Hey, All of our regular habits create neural pathways in our brains. The more frequent the habit, the deeper the groove. Habits can be a thought, like “I’m just not good with money.” They can be an action, like impulse spending. And you can also be habitually avoidant of something, like investing your money. The most ingrained neural pathways are like the Grand Canyon in our brains. Changing the path is like shoveling the Grand Canyon. Changing our habits is difficult because it takes a lot of regular effort. If you’re trying to change a financial habit but are struggling, remember that you’re shoveling the Grand Canyon. It takes time and effort. And progress doesn’t always feel like progress. And if you want some help changing your financial habits and creating new ones, I’m partnering with Ladies Talking About Money to provide personal financial planning this year. There are still a handful of spots open, but they’re filling up fast. Inquire here. Your friend, 1. 💸 Scared money doesn't make money with Sonja Rasula (Weird Finance) In this episode of Weird Finance, Paco talks to entrepreneur and founder of Unique Markets, Sonja Rasula (@sonjarasula) about her curiosity and how it leads to asking financial questions, taking risks, knowing which rules to break, taking decisive action, and why people don’t spend money on themselves. From helping you get a grip on your spending to planning for retirement and tackling debt, we’re working with Ladies Talking About Money to provide personal financial planning. Our approach to money and personal finance is all about making it accessible, less scary, and meeting you where you are. We have limited spots available; fill out an inquiry form here. If you have a question you’d like me to answer on the Weird Finance podcast, you can leave me a voicemail at 1-833-ASK-PACO. You can also email me your question by replying to this email or emailing us at weirdfinancepod@gmail.com. |
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Hi there, Last week, I learned that before Regan popularized “trickle-down economics”, it was known as the Horse and Sparrow theory: “If you feed the horse enough oats, some will pass through to the road for the sparrows.” In other words, sparrows benefit when horses are overfed since eventually, they’ll shit some undigested oats. Stumbling across this reminds me of when I learned that the phrase “pull yourself up by your bootstraps” was originally a joke because it’s absurd and physically...
Hi friend, Welcome to the 350th issue of the Nerdletter! Regardless of how long you've been reading, thank you for being part of our journey to 350 issues. The most significant insight I've gained from publishing 350 issues of this newsletter is the unpredictable yet potent force of consistency. I’ve learned that consistent, small actions, like sending a simple email, can be more impactful than inconsistent, big actions. But often, the hardest part of remaining consistent is believing that...
Hey pal, I’ve been thinking about this quote from Katherine May’s book Wintering. “We are told to live within our means, but there are times when, frankly, I feel that 'my means' would be a caravan on waste ground. Instead, I suspect that most of us have periods of feast and famine in our lives, and, increasingly, we spend the feast years paying off the debts of the famine. It's only money, as a friend of mine often says with a sigh.” Most of the creative professionals I’ve spoken to at the...