FI Weekly – April 26, 2022: On the Right Path?, Children & Money, Community Wins
Are You on the Right Path? Codie Sanchez from Contrarian Thinking is someone I enjoy following via her newsletter and numerous podcast guest appearances. She generally talks about building and especially buying “boring” cash flowing businesses that I think would greatly appeal to the FI Community. I’m highlighting her here for a Twitter thread she recently posted on checking in weekly to determine if she’s on the right path in life, as I think it can be useful for you. From Codie: “Every Sunday I have a little ritual where I check in to make sure I’m on the right path. I use a framework called the 1 in 60 rule. It means that for every 1 degree a plane veers off its course, it misses its target destination by 1 mile for every 60 miles you fly. Further you go, further away from your goal you get. I think this is true in life too. So how do you make sure you’re even on the right path? You grab yourself a nice big glass of red. You sit down to some music (I like instrumental). You open your computer. And you ask yourself some questions. Am I happy doing what I am doing right