#23 - Discipline = Freedom

Author

Graham Schroeder
September 13, 2024

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This week the market brought us a potential for access to private equity funds, lower inflation data, U.S. sovereign wealth fund potential, and how you should use discipline to create freedom.

Market Recap

Unique Investment Opportunity: Whiskey Casks

Here’s an investment opportunity you didn’t know you were missing - whiskey casks.

But where to start?

Vinovest differentiates its whiskey investing platform through strategic sourcing and market analysis. With Vinovest, you can invest in Scotch, American, and Irish whiskey casks, providing diverse and flexible exit options.

Vinovest team targets high-growth markets and caters to a range of buyers, from collectors to brands using casks for cocktails. This approach not only enhances your liquidity but also increases your portfolio’s resilience against market fluctuations. Discover how Vinovest’s innovative strategy sets it apart from competitors.

Freedom Fund Portfolio

Freedom Fund Background: I created the Freedom Fund as a public brokerage account back in October of 2022 to share that anyone with a social security # and a bank account can begin their investing journey by investing a couple hundred dollars a week. Every week and month I post on X (@GrahamInvesting) public updates about the purchases, exits, dividends, and growth of the fund if you want to follow in real time. The biggest obstacle people have to investing is just getting started so I decided to start a new account at $0 to start from nothing with you.

Quote of the Week

This past week I have been listening to Willink’s book “Discipline Equals Freedom: Field Manual” and it has made me think a lot about my routines and discipline. His philosophy is that self-discipline doesn’t limit freedom, it actually creates it. By cultivating discipline in your life—whether it's sticking to routines, consistently investing, working out, or making necessary decisions you can gain control over your life. This control leads to greater freedom in the long run, helping you avoid the chaos that comes from procrastination or lack of structure. My big three disciplines below and how they can promote more freedom:

  • Fitness: Regular work outs, nutrition, and rest build strength and resilience, allowing you to live free from preventable health issues and physical limitations. Better physical health gives you the energy and ability to tackle challenges without being limited by health problems. Living longer gives time to pursue more in life.

  • Financial: Budgeting, saving, and consistent investments create financial independence, freeing you from debt and financial stress. Financial stability allows you to pursue passions, travel, or retire early without being trapped in paycheck-to-paycheck living. Financial discipline allows you to have the freedom of time back.

  • Daily/Weekly Routine: Structure and consistency in habits prevent chaos and ensure you stay on track with long-term goals. A disciplined routine provides peace of mind when you actually break down the routine into a list of “must do’s”. One thing I have done for myself is a bullet point list on an index card I read in my truck every morning that re-affirms my routine structure.

Willink argues that embracing discipline in the short term unlocks opportunities and freedom in the future. I believe when you break down your routine and intentional habits on a daily basis you can really start to become mindful of your actions and mindset. This next week I challenge you to write down five daily routine tasks that align with your goals. Bring the index card or post-it with you everywhere you go.

Instead of scrolling through social media when you have an extra minute every day pull out the list and ask yourself… Am I accomplishing these routine tasks every day? Do my routine tasks align with providing myself with more freedom of mind, health, and time? What if you wrote a new list of five tasks you wanted to complete every week and committed to it for 52 weeks… Would you be closer to your long term goals a year from now?

The purpose of this newsletter is to encourage you and our other 77 Gazette subscribers to start and stay consistent with your personal, professional, and financial journey.

Thanks for investing your time reading this.

Disclaimer: Graham’s Gazette provides information and resources related to investing, financial topics, and personal growth for educational and entertainment purposes only. The content presented is not intended to be construed as financial advice. Readers are encouraged to conduct their own research and consult with qualified professionals before making any financial decisions. Graham’s Gazette and its creators do not assume any responsibility for the accuracy or completeness of the information provided nor do they guarantee any specific results from such use of information.