It’s a Slippery Slope

In yesterday's post, I referenced how money is fungible. All there is is money in, and money out. This money doesn't go here, and that money doesn't go there. We have income, and we have outflows. Period.

Typing that reminded me of a situation that played out early in my marriage. Sarah and I were in the midst of our journey to pay off $236,000 of debt (it sucked as much as you're thinking). We each received a little personal spending each month, plus a few other fun expenses like modest dining out and travel. Then, every other excess dollar we had went toward the debt.

One day, Sarah decided to add a part-time nannying gig to her schedule. As we ate dinner, she started verbally processing what she might want to do with this extra income. Maybe clothes. Maybe nails. So many fun options!

That's the moment, mister fun hater (me), stepped in. I shared with her that money is fungible and, as such, this extra income had to be two things:

1. Ours, not hers.

2. Included in our budget.

She was noticeably annoyed with me. After all, she was the one working extra hours to earn this extra money.

She explained that our paychecks were our budget money, and this new income was "extra." (You know what we do with extra, right?) And since it was extra, it should fall outside of our budget and she should be able to do anything she wants with it.

Me: "Oh interesting. In that case, I'll have to figure out what I want to spend my annual bonus on!!!!"

Her (even more annoyed): "Your bonus is part of your work, so it's different." (I'm paraphrasing here, as I don't remember her actual comment)

Me: ......

See the problem here? Whenever we treat something as "extra" or "different," we undermine our finances and marriage. We go from "ours" to "mine." From being intentional to "screw it." It gets muddy…and messy.

Sarah eventually saw my point. I was grateful for her desire to work harder to help our young family dig out of a hole, but income is income. Ultimately, here's where we landed. We included her nanny income in the budget as income, juiced up her personal spending a bit, and added the to the debt paydowns. It was a win-win.

It's a slippery slope to treat money as anything but fungible. All there is is money in, and money out. Remove impulses. Take out the bias. Don't undermine your relationship. Don't sabotage your finances.

We've never had an issue with that topic since that day nearly 13 years ago. I may make 99% of our family's income, but it's "ours." Never "mine." Never. Don't fall down that slippery slope!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Let Blessings Remain Blessings

I opened the mail yesterday to two unexpected blessings: two checks I never saw coming. I'm not talking about massive amounts of money here—$250 and $100.

What do you typically do if you receive unexpected extra money? If you're a human (and I suspect you are), there are two typical outcomes:

1. The most common outcome is to simply blow it. It's extra, and most of the time, we don't respect those extra blocks of money. It will likely be impulsively spent before the check even clears.

2. The second most common outcome is to dump it into a general savings account, which will be hoarded in the near term and probably impulsively spent at some point in the future.

I prefer to let blessings remain blessings. First, I don't actually care what you do with it. Whether you spend it, save it, or give it is not what's important in this conversation. Here's what I do personally, and it's how I coach it every single time:

1. Add this as income to your budget. If it's money coming in, whether it's a $100 reimbursement check or a $10,000 bonus, it's income. Add it to the budget as such.

2. Once it's in the budget, you have $x more in the budget than you did before. Let's pretend it's $200. You add the $200 as income to your budget, giving you $200 more to allocate somewhere in the realm of spending, saving, or giving. Treat it as you would any other $200 in your budget. $200 is $200.

3. As such, allocate this money in accordance with your current plan. If you're in the midst of paying off debt, pay off more debt. If you're saving for a big trip, save more for your trip. If you've been working on a financial gift to your favorite organization, give it.

4. Execute the plan. If you say you're going to do something, do it. After all, you promised yourself in your budget. Own that. If you plan to buy a new espresso machine, buy the machine! If you plan to pay off that credit card, pay it off! Don't break your promise to yourself.....or your spouse.

That's the thing about money, it's fungible. All there is is money in, and money out. The moment we try to say this is for that, and that is for this, we've lost the plot. Instead, look at everything as one big puzzle. When we do that, we develop a much healthier and more productive relationship with our money. No guilt, no emotional strings, no sense of obligation. Just wisdom and discernment.

As for us, August has been a kid-expense-heavy month. Activity fees, school supplies, new shoes, and end-of-summer fun have drained that category quickly. I suspect Sarah and I will pad that category with this unexpected windfall. That's our current reality, and we'll live into that.

Meet your money where you are. Don't waste these little (or huge!) opportunities. Let your blessings remain blessings.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

The Irony of Sudden Wealth

"What's the point, man?!?"

I've had the privilege of spending time with a few dozen people who became very rich, very quickly. I'm talking rich rich. Buy anything you want rich. Never worry about money again rich. Each person's story varies, but there are a few common triggers for the sudden wealth: professional athletes, lottery winners, inheritors, and founders.

