Saturday Success Series: Volume 16

Making life & money work for you.

Cait Mack

Mar 05, 2022

Welcome back to the Saturday Success Series email!

In this edition we’ll have:

Five to Focus On: A quote, stock, book, show & a beer.
Master Yourself: Consumption vs creation.
Master Your Money: Facing recession.
And of course…
The Weekly Special: Quick Guide to the Financial Future.

The goal here is maximum value, so let’s get to it.

Oh, by the way, if you’re feeling generous, please share this newsletter with a friend.

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Five to Focus on:

In a noisy world, it’s hard to know what’s good out there. Let me help.

Quote to ponder: “Don’t chase people. Be yourself, do your own thing and work hard. The right people — the ones who really belong in your life — will come to your. And stay.” - Will Smith
Stock to consider: PIN (Invesco India ETF).
Based on the FTSE India Quality And Yield Select Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index as well as American depositary receipts and global depositary receipts based on the securities in the Index.
Disclaimer- this is not financial advice, I am not a financial advisor, and you should always do your own research.
Book to read: Mind Hacking by Sir John Hargrave.
Plenty of real life stories wrapped in solid, actionable advice from an entertaining author. Hargrave is an alcoholic who hacked his way into sobriety and realized he could use those same tools to hack his entire life. It’s a good read that I’ll revisit a few times I’m sure.
Show to enjoy: Doom Patrol on HBO Max.
It’s a unique show about a band of misfit “superheroes”. They’ve all suffered some horrible tragedy but have to come together to save the world. There’s a ton of unexpected emotional depth in the absurd story that unravels here.
Beer to sip: MoZee from Toppling Goliath.
It’s a world class hazy IPA. Shouldn’t that be enough? If not, someone described it as: “a beer that drinks like a dream.” Fruit and pine very well balanced, and at 6.2% it goes (relatively) easy on the liver.

Master Yourself

For our purposes here let’s define what I mean by consumption and creation.

Consumption: consistently partaking in/purchasing other peoples’ content, products and services.

Creation: consistently offering/selling content, products and services to other people.

Now, you know which one is preferable. Creating. Humans are wired to work and innovate and be creators.

But we’re also wired to be lazy and status quo and consumers.

So, don’t feel guilty about consuming. You can both consume and create. In fact I consume a lot which allows me to create a lot. Just be mindful of WHAT you’re consuming. Is it all junk?

Consumption is actually necessary for creation. But what you consume matters, a lot. It needs to be quality. Much like your body reflects your diet…your mind and your outputs reflect your content consumption and inputs.

Ultimately, inputs = outputs, which determine our outcomes.

three round gold-colored coins on 100 US dollar banknotes

Master Your Money

A recession is likely.

But, the advice remains the same as always.

- Emergency fund

- Long term investing

- Living within your means

- Building multiple income streams

Weekly Special:

The Quick Guide to the Financial Future

There is a lot going in the cryptocurrency world. Yes, we know everyone’s getting rich on Bitcoin and Dogecoin (maybe?) right now. But there is way more to it than that. And I know it’s confusing to many of us.

But, these concepts are mandatory to understand as we march toward Web 3.0 (read more: https://coinmarketcap.com/alexandria/article/what-is-web-3-0) and a financial future that looks very different from our past or even our present.

I wanted to create a resource where you could find the best info to get started, all in one spot. I think I’ve done a decent job of that. This is by no means all of the info you could want or need on the subject, but this a great resource (with links to really great articles and videos) to get you started.

Cryptocurrency

Digital assets. Individual coin ownership records are maintained in a ledger that exists in the form of a computerized database, and strong cryptography is used to protect transaction records, monitor the production of additional coins, and verify the transfer of coin ownership.

Must Read: https://www.nerdwallet.com/article/investing/cryptocurrency-7-things-to-know

Must Watch:

Ethereum

Ethereum is a decentralized, open-source blockchain that allows users to create smart contracts. The platform’s native cryptocurrency is Ether (ETH).

Must Read:

https://ethereum.org

Must Watch:

Bitcoin

Bitcoin is a decentralized digital currency that can be sent from one user to another on the peer-to-peer bitcoin network without the need for a central bank or single administrator.

Must Read: https://www.investopedia.com/news/how-bitcoin-works/

Must Watch:

Blockchain

A blockchain is a continuously increasing list of documents, known as blocks, that are connected together using cryptography. A cryptographic hash of the previous block, a timestamp, and transaction data are all included in each block.

Must Read: https://www.euromoney.com/learning/blockchain-explained/what-is-blockchain

Must Watch: