The Daily Meaning
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Relationships Over Riches
In my public speaking, a common thread I like to pull is one revolving around the science of happiness. Specifically, the decades of research conducted to figure out if money makes us happy. It does, and it doesn’t. It does……until our basic needs are met (plus a little more). Then, additional money doesn’t make us much happier. There’s more to unpack here in a future post, but I want to get to the next part of what I share in my public talks
In my public speaking, a common thread I like to pull is one revolving around the science of happiness. Specifically, the decades of research conducted to figure out if money makes us happy. It does, and it doesn’t. It does……until our basic needs are met (plus a little more). Then, additional money doesn’t make us much happier. There’s more to unpack here in a future post, but I want to get to the next part of what I share in my public talks.
If money doesn’t make us happy, what does? Behavioral scientists have found several things that help drive happiness in ways money cannot. Towards the top of the list is genuine relationships. You know, the real deal, be honest with each other, support one another through thick and thin, accept each other even if we disagree type of relationships. Science shows those types of relationships significantly drive happiness.
Last night, I attended the wedding of a dear friend. Her name is Megan. I met Megan shortly after she turned 15 years old. She was a youth group kid and I was one of her leaders. To this day, I still can’t put my finger on why she and I connected so well. I was there when she got her license, when she started dating her first boyfriend, when she won the state basketball championship, when she welcomed my twin babies as if they were her own flesh and blood, when she graduated high school, when she started her student teaching, when she graduated from college, when she got her first adult job, and when she met the man she would soon call her husband. We’ve been through a lot together!
Today, she’s my close friend and my little sister. And her husband? His name is Collin and he’s like a brother to me as well. As I was sitting in the banquet hall last night, I couldn’t help but look around and think about how important so many of those people in the room are to me…..and to Megan and Collin. These people have deeply impacted my life in so many ways. It’s moments like this when I’m quickly reminded how meaningless so many of life’s “important” things are. If someone put a gun to my head, I’d take my people over all the trappings this life has to offer.
Collin and Megan, I love you and I’m proud of you!
My people, you know who you are! Thank you. You make life worth living, and you are worth far more to me than the riches of this planet can provide.
Suffering in Silence
It’s always heartbreaking to hear the constant news of suicides in our country. It’s tragic and far too common these days. This topic came into full view this week with the tragic suicide of a celebrity especially known for his joy and positivity. How can someone so popular, beloved, positive, and joyful take their own life? Unfortunately, so many people suffer in silence. What we see on the surface isn’t necessarily what’s underneath.
It’s always heartbreaking to hear the constant news of suicides in our country. It’s tragic and far too common these days. This topic came into full view this week with the tragic suicide of a celebrity especially known for his joy and positivity. How can someone so popular, beloved, positive, and joyful take their own life? Unfortunately, so many people suffer in silence. What we see on the surface isn’t necessarily what’s underneath.
I used to have a road rage problem. Just ask my friend Brook from our Memphis days…..yikes! When people would react obscenely or aggressively toward me, I would freak out. I’m lucky I didn’t get myself killed. Then one day, I heard someone say something that forever changed my perspective (and how I try to handle myself). When we cross paths with people throughout the course of life, we don’t know what they are dealing with at that moment. Today may be the worst day of their life. They may have just received heartbreaking news, experienced a broken relationship, lost their job, or a myriad of other circumstances.
I often get asked how I navigate my client relationships with empathy and patience. I think it’s primarily because I know people are dealing with lots of life. But in our coaching, that life (good, bad, and ugly) comes to the forefront. So while everyone else wonders why x person would make y decision, I have a front-row seat to what’s really going on behind the curtain. It’s a privilege and an honor, and one I don’t take lightly.
When you’re out living life, always remember that so many around you are suffering in silence. Just being aware of this fact allows us the opportunity to make a positive impact on their lives. Or conversely, not make a negative impact on it.
I know today’s message isn’t as cheery as most days, but maybe that’s the trigger we each need today to be a force of encouragement and light to someone silently living in the dark.
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.
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.
Finn has his own Christmas tree on his nightstand. It’s actually a shared tree between the two kids, but Finn is Finn. It’s a tiny little tree, obnoxiously filled to the brim with gaudy ornaments and lights. It’s very Finn-like. Yesterday morning before school, he was walking around the house with his tree’s LED star topper. When I asked what he was doing, he said, “I’m going to give this to Miss C (his teacher). Her tree needs it more than mine does.” This is one of his prized possessions! I was there when he presented this to his teacher just an hour later. She was quite taken back…..almost brought to tears. She walked him over to the classroom tree and let him place it atop. It was a very sweet moment.
