Trevor Abes: Writer

How To Do the Hard Thing

I’ve honed my approach to difficult situations by a mix of willingly diving into them and running away from them enough to realize I should have just dove in. 

I think it’s a good skill to have, not fearing extremes of feeling, and adopting a curious attitude toward how they mess with your mind. 

This is especially true when you’re young and have to put up with situations and people besides yourself you have no choice but to be in/around to avoid poverty or preserve your independence.

The way I see it, it comes down to fending off your anxieties, limitations, and bs from others for as long as it takes to get yourself to a place where you can choose to do what you want.

Your choices will ideally be ones that don’t trigger your anxieties, allow you to sidestep or comfortably overcome your limitations, and include only people you are compelled and motivated by.

When it comes to anxieties and limitations before you have options, fostering a fondness for yourself, however hard a balm that is for you to apply, is the only thing that can claim any kind of long-term reliability. One way this could manifest is by unlearning what you were raised to think you couldn’t do, then proceeding to try your hand at a multitude of projects tied to these things and failing your way until something sticks. 

You’re probably busy doing that already. The failure here a badge of honor you’re too proud to have to let talking down to yourself become a thing, even though it will occasionally rear its head. 

A big part of the unlearning for me is looking fears and anxieties in their faces and getting comfortable with them as tenants in the borrowed space of my mind as I proceed to do what I want. There’s a difference between running away from something, which implies you should have stayed put, and walking away from something that isn’t for you. The ultimate arbiter of what that difference entails is you.

If you don’t have the option to work in your chosen field, selectivity where possible will help ensure a sustainable work environment: small intimate team instead of having 100 co-workers; customer service or its absence; that kind of thing. This year is my year to be more mindful in this area, as I finally have a little buffer to prioritize my mental health in professional settings instead of taking the job because I need the money.

When it comes to bs from other people, I favour the realization that we were all thrown into this world without a choice and left to make our own sense of it. Make no mistake, my skin wasn’t always thick enough to follow through on opening my mind to the many ways people make life sustainable. I’ve quit on great people and professional prospects on principle because I was uncomfortable with one specific person. It felt right in the moment, but I now feel differently about how much extra time this strategy tacks on to financial independence and being the sole owner of your time.

The sooner you foster empathy for people you vehemently disagree with, the faster you’ll get to a point where you can reliably avoid them. And perhaps only seek out their company to be ideologically prudent and steer clear of echo chambers. Not so much when you resist every instance of discomfort along the way, lengthening your path to living as you see fit. I believe this the most when I let myself see that we’re all acting in our own self-interest while trying to be as nice as we can to everyone that joins us for the ride. Most of the time, it’s better to have been a part of someone’s plan than to have missed the dance completely. 

Young Canadian Investor #26 — When You Shouldn’t Invest

Yes, investing your money in stocks and bonds is a no-brainer most of the time. Why? Because the money you invest will grow over the long-term into a nest egg that you wouldn’t have otherwise had, and you, just like the rest of us, have dreams that require ample funding. Let’s put the breaks on that for a second, though, to consider a handful of situations where investing isn’t the best idea if you’re looking to live your best life.

Busy living.

When you’re in debt. This isn’t to say that you shouldn’t invest if you’re currently paying off debt, just that you need to have a handle on the debt payments first. If you can’t project into the future and tell me more or less when you’ll have paid off what you owe, you probably shouldn’t be investing. There’s no point in stacking money up for your future when the interest rate on your student loans or credit card is cutting into your bottom line. To put some numbers on it, it’s reasonable to expect a diversified stock portfolio to earn you around 7% per year over a few decades, while most credit cards charge you somewhere around 20% in interest. No matter how hard you try, 7 in the black will never make up for being 20 in the red.

When you’re lacking in human capital. Your human capital is the sum of skills you possess that allows you to go out into the world and have a professional life. I write a lot and have some investing knowledge, so that’s the wheelhouse in which I look for work. Your own areas of expertise will differ, but are no less important to how you’re going to use your time. When you break it down, there’s really no comparison between investing $1000 at a long-term 7% yearly return and using that money to learn a new skill that will up your income by 10 or 20k per year. Thanks to the Internet, you may not even have to spend any money. Places like YouTube, LinkedIn Learning, and Skillshare offer plenty of free content to feed your mind.

When you’re bored. So you’re looking for some entertainment and the thought of buying Bitcoin or a few shares of Tesla sounds like just the remedy. This isn’t necessarily a bad thing if you do your due diligence, decide the investment is promising, and limit it to an appropriate percentage of your portfolio. The problem is that kind of work isn’t everybody’s idea of fun. Most people usually just want to drop the money casino-style and see what happens; not exactly a sound investing strategy to get you to a financially secure place. If you want to have fun, have fun, just don’t confuse investing with gambling.

When the chance at living is too sweet to pass up. Last but not least, you already know that life is short and that, to look back fondly on it, you need to go forth and take risks and pursue whatever you heart impels you to. What is right in the eyes of society may not sit well with you and the memories you’d like to accumulate. Does it make financial sense to drop five grand on a trip with the right person or to pursue your far-fetched dream of becoming a full-time poet? How about turning down a decent job in exchange for a day-to-day environment that will stretch your pockets thinner but will get you considerably closer to happy? Perhaps not because your portfolio will be worse off for it. That doesn’t matter at all, of course, so long as the experiences make it easier for you to accept and love yourself when you’re alone with your thoughts.

While we’ve learned about a few reasons why you shouldn’t invest, chances are it should still be a regular part of your life. You’re young, after all, and have the decades in front of you that you need for stocks to appreciate in value. When you’re ready to get started, you can give my short investing guide a read. It’ll run you through the investing process in plain language, step by step, so you can check this major part of adulthood off your list.

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