Feng Shui Your Financial House — Day 31

Mariko O. Gordon, CFA
4 min readDec 31, 2023

𝐇𝐚𝐩𝐩𝐲 𝟐𝟎𝟐𝟒, 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐃𝐫𝐚𝐠𝐨𝐧!

𝐈𝐍𝐂𝐎𝐌𝐄

Focusing on income (or building a saleable asset) will give you the most lifetime bang for the buck. There’s no theoretical limit to how much income you can earn.

Every dollar you earn above your expenses can be turned into an asset that produces more income. Focus on widening the gap between your income and your expenses so that the more you earn, the more you can invest.

Invest in learning new skills, income-producing assets, appreciating assets, your well-being, or your community. It’s all good.

𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬 𝐨𝐟 𝐜𝐡𝐚𝐧𝐠𝐞 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐧𝐞𝐭 𝐰𝐨𝐫𝐭𝐡 𝐜𝐨𝐦𝐞 𝐟𝐫𝐨𝐦 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐢𝐧𝐜𝐨𝐦𝐞 𝐚𝐧𝐝 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐥𝐞𝐬𝐬 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐦𝐚𝐤𝐞.

𝐄𝐗𝐏𝐄𝐍𝐒𝐄𝐒

You’re not on a budget. You’re spending intentionally.

That shift in mindset will make you richer because you won’t feel deprived. You’re a person who doesn’t spend on cheap dopamine hits that don’t give you lasting pleasure. You choose to spend on what’s necessary or what matters to you.

You can only get your expenses down so far. As long as you are not spending more than you earn (exceptions like schooling or starting a business aside), this is the area of financial focus with the smallest payoff.

Don’t grow your lifestyle in lockstep with your income; you’ll compound your wealth without trying.

𝐑𝐞𝐦𝐞𝐦𝐛𝐞𝐫 𝐭𝐨 𝐚𝐥𝐰𝐚𝐲𝐬 𝐡𝐚𝐯𝐞 𝐫𝐨𝐨𝐦 𝐢𝐧 𝐲𝐨𝐮𝐫 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐟𝐨𝐫 𝐣𝐨𝐲.

𝐀𝐒𝐒𝐄𝐓𝐒

Make sure you have a balance between liquid and illiquid assets so you don’t ever face a cash crunch.

Don’t put all of your eggs in one basket. Diversify your investments.

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Mariko O. Gordon, CFA

Built $2.5B money mgmt biz from scratch. Coaching badass women to build & love their businesses, manage their finances, and make sure the thrill is never gone.