This has turned out to be a week of innovative financial thinking in the Mad Money Monster household. Mr. MMM and I even nailed down a more
solid financial forecast for our cash. Yes! Last week I told you the detailed story of how I grew up and discovered the underlying reason for my fascination with the tiny house movement. I realized that growing up in the original tiny house, spurred my fascination with the current, trendy movement. If you missed it, I strongly suggest you check it out. Aside from the above mentioned accomplishments, we have also been busy not buying things and finding additional motivation to Just Keep Swimming.
Each day I try to get out and about for a long neighborhood walk. I try to go very early in the morning so I can have the world all to myself. Glorious. Just glorious. Most of the time, this works beautifully. This morning I was out the door around 6:30am. This is one of the frugal habits I picked up when I was trying to replace costly habits with free ones. It stuck, and is now a cleansing, meditative exercise for me. Sometimes, however, I want to be motivated. When the mood strikes, I fire (no pun intended 😉 up a podcast or YouTube video to keep me motivated and on the FIRE path. This morning I was listening to a few clips of advice from John Bogle (Founder and Former CEO of The Vanguard Group). This inevitably led to other finance-focused suggestions. One such suggestion was an hour-long (perfect for my walk!) Q&A session with Warren Buffet and high school students. Wow, did I ever get lucky, or what?! I hit play as fast as I could get my glove off, and away I went. No, I don’t have a sleek pair of tech gloves. 🙁
Cha-ching! Yep, according to Buffet, I won the ovarian lottery. HA! Just in case you were wondering, this single claim is enough to warrant watching/listening to this clip. Back to the ovarian lottery… Per Buffet, I was fortunate enough to have been born into a country where it is not difficult to unleash your financial potential through various opportunities (true), and, I was fortunate to have been born with a decent I.Q. (I’d like to think so :). Therefore, aside from not being born into an already wealthy family, I won the lottery just by being born! It’s true, we all take things for granted. Perspective.
I’m paraphrasing Buffet’s words here, but there were quite a few memorable moments while listening to this motivational Q&A to America’s youth. Below is the best compilation my memory could produce, 12 hours post said walk:
According to Buffet, despite his billions, he is mostly the same as everyone else. See below.
-We all eat the same food and at the same places. Hopefully, it’s at Dairy Queen.
-My house is warm in the winter and cool in the summer; I suspect your house is too.
-I wouldn’t be happier in a larger home. I’d be less happy.*
I highly recommend watching it (or listening to it), here. It was a talk he gave to high school students in 1999. Note: It doesn’t sound dated. And, it’s fantastic food for thought for any age.
So, tell me, who motivates you to save and invest? Who motivates you to challenge the status quo school of thought? Who motivated you to get on this path?
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