The Daily Meaning
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Generosity is Caught, Not Taught
One of our six-year-olds, Finn, has a selfish streak in him. While Pax is always quick to share and give, Finn likes when things are about Finn. He’s less likely to share, more likely to take, and prefers when people bend their will to his desires. I’m sure many parents can relate to this story.
Permission to Push Pause
I love it when people gain traction in their finances. They know what they are trying to accomplish, they get intentional, they make sacrifices, and they execute. It’s a beautiful thing. There’s a sense of satisfaction, confidence, and accomplishment that comes from such an experience.
But then, life happens!
The Parable of the Cyclone Tickets
Generosity needs to be a two-way street. We can’t be truly generous if we refuse to be humble and grateful receivers. When we learn to accept generosity from others, it unlocks something special in our faith journey and our relationships with others.
A Weird New World
Here’s one thing I do know. We can’t wish it away. We can’t sit back and say we don’t want it to exist. It’s here…..and it’s probably not going away. Will we wake up one day in a world that looks like Terminator 2? Perhaps. But in the meantime, we’re living in a world where everyone has access to these tools with limited or no cost.
Today's Work Matters
Happy Monday! If you’re reading this, there’s a strong chance you’re working today. If so, thank you. Your work matters. Whatever you do, someone’s life will be better as a result of your good work. That someone may be your colleague, or your boss, or your client, or your customer, or someone I’m not even thinking about. But rest assured, when you do good work, the world is a better place. Your work matters. Thank you for doing the hard work. When your head hits the pillow tonight, I hope you feel a sense of satisfaction and accomplishment. If we’re blessed, we’ll have the opportunity to do it again tomorrow. When that happens, I’ll be grateful for you again. Your work matters.
When In Doubt, Zoom Out
Life seems binary, a constant string of extremes. It’s either “yes”…..or ”no.” Someone buys our product…..or they don’t. We achieve our goal…..or we don’t. Someone downloads our podcast episode…..or they don’t. Here’s one thing I do know. When we focus on these singular outcomes, it can be immensely frustrating.
Netflix For the Entire Town!
I was recently in a coaching session when things got heated between the husband and wife. They were trying to figure out how to free up some cashflow in their monthly budget so they can lean into things they actually value. Here’s where the conversation broke down. One spouse wanted to cancel Netflix and the other wanted to cancel Hulu.
"I Would Have Felt Guilty"
I was recently meeting with a client who just did something out of character for his wiring. He purchased two things that were very much wants. Outdoor equipment and tickets to a few events. On the surface, these are very normal and customary purchases for most people…..but not for him. He’s wired as a big-time saver and these types of decisions don’t come easy for him.
If You Won the Lottery
What would you do if you won the lottery tomorrow? Would you stay at your current job? Would you immediately quit? Would you try something different? Would you take a different job in the same industry? Would you shift to an entirely different industry? Think about your answer before moving on to the next paragraph………
Simple, But Hard
When talking to friends and acquaintances throughout the course of life, I regularly hear criticisms and complaints about financially irresponsible people in their life. Maybe it’s their grown child, neighbor, sibling, friend, or colleague. Since I’m the guy who helps people with money, they perceive me as a good outlet to vent these frustrations.
The Problem With More
“The problem with more is every time we get more, more is still more.”
- Travis Shelton
Laugh, Then Move On
I have a really bad habit. Every time I speak, record a podcast, create a YouTube video, or have a meaningful meeting with someone, I replay it back in my head in the hours and days that follow. Not only that, but I dissect and criticize everything I did or said. “Travis, you should have said ____.” Or “Travis, you shouldn’t have done _____.” All the way to, “ Travis, you screwed up that part where you could have made an impact!” The self-talk can become a death spiral! I hope I’m the only one who experiences this, but I’m afraid many others like me are out there.
What is Enough?
A couple just told me $525,000 isn’t enough money to make ends meet in their town. They were dead serious. It took every ounce of me to keep my composure in that moment. As a point of reference, the median household income of their city is around $85,000. In other words, they make 6x the median income……and are whining about it not being enough to make ends meet. To further exemplify the absurdity of their statement, they are in the top 1% of ALL Americans. Yet, it’s “not enough.”
Don't Let Your Memory Become a Nightmare
In yesterday’s post, I talked about the idea of investing in memories and not dwelling on the cost. The key point was that memories will last forever, while you soon won’t even remember what you paid for them. Two readers quickly pointed out this perspective seemed a bit negligent. That it’s irresponsible to recklessly pursue memories at the risk of impairing one’s financial life.
I Don't Even Remember the Cost
Ten years ago, my buddy Nick was about to have his first child. In a moment of panic, he called me and said we need to fly to Dallas to watch Dirk Nowitzki play before the baby arrives (insinuating this could be his last chance to make that dream a reality). I immediately said yes, but added one condition: “we’re only going to do this if we sit courtside.”
The Power of Not Stopping
My business partner recently confessed he hates our podcast cover art. Shocked at his statement, I responded, “what do you mean you hate it? You made it!!!” I thought I had him! He’s going to insult his own baby? His response to my response was, “I didn’t think we’d make it past 20 episodes, so I just threw something together quickly.” Wow…..!!!! How dare he!
No Longer Interested
Many people have this blog delivered to their inbox each morning. It’s free to subscribe and you should totally do it! The platform I use to distribute it provides me with a lot of insights and data. How many people are opening the e-mail, what links they are clicking, what other articles they are reading. So. Much. Data.
It's All Going to the Landfill
Nearly every possession you currently own will end up in a landfill before too long. It’s sad, but true. Even crazier is that some of our more expensive items (technology and clothing) will likely end up there in a matter of years.
The Power of Scarcity
I’m a World Cup fanatic. I don’t watch a lot of soccer year-round, but at the same time, I’m on record believing the World Cup is the greatest sporting event in the world. Country vs. country, so little margin for error, and billions of people watching. The stakes are so high. However, there’s one other ingredient that helps create World Cup magic. Scarcity. It only happens once every four years and only 32 countries qualify. In other words, it’s a huge deal!
Home Alone: Thanksgiving Edition
Home Alone is on my Mount Rushmore of holiday movies. It’s a classic! I think what makes it particularly special for me was the fact I was the same age as Kevin McCallister when it came out. I always pictured myself in Kevin’s shoes. Eating tons of junk food, watching R-rated movies, and beating up bad guys with gruesome handmade booby traps!