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_{Exploring the inventory, learning the right lessons, and expanding the fence}

Happy Thursday! Thanks for reading Intentional Dollar — where we look at old money ideas through a new perspective.

What’s inside?

• One tool to experiment with

• Two quotes from others

• Three questions to dig deeper

• Four lines of poetry for the point

Disclaimer: This is not investment advice. These weekly posts represent my simple thoughts, a few quotes, and some questions — for educational purposes only.

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_{One tool to experiment with:}

The Inventory:

Where are you right now? 

Look around. 

The shoes you’re wearing, your clothes. The money in the bank account, your retirement accounts. The family around, your friends. 

In a 2005 commencement, David Foster Wallace opened with the following little story:

Greetings parents and congratulations to Kenyon’s graduating class of 2005. There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes “What the hell is water?”

Wallace used his sharp intellect to slip this “didactic little parable” into the pliable minds of Kenyon’s newest graduating class.

Minds, like his at graduation, alert and closed to an old oracle with the answers. And in an instant, with a little tact, he disarmed and subsequently armed them with an idea: what hangs around us is hidden in plain sight. 

The antidote to this blindness is an accountants favorite chore, taking inventory. The process of walking the shop floors and counting the goods. Without an inventory count, there’s no clear way to assess the value of the possessions and products you have. 

For our purposes, a note file on the phone will do just fine. Write down all that you have, the financial and non-financial goods that make up the environment and have become so common as to not be seen. 

With a fixed focus on the future, an orientation of the acquisitions yet to be made, the valuable items that make up our environment become masked. But they are here and they are all around us. 

And these things around now were once dreams. The amounts in the accounts. The emblem on the car. The spouse. The job. Everything. It was all once an aspiration. Taking inventory offers a powerful way to remember and appreciate, to give thanks for value of what we have. 

In an anxious, future focused state, taking inventory is a simple and powerful way to reorient to the present. 

What’s your water?

_{Two quotes on learning the right lessons:}

Synthesizing, not copying. Patterns and strategy, not rote memorization.

_{Three questions on expanding the fence:}

1. What am I working on to expand the boundary, the fence of my knowledge and competence?

2. Where might my existing fence line be holding me back?

3. What’s the required work? The pickets and the nails.

Which question stuck with you? Questions like these are spotlights for the mind. Reply to this email and let me know which one shined light on a previously dark cave.

_{Four lines of poetry for the point:}

Contact Me:

Content ideas, questions? Reply to this email or reach out to me at [email protected]

Disclaimer: This is not investment advice. These weekly posts represent my simple thoughts, a few quotes, and some questions — for educational purposes only.

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