What don’t you want to achieve in Investing?
I came across an eye-catching LinkedIn post the other day.
It was written by the renowned Sahil Bloom, a creator who spent a decade working in Private Equity and Investment Banking.
The post was on Anti-goals.
Ever heard of the concept?
Neither had I… until that moment.
Instead of focusing on the Goals you want to accomplish, an Anti-Goal focuses on what you do not want to achieve; as expected, it is the antithesis of goals.
The Anti Goals
After having contemplated my own life for hours on end, I have come up with a list of investing Anti-Goals. Some of these have affected me. They might have unknowingly affected you too.
- Lack of exercise — There is no point making all the money in the world if you let your health deteriorate to the point of no return. Start moving today.
- Lack of Social Interaction — Since Investing is predominantly an individual sport, there is potential to significantly affect current relationships in pursuit of excellence. Be aware of this!
- Constant Comparison — It is easy to feel overwhelmed and disheartened when you know other market participants are doing better than you are. The rise of retail investors blindly gambling in the stock market does not help one bit.
- Greed — Not knowing when to stop. Making money is great, but there has to be a limit. We are not taking our money to the grave. Remember it is a means, not an end.
- Giving Up— Investing in the stock market is beyond hard. This does not mean you throw in the towel. You keep at it. Adapt, Adapt, Adapt! Till you succeed.
Advice on how to avoid them?
Let’s tackle each of the aforementioned problems in chronological order.
- Hitting the Gym — As obvious as this may sound, it works. I personally enjoy lifting weights, but that can be monotonous at times, so recently I started playing Tennis, a sport I have been watching for 8 years now. Definitely been a huge game-changer. Also, be flexible with the times you exercise at. If you don’t wake up early enough, go in the evening or later in the night. You won’t regret it. And trust me, exercise will help you with any work you want to get done. As Jim Kwik says, when your body moves, your mind grooves.
- Prioritizing Social Interactions — Make talking to family, friends or even strangers a habit. Don’t ever feel like it is a burden. Everybody has their own unique insights. You might be pleasantly surprised at what you can learn from a family member or a friend: Think of these interactions as “Livestreamed Podcasts”.
- Avoiding Social Media — Curate the people you follow. I can’t tell you how many people I have muted and unfollowed on a variety of social media sites. Deleting social media is a possibility, but that did not seem like a sustainable solution.
- Remembering Mortality — The one question you need to answer is “Why did you want to make money in the first place?” You had an end goal in mind before you started that journey. Bring that to the forefront again. We are only on Planet Earth for a short amount of time.
- Developing Resilience — I can tell you to keep pushing yourself no matter how many times you have failed, but that advice will fall on deaf ears. Instead… YOU have to develop the grit and the determination to keep battling. External parties can motivate you, but at the end of the day, you have to put in the work.
Step 1: Focus on your goals.
Step 2: Avoid anti-goals.
Step 3 : Lead a great life.
Hope this was helpful. Good luck!