The Daily Meaning

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Travis Shelton Travis Shelton

Beware of Survivorship Bias

I had a fun dinner last night with some of the employees who work for my client. One of them asked me about our most recent podcast, which took us down the finance rabbit hole. One of the young men commented on how debt is good, citing its prevalent use as a common trait amongst wealthy people. The dots were connected that using debt fuels success. In some ways, he's right. Using debt can propel success. On the flip side, however, just as using debt can accelerate success, it can also accelerate failure. But we don't talk about that much in our culture. Why?

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Travis Shelton Travis Shelton

The Struggle is What Makes the Adventure

Last night, our family time at the campsite was cut short when a nasty thunderstorm blew in. It was the whole package: thunder, lightning, rain, and wind. We quickly retreated to the tent where we rode out the storm and eventually fell asleep. While we were trying to settle the boys in, they were a bit panicked. I think there’s some lingering impact from an absolutely brutal storm we endured in the tent earlier this summer…..which included Pax getting flooded out in the middle of the night. In an attempt to calm them down, I encouraged them that these are the moments that make the adventure. It helped…..a little.

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Travis Shelton Travis Shelton

It's Never Too Late (or Too Early)

Young adults have an amazing opportunity when it comes to getting control over their finances. So many things are working in their favor:

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