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Transcript

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0:00.0	Welcome to Money for the rest of us. This is a personal finance show on money, how it works,
0:27.2	how to invest it, and how to live without worrying about it. I'm your host, David Stein. Today is episode 548. It's titled, What I Did Over the Break and What to Expect in 2026. For the past 25 years or so, I've basically not worked during the last few weeks of the year. I did it as a new institutional investment advisor, as I was able to accrue more vacation.
0:33.5	I certainly have done it with money for the rest of us as we've not published episodes,
0:37.8	typically over the holidays.
0:39.8	Last year, our family and I were in Costa Rica over the year-end break.
0:46.4	This year, we were in Tucson.
0:48.7	What I wanted to do in this episode is to kind of share what I did during the break.
0:52.9	What did I learn?
0:53.9	What are my routines at year
0:56.3	in in terms of preparing for the upcoming year? I generally don't have a schedule when it comes to
1:04.6	what I do at year end. There's certain things that I have done over the years that that helped me
1:10.0	plan, help me reflect on what
1:11.9	happened in the prior year. There's a saying from French philosopher Gustave Thibault,
1:18.9	measure repeats, rhythm renews. Natural cycles always allow for the unforeseeable. I like that idea of rhythm. I have year-end rhythms that I follow,
1:32.3	but I'm flexible. I allow room for the unforeseeable, and there's certainly things that came up,
1:38.8	and that flexibility allows us to address those things. A big part of what I do at year-end is it tends to be a lot
1:46.2	more physical activity. The sort of those year-end things that just need to get done. When we've lived in
1:53.1	Tucson, we live on about an acre and it's desert fauna. So you have a lot of trees that need
2:00.1	trimming, the Palo Verde, the mesquite,
2:02.4	the acacia trees. And so usually over the break, I'll order a dumpster. And then I'll go out
2:08.6	and trim trees and fill the dumpster. Took lots of hikes over the break. Played some tennis.
2:14.3	I spent time with friends. We had a friend, one of my former associates at
	...

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