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Your Bad Decisions Have a Long Feedback Loop if You Do These:
Making mistakes in life is inevitable, and an essential part of growth. We can only learn so much through observation, so avoiding failure is not the goal. Rather, we want to shorten the feedback loop of failure, so we can correct it sooner. By feedback loop, I mean that when you fail, you experience the consequences as soon as possible. If you delay the consequences, you keep repeating the same mistakes.
Saving a Lot of Money
Money has a way of absorbing the shock of bad decisions. Successful stock and crypto traders especially have this problem. If you have a years salary in the bank, you can make a years worth of bad decisions before experiencing any consequences. Having too much cash on hand means you do not have to invest in yourself, because you always have a cushion of savings. You may be making decisions right now that will be devastating in 3 years time, but you would have no idea.
Living Somewhere with a Low Cost of Living
Someone living in New York has to make more calculated decisions compared to a digital nomad living in Mexico. The person with a sky high cost of living is always one bad decision away from losing their job and their apartment. When I lived as a digital nomad and I ran out of work, I was always…
