Investing and Time Anxiety

A reflective moment made me realise that I have time anxiety. Time anxiety is the feeling that one should achieve something within a certain period. This feeling usually comes after realising that most of your peers are ahead of you therefore you feel a pressure to catch up. This realisation was cemented after reading that “when you want to hurry something, that means that you no longer care about it and want to get on to other things” (Pirsig, 2014). This quote pushed me to try to slow things down and achieve things in my own time.

I have been taking a lot of investment and personal finance courses lately. I have been rushing through them because of a deadline I set for myself. I did not take time to really understand the concepts that these professors were trying to teach me. Therefore, I have to redo some of them. This is the way to go if I want to stop speculating about the stocks I choose.

Planning is a good way to go but you have to be aware that some projects take longer than expected. Like me, push your deadline to a later date. You will be better for it.

Bibliography

Pirsig, R. (2014). Zen and the art of motorcycle maintenance.London: Vintage Books.

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Travel for the right reasons

Before travelling the world, there are a few things you may have to consider. These points are here to prevent you from spending a lot of money without enjoying your vacation. These points are as follows:

  1. Reasons for travelling
  2. Destination and duration
  3. Extra money for different activities

Reasons for travelling

Are you travelling because you want to or because you’re rushed into thinking that this is the only chance you will get? If your answer is the latter, you might want to reconsider. Don’t be fooled by the idea that you will never get the chance to travel again. That feeling alone will dampen your enjoyment of the trip. There are always more opportunities to travel which will allow you to save for longer.

Destination and duration

If you are planning on travelling across six different cities for only a week, then you might want to reconsider. The only exception is a road trip with friends, which is a rite of passage. However, if you want a chance at experiencing the culture in you chosen places, you may have to reconsider. The reason is that, most of the time will be depleted by travelling between cities and therefore you won’t be able to experience the joy of exploring the cities. You may have to re-structure your plan to travel for longer or to travel to fewer cities.

Extra money for different activities

Because most of your money will go towards accommodation, you need money to go into the places that require entry fees. Moreover, you may want to try different local cuisines and go to different events. You don’t want to be the person that brings your travel buddies down because you cannot afford entry into a club.

These are a few things you have to consider. Happy planning!

The multicultural equivalent of wealth

I grew up in a gated mining town where I was isolated from the world. Because of the mining company, the public school attended had better facilities than most public schools in my country. There were plenty of textbooks. There was a library full of books. The schools had everything.

I felt safe to walk through the streets at night because of the street lights. Since permits were required to enter the town, there were fewer people coming in town. This, for us, meant lower crime rates.

During my teenage years, my mother went back to university to further her education. Since she lived in a small apartment near her university campus, I went to live with my grandparents in their village. I attended a local junior secondary school (junior high) which was different from where I grew up. First, the classes were larger, and the buildings were rundown from years of vandalism. My new peers borrowed everything, pencils, sharpeners, anything. Most of them could not afford uniforms and had to bear the harsh winters since the principal did not approve of anything that was not the school uniform.

It made me uncomfortable to see people struggling while I had everything I needed for school. It was a shock. We were all around the same age, yet there was a wisdom in some of my peers’ faces. They had experienced more hardships than I could ever imagine. It made me feel spoilt. And I quickly grew out of the selfish, only child mindset and learned how to share my resources.

In addition to this, my grandparents lived near a bus rank (bus station). There was a constant bustle, with people either living or coming into the small village. There were constant attacks. Thefts. Harassments. The crime rate was high. At one instance, a young woman escaped her assailants by running straight into our house since the door was open. My grandfather kept it open because he wanted fresh air. This prompted my grandfather to put locks on the gates. I became paranoid. Every time I walked in the streets, I looked behind me to check if someone was following me. It was probably my own footsteps.

By luck, I ended up in a private school for my senior secondary school years, the equivalent of high school. I was in boarding school, so I was gated in again. I was safe from the outside world. I could walk freely within those gates. I could wear what I wanted within those gates. I felt lucky within those gates.

I was around “rich kids” during those years. They are not the selfish people who tv likes to portray, they just grew up having more. At times, I found myself longing for the things they had and their ability to travel the world. I was impressionable. I forgot about how lucky I was and how far I had come.

That school opened a lot of doors for me.

Now I live Australia. I attend the University of Queensland on a scholarship. My monthly allowance greatly exceeds the minimum wage of people who live in back home.  The university is amazing, advanced. Everyone has a laptop. Everyone has a phone. The internet is fast. Everything is fast. It is a normal way of life for people around me, they are used to it.

Here, I can walk in the street as late as 12 am, from the school library, and feel safe enough to walk, at a normal pace, from the bus stop to my apartment. Nothing is in the dark.

There is a sense of wisdom at having experienced this change. I was content. Now I feel lucky. I keep reminding myself to be grateful and to appreciate where I am. I keep reminding myself not to get used to it. Not because I feel as if it will not last. I never want to forget to be thankful.

 

 

Books

This is a list of books that I have read in order to improve the way I think. The list will get longer as time progesses. I apologise in advance.

Investing: For a beginner

Stock Investing For Dummies (For Dummies (Business & Personal Finance))

Finance/Phylosophy

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)

The Bed of Procrustes: Philosophical and Practical Aphorisms (Incerto)

The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: “On Robustness and Fragility” (Incerto)

Antifragile: Things That Gain from Disorder (Incerto)