I’d like to live forever (someone please invent this) and yet I’m often not willing to do the simple things to live longer.
The financial markets may have a 3% long-term discount rate (thirty-year Treasury bond rate), but the discount rate we set for our lives is often quite a bit higher. It is so hard to do the right thing today for an expected payoff tomorrow.
Understanding, admitting, and overcoming this challenge seems to be one of the greatest ways we can make progress — in terms of our health, finances, and relationships.
If I had the answer, I’d share it with you.
About The Author: John Mihaljevic
John serves as chairman of MOI Global, the research-driven membership organization. He is a managing editor of The Manual of Ideas, the acclaimed member publication of MOI Global. Previously, John served as managing partner of private investment firm Mihaljevic Capital Management. He is a winner of the best investment idea prize awarded by Value Investors Club. John is a trained capital allocator, having studied under Yale University Chief Investment Officer David Swensen and served as Research Assistant to Nobel Laureate James Tobin. John holds a BA in Economics, summa cum laude, from Yale and is a CFA charterholder.
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