Saturday Success: detachment, money's relative & 7 rules for growth
Welcome back to the Saturday Success Series email!
This week we have:
Master Yourself: Detachment is a life preserving art
Master Your Money: Everything is relative
And of course…
The Weekly Special: 7 Rules for Self-Improvement
The goal here is maximum value, so let’s get to it.
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Master Yourself
We become way too attached to things. Outcomes. Opinions. People.
If you can find ways to detach from these things, you’ll save your sanity.
Don’t be attached to outcomes that aren’t yours to determine.
When my sister was in active addiction, I wanted her sobriety more than she did.
I had to detach.
I want the war in Ukraine (have family there) to end. But, it’s not up to me.
I have to detach.
You want your kids to be successful. But it’s not really up to you.
You have to detach.
You get the idea. Most outcomes aren’t up to you. So let them go.
Don’t be attached to your opinions.
You’re probably wrong anyway.
And even if you aren’t…why exactly do you care so much? Think about all the dumb things humans argue over. How many really matter? Very few.
Hold your opinions loosely. Be open minded. Be helpful.
Don’t be attached to people who don’t serve you.
I’m lucky to have friends I’ve known almost my entire life. But some of them no longer serve me.
I don’t mean this in a “wow, you sound like a horrible person” way. I mean as I got older I realized how negative some people are. And I’m trying to live in the light.
People who always have problems? Leave them alone. They want to live in the dark. Avoid and stay happy.
Master Your Money
Everybody's situation is so different.
This is why The Psychology of Money is a must read.
It's easy for one person to live on 30k/year because maybe they live with their parents or their home is paid off.
It's hard for other people to live on 300k/year because they're surrounded by people who make 1 million + per year.
Everything is relative.
You have to figure out what's best for you. And it’s not a cookie cutter answer I (or anyone else) can provide.
Weekly Special
7 Rules for Self-Improvement
Self-improvement is not a linear process. Nor a step by step one. It looks different for everyone.
But there are a few basic rules anyone can master.
So if you need help getting started, here’s quick hitting list to get you moving.
Health is a priority
You’re nothing with your health. Nothing else matters if your health is garbage. You understand this if you get really sick. You can’t accomplish sh*t.
It pays dividends to sleep well, eat well and move a lot. Oh and to reduce your stress level every chance you get.
Always be reading and learning
Smart, wealthy people read to learn. They don’t read for entertainment. Though they do think learning is fun.
I can’t even count how many successful people claim reading as their number one hobby. Maybe even more than a hobby, more of a must do.
Reading was the catalyst for my entire life upgrade.
Be radically honest with yourself
You don’t level up until your honesty level goes up.
Question your opinions. Recognize when you’re making excuses. Have conversations with people who see the world differently than you do.
But most of all, don’t tolerate your own BS any longer.
Understand compounding
Compounding works with both money and habits.
Let’s say at 25 years old you invest 5k into a stock account. Then you never added another penny. When you went to retire at 65, that account would be worth 109k. If you decided to add 250/month to it every month…it’d be worth 919k.
That’s your money compounding.
But habits do so as well. If you invest in your well being, you’ll be healthy. If you invest in your relationships, you’ll be happy. You get the idea.
Seek out actionable advice
Lazy advice does us no good. We need to know what to do with it.
Seek out actionable advice and then create actionable goals.
Lazy goal: I want to sell more.
Actionable goal: I will reach out to 10 new prospects and 2 former clients every day.
Fix your finances
If you don’t learn how to make money work for you, you’ll be working for money forever.
Start simple- create a budget. Track your incoming and outgoing money. Open a brokerage account that has free trades. Buy ETFs.
Don’t overcomplicate things or try to time markets. Just start buying assets and holding them.
Create a plan, stick to it
F*ck your feelings, follow your plan. That’s my mantra.
Read the best stuff you can get your hands on then apply it to your life.
Build a plan around everything you learn.
Then follow that plan relentlessly.
Thanks for reading! If you found this valuable, please share with someone who could use it. See you next Saturday!
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