To be honest, there are days when I wonder if my parenting is working in any shape or form. But I always go back to a quote I once heard, “more is caught than taught.” We as parents (or colleagues, neighbors, family members, etc.) need to remember this. We can say things until the cows come home. It may or may not make any difference….probably not. But when we live it? When we live it is when it comes alive! People are watching. People are always watching. They are watching what we do, not what we say.
Be generous. Always be generous. Then when in doubt, be generous some more. When we live in an open-handed posture of generosity, it becomes contagious. Not immediately, and not for everyone, but most certainly someone. And often, it’s the people we spend the most time with.
Dear God, please let my kids see, feel, and own the spirit of generosity - today and always. Amen!
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!
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! A job change, a wedding, a baby, a relocation, a career shift, a medical emergency, a new small business idea, kids college……the list goes on and on. These things are the very definition of life. There’s nothing linear about life. It’s a series of twists and turns, tragedies and delights, anxiety and confidence, sadness and joy.
While on a financial journey, especially if we’re really locked in and making progress, it can be easy to get fixated on the financial matters. After all, financial progress is a good thing. However, it can’t be the most important thing. If our finances become the most important thing, we’ve lost the game. Our finances should serve our life, not the other way around.
For that reason, you have permission to push pause. When life happens, we need to give ourselves permission to push pause on the finances and address the life in front of us. No guilt, no regrets, no second-guessing. Yes, this money stuff is important…….but the other things are more important.
I have multiple clients that have pushed pause on some of their financial endeavors so they can focus on life. Some of the best things life has to offer, and some of the worst things life has to offer. The highest of highs, the lowest of lows, and everything in between. In each of those scenarios, they needed to push pause for a season. Not forever…..just for now. It was hard at first, but their finances serve their life, not the other way around.
* This idea was given to me by my dear friend Tracy. If you have ideas for future blog posts or podcast episodes, I’d love to hear them!
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.
In August of 2021, some dear friends generously gifted my family season tickets to Iowa State Cyclone football. It was such a sweet gesture, and those games created so many wonderful memories for our family. We were beyond grateful for the gift.
A few people asked me why we would accept that gift. After all, we didn’t “need” their generosity. We could have purchased our own tickets if we really wanted to. While that’s factually true, I believe this is a selfish and short-sighted way to view generosity. My friends didn’t buy tickets for us because we were in a place of “need.” Rather, they made this gift because they wanted to bless us. When that happened, I had two choices: humbly and gratefully receive their gift……or steal their blessing by turning them down. I chose a posture of humility and gratitude.
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.
Fast forward to this season: we purchased our own season tickets. It most certainly wouldn’t have happened had we not experienced all the blessings that came from the generous gift the prior year. Similar to last year, we created so many fun memories together as a family. Tailgating, playing catch on the hill, cheering for our team, watching the band, stalking the mascot, and concession snacks. There were a handful of games we weren’t able to attend this year, so we did what felt natural: we found people to bless with our generosity. It was fun watching people enjoy our tickets, creating memories with their own families. One of them was my cousin. She and her husband were able to attend a game featuring each of their alma maters, as well as share the experience of taking their young son to his first-ever college football game. It was pure joy to make that gift, and I’m grateful they accepted it.
This is the parable of the Cyclone Tickets. You give, then receive, then give, then receive. It’s one of the things that makes life beautiful.
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.
Ok, something a little different today. Check out this poem about my friend, Gary Hoag:
Gary Hoag was a man with a heart of gold
His passion for giving was never old
He dedicated his life to spreading the light
Of Christian generosity with all his might
With a vision to inspire and a mission to lead
Gary Hoag set out to fulfill a great need
In the world of Christian giving, he took the reins
And showed us all the power of charitable gains
His impact was felt far and wide
As people were moved by his generous pride
They followed in his footsteps, each step with care
And together they built a community of givers who'd share
Gary Hoag will be remembered for all he did do
To make the world a better place, through and through
His legacy lives on in the hearts of those he touched
And in the world of Christian generosity, his impact is much
We give thanks for Gary Hoag and the light he brought
And continue to carry on his message of love and thought
For it is through giving that we truly find
The true meaning of Christian generosity in our lives.
