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Do You Hear That Noise? Thumbnail

Do You Hear That Noise?

General Trending Topics Behavioral Finance

When was the last time you read or heard something about money in the news, you acted on it, and then, with the benefit of hindsight, you were glad you did?

Maybe it wasn’t the news in the traditional sense. Maybe it was from friends or family. This could include any number of things:

  • A hot tip at Thanksgiving
  • Crypto advice
  • Your buddy’s business venture
  • The neighbor’s car purchase
  • Someone’s family vacation
  • Social media postings

Go ahead, we’ll wait. Close your eyes and think about it.

This experiment has been done hundreds of times around the world, and only one person came up with a valid example. It was news about a change in the tax law.

That’s it.

Isn’t that interesting?

Think of all the financial pornography out there. All the advice and stories around money you hear (or see) socially. Almost all of it is noise. Almost none of it is actionable.

Sure, every once in a while, there is this little teeny tiny speck of information that might be useful. But you sure do wade through a lot of garbage to get to it.

This leads to one obvious question: Why are we paying attention to the noise in the first place?

It might be fun…if you’re into that kind of thing. You know, like going to the circus. But most likely, it’s just a waste of time.

What if, instead of obsessing over things that don’t matter, you used that time to work on that list you have…

You know, “The List.” The one that has all the really important things you actually want to do with your time.

Doesn’t that sound so much better than spending another hour watching CNBC or getting worked up over what ‘they’ are doing?

To living your ideal life,
The Paradigm Team

Paradigm Advisors is a fee-only financial planning firm based in Dallas, Texas and Fayetteville, Arkansas. Paradigm Advisors provides comprehensive financial planning and investment management services to help clients organize, grow and protect their wealth throughout life’s journey. Paradigm specializes in advising well-established career executives through financial planning and investment management. As a fee-only fiduciary and independent financial advisor, Paradigm never receives commission of any kind. Paradigm is legally bound by certification to provide unbiased and trustworthy financial advice.