Evan Lucas

speaker

1,534 appearances 4 recordings 1 series first heard Jun 2022 last heard Jan 2023

Evan Lucas’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Mind Over Money: be a better investor with Evan Lucas · 13 Oct 2022 podcast

So the reason I call it the elephant paradigm, the old kid fable of how to eat an elephant one bite at a time.

Well, in my view, your finances, you should go the other way, right?

Because people look at their finances as here's my shares, here's my house, here's my car, here's the cash in my bank.

And they're all separate.

No, they're your elephant.

They're your money elephants.

You need to look at the other way back.

So that 10% of my shares in my overall elephant wealth is actually like 2%.

But I'm technically breaking my own rules by being involved in that.

But that's okay, right?

That's okay, right?

Because it keeps me interested.

It keeps me peaked.

And again, I'm being reasonable, right?

It's not about being completely and absolutely rational with money because nobody's rational with money and not even machines, let's be honest, are rational with money because machines are programmed by people.

So it's fine.

And it doesn't break my bank.

It doesn't break my money.

Yeah, so this is a beautiful question.

And unfortunately for me, when I had that exact same point in a personal scenario, it was a trigger from, as I said, life isn't linear.

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