Now you may be thinking to yourself, “I never pictured Travis as a poet.” Your gut doesn’t mislead you…..I’m not. You’d have to fact-check this with my Mom, but I’m not sure I’ve written a single poem in my 41 years on this planet. This poem was written in 15 seconds by artificial intelligence (“AI”). Gary and I were spending some time together over Zoom last night when the topic of AI came up. We spent some time messing around with its power of creating, compiling, altering, and expounding on ideas. It’s truly remarkable, and scary, what we’re looking at. To have so much knowledge and computing power available at our fingertips is a wild idea. What does this do to education, writing, research, law, engineering, and a number of other fields? It’s hard to say, honestly.
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 (the software we were using is 100% free).
And like most other innovations and technologies we as mankind has invented, we can use them for good or for evil. But we each get to pick. The choice is ours and ours alone. I’m not sure how AI will play a role in my life and my business, but I hope whatever it is I will use it for good. With great power comes great responsibility. Welcome to our weird new world!
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.
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.
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.
This idea came up full-force recently when meeting with a client. We were reviewing their last three monthly budgets. One month they were $300 over budget. The next month they were $400 under budget. The third month they were $200 over budget. Needless to say, they felt like failures. In their mind, a “win” is nailing the budget on the head…..or perhaps being within $50 of it. Based on their definition of success, they were huge failures.
When this happens, we need to zoom out. Instead of focusing on binary outcomes, we needed to look at the bigger picture. They had been budgeting for nine months at this point, so we totaled the discrepancy in their nine budgets. In total, they were $126 over budget over a nine-month period……meaning on average they come within $14 in any given month! Rarely do they get within $200, but they average being within $14. On a $7,000 monthly take-home income, they’ve come within 0.2% of their budget. Can we all agree that’s the definition of winning?!?!
When they focus on singular outcomes, they feel like a failure. When they zoom out, they realize they are succeeding at an incomprehensible level. Perspective matters.
This applies to most areas of life. Let’s give ourselves a little more credit…..and zoom out.
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 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.
This in and of itself isn’t an interesting conversation……until I point out the fact they spend $3,000/month dining out and another $1,800 on their combined car payments. Yes, you read that correctly. We are arguing about a $15/month service fee when just these two other categories alone account for $4,800/month.
At some point, I jumped into the conversation with the line, “with how much you spend on food and your cars, you could buy Netflix for the entire town!”
This comment cut the tension and caused a laugh, then we moved on. This sounds crazy - because it is - but is a perfect example of what happens when we unintentionally create sacred cows in our life. Without knowing it, we turn certain things into a non-negotiable. We cement it in our life and never again stop to think that perhaps there’s a better approach. This couple turned dining out and their cars into sacred cows, even at the expense of so many things they believe in and dream about.
They now have an opportunity to make a choice. And not making a choice is still making a choice. The same goes for you, and for me.
* The couple gave me permission to share this story. They thought the absurdity of their situation could help others….or at least give them a laugh to start their day!
"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.
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. Despite what our cultural narrative says, not everyone is out there recklessly spending and spiraling themselves into debt. Many people deal with a polar opposite, but equally destructive habit: hoarding. This is a rampant problem caused by a “responsible” segment of our society that demonizes spending and applauds saving. And if saving some is applauded, saving more gets an even bigger applause. This sentiment, carried over years and decades, has led an entire generation into a hoarding mindset.
What I love about my young friend is his self-awareness of this potential pitfall in his behavior. He recognized it early, keenly knew it probably wasn’t healthy, then took steps to address it. Today, he has a healthy balance of saving, spending, and giving. When I asked him about these purchases, he was excited to share the news. It was pure and genuine excitement. He added, “Before we started working together, I would have felt guilty.” This time? No guilt. Not one ounce.
No guilt, no regrets, and no second-guessing. Just intentional decisions that fit into his broader plan, to create experiences with people he loves, which will turn into lifelong memories.
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………
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………
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Ok, I’m back. If your answer was anything other than “keep doing what I’m doing now”, why? What is it about receiving a bunch of money that propels us from the work we’re doing today to the work we dream of doing someday? I think the answer is generally pretty simple: security and comfort. When we feel secure and have comfort, we’re more inclined to go do the thing we’re meant to do.
If that’s true, can we also say we’re willingly throwing away our dreams and unique calling by consciously (or subconsciously) pursuing security and comfort? If you know exactly what you’d do if you won the lottery, and it’s different than what you’re doing now, does it mean you’ve placed security and comfort over a more meaningful life?
It’s an interesting question to ponder. Hope you have a wonderful day!
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.
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.
On one hand, I completely get where they are coming from. We should handle money better…..and doing so is simple. However, just because it’s simple, it doesn’t make it easy. I believe personal finance is really, really simple, and really, really hard. Telling someone in your life to “do it better” is a fool’s game. That would be like me unsuccessfully trying to rotate the tires on my car and having my mechanically inclined brother-in-law tell me to just “do it better.” It may be simple, but it’s hard. I was never taught, so how would I know how to do it?
