Saturday Success: sleep better, "don't ever" rules & how to master your money in 2 sheets
Making life & money work for you.
Welcome back to the Saturday Success Series email!
This week we have:
Master Yourself: BEEN method for sleep
Master Your Money: 2 “don’t ever” investing rules
The Weekly Special: How to master your money in 2 spreadsheets
The goal here is maximum value, so let’s get to it.
Interested in building your online writing into a 4-5 figure business? Get The Medium Formula for less than you’d pay for dinner.
Master Yourself
Sleep is the most important thing you can do for your physical and mental health.
Almost a third of Americans have chronic lack of sleep. Which leads to higher rates of obesity, heart disease, diabetes and a whole bunch of other crap you don’t want.
Before I get into it, I want to thank Neville Medhora for this.
Since I came across his idea a year or so ago, I’ve been practicing the BEEN sleep method.
Here are his keys to quality sleep.
Neville’s B.E.E.N. Method for getting high quality sleep:
• Book.
• Eat early.
• Exertion.
• No trace of caffeine/alcohol.
Book
Grab a book and read for 30 minutes before bed. Some people swear by fiction only before bed. I personally like reading a good “self-help” book so I have positive messages going into dreamland.
Eat early
You want a 3 hour buffer between your last meal and you hitting the sack. I tend to eat between 6–7 and go to bed between 10–11.
Exertion
Get up early. Workout. Move a lot. Stay busy and work hard. You should be tired at the end of your day. If you’re not, you didn’t do enough.
No caffeine/alcohol
I don’t drink alcohol at all anymore. But if you do, don’t go to bed buzzed or drunk. Your sleep quality is garbage. As for caffeine, I’ve really limited it but if you love it just keep it to 2pm or earlier.
Above all else- make sure you’re getting at least 7 hours of good sleep every night.
Hard to accomplish anything of significance without your batteries charged.
Master Your Money
You’ll get a lot of investing advice across the internet. Most of it stuff you already know.
Emergency fund.
Index funds.
Chill.
All solid investing tips.
I invest in stocks, crypto and real estate so I don’t stick to index funds (ETFs are my jam).
But I’m not here to tell you what to do. I want to share what NOT to do.
My 2 rules I never, ever deviate from:
1. Don’t overextend yourself.
2. Don’t overleverage in any one single position.
I aim to produce heavy cash flow so I can invest a lot for tomorrow and still be comfortable today.
My investments get dropped into various pots- stocks (mostly ETFs), crypto (a few coins) and real estate (residential, commercial & industrial).
The plan is simple, which makes it easy and solid, which makes it smart.
Avoid desperation at all costs. Either being desperate or listening to desperate people. People who start investing out of desperation tend to make terrible decisions.
There are people who take all of their savings and invest it. Then shit hits the fan and they can’t pay their rent because their portfolio just dropped 50%.
Or they mortgage their house on things like LUNA. And lose their homes.
How to ensure this never happens to you? Follow the two ‘Don’t Ever’ rules.
Weekly Special
How to Master Your Money with 2 Spreadsheets
Personal finance is a tough thing for a lot of people.
We aren’t taught it in school. Most people come from families who also don’t teach it. And there seems to be so many levels to understand. It’s overwhelming.
I’d like help make this easier for folks.
I use two sheets to keep track of all of my financials.
The Cash Flow sheet
The Net Worth sheet
Both are monthly but they measure different things.
Both are on Google Sheets, which is free.
Cash Flow Sheet
The simple version? All incoming money, all outgoing money, how much we invest.
The more in-depth version is below.
You can create calculations in the sheet just like Excel. Ex. =sum(B24:I24)
This way as I enter salaries, rent, investments, etc. the totals section is populated.
Your sheet will look different based on your needs (mine already looks different than this again). But the general idea is you have to know what’s coming and going.
Net Worth Sheet
This is the simple addition of all of our assets (what you see on the investment column above) minus any debts.
Again, use the formulas to do auto-calculations. This way you just plug your numbers and the sheet adds it up for you.
I also add our savings (emergency fund) to this sheet.
I keep track of our credit scores as well.
Yes, there are apps that do this. No, I don’t want to use them.
Money hits different when you input the numbers yourself and you look into your finances yourself.
Average people use apps. Wealthy people input their own numbers and watch their finances carefully.
Thanks for reading! If you found this valuable, please share with someone who could use it. See you next Saturday!
FREE resources to 20x your life. Updated periodically. Grab ‘em here: CAIT MACK.
Here’s a picture of the fam, Ceci just turned 8! Have a great upcoming week!
