Being fearful has an evolutionary origin – you want to be wary of the world around you and be sure you’re prepared for disasters. If you’re prepared, you’re better equipped to navigate these challenges.
But when does the fear and preparation end? You can’t live your life in constant fear… that’s unhealthy.
Today’s post can help us find the balance. David, the author, retired just ahead of the pandemic and watched his portfolio drop:
Put Your Money Fears in Perspective [Can I Retire Yet?] – “Does this mean the bottom can’t yet fall out of the markets, say in the next five years? The wars in Europe and the Middle East could spiral out of control, or a new one in the Far East might draw the United States into a costly, even existential, conflict. But as Mark Twain once said, ‘Worrying is like paying a debt you don’t owe; I have spent most of my life worrying about things that never happened.'”