Applying Wealth Wisely

A reader recommended a book about Living with a Seal. The book is an entertaining read, but I did find myself swearing far more than usual afterwards (burpee test!).

The book is about a marathoner who spends a month training with David Goggins (former seal). Having done extreme training, I think it’s safe to assume the rest of the guy’s life was on hold during his month with Goggins!

Complete control of your schedule and the ability to focus on one thing for an extended period of time.

Whether you want to train with a seal, start a business, write a book or simply get really, really good at something… the ability to control your schedule is the starting point for your journey.

Can you take a month “off” to focus on “one thing”?

A month is a good unit because it’s about what it takes for me to start a new business, write a book or bump my level up in anything.

As an elite athlete, I’d spend 13-week blocks focusing on my sport. By that time, I was already good, and seeking to become the absolute best I could be.

You need time because a second use of wealth is accessing, then following, the ACTIONS of world-class teachers.

Advice without action is entertainment.

I’ve been guilty of throwing money and other people’s time at anything I found unpleasant. It can be a winning strategy but it was a band-aid for unnecessary complexity in my life choices.

If you’re a do’er then work towards control of your schedule so you can learn-by-doing alongside the best.

Parenting is similar to learning to swim — we’re not going to become world class on a couple hours per week!

Make sure your mentors have the sort of lives, and character, that you’d like to emulate.

Chose wisely!

Mental Health for Aging Athletes

Lucho shared this video of David Goggins.

So many memories come back when I listen to Mr. Goggins share his truth.

It takes courage to change.

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Here’s something I learned from the greatest triathlete of my generation…

If your mental health relies on a physical expression of self then focus your drive on reducing your patterns of self-harm.

Everything else is details.

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Some useful details…

What’s your objective?

Can you answer this question simply, and immediately?

What’s your objective?

Not because of the the importance of whatever you are working on.

Rather, because working towards an objective gives structure to your days and meaning to your life.

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What’s your pattern of daily release?

Strength training and uphill cardio have better long-term outcomes than…

  • drugs and alcohol
  • violence and anger
  • outrage and gossip

…if your current alternatives aren’t working then consider…

Strength training and uphill cardio.

Whatever works for you… remove the things that prevent you from getting your daily release.

Pay attention to the habits that screw up tomorrow.

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What is your pattern of breakdown?

You are going to see this in your peers, before yourself.

The closer you are to the sharp end, the brighter your flame will burn.

Whether it is 5, 15 or 25 years… each body and mind has a limit to the amount of elite-level output it can sustain.

Similar to how you conditioned yourself to endure, train the capacity to appreciate when you’ve had enough.

  • Enough pain
  • Enough challenge
  • Enough exercise
  • Enough work
  • Enough glory
  • Enough winning
  • Enough dessert

Encourage the humility required to admit you’ve had enough.

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When life seems out of whack, return to the basics.

  1. Objective
  2. Release
  3. Patterns of Breakdown

Then…

  • Do good deeds in private.
  • Be your own hero.

Six Weeks

2017-05-14 20.51.55A useful heuristic from @mdotdoc

It takes six weeks to create an overuse injury

This rule of thumb works very well and has a number of implications – particularly if you are sick or injured on a six-week cycle!

Before undertaking a new initiative, I remember the good doctor’s advice and ask myself…

Do I think I can sustain this initiative for six weeks?

Here’s an example…

I want to do a lot of skiing next winter. I know that my limiters are quickness, anaerobic endurance, balance and “all-three-at-the-same-time”.

I spent an afternoon researching my options to address my limiters. In researching the plans, I realized that I lacked both the will, and the capacity, to do what was required.

Circling back to the six-week heuristic… I came up with a plan — 12 traditional strength workouts and 12 plyometric workouts. Each session is 15-30 minutes long.

The total commitment is 8 hours out of 42 days.

Seems tiny.

Three weeks in… I’m getting it done, just!

Long-term progress comes from keeping small promises to yourself via daily action.

The habit of one positive step, daily, is more important than the height of the step.

Effective Real Estate Ownership

When you buy real estate, what’s your goal?

We want to live in a fabulous place, while getting rich on asset appreciation.

It sounds great but the choice of moving into an affluent community increases expectations, and cost of living.

“So what?”, you say.

The hidden cost can be time for our kids and marriage.

In the Great Recession, I changed course…

We aim to create a portfolio of assets enabling us to live for free in an effective public school system that’s close to nature.

In your teens, you will start to make investment decisions… how much to work, spend, save, donate and borrow. You have 50 years to create your portfolio!

Live for free:

  1. In high-school: with your parents
  2. As a young adult: a place where your roommates subsidize your cost of living
  3. Next: a house with many bedrooms — the first place I owned had the capacity to support me via roommates
  4. As soon as I “could afford it” — I made a mistake with a large, expensive to own, flash property!
  5. …but I found myself unexpectedly unemployed and we couldn’t afford it
  6. Eventually, we wised-up, downsized our home, and bought rental properties that covered our mortgage and healthcare.

