Just in Time Information

“Focus on just in time information, not just in case information.”

This advice, given by author Tim Ferris, employs the 80/20 Rule (see blog post #2 for more information).

Don’t try to learn everything about any given area (unless you want to be an expert).

If you want to excel in your finances with the least amount of time and effort, just learn the basics and have friends or professionals more knowledgeable than you who you can ask questions to. You’ll have access to all the information you need - just in time for when you need it.

You don’t have to be an expert yourself to have the finances of one. You just need access to the proper information when you need it, on top of your basic knowledge.

Then spend the rest of your time on what’s important to you in life.