A few years back, entrepreneurial guru Tim Ferriss, had the author and documentary maker Sebastian Junger on his podcast. Junger, who has taken plenty of risks in his career, including spending substantial amounts of time embedded with US soldiers in Afghanistan, was asked by Ferris what advice a 70-year-old Junger would offer to his current self.
Junger offered the following:
I think I would say to myself that the world is this continually unfolding set of possibilities and opportunities. And the tricky thing about life is, on the one hand, having the courage to enter into things that are unfamiliar. But to also have the wisdom to stop exploring when you found something that’s worth sticking around for.
The courage to enter/wisdom to stop dilemma is one we’ll all face as it applies to many areas of life. All our critical decisions. Opportunities, either taken, or not taken. Will this new thing prove fruitful and rewarding, or is it wise to remain with what you know and has proven satisfying? It’s particularly relevant when it comes to careers, business, or money.
As advisers we see the impact that financial changes and optimisation have on peoples’ lives. It does take courage to walk in the door of a financial adviser and be prepared to delegate your affairs. It’s unfamiliar, but so are most financial decisions. Courage is required to take any new financial decision because the unknown means some won’t work out for the best. It’s hard to be wise when you really don’t know.
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This represents general information only. Before making any financial or investment decisions, I suggest you consult a financial adviser to take into account your personal investment objectives, financial situation and individual needs. Anyone looking to build a portfolio should seek financial advice to find out which strategy is right for them, if you are a high net worth investor looking financial advice then you should consider a high net worth financial adviser, they can help you identify your goals and put in place a reliable strategy to pursue them.
