money and the Good Life
        • 1.3.1: You are a brain surgeon
        • 1.3.2: The four types of knowing
        • 1.3.3: Putting knowledge to use: becoming practically wise
        • 1.3.4: What is the Good Life?
      • 1.4: Is the Good Life for Sale?
        • 1.4.1: Money. Huh. What is it good for?
        • 1.4.2: Is success for sale?
        • 1.4.3: Editing your life story
        • 1.4.4: From having a mind full of money to being mindful with money
      • 1.5: Money Maxims
        • 1.5.1: Resetting your relationship with money
        • 1.5.2: Principles
        • 1.5.3: Rules
        • 1.5.4: Triggers
      • Storytime: The most valuable knowledge in the world
    • 2: How to Have a Healthy Relationship with Money
      • 2.1: The Inner Game of Investing
        • Storytime: It. Never. Works.
        • 2.1.1: First per cent problems
        • 2.1.2: The only way to solve money problems
        • 2.1.3: Does financial advice help or hinder?
        • 2.1.4: How to stop financial rumination
      • 2.2: Misunderstandings and Lethargy
        • Storytime: Doubling down
        • 2.2.1: Expenditure is more important than income
          • 2.2.1.1: Universal basic instincts
          • 2.2.1.2: How to spend it, and not spend it
          • 2.2.1.3: The unexamined dollar is not worth a dime
          • 2.2.1.4: Adviser or enabler?
          • 2.2.1.5: The game of life is not a numbers game
        • 2.2.2: Enough is more important than more
          • 2.2.2.1 Give, give, give, me more, more, more
          • 2.2.2.2 If less is more, then more is also less
          • 2.2.2.3 Enough is enough
          • 2.2.2.4 Right place, wrong mime
          • 2.2.2.5 Enough is more than enough
        • 2.2.3: Value is more important than price
          • 2.2.3.1: Is it better to look rich, or be rich?
          • 2.2.3.2: Is it better to own or to rent?
          • 2.2.3.3: There is always an underlying emotional reward
          • 2.2.3.4: Selling style over substance
          • 2.2.3.5: Putting a price on real value
        • ↓ Coming Soon ↓
        • 2.2.4: All purchases are investments
      • 2.3: How You Do Anything Is How You Do Everything
        • Storytime: What do Blackheath people do?
        • 2.3.1: Beware the Arrival Fallacy
        • 2.3.2: Beyond needs and wants
        • 2.3.3: Denunciation is still attachment
        • 2.3.4: Take control
      • 2.4: All Success Is Subjective
        • Storytime: Hollywood Hero
        • 2.4.1: No human is an island
        • 2.4.2: What are you worth?
        • 2.4.3: Write your own success story
        • 2.4.4: Be your own hero
      • 2.5: Inspired by Love and Guided by Knowledge
    • 3: How to Invest Like a Non-idiot
      • 3.1: All Investments are Gambles
      • 3.2: Your Life in Your Money and Your Money in Your Life
      • 3.3: The Investment Universe in a Grain of Sand
      • 3.4: There Is No Best Investment
      • 3.5: No Investment is an Island
    • 4: How to Get Help That's Actually Helpful
      • 4.1: Help!
      • 4.2: (Almost) All Financial Advisers are Crooks or Idiots
      • 4.3: Know your Enemy, and Your Friends
      • 4.4: Should You Hire Help or Go It Alone?
      • 4.5: The Future of Financial Advice
    • 5: How to Buy a Better Life
      • 5.1: Be a Financial Philosopher
      • 5.2: The At-Least-I-Know-I'm-Doing-Something-Right Investing Checklist
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    • What this book is about
    • What this book isn't about
    • This book's logical flow
    • If... Then...
    • Stories
    • Maxims
    • Contact and comments
    • Editing guidance
    • Endnotes
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  • What this part isn’t about

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  1. The Book

2: How to Have a Healthy Relationship with Money

Because all the money and the best investment knowledge in the world will not lead to a Good Life if the thinking that shapes your relationship with money is flawed

Very many people spend money in ways quite different from those that their natural tastes would enjoin, merely because they feel that the respect of their neighbours depends upon their possession of a good car and their ability to give good dinners. As a matter of fact, any man who can obviously afford a car but genuinely prefers travel or a good library will in the end be much more respected than if he behaved exactly like everyone else. – Bertrand Russell, The Conquest of Happiness

So many people of wealth understand much more about making and saving money than about using and enjoying it. They fail to live because they are always preparing to live. Instead of earning a living they are mostly earning an earning, and thus when the time comes to relax they are unable to do so. – Alan Watts, The Wisdom of Insecurity

The main thing about money, Bud, is that it makes you do things you don't want to do. – Lou Mannheim to Bud Fox in Wall Street

What this part is about

How we use our money, our time, and our energy is the clearest and most honest expression of ourselves. Living well, fulfilling our potential, lies in aligning this use with who we truly are. A shame, then, that we are hard-wired to give it so little self-directed thought. Expend a little energy, invest a little time, and make a lot more out of your money.

Making the uncomfortable comfortable and creating confidence from the core – Money is a source of discomfort even for millionaires. Discomfort does not lead to the sort of good decisions that define a Good Life. This isn’t about learning to look, it’s about learning to see.

Taking control of your cash, rather than letting it take control of you – Expenditure is important as a diagnostic tool of money problems not a cure for them. It’s better to be possessed by purpose than possessions.

Knowing yourself and living in accordance with that knowledge – Revolutionise your relationship with money by changing the stories you tell yourself about it, and about you. Make your best stories better and the unhelpful ones redundant. Aligning the stories you want to tell with the stories your use of money are telling is the key to living a Good Life.

What this part isn’t about

Numbers – Having a positive relationship with money is more about neurology than numbers. A focus on the maths is as unhelpful as it is ubiquitous. This focus comes in many forms, most of them deviously subtle, such as the spurious depth of a concern with security or freedom.

Glamorising frugality – This is about how to use your resources to live a Good Life, not a boring or a self-destructive one. All misers live in misery. Diets based on denial don’t work. Less is more is a pointless soundbite, which ignores the omnipresence of opportunity costs, and signifies nothing but the fury it denounces.

How to spend it – Anyone that tells you how to spend your money is much more likely to be projecting their own prejudices and seeking to justify their way of life than they are to be enhancing yours. This isn’t about ‘goals’ in the traditional dreams-based sense. Because that sense is nonsense. You know what you want, but it’s well hidden, partly because of all those that offer specific prescriptions for how to spend, or not spend, your money.

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Last updated 4 years ago

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