But here’s where it gets beautiful. If I desire to learn how to rotate tires AND my brother-in-law is willing to teach me, I too will learn the art and science of rotating tires. It’s simple, but hard.
Finance is the same way. If there are people in your life who struggle with finances and have the desire to get better, you have the power to teach them or connect them with the resources that can. It’s simple, but hard.
If you’re looking for a cheap and simple resource, we have a podcast. It’s free, it’s good (I’m totally biased), there’s a ton of content (170+ episodes), and its packaged in succinct 10-15 minute bites.
The Problem With More
“The problem with more is every time we get more, more is still more.”
- Travis Shelton
“The problem with more is every time we get more, more is still more.”
- Travis Shelton
Yes, I just quoted myself (#partyfoul). I say this all the time. If you’ve spent any length of time with me, this has undoubtedly come out of my mouth at some point. We have a “more” problem in our culture. Nicer cars, bigger houses, newer tech, grander trips. More, more, and more.
None of these things are inherently bad, but more doesn’t satiate. This is the curse. Every time we get more, we receive a glorious and instant dopamine hit…..only to feel a void once the high subsides. And the only way to get that feeling again? More. And the cycle continues.
The pursuit of more feels like we’re a hamster running on a wheel. There are only two natural outcomes: 1) we jump off the wheel and stop the madness, or 2) we eventually run ourselves into the ground. Unfortunately, most people are choosing the latter.
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.
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.
Along the journey, however, something happened. I got to the point where I was recording so much content, speaking to so many audiences, and having so many meetings, that I couldn’t afford to dwell. I realized every moment I spent dwelling on what happened robbed me of the opportunity to make a difference in the next one. I also came to the realization none of this defines me. It’s a moment in time. It’s not my identity.
I’m glad I’ve progressed in this area, as I recently lived out my public speaking nightmare. I was emceeing Sunday services at my local church, as I do once every 6 weeks or so. I’m notoriously bad at recognizing when songs are coming to a close, so I always have the worship leader give me a little visual signal when it’s my cue to approach the stage. If done well, I’m in the right position a few seconds before they wrap up.
During the first service, my friend Kevin forgot to give me the signal. So there I was, realizing I need to be up there about 2 seconds ago, sprinting up the stage and into position. Not ideal, but it wasn’t a huge loss. Fast forward an hour. As I’m waiting for that same moment during the second service, I don’t trust Kevin to give me the signal (shame on me!). Instead, I thought to myself, “I got this! I’ll judge it well.”
You can probably guess where this is heading. At the perfect moment, I casually and confidently walked onto the stage and into position. Except there was a problem: they were still singing……and they kept singing. Uh oh, I was early! I was stuck! I couldn’t leave. I couldn’t unring this bell. I was a hostage to my own poor judgment. All I could do was stand there, with the bright lights shining, acting as though I was supposed to be there. I’m not sure how long it lasted. It felt like four hours, but it was probably 45 seconds……45 very lonely seconds.
Several of my friends gave me a hard time afterward, and we shared a laugh at my expense. But then I moved on. I made a mistake, was able to laugh about it, then moved on with life. It doesn’t define me and it won’t bring me down. I’m sure I’ll screw up again soon, but when I do, I hope I’m able to simply laugh and move on.
If I can learn this, so can you! Laugh, then move on.
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.”
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.”
I asked them a very simple question, “what’s enough?”
They couldn’t answer the question, but they both agreed it’s more than the $525,000 they are currently making.
I have a client who has a combined household income of around $80,000. On the heels of this crazy $525,000-is-not-enough conversation, I reached out to this other couple and asked the same question. Their response: “it would be nice to make a bit more, but we have all we need.”
If you live with a posture of want, there’s no such thing as enough. You’re setting yourself up to lose battle after battle after battle. If you live with a posture of contentment, you’ve already won the war.
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.
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’m really glad they pointed this out to me! I couldn’t agree more. I was perhaps too casual or too presumptuous that people are avoiding self-sabotage in the process. I of all people should know better than to make this assumption. I work with people every day who make decisions that will haunt them for years or decades to come.
Whenever we make a financial decision, it has to fit within the broader context of our life. When I made the choice to fly to Dallas and sit courtside at a Mavs game, contextually I knew I could intentionally budget for it while still finding my balance between needs, wants, giving, and saving. If this opportunity would have presented itself 10-15 years earlier, I don’t think I could have said the same thing. Back then, a similar decision could potentially have knocked me off balance, or incentivized me into debt. When we make those types of choices, we create a scenario for ourselves where our memories turn into nightmares.
