THERE IS A PARADOX IN PERSONAL FINANCE…SOMETIMES WE ARE SO BUSY (with work, family, community, health) THAT WE UNINTENTIONALLY WASTE A SIGNIFICANT AMOUNT OF MONEY IN MANY ASPECTS OF OUR LIVES SUCH AS WITH DELAYING EQUIPMENT MAINTENANCE AND REPAIRS, CREATING EXCESSIVE WASTE, ACCUMULATING SPEEDING OR PARKING TICKETS, OVERDRAFT CHARGES, PENALTIES, INTEREST PAYMENTS, AS WELL AS MISSING OPPORTUNITIES TO MAKE MORE MONEY OR OPPORTUNITIES TO IMPROVE OUR RELATIONSHIPS, HEALTH, AND LIVES. ADDITIONALLY, FROM ALL THE STRESS OF WORKING SO HARD, WE ENGAGING IN EXCESSIVE DRINKING OF ALCOHOL, INCREASED EATING OUT OR ORDERING OUT, AND EXCESSIVE SPENDING IN ORDER TO SOOTHE OUR FRAYED NERVES, AS WELL AS REWARD OURSELVES FOR ENDURING PAIN, DISCOMFORT, AND DELAYED GRATIFICATION.

Charles Tadros, M.D.

September 23, 2021

Saint Louis, Missouri

WE CAN LEARN FROM SALESPEOPLE, MANY OF WHOM ARE PAID 100% ON COMMISSION, HOW THEY BUDGET AND SPEND WHEN THEIR INCOME IS SO OFTEN UNSTABLE.

Charles Tadros, MD

September 22, 2021

Saint Louis, Missouri

THE SCIENTIFIC METHOD…

There are 7 steps which create the scientific method:

  • Make an observation.
  • Ask a question about that observation.
  • Form a hypothesis, or testable explanation.
  • Make a prediction based on the hypothesis.
  • Test the prediction.
  • Iterate: use the results to make new hypotheses or predictions.

Charles Tadros, M.D.

September 21, 2021

Saint Louis, Missouri

ALL OF US, REPEATEDLY, BELIEVE THAT OUR OWN HISTORY OF MISTAKES, AND THE LESSONS AVAILABLE TO US FROM OTHERS’ MISTAKES, DO NOT APPLY NOW TO US, SINCE, “THIS TIME IT’S DIFFERENT.”

Charles Tadros, M.D.

September 20, 2021

Saint Louis, Missouri

ACKNOWLEDGING ONE’S OWN MISTAKES AND ACCEPTING HELP DOES NOT NEGATE HONORING THE THOUGHT, PAIN, SWEAT, AND TEARS THAT WENT INTO THE HONEST EFFORTS WHICH LEAD TO MAKING THOSE MISTAKES IN THE FIRST PLACE. DO, LEARN, CHANGE, LEAD, TEACH!

Charles Tadros, M.D.

September 19, 2021

Saint Louis, Missouri

THE MOST IMPORTANT ASPECT OF BEING ON THE RECEIVING END OF INTENTIONAL OR UNINTENTIONAL PAIN (physical, emotional, spiritual/existential, relationship, financial) IS THAT IT IS TRANSFORMATIONAL. OUR PAIN FORCES US TO THINK DIFFERENTLY, TO EMPATHIZE MORE READILY, AND TO PUSH US TOWARD EFFECTING AND ACCEPTING CHANGE.

Charles Tadros, M.D.

September 19, 2021

Saint Louis, Missouri

IN LIFE, WORSE THAN A BAD OUTCOME, IS WHEN SOMEONE ELSE SEES US STRUGGLING AND DOES NOT OFFER INSIGHTS OR OPTIONS WHICH MAY HAVE LESSENED, OR EVEN HAVE AVOIDED, OUR NEEDLES STRUGGLING AND SUFFERING.

Charles Tadros, M.D.

August 18, 2021

Saint Louis, Missouri

HOW ABOUT HAVING FOOD CONTAINERS THAT SHRINK, IN ORDER TO TAKE UP LESS PANTRY AND REFRIGERATOR SPACE, AS WE CONSUME THE FOODS THEY CONTAIN?

Charles Tadros, M.D.

September 19, 2021

Saint Louis, Missouri

ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED.

The lesson seems to be that our earliest work to earn money (in order to invest), our earliest attempts to reduce debt and taxes (and to use these savings to invest), and our earliest buying and holding of quality investments, are by far the most important effects for our long-term financial wealth.

Charles Tadros, M.D.

September 19, 2021

Saint Louis, Missouri

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