Prioritizing Investments
Following last week’s discussion on the link between wealth and liberty, this week will focus on ways to direct this liberty towards an inspirational purpose.
Taken together, liberty and purpose may just be the biggest win for yourself and your planet.
But personal liberty comes with an important challenge: it opens up many more attractive options than you can realistically pursue.
Hence, we’ll start with a post on prioritization.
Enabling investments
The most valuable investments are those that open up other investment channels.
For example, you’ll need high life efficiency and/or valuable skills to achieve the sizable surplus income needed for serious investments in tangible assets.
Permanent improvements in health and inspiration offer the most direct route to the long-term productivity needed to build a good track record.
Sometimes, it’s wise to direct most of your tangible asset investments towards important short-term financial goals that boost your productivity before shifting the balance to long-term financial freedom.
The most lucrative investments at any given moment will change from person to person.
It can therefore pay off to spend some quality time identifying the tangible and/or intangible assets that will give your life the biggest boost.
Don’t spread yourself too thin
This is the single biggest challenge I’ve encountered in managing my personal liberty.
There’s just so many exciting options, and I instinctively want to pursue all of them. But when I do, progress becomes frustratingly slow, stress increases, and costly mistakes start creeping in.
A game of chess
Since life is so interesting and complex, the best next investment of your time and resources will always be a moving target.
Proactively keep your aim on this moving target instead of just getting bounced around by circumstances.
But there is also a next level: a place where you, like a good chess player, are always thinking several moves ahead.
Which series of enabling investments will best accelerate progress towards your purpose? In what order should they be made?
Some regular structured thinking along these lines can give you a lot more return for the amount of effort you put in.