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How To Money

HTM June 2020 Wrap-Up

Photo by Nicolas J Leclercq on Unsplash

Dear How To Money Reader,

Welcome to a brand new financial year, and what a year it’s been! To say it’s been a significant period is an understatement, and so many of our financial plans have been completely flipped on their head. This past financial year has taught me that your plans can completely change in an instant, that everyone needs an emergency fund and the importance of being flexible in all aspects of your life.

One thought pattern that has helped me deal with everything thrown my way over the last few months, is considering what I can and can’t control, and focusing of dealing with the matters that fall into the “can control” basket. Sadly there’s so much happening in the world that we can’t control right now, that we need to tune out the noise and focus on what’s in front of us. The excerpt below is from an article by a pro-poker player, and provides a fascinating perspective on chance and making peace with what we can’t control.

“What do we control and what don’t we control, and can make the most of the former while making our peace with the latter. There’s nothing quite like that game of cards to consolidate one central lesson: Chance is just chance. It is neither good nor bad. Without us to supply meaning, it’s simple noise. The cards don’t know or care who you are. They have no concept of fairness. They are just dealt — and we are left to deal with the fallout, to interpret the noise. And so, the most we can do is learn to set aside what we can do nothing about and, instead, focus on controlling what we can.”

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I hope you have a productive and educational month.

Until next month,

Kate — HTM Founder & Editor

If you’re interested in learning more about money and personal finance, catch us on the How To Money podcast which you can find on iTunes, Spotify or via our online web-player.

Follow us on Twitter @HowToMoneyAUS, and on Medium at How To Money Australia.

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The information on this blog and website is of a general and educational nature only. It does not account for your individual financial situation, objectives or needs. You should consider your own financial position and requirements before making a decision, as we are not an advisory service. We recommend you consult a licensed financial adviser to assist you. The information is based on assumptions or market conditions which can change without notice, and this will impact the accuracy of the information provided. This website and blog occasionally provide links to third-party sites, aimed at helping you gather the information required to make an informed decision — we may receive payment for these referrals.

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