Podcasts Business Thoughts On Money [TOM] Solving the Puzzle of Your Financial Picture

Solving the Puzzle of Your Financial Picture

Published: April 28, 2023, 12:59 p.m.

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This week\'s blogpost - https://bahnsen.co/3oDKHlx

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I\\u2019m not sure if this is a cultural phenomenon or just how we are wired as humans, but I see so many people agonize and dwell on the minors while ignoring the majors.

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You can\\u2019t stop thinking about that nick on your new car, your teenage daughter can\\u2019t stop looking at that pimple in the mirror, your husband can\\u2019t stop complaining about that slightly crooked outlet in your home.

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We tend to obsess over the small (the minor) while failing to focus or even recognize the whole (the major).

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We even have an idiom in the English language to express this: missing the forest for the trees.

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And we bring this very paradigm to our finances. I see it all the time. Investors get tunnel vision on an investment or a planning item that has very little impact on their whole portfolio or plan. The energy, the emotions, and the time that gets committed to these obsessions are never commensurate with the attribution or impact.

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Links mentioned in this episode:

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