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by codpiece 1581 days ago
NFTs, real estate, side-hustle, crypto, startup are all wonderful rabbit holes to lose yourself for months or years. Don't do it.

Investments: yes. But keep it boring or you fall into the same trap. Wallstreetbets, value stocks are all a black hole of distraction. Look to the Boglehead investment portfolio. Learn the basic philosophy and then stop reading. Save consistently and don't read the daily financial news.

Tech: pick 2-3 sources (mine: HN, TheRegister, etc). Breaking news can wait.

I track my internet time like I do my consulting time. I don't rely on Apple to tell me, I log it. When distraction creeps, I edit my /etc/hosts file and stop temptation.

I disable all but the most critical notifications on my phone (calls/texts from family, event and deadline alerts)

Our personal success came when I stopped chasing the side hustle and we both got full time jobs, lived below our means, and saved like crazy. Before that, I was chasing dreams and wasting time and money reading about sure-fire ways to make tons of money.

Try to recognize the patterns that lead to distraction. If you look at FIRE, wallstreetbets, nfts, affilate marketing, shaving forums, headphone audiophiles, whatever, all have grail-chasing mechanisms that entice you to stay and work towards a community ideal that distracts you from your personal life goals.

Source: been there, dug myself out.

1 comments

"value stocks are all a black hole of distraction."

If you want value stocks, or any metric/sector, you can get it through stuff like VOOV.

Good point. I should have been more precise.

The discussions around the hunt for value stocks can be a distraction. It's pretty easy to find a good fund to buy into and then forget about it.