Each summer, Sarah makes the case for us to buy a small condo in a popular nearby lake community. She dreams about all the memories we can create there, as well as all the family time we would get to share together. She makes some very good arguments….and it sounds amazing. However, we then have to consider how it fits into the context of our broader life. Unfortunately, choosing to purchase this condo today would have deep negative ripple effects that could quickly turn into a nightmare.
Memories matter, but not when they haunt us for months or years to come. Choose wisely and choose carefully. When you do, those memories will be beautiful….and priceless!
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.”
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.”
Nick’s next question was obvious, “well how much will those seats cost?”
Me: “no idea, but it doesn’t matter.”
He reluctantly said yes! We quickly bought our plane tickets, hotel room, and game tickets. Then, we waited. He and I shared an amazing experience that weekend. Lots of good food, sights, and of course a Mavs game with a courtside view. Our seats were along the sideline in the direct path to the locker room. So to end our experience, Nick fist-bumped the entire team as they exited the court. Jason Terry, Vince Carter, Jason Kidd, Shawn Marion, Lamar Odom…….and yes, Dirk Nowitzki!
To this day, I don’t remember what we paid for those seats, or what the trip cost for that matter. But those memories, shared experiences, and stories will last a lifetime. It’s a small but powerful example of investing in memories. My stuff will eventually die in a landfill, but these memories are forever.
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!
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!
19 months after starting the podcast, we’re more than 170 episodes in and we’re just getting started. On the outside, it seems like we have it all together, brimming with confidence. It couldn’t be further from the truth. There are so many times we want(ed) to quit. After all, quitting would be easier. Sometimes it’s hard to keep going when the going gets tough. Perhaps we’re just too stubborn to quit. We fail at something, so we try something new. We fail at that, so we again go back to the drawing board.
Podcast analytics can be hard to come by, but there’s one site that attempts to put it into perspective. Of the roughly 2.98 million podcasts that exist (which may also approximate how many have ever existed), they say we’re in the top 3% of all-time. We’re no Joe Rogan, that’s for sure. I think this statistic tells us more about everyone else than it does about us. To me, this is a measure of persistence. Most people quit, but we didn’t. We hope to produce amazing content for an ever-growing global audience for years to come, but that dies the moment we give up. Translation: we aren’t giving up…..even when it gets hard. The mission is too important to let our discomfort get in the way.
There’s at least one area of your life where this concept needs to be applied, and you know exactly which one. Go for it! I promise it will be worth it.
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.
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.
However, there can be a downside to all this info. A few days into this new blog format, I noticed someone unsubscribed. This was of course someone who doesn’t know me and doesn’t realize how valuable all this content is, right!?!? haha! I clicked into it and saw the name of a close friend. Wait, a close friend unsubscribed? It wasn’t enough to just ignore my e-mails and maybe come back down the road if/when they’re curious? Nah, they took an intentional step to rid me and my content from their life. Ok, now I’m just being dramatic.
When they unsubscribed, the chosen reason was, “no longer interested.” Double ouch!
I learned long ago that many people in my life don’t much care for my work or my perspective. For a while, it hurt. I was confused. Why wouldn’t they care about what I have to offer? Well, they just don’t….and that’s ok! About twice per week someone will say to me, “sorry, I don’t listen to your podcast.” My response is always, “that’s ok…..I don’t follow you to work, either.”
Many of my close friends don’t read, listen, or watch ANY of my content. My own wife doesn’t even listen to the podcast. On the other hand, we have listeners all over the world and we periodically rise up the charts in Italy and Belize (no idea why!).
All we can do is share our passions, ideas, and gifts with the world, and let the chips fall how they may. When we have the courage to do so, the right people will find us. Our people. The audience we were meant to serve. If you’re one of them, I’m grateful for you. If you’re not, I’m still grateful for you and hope you’ve found your people.
The world deserves what you have to offer!
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.
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.
I’m not demeaning possessions. Rather, when we stop and think about this idea, it has the power to shape our decisions and behaviors. It doesn’t stop me from buying things, but it does force me to consider the opportunity cost. Namely, the opportunity to spend on things that won’t end up in a landfill. In the words of my dear friend Gary Hoag, “invest in mission and memories.” That’s why generosity, travel, and experiences are my family’s biggest categories. While the computer I’m typing this on will soon end up in the landfill, these other things will live forever.