Wealth in the Fifth Dimension

17/365: This is my secret weapon to making wise investment decisions...


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In this podcast episode, the host shares a valuable approach to making smart investment decisions: dedicating time for reflection and contemplation. They discuss how the pursuit of perfection can backfire, using the example of a lion that becomes a bigger target as it tries to excel at hunting.


The importance of "quiet time" is emphasized, as it can spark new ideas and insights. Psychologist Amos Tversky supports this notion, explaining that effective planning requires breaks to gain perspective. The host notes that clarity often comes during moments of rest or vacation.


In wealth management, reflecting on core values is essential. A Stanford study suggests that walking boosts creativity, impacting investment strategies positively. Successful investors like Warren Buffett prioritize reading over the unproductive "hustle culture," which emphasizes busyness over purpose.


The host concludes with practical advice: carve out time for reflection, establish a morning routine, and evaluate what’s working in life, including fitness, faith, family, and finances. Overall, the episode highlights that stepping back can lead to better decisions and success, making it a worthwhile listen for anyone interested in investment and personal growth.

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Wealth in the Fifth DimensionBy Joe Soto