The other thing that was just astounding in 2023, one of the biggest economic stories

was of course interest rates go up and up and up, the Fed is cranking, crank and cranking.

And what did housing prices do? They went up.

What did the stock market do?

The S&P 500 was up 27%.

All of these things that should not have happened

if you're using logic to think about how the economy works. You know, it went the other way.

I'm Mary Long and that's best-selling author, Morgan Housall.

Host Dylan Lewis caught up with Housall for a chat about what parts of the economy we can and really can't predict,

where a lot of fear about artificial intelligence comes from,

and how to set up systems rather than resolutions for a better 2024.

We're here talking in early January and this is I think resolution time for a lot of people.

I'm curious, do you have any resolutions for the year?

I don't, I really don't think I do and I didn't come up with this philosophy but I forget who did but I read this a couple years ago where it was like you don't want goals in life I know it sounds counterintuitive but generally you want systems and the difference is a goal tends to have like a finish line.

So the example that I think was given was if you say I want to lose 10 pounds,

that's a goal.

And then once you lose 10 pounds, you're like, what what do I do now but if you have a system where you say I'm going to eat better that's a that's a system and there's no fine there's no you know finish line to kind of trip you up so I think for a lot of things in life, including maybe especially for me financial stuff.

I really don't have any active goals of saying I want my net worth to be this, I want to save this amount,

there's really nothing like that. It's a system of doing the best that I can all the time.

And whether it's January 1st or December 7th or July 8th, whatever it is, I'm going to do that system all the time.

So that's my way of backing out of your question and saying no I really don't have many

resolutions but I think it's for it's it's well meaning and well intentioned. It's not Bah Humbug.

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