Frances Cook

And from there, you customize it to your own situation.

So let's stick with me as an example because I know myself the best.

And then we can lay out what works best for me.

You can kind of see how this works in practice, figure out how to customize it for you, right?

So when I customize this rule of 100 for me, I think about how I'm ambitious with what I want to achieve with my money.

I am in the building phase.

of my life and I'm all in on building myself true financial independence.

I'm fine with the costs that come with that.

I am fine with the choices needed to make that happen because I see that end goal, so worth it to me.

I also trust myself to not panic when the market goes down.

I know I'm not going to be yanking money out if something happens.

That would cause mayhem for future me, but I know I'm not going to do that.

I've already had a trial of fire in that big old COVID-19 crisis.

I held my nerve through that, so that's good to know.

I also have a good understanding of the share market, and that always calms your nerves, I think, when things get weird.

If you understand what's happening underneath it, you can kind of see what's causing the weirdness and it doesn't make you feel as panicky when you can see what's happening, why.

I've built up that life experience of some pretty gnarly market dips through my years investing.

I know it can get weird out there and that it recovers.

I also know as someone who is ambitious and wants financial independence, true financial independence,

and a good life while I'm doing it, I have to ratchet up my efforts a little bit if I want to get to where I'm going.