1 00:00:03,440 --> 00:00:07,560 Speaker 1: Welcome to Before Breakfast, a production of I Heart Radio. 2 00:00:09,240 --> 00:00:15,320 Speaker 1: Good Morning, This is Laura. Welcome to the Before Breakfast podcast. 3 00:00:16,480 --> 00:00:21,360 Speaker 1: Today's tip is that there isn't always a lesson. While 4 00:00:21,360 --> 00:00:24,079 Speaker 1: it is human nature to try to draw conclusions when 5 00:00:24,120 --> 00:00:32,159 Speaker 1: something bad happens, sometimes bad things just happen. Acknowledging that 6 00:00:32,680 --> 00:00:36,160 Speaker 1: can keep you from cutting yourself off from good things 7 00:00:36,560 --> 00:00:40,640 Speaker 1: in the future. I am sure we can all call 8 00:00:40,720 --> 00:00:44,519 Speaker 1: to mind instances where people have drawn rather broad lessons 9 00:00:44,880 --> 00:00:49,400 Speaker 1: from bad experiences. The person who gets lost or suffers 10 00:00:49,440 --> 00:00:53,280 Speaker 1: from a stomach bug during an international trip and decides 11 00:00:53,400 --> 00:00:58,600 Speaker 1: to never travel internationally again. The person who has a 12 00:00:58,680 --> 00:01:03,080 Speaker 1: childcare snaphoo and decides this means that it is impossible 13 00:01:03,160 --> 00:01:06,960 Speaker 1: to successfully have a career and a family. The new 14 00:01:07,000 --> 00:01:11,000 Speaker 1: investor who decides to pay a bit too close of 15 00:01:11,040 --> 00:01:14,520 Speaker 1: attention to the stock market sees the market dip four 16 00:01:14,560 --> 00:01:17,800 Speaker 1: percent in a week and promptly pulls all their money 17 00:01:17,840 --> 00:01:22,560 Speaker 1: out for good. Unfortunately, this is often the way the 18 00:01:22,640 --> 00:01:27,679 Speaker 1: human brain works when something bad happens. We want to 19 00:01:27,720 --> 00:01:32,600 Speaker 1: know why. We hunt for a reason because the reason 20 00:01:33,319 --> 00:01:38,240 Speaker 1: suggests a solution. If we learn the lesson, then this 21 00:01:38,319 --> 00:01:42,039 Speaker 1: bad thing will never happen. To us again. And that 22 00:01:42,120 --> 00:01:46,120 Speaker 1: may be true for some things, but most likely bad 23 00:01:46,160 --> 00:01:50,720 Speaker 1: stuff will still happen from time to time. Bad stuff 24 00:01:50,760 --> 00:01:56,400 Speaker 1: happens even when people do everything right, and unfortunately, drawing 25 00:01:56,440 --> 00:02:00,800 Speaker 1: really broad lessons means that other bad things define will 26 00:02:00,920 --> 00:02:03,680 Speaker 1: happen to us as a result of learning these so 27 00:02:03,760 --> 00:02:07,880 Speaker 1: called lessons. There is a big and wonderful world out there. 28 00:02:09,000 --> 00:02:12,359 Speaker 1: Someone who decides it's just too scary to travel internationally 29 00:02:13,120 --> 00:02:17,480 Speaker 1: is never going to experience much of that world. There 30 00:02:17,560 --> 00:02:21,720 Speaker 1: is great satisfaction in building a fulfilling career and great 31 00:02:21,760 --> 00:02:26,000 Speaker 1: satisfaction in raising a happy family. Someone who decides it 32 00:02:26,080 --> 00:02:28,680 Speaker 1: is impossible to do both will cut him or herself 33 00:02:28,720 --> 00:02:33,000 Speaker 1: off from one of these sources of fulfillment. And keeping 34 00:02:33,040 --> 00:02:36,120 Speaker 1: all your money in a savings account at zero point 35 00:02:36,240 --> 00:02:41,400 Speaker 1: zero five percent interest means definitely losing money to inflation. 