{"id":3078,"date":"2016-10-03T23:35:23","date_gmt":"2016-10-03T23:35:23","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/you-dont-need-to-get-it-to-make-it\/"},"modified":"2024-04-04T19:54:28","modified_gmt":"2024-04-04T19:54:28","slug":"you-dont-need-to-get-it-to-make-it","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/you-dont-need-to-get-it-to-make-it\/","title":{"rendered":"You don\u2019t need to get it to make it!"},"content":{"rendered":"
\"image\"<\/figure>\n

By Clayton Daniel<\/a><\/p>\n

I
\nwas in South America a month ago visiting Machu Picchu with my dad. The bloke
\nis a mad dog old school traveller but was recently diagnosed with Parkinson\u2019s.
\nAs such we made plans to tick off the final item on his bucket-list together.<\/p>\n

It
\nwas awesome. Although between the both of us we have nearly seen every corner
\nof the globe, we had never travelled together. It meant a lot to both of us,
\nand I hope we get to do it again.<\/p>\n

Now
\nbefore you hit the edge of the Amazon jungle and start the journey to the
\nmountain top ruins, the last main city you come across is Cuzco. Cuzco is a
\nstrange melting pot of traditional Peruvian life, significant religious
\ninfluence and tourists.<\/p>\n

And
\neven though there are tourists, the good news is the city doesn\u2019t bend its own
\nculture to appease us like Thailand or Bali. As such it still seems
\nauthentically Peruvian. It\u2019s mostly safe (although I was robbed there five
\nyears previously on a backpacking sojourn under a higher level of inebriation \u2013
\nI consider it my own fault), and many of the buildings are from Inca times or
\nearly Spanish settlement.<\/p>\n

I\u2019m
\ntrying my best to set the scene because there was one massive difference
\nbetween this visit and my first visit five years ago \u2013 large numbers of people
\nstanding in one corner of the town all on their phones.<\/p>\n

Okay,
\nso I\u2019m sure you\u2019ve heard of this Pokemon game. It took something like a week to
\nbecome the most downloaded mobile game of all time. And I\u2019m all for a video
\ngames getting people out of the house. The only problem was, I didn\u2019t see
\nanyone interested in their surroundings, all I saw was people looking down to
\nan item right in front of them.<\/p>\n

This
\nevent didn\u2019t really impact me as it was the first time I had seen it, and
\nthought it was a weird Peruvian anomaly. Alas, when I turned up in New York
\nonly a couple of weeks later I saw the exact same thing \u2013 just more people this
\ntime.<\/p>\n

As
\nI walked up to the south western entrance to Central Park, I noticed I was
\nsurrounded by hundreds of people staring at their phone. In disbelief I
\nrealised that again, everyone was playing Pokemon.<\/p>\n

In
\nmy first \u2018senior moment\u2019 as a thirty-three-year-old, I pushed a small amount of
\nair out of my nose which can only be described as respiratory disdain and
\nthought to myself \u2018why are these people so focused on the small thing in front
\nof them, when they have all of this to experience\u2019?<\/p>\n

\u201cThe
\nissue is what is constantly being taught by formal education, and by the media
\nis that you have to \u2018pay attention\u2019 to your money\u201d\u00a0<\/i><\/p>\n

Thankfully
\nas I choose not to hold grudges towards large non-descript masses of people
\ncasually enjoying their lives, I was easily able to continue with my
\nexploration plans, but I did take away this story as it works so wonderfully as
\nan analogy for how we interact with money.<\/p>\n

The
\nissue is what is constantly being taught by formal education, and by the media
\nis that you have to \u2018pay attention\u2019 to your money. Staring at the amount in
\nfront of you is more important than the bigger picture \u2013 the outcome of your
\nmoney. The passive point being, the more attention you pay to your money, the
\nbetter you will be with it.<\/p>\n

\u201cOf
\ncourse if you pay attention to your money you will be better with it\u2026. The big
\ntrick. The point every financial commentator misses is this: you don\u2019t have to\u201d<\/i><\/p>\n

Now,
\ncaveat. This is\u00a0actually\u00a0<\/i>correct. I can\u2019t claim otherwise
\nbecause I would be lying. Of course if you pay attention to your money you will
\nbe better with it. I\u2019m a perfect example of this. Ten years ago I knew nothing
\nabout money. I dedicated my life to understanding it, and now I\u2019m here.<\/p>\n

