Ashane Wàdasinghe

Behavioral Finance

How you think about money shapes everything

Writing about decision-making & wealth ↓

[Ashane Wàdasinghe @ashane_w]

The Friday night dinner with Dilon, at Ritchie’s Vs. The Million Dollar Retirement corpus in 15-Years, for the YOLO Operator.

Dinner: a name, a reservation, a friend who'll be disappointed

Projection: a number attached to a person they can't picture clearly to care about today

[Ashane Wàdasinghe @ashane_w]

Execution brings the friction to the YOLO Operator.

And the advisor often leaves a bulk of things that the client needs to do.

When the closing signal arrives, presume all and any completions and walk in for a one-go-signing.

[Ashane Wàdasinghe @ashane_w]

I have made the mistake of trying to reactivate the intention when the decision was delayed.

The intention was never the issue.

It’s that I left the decision to be made by them, when the making of it has always been their weakness.

Intention < Activation

[Ashane Wàdasinghe @ashane_w]

The fascinating thing about a YOLO operator is that, when you sit across them, you feel how ready they are.

But often what leads to the delay is not their intention, it’s the operational strategy of the advisor.

The client needs autonomy the advisor offers a things to do.

[Ashane Wàdasinghe @ashane_w]

I had a client. Warm sincere, genuinely interested in my proposition. Who ultimately said, that he needed some time.

After having to remove him from my warm leads, I met him, 6-weeks later.

His reason was his busy schedule.

My realization was otherwise.

[Ashane Wàdasinghe @ashane_w]

“Researching more will not close.”

Every advisor who has handled an over-optimising client knows this pattern.

https://t.co/9K53G3xrUJ

[Ashane Wàdasinghe @ashane_w]

People don’t fail financially because they take risks.

They fail because they don’t understand the risks they’re taking.

[Ashane Wàdasinghe @ashane_w]

https://t.co/DQfgGAkBGh

[Ashane Wàdasinghe @ashane_w]

Income can cover mistakes.

It can’t fix behavior.

[Ashane Wàdasinghe @ashane_w]

Saving money doesn’t build wealth.

It just delays bad decisions.

[Ashane Wàdasinghe @ashane_w]

High earners don’t struggle because they lack money.

They struggle because money hides their bad behavior.

[Ashane Wàdasinghe @ashane_w]

Don’t you think that, Financial freedom is not just a math equation.

It’s a behavioral upgrade.

New habits.
New identity.
New relationship with money.

[Ashane Wàdasinghe @ashane_w]

Two people earn $10,000/month.

One builds wealth.
The other stays broke.

It’s not math.
It’s identity.

Your money habits are a reflection of who you are, not what you know.

Intelligence < Personality

https://t.co/mX6mKAVuqh

[Ashane Wàdasinghe @ashane_w]

The most expensive financial habit isn’t spending.

It’s avoidance.

[Ashane Wàdasinghe @ashane_w]

Money problems are rarely income problems.

They are decision problems.

[Ashane Wàdasinghe @ashane_w]

https://t.co/eEIT2vtY42

[Ashane Wàdasinghe @ashane_w]

One False Truth about money I learnt:

You need to work your elbow grease to be rich.

[Ashane Wàdasinghe @ashane_w]

What does hoarding Plastic Boxes in the pantry, tells about someone’s personality?

[Ashane Wàdasinghe @ashane_w]

The Real Reason Smart People Make Bad Money Decisions

https://t.co/WyPui2OqWf

[Ashane Wàdasinghe @ashane_w]

Most people don’t struggle with money because they lack income.

They struggle because they avoid decisions.

I write about:
• How people think about money
• How can they make better financial decisions
• What actually builds wealth