36 00:02:42,960 --> 00:02:46,920 Speaker 1: If there is a lesson to be learned, great, I 37 00:02:47,080 --> 00:02:50,560 Speaker 1: now keep diaper wipes in my purse after being caught 38 00:02:50,600 --> 00:02:54,360 Speaker 1: without them in a situation where a child's diaper change 39 00:02:54,400 --> 00:03:00,639 Speaker 1: really required the proper supplies. This is a useful lesson. However, 40 00:03:00,720 --> 00:03:04,120 Speaker 1: in many situations there either is no lesson or the 41 00:03:04,240 --> 00:03:09,320 Speaker 1: lesson could be much more narrowly construed. Perhaps our international 42 00:03:09,360 --> 00:03:13,000 Speaker 1: traveler could simply start with bottled water in any new destination. 43 00:03:14,360 --> 00:03:16,920 Speaker 1: Perhaps our person who believes it is impossible to have 44 00:03:17,000 --> 00:03:20,040 Speaker 1: it all could figure out a workable backup childcare plan 45 00:03:20,680 --> 00:03:25,560 Speaker 1: in any high stake situation. Perhaps our investor could learn 46 00:03:25,600 --> 00:03:29,560 Speaker 1: to invest conservatively a smaller percent of their assets in 47 00:03:29,560 --> 00:03:33,799 Speaker 1: the market and only in index funds, and they could 48 00:03:33,880 --> 00:03:37,920 Speaker 1: remind themselves to look at their portfolio once every six months. 49 00:03:39,320 --> 00:03:44,280 Speaker 1: That would be a reasonable lesson. Or maybe there is 50 00:03:44,320 --> 00:03:49,360 Speaker 1: no lesson. Stocks go up and stocks go down, so 51 00:03:49,440 --> 00:03:53,200 Speaker 1: it goes. Sometimes we all have bad days on the 52 00:03:53,280 --> 00:03:57,960 Speaker 1: job and bad days at home. Sometimes things we thought 53 00:03:58,000 --> 00:04:02,920 Speaker 1: would work don't oh well. By taking an oh well 54 00:04:03,080 --> 00:04:07,320 Speaker 1: approach or learning a very narrow lesson, we don't cut 55 00:04:07,320 --> 00:04:13,000 Speaker 1: ourselves off from lots of future positives, and that is 56 00:04:13,040 --> 00:04:19,480 Speaker 1: a much better lesson to learn. In the meantime, This 57 00:04:19,560 --> 00:04:23,479 Speaker 1: is Laura, Thanks for listening, and here's to making the 58 00:04:23,520 --> 00:04:33,120 Speaker 1: most of our time. Hey, everybody, I'd love to hear 59 00:04:33,160 --> 00:04:35,919 Speaker 1: from you. You can send me your tips, your questions, 60 00:04:36,040 --> 00:04:39,760 Speaker 1: or anything else. Just connect with me on Twitter, Facebook 61 00:04:39,880 --> 00:04:45,080 Speaker 1: and Instagram at Before Breakfast Pod. That's b The number 62 00:04:45,120 --> 00:04:49,320 Speaker 1: four than Breakfast p o D. You can also shoot 63 00:04:49,320 --> 00:04:53,080 Speaker 1: me an email at Before Breakfast podcast at iHeart media 64 00:04:53,160 --> 00:04:55,800 Speaker 1: dot com that Before Breakfast is spelled out with all 65 00:04:55,800 --> 00:04:58,600 Speaker 1: the letters. Thanks so much, I look forward to staying 66 00:04:58,640 --> 00:05:06,599 Speaker 1: in touch. MM. Before Breakfast is a production of I 67 00:05:06,720 --> 00:05:10,599 Speaker 1: heart Radio. For more podcasts from I heart Radio, visit 68 00:05:10,640 --> 00:05:14,000 Speaker 1: the i heart Radio app, Apple Podcasts, or wherever you 69 00:05:14,040 --> 00:05:17,640 Speaker 1: listen to your favorite shows. H