When my wife is 65, the mortgage will be paid off, the kids will be educated and her retirement self-funded by the residual real estate portfolio.

How much of our cost of living can be permanently covered, or hedged, by this decision?

Most people aspire towards material goods, appearances and spending.

I urge you to patiently buy time, personal freedom and shared experiences.

Most of effective investing is learning, saving and waiting.

 

The Road Ahead

Four recent reads.

A neat concept from Pasricha is to view a week as three bins of time.

  • 168 hours in a week.
  • Splitting into thirds, we get three bins of 56 hours.
  • Most folks drop two bins (112 hours) into sleep, work and commute.
  • Leaving 56 hours for everything else, which happens to be the subject of his book.

The author encourages us to have a look at our allocation. Here’s mine…

  • Sleep and unscheduled personal time – 65 hours
  • Kids — meals, bedtime, homework, housework, dad time and school drops – 40 hours
  • Exercise, strength training, time in nature – 21 hours
  • Admin, taxes, legal, finances, writing – 15 hours
  • Travel, Driving – 15 hours
  • Open, Reading – 12 hours

When I bring energetic action, time and expert instruction to an area of my life… I get results.

If it’s not happening then it’s not a priority.

Better to tell the truth — especially to myself!

Younger Next Year was written for Baby Boomers but I found it entertaining and useful.

Around 2030, I’m going to have a 40-hour slice of time land in my lap. Leaving my desk job in 2000, I have been through much of the author’s story. What I haven’t dealt with is aging and decay!

This winter, I learned to ski well. Learning to ski was humbling — I found myself lacking in absolute power, power endurance and quickness. Add that experience to the gradual deterioration of my vision. Aging and decay!

Through an explanation of Harry’s Rules, the book reminded me of other potential gaps in my life — connection, commitment, passion.

“Kids” have taken a big slice of time in my forties. Because we’re likely to have another 15,000 hours to come, I’ve been working on up-skilling everyone.

Some day the “kid” slice will be gone. My marriage will remain.

The two books by Gray (as well as The Soul of the Marionette) were fabulous and challenged the narrative my local community tells itself.

When I’m doing, connected and engaged…

…I don’t overthink any passing emotional state.

It’s worth making an effort to fill-the-gaps.

It wasn’t enough

When I follow my own advice, life is better.

At the back of my mind, especially with kids, I have a desire for life to be “easy.”

My desire makes me chuckle because my “easy days” are often boring.

Based on eight years of parenting… easy is not going to happen so focusing on “better” is a smarter option.

From time to time my appetites come up with ideas to make my life _even_ better.

  • These ideas might be small — five beers, two burgers, large fries and couple desserts
  • They might be large — a vacation property with a cost of ownership that doubles my core cost of living
  • Many fall in between — clothes, vacations, sports equipment, alcoholic beverages, risk-seeking friends

These desires pop up as an emotion associated with pleasure, excitement or release.

Certain choices, situations and people are associated with bad outcomes.

Despite an association with pleasure, excitement or release… many of my desires are highly-likely to lead me to bad outcomes.

To tame my appetites, I pause and consider the last time I gave into that specific appetite…

I ask myself…

Was it enough?

It was never enough. Not even close!

I remember always wanting more, even while I was getting what I wanted.

My desires are frequent, but my specific desires are fleeting.

They come and they go.

If it wasn’t enough then maybe I should find a better way to live….

…and that’s the system that I’ve been sharing.

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What’s your system?

Is it working?

Too Tired To Change

2017-02-07-08-11-04Picking up from last year

What one thing, if it happened, would change everything?

  • Keep it simple
  • Do it daily
  • Set a low bar for success
  • Stretch your limits when overall stress is low

As a coach, I used the above with regards to athletics => better nutrition, sleep and emotional control. Sort those components THEN crank specific stress.

The challenges facing a new parent

  • life stress never feels low
  • we start with no skills
  • we have unreasonable expectations

If you’re facing challenges in your family life then I’d encourage you to acknowledge the above.

Being honest about my limits makes it easier to improve and cope with the inevitable errors.

If I pay attention to my errors, they are most often associated with being tired. You may find this in all areas of your life (emotional control, food choice, substance abuse). You might also have other triggers (hunger, anger, loneliness).

I really like being tired. Fatigue settles my mind and helps me fall asleep.

The trouble comes when I make a big unforced parenting error before bed!

Errors can haunt my consciousness for days.

So this post is about fatigue and change. However, if you look deeper, it is about how I am choosing to invest my emotional energy towards success.

Our values are reflected in where we are willing to make an effort. My values are greatly influenced by peers, environment and media inputs.

So doing a better job at home meant letting go of areas, peers and situations where I used to compete.