Personal Finance = Trade Offs

If you make a laptop more powerful, the battery life will suffer and it will get heavier too.


We all want to find the magic formula to wealth creation by reading more, engaging better 'advisors' or even falling upon some insider knowledge your peers couldn't possible know exist.

If you make a plane bigger, it won’t land at every airport, and it will cost more to fly, even if you don’t sell all the seats.

Another set of trade-offs.

Good engineers don’t whine about trade-offs, because they realise that they’re the entire point.

The truth, the better your ability to understand the trade offs between spending and investing and control your emotional triggers, the wealthier you will be. You do not have to go down the rabbit hole of an overload of commoditised knowledge.

If there were no trade-offs, we wouldn’t need their help, there would be no interesting problems worth solving.

MW Wealth Management is an Authorised Representative of Consultum Financial Advisers Pty Ltd ABN 65 006 373 995 | AFSL 230323 This information is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek advice from a financial adviser and seek tax advice from a registered tax agent. Information is current at the date of issue and may change. This information and certain references, where indicated, are taken from sources believed to be accurate and correct. To the extent permitted by the Law, Consultum, its representatives, officers and employees accept no liability for any person that relies upon the information contained herein..