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In Ten Years…
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The Growth Guide PodcastThis Newsletter is brought to you by the Growth Guide Podcast. By having conversations with best-selling authors and subject matter experts, I’m able to share what I learn with you, the reader. But, to have great conversations with people you and I want to learn from requires us to move up the charts and get access to guests. That’s why, my friends, I’d like to ask you to take thirty seconds to Rate the Show. If you leave a Review, I’ll be over the moon and we’ll feature you in a future newsletter or podcast episode. Now, back to your regularly scheduled newsletter. GratitudeIf you and I were chatting in 2020 and you said today this newsletter would go out to 19,000 people today and we’d:
I’d tell you, you’re crazy. But, I’d be the crazy one, because it’s true. Even more, we didn’t even Press GO on the journey until November 2020 when I had the idea to create Mission 2030 as a path for my future. The driver of Mission 2030 is something we talk about a lot:
But, that’s too simple. It’s more complicated than that. To be able to know what I want and understand what it takes requires clear thinking, deep work and constant questioning, which we’ll talk about today. Before we do, though, I want to say Thank You for: Reading Watching Your Downloads Your Ratings + Reviews Without you, this platform wouldn’t exist. With you, we’re going to do amazing things over the next 10+ years. In Ten YearsThis is such a powerful prompt. I want you to think of a few ways you can use it and I’ll share some of mine, in Ten Years:
The first question prompts me to remember my mortality. In his book Die With Zero, Bill Perkins, talks about the fact of focusing on what we can do in our lives while we’re still healthy enough to do it. In ten years, I’ll be 55 and likely won’t be as fit or healthy as I am today, but I will have more money. When it comes to vacation planning or activity planning, I can focus on activities or bucket list items that may require me to be more youthful today, while saving long-term bucket list items that don’t require health and mobility. How Old Will My Parents BeSahil Bloom, who writes the Curiosity Chronicle, one of my favorite newsletters, has written about an important lunch he had. He was living on the West Coast and talked to a friend about how infrequently he saw his parents. When his friend asked their age and how often he went home, he determined the maximum number of times Sahil would likely see his parents again – it’s just math by taking their life expectancy less their age multiplied by the visits per year. To Sahil, though, it wasn’t just math. It was a sobering wakeup call to how few times he may see his parents. It was sobering enough that he and his wife made a decision to move back to the East Coast to be closer to home. Asking how old your parents will be in ten years may give you the wakeup call to spend your time with them, today. How Old Will My Children BeI regret not asking this one enough. My boys are 12 and 15 years old right now. Wow, in ten years, they’ll be 22 and 25 years old and starting well on the way to their own lives. If I’d been more serious about these questions a decade ago, I may have made different decisions on how I approached my time with them and the hours I spent at the office. Hopefully, you’re starting to see how a simple question can be perspective-shifting. Proud + RegretThis is fun. It’s two different approaches. For some people, asking what do I want or what will I be proud of is an easy question. They’re able to think about what they want to achieve in the next ten years and go after it – I’m generally in this camp, as an example. For others, this isn’t easy, so we have a fun approach. This one, we’ll credit to our dearly departed Charlie Munger, who was a big fan of inversion, often joking All I Want To Know Is Where I’m Going To Die So I’ll Never Go There. The idea of inversion is to understand what you don’t want and how to avoid it. If you know you don’t want to be overweight ten years from now, you may make healthier exercise or diet choices. By framing what you don’t want and building a plan to avoid it, you’ll likely end up in a spot you’re happy with. What do I Want To DoThis is a big one. Where do you want to be in ten years. For me, this is the most powerful question of them all. When I created Mission 2028 at the end of 2020, I said I wanted to:
Wow, I gave myself seven or eight years to get there. At some point, I thought I could achieve this as early as 2025…and…then…I realized I’m there…Right now…today… From January 2021 when we started recording the podcast to December 2023, three years, we largely completed our eight year plan. Once you know what you want to do and you have a plan to do it, the world conspires to help you achieve it. The Law of Action + The Law of Attraction = Amazing Results Net Worth and FinancesWhat gets measured gets managed. If you’re not tracking your budget, net worth and general finances, you’re likely not going to achieve your financial goals. Crazily, shortly after I started to consistently prepare and update my budget, net worth and track my financial goals, we were able to become millionaires and, shortly thereafter, multi-millionaires. It may not have been causation, but it sure had a high correlation, in my opinion. Start with your budget. Prepare your net worth statement. Ask yourself where you want it to be, in ten years. Once you’ve done those three things, get to work on achieving it.
TGG PodcastThis week on the Growth Guide Podcast, we talked to Christopher Chabris, a cognitive scientist who has taught at Union University and Harvard University. His research focuses on decision-making, attention, intelligence and behavior genetics. Chris joined us today to talk about the book he co-authored, Nobody’s Fool: Why We Get Taken In and What We Can Do About It. Consumers in the United States lost $8.8 billion to fraud in 2022. More than $3.8 billion of that was from investment scams. But, you don’t have to be one of the victims. In this podcast, we talk about why we get scammed and what to do about it, including concepts such as:
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