The Problem With More

Today's Newsletter:

• My Latest

• The 80/20 Rule

• The Problem With More

• A Money Question

My Latest

My latest is relevant to today, our economy, and those things you might have heard about recently ~ Tariffs.

A few simple steps you can take to maximize this market downturn.

You can check it out here ⬇️⬇️⬇️

The 80/20 Rule

I love working out, and have been coached by dozens of strength coaches.

They each have their way of:

• Building a training program

• Coaching you through workouts

• Thoughts on nutrition and dieting

Yet at the end of the day, they are all after a similar goal, which in my case was to perform better on the field.

If you removed the specific movements or coaching cues, you would see that one workout program looked very similar to the next.

• Similar lifts

• Upper & Lower body days

• Consistent work over a long period of time

Said another way, the 80% was the same; it was just the additional 20% where the program differed.

• One liked less rest

• One liked more rest

• One like back squat

• One hated back squat 

I can’t say one was wrong and one was right, and frankly, it didn’t matter ~ the 80% was driving the outcome.

They all had the same desired outcome ~ help their athletes perform better on the field.

The key is you can never lose track of the desired outcome, and today I want to talk to you about how this same concept applies to your money.

Let’s dive in…

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The Problem With More

I have worked with clients from the beginning stages of wealth creation all the way to generational (sit on the couch) kind of money.

In doing that, the thing I have realized is that most everyone starts the same way:

1. Determine spending

2. Determine how much to save

3. Determine where to save it to

4. Determine the best way to invest it

All with the same goal in mind ~ to create the life they want.

You see, this is where most go wrong. We think we want the end outcome to be a material thing (like a specific house or car) or a freedom thing, like more control over their time.

Yet once your base needs (food, shelter, protection) are met, the best outcome for money is peace of mind.

My goal as I build wealth is to think about it less:

• Order the steak, don’t think about the price

• Buy the car, don’t have to think about the payment

• Buy the house, don’t have to think about the monthly mortgage

So the end outcome isn’t the thing, but rather it is a combination of the thing + peace of mind.

So here lies the problem: Once you achieve the 80% (the life you want), how do you not lose track of the end outcome with the other 20%?

Let me give you a real-life example:

I was speaking to a client this week about their financial picture.

They have millions saved, millions more invested, and a thriving business.

We were discussing whether we want to put more of his cash to work in the market.

His stance was that this could further optimize his return (certainly true).

I told him we should keep it in cash because he has a few upcoming projects that might require that level of liquidity.

I shared that the incremental return of that money invested would come nowhere close to the peace of mind achieved by having it in cash.

Said another way, the 20% (optimizing the cash) shouldn’t affect the 80% (peace of mind).

It was a reminder to me that we can’t lose track of the ultimate goal as we look to optimize every last dollar.

As your wealth grows, the only problem with more is when doing more makes you lose track of the desired outcome in the first place.

Don’t take my word for it, take his ~ “Do not risk what you have and need for what you don’t have and don’t need.” - Warren Buffett (A pretty good investor).

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I have a client who had the opportunity to speak to a billionaire recently.

He asked the billionaire how he managed his family’s money.

His response, “I optimize for not having to think about.”

That means taking less risk, hiring the right people, and optimizing for life (not money).

It made me think, and I hope it makes you as well.

Until next time, my friends!

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A Money Question

What are you doing to optimize for peace of mind?

Everyone wants to talk about their investments in relation to monetary return, so consider how your investments are providing return for your life (or peace of mind).

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3 Ways I Can Help You

💰 Schedule an introductory call with Moment. We help athletes, entrepreneurs, and key employees build and protect wealth.

📹 Check out my YouTube channel. A safe place to get smarter with your money.

📷 Interact with me on Instagram. Where I provide bite-sized daily content to level up your money game.

Moment Private Wealth, LLC is a Registered Investment Advisor, located in the State of Missouri. Moment Private Wealth provides investment advisory and related services for clients nationally. Moment Private Wealth will maintain all applicable registrations and licenses as required by the various states in which Moment Private Wealth conducts business, as applicable. Moment Private Wealth renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or under an applicable state exemption or exclusion. Nothing in this content is intended to be, and you should not consider anything in this content to be, investment, accounting, tax, or legal advice.