The Daily Meaning
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Avoid Life-Altering Mistakes
In my ten years as a youth group leader, there's one piece of advice I levied on my young friends more than any other. Well, maybe the third most: 1) Love God, 2) Love others, and 3) Don't make life-altering mistakes.
11. Be Aggressively Patient
Yesterday was TJ's (Northern Vessel business partner) 30th birthday. To commemorate the day, he wrote and published "30 Lessons for 30 Years," a reflection on his journey to date. It was a fun list, full of wisdom and insights. Included was a phrase he talks about often: "Be aggressively patient."
Fatherhood and the Need to "Provide"
When I left my previous career, I did so with twin 3-year-olds and a wife who stayed home with them. Translation: we had a lot of mouths to feed, and I was the sole income for the family. A few days after announcing my resignation, a colleague pulled me aside. He was a few years older than me, also a husband and father. I thought he would congratulate me or perhaps wish me well in my future endeavors. Instead, he laid into me. He went on and on about how I needed to provide for my family. I was well aware of my responsibilities, as I had been thinking about it for months.
Empty Pantries and Rolexes
I had a fantastic week working in Midland, TX. The days were long and I missed my family, but I’m so glad I had the opportunity to make the trip and do work that matters. As I was flying home last night, I inadvertently found myself eavesdropping on a conversation happening immediately behind me.
Say "Yes", Then Enjoy the Ride
I've spent all week amidst the oilfields of West Texas. 105 degrees, sunny, strong winds, and a culture far removed from my normal day-to-day life. I've been on-site with a client, working on some fun but intense projects. It's been a series of 12-hour work days capped off by a delightful meal before returning to the hotel. It's been a challenging week, but it's been a rewarding week
No Good Deed: The Rest of the Story
Yesterday, I shared the story of a crappy flight experience where I tried to be generous and do the right thing, but quickly paid a harsh price for said generosity. If you haven't read that post yet, I highly recommend you do before reading the rest of this article. During this horrendous experience, I did the one thing that could possibly help me keep my sanity: I started writing.
No Good Deed
Yesterday, while waiting to board a flight, I heard my name called over the loudspeaker. Since I suspected I wasn't lucky enough to get upgraded to first class, I knew it wouldn't be a wonderful moment of my day.
The One Place....Yeah, That One
Question of the day: What’s that one place you want to travel to more than any other? Most people know the answer to this question, and you probably do, too.
Work That Matters Matters
On Saturday, I had the pleasure of spending the morning with our Northern Vessel Coffee team at the Des Moines Farmer’s Market. This market is one of the top markets in the country and welcomes more than 20,000 visitors every Saturday morning. Being invited to participate in the market this year was a huge win and honor for the business, and an opportunity we don’t take lightly.
Embrace the Training Wheels
I spent some time with a young man recently who is trying to gain the courage and confidence to make a big financial decision. He wants to invest, but the dollar amount feels heavy. It’s a huge responsibility, and he wants to get it right. Is he taking too much risk? Is he possibly putting himself in a bad spot? Is this a wise move? He’s saved up for a long time, so this is a big deal to him. It was $200. Yes, two hundred George Washingtons. This was a massive deal for him, but for you and me, it was yesterday’s trip to the grocery store.
Losing Together
Here’s the scenario. We have a married couple, with combined finances, and a shared vision. By all accounts, this is an amazing couple. They love each other deeply and genuinely love being married to one another. In the course of living life, one spouse makes a financial mistake. I’m not talking about buying a jar of chunky peanut butter when your spouse wanted creamy. I’m talking about a mistake that will inevitably cost the family nearly $1,000.
My Small Business Doesn’t Deserve Your Business
As anticipated, I’ve taken a fair amount of heat for my posts about small businesses (HERE and HERE). Perhaps they missed the preface where I clarified that I, myself, am a small business owner. My family’s survival rests solely on the fate of my small businesses. So when someone calls me a “big box retail shill”, it’s a bit confusing. Oh well, it comes with the territory.
Getting a Reset
We just got home a few hours ago from a fairly grueling trip back from LA. It certainly wasn’t the most grueling travel day I’ve ever had, but when you endure a 2-hour flight delay with two six-year-old boys, “misery” is an appropriate word to classify it. Nevertheless, it was a great trip. My talks went well, it was amazing to catch up with old friends, and we created some wonderful family memories.
Cutting What Doesn't Add Value
In last night’s workshop in Los Angeles, one of the topics I discussed was the idea of leaning into OUR values when making financial decisions. So often, we absorb the culture’s values and do things (i.e. spend) in accordance with what everyone else is doing. For every dollar we spend on something we don’t care about, it’s one less dollar we have to spend on something we do. One of the questions I asked is this, “What do you spend money on that DOESN’T add value to your life?” A handful of people publicly answered, but one, in particular, caught my attention. A woman jumped in and said, “Netflix.”
Simplicity For the Win
Later today, I’ll be hosting a workshop in Los Angeles about getting a better grasp on our finances. The general expectation in the room will likely be for me to launch into a diatribe about budgeting, spending less, and saving more. If I’m being honest, that would be boring. For as simple as that topic is, I want to go even more simple. Behind this idea is my theory that we humans tend to overcomplicate things every step of the way…..our money included.
What is Family?
Yesterday, I had the pleasure of speaking at The Gathering, a church located in Hawaiian Gardens, CA (southern edge of LA County). Having that opportunity meant the world to me, as that church means the world to me. It was a surreal feeling to fly halfway across the country to speak to an audience that feels like family. It’s a foreign place to me (#midwesternkid), yet it feels like home. Before and after both services, I caught up with old friends and made some new friends. Lots of hugs, life updates, and stories about past shenanigans. I was also blessed by having my friends Chi-Chung and Roberta come listen to me speak (plus a wonderful lunch at the park afterward).
Through Children's Eyes
Yesterday was a series of firsts for Finn and Pax. Their first flight, their first In-N-Out burger, and their first time in the ocean. For the cherry on top, we shot off a bunch of fireworks with our friends to end the night (not a first, but who doesn’t love blowing stuff up!?!?). It was a fun day, indeed, but what makes it special for me is watching it through their eyes. The looks of shock, awe, excitement, and amazement…..all of them are gold! It can be magical.
They Come in Threes, Right?
You know the saying, “Bad things come in threes”, right? I always roll my eyes at this saying, as I’m not a superstitious person. Well, I’m no longer laughing. In the 36 hours leading up to our family trip, we got struck by the trifecta of terrible. First, a tree fell on our house. Then, we randomly had water in our basement, on either side of an interior wall. Just hours after that, the pipes under the kitchen sink burst as Sarah was doing dishes. I was already stressed as I was trying to finish my talks ahead of this hybrid work trip / family vacation, so needless to say the stress level in our house increased dramatically. .
Would You Buy it Today?
I once had a finance professor who framed up buy/sell investment decision-making in a unique way. I’ve heard this same perspective many times since, but I remember how much it made me think back to when I was a 20-year-old kid. If you’re sitting on an investment that you don’t know whether you should sell or not, simply ask yourself, “Would I buy it today at this price?” If the answer to the question is yes, then hold. If the answer is no, then sell. Why? Because not making a decision is still a decision. Every time you choose not to sell, you’re choosing to buy at today’s price.
If Not, What's the Point?
One of my clients was recently considering making a somewhat major purchase……in the +/- $25,000 range. This is no small sum of money, and they fully recognize that. The particular item they were considering isn’t greatly important to this conversation, and I want you to use your imagination so you can put yourself in your shoes with whatever type of item might be in your life.