But
\nguess what. The big trick. The point every financial commentator misses is
\nthis: you don\u2019t have to.<\/p>\n

My
\nentire life for the last decade has been dedicated to understanding money. I
\ndid an accounting degree, worked as an accountant before turning to financial
\nadvice. A decade later, I know a thing or two about dollar signs followed by
\nnumerals.<\/p>\n

I
\nhad the type of personality to do so. But what if you don\u2019t? What if you don\u2019t
\nwant to pay attention? Does this have to mean you won\u2019t be successful with your
\nmoney?<\/p>\n

\u201cThinking
\nabout money all the time on top of thinking about your career, your family, and
\nyour own personal goals adds up. It\u2019s called decision fatigue and is the plague
\nof our generation.\u201d<\/i><\/p>\n

I
\nno longer subscribe to the concept you have to become a monetary version of a
\nPokemon player. To have your head down, only concentrating on the thing in
\nfront of you. And the reason is, you probably find it all sensationally boring.
\nAnd that\u2019s okay.<\/p>\n

Thinking
\nabout money all the time on top of thinking about your career, your family, and
\nyour own personal goals adds up. It\u2019s called decision fatigue and is the plague
\nof our generation. In fact unless you work with money, you should be doing
\nwhatever you can to put as much distance between you and it so you can focus on
\nthings that are important to you.<\/p>\n

Money
\nis simply a facilitator of what you want out of life. What you want out of life
\n\u2013 your ideal lifestyle \u2013 should be the focus. Your money will ultimately fill
\nin the spaces to meet the direction you want to go.<\/p>\n

If
\nyou want a family, mortgage, a new car on lease \u2013 you will get that.<\/p>\n

If
\nyou want time to tick off a bucketlist with your old man before he shakes down
\nthe mountain \u2013 you will get that.<\/p>\n

If
\nyou want to become rich at the sacrifice of family and time to yourself \u2013 you
\nwill get that.<\/p>\n

\u201cWhatever
\nyou choose to do with your life, the good news is you do not need to understand
\nmoney as well as Warren Buffet in order to wield it\u2026.There are shortcuts\u201d<\/i><\/p>\n

We
\ncan\u2019t have everything \u2013 you only get one life after all \u2013 but I\u2019m a big
\nbeliever in everyone getting what they want out of life. There\u2019s no right, and
\nno wrong, there is only those who have sat down to think about it, and those
\nwho let the decisions happen to them without much thought.<\/p>\n

Whatever
\nyou choose to do with your life, the good news is you do not need to understand
\nmoney as well as Warren Buffet in order to wield it. You don\u2019t need to dedicate
\na decade of your life. You don\u2019t need to stare at a screen infront of you and
\nmiss the bigger picture. There are shortcuts.<\/p>\n

Firstly,
\ndecide what you want out of life. That\u2019s a big point in a small sentence I know
\n\u2013 but it still deserves your time. If you don\u2019t, the easy and default answer is
\nsimply \u2018more\u2019.<\/p>\n

Second,
\nput aside an amount for yourself to spend each week to fund your ideal lifestyle
\ntoday.<\/p>\n

Lastly,
\nput aside an amount for yourself to spend later in life when you no longer
\nwork. Medical science is getting quite good, so you\u2019re not going to die anytime
\nsoon. You\u2019ll want some money to fund your ideal lifestyle in the future also.
\nAnd the best way to invest is low cost\/low tax environments \u2013 but that\u2019s an
\narticle for next time.<\/span><\/p>\n

Clayton Daniel author of upcoming book Fund Your Ideal
\nLifestyle\u00a0<\/a><\/p>\n

 <\/p>\n

\n

 <\/p>\n

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Download it for free in the App store or the Webapp below:<\/p>\n

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Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By Clayton Daniel I was in South America a month ago visiting Machu Picchu with my dad. The bloke is a mad dog old school traveller but was recently diagnosed with Parkinson\u2019s. As such we made plans to tick off the final item on his bucket-list together. It was awesome. Although between the both of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yst_prominent_words":[]}