Theatre, Experiences and Downsizing
TRIBEathlon Podcast
Episode 26: Fi Carter is a mum, a passionate sportswoman and is an age group duathlete, winning a bronze medal in both the European and World Duathlon Championships. When she isn't training, she coaches and supports teenagers through the charity CASS & Friends to help them make the most of their potential.
We all know coaching teenagers brings a whole new set of challenges, and being the dad of a teenager and a wannabe teenager, I really wanted to explore how she coaches young athletes in a range of sports, and what strategies we can use to help them achieve the greatest success.
What I’ve Been Reading
It’s not often a book appears on both The Efficient Wealth Update and the Friday Footnotes, because very few books span both themes well, however ‘Peak Performance: Elevate Your Game, Avoid Burnout, and Thrive with the New Science of Success’ by Brad Stulberg and Steve Magness was one of the best books I read in 2020 and it does just this.
Recommended by Fi Carter (see above) it combines the inspiring stories of top performers across a range of capabilities, from the athletic, the intellectual and the artistic, with the latest scientific insights into the cognitive and neurochemical factors that drive performance in all domains.
Unlike other performance books that are field-specific, Peak Performance cuts across domains and will help people involved in diverse pursuits, from athletes to artists, from hobbyists to scientists, from students to business professionals. If you want to take your game to the next level, whatever 'your game' may be, Peak Performance will teach you how.
What I’ve Been Watching
On Sunday night the Reading household enjoyed a theatre night. We got dressed up, smartly not in costume I might add, we had popcorn and an interval, and we watched the amazing production of Warhorse through National Theatre Online.
I believe this particular production has now finished screening, however there are loads of other brilliant plays available to rent. It was certainly the cheapest night at the theatre I’ve ever had, and I wasn’t sat behind some NBA basketball player either! The girls also took on the ballet Alice’s adventures in wonderland via the Royal Opera House online, but I watched The Matrix that night!
TED Talk I’ve Found Interesting
I often talk about the brilliant the book ‘Thinking Fast and Slow’ by Nobel Prize winner and founder of behavioural economics, Daniel Kahneman.
It isn’t always the easiest book to access, however a brilliant insight into its theory can be summarised in his TED talk, ‘The riddle of experience vs. memory’. Using examples from vacations to colonoscopies, Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This insight has profound implications for economics, public policy -- and our own self-awareness. If you enjoy to TED talk, it is definitely worth reading the book!
Quote of the Week
“Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.”
- Daniel Kahneman
Finance Theme I’ve Been Considering
As we age, we often find that a large proportion of our wealth is tied up in our home; should we stay in our beautiful overly large abode until our final days, or should we downsize earlier? For many people in retirement, this is a significant challenge; to stay in a big house, or to downsize to something more manageable. Aside from the practicalities of living in a more manageable house, it is easier to pass your wealth onto the next generation sooner and also to reduce Inheritance Tax so they receive more by doing so.
I am speaking at an online event at 4pm on Tuesday 26th January hosted by leading estate agents, Pelham James, on how downsizing allows you to reduce tax, create a better legacy and also protect your family’s wealth.
If you, or someone you know would like to join the webinar, please register here.