On the surface, we look at these people with jealousy and hope that someday we will be as fortunate as them. That feeling is what causes tens of millions of Americans to play the lottery each week: the mere chance to strike proverbial gold.

More often than not, however, being suddenly wealthy isn't all it appears from the outside looking in. It's called Sudden Wealth Syndrome. It's a psychological condition that manifests in a number of different ways, including isolation, paranoia, addiction, and hangers-on.

But there's one Sudden Wealth Syndrome manifestation I want to lean into today: loss of meaning. Think about your life. You probably have to go to work, make money, and pay for your family's needs and wants. When you wake up in the morning, you have a purpose and a goal. If you serve people well, you are rewarded. If you don't, well, that's not a fun road. Whether you love your work or hate your work, there's still purpose behind it.

People with extravagant wealth, however, don't have that embedded purpose in their life. Oftentimes, their life is like a boat without a rudder. A very large, flashy, and expensive boat, but without a rudder nonetheless.

"What's the point, man?!?!" my friend loudly exclaimed, in a tone full of anguish and frustration. On the surface, this man is the winner of winners. Due to recent circumstances, he found himself in a reality he could only imagine in his dreams. He had tens of millions of dollars, with a high likelihood of tens (or hundreds) more.

Until recently, though, his life looked much different. He was ambitious, hungry, and had big dreams for himself. He had a rock-solid work ethic and a motor to achieve. He was happy! Then, it happened. The money happened. Practically overnight, he would never worry about money again for the rest of his life. He bought a house for himself, one for his parents, another for himself, a couple of cars, a bunch of toys, and a new wardrobe. He looked the part.

"What's the point, man?!?!" Despite having it all, he suddenly felt empty. When he woke up in the morning, there was no purpose, no mission. He could literally lay in bed, all day, every day, for the next 200 years and never run out of money. He had everything, and he had nothing.

He wanted to talk about money, but I wanted to talk about work. Whether we like it or not, work that matters matters. The science continually points to work being one of the primary drivers of happiness and fulfillment in humans, yet we spend the bulk of our adult lives trying to escape work. I find it ironic.

I'll share more about this friend in the near future, but I'll give you a little teaser: he got a job. The old him is back. He's really rich, still, but he has meaning and purpose.

Interesting.....

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

“Throwing Away” a Career, Revisited

It's 2:30 AM. Sarah and I just pulled in from a 10-hour drive after visiting our best friends, Ryan and Anna. It feels like my brain is melting onto my laptop keyboard, as I single-handedly drove the entire 10 hours solo (Sarah failed to learn how to drive a stick over the last few days.....shame on her!). We intended to drive six hours today and then do the remaining four in the morning, but we got ambitious.

We had a wonderful time with Ryan and Anna. It ended up being 42 total hours together (including two nights of sleep), but it was jam-packed with laughter, memories, food, and good conversation......and Twenty One Pilots!

- I'm definitely kneeling in this picture.....

Given how much time I had to think during the drive home, my mind went in many different directions. Eventually, I found myself thinking back to an article I wrote more than four years ago. It was about Anna, but more specifically, about her counter-cultural career shifts. First, her decision to forego her WNBA career, and second, her decision to leave teaching to pursue her current calling. You can find the article here! While refueling at a gas station, I pulled the article up on my phone. A few thoughts rattled around my dreary, melting brain:

• Having written more than 800 articles since that one, I cringed a bit at my writing style and structure. It shows the power of repetition and consistency.

• It's fun to see how, even then, my perspective of work and meaning were quite similar to today. The phrase "meaning over money" hadn't yet been coined, but the values were loud and clear.

• Given the benefit of time, it's so fun to see how Anna's career shifts (or "thrown away" careers) have shaped her and impacted countless people.

• Nothing is wasted, indeed!

• Pursuing the type of journey that Anna did is far harder than we can imagine, but simultaneously more fulfilling than we can anticipate.

• Knowing what I know now, I'd double down on encouraging Anna in her controversial career shifts. I'd also encourage younger me to double down on this message.

• While I never took my relationship with Ryan and Anna for granted, I look back and wish I had squeezed every ounce of goodness from it I could while we lived near each other.

I'm grateful for my friend Anna, and I deeply admire how she took the path less traveled. It's not been an easy journey, but so many people have been blessed by her contributions to their lives. Someday, I hope she gets a window into some of that impact. Her legacy will have ripple effects, for sure.

I hope you're having a wonderful day, and I hope I'm still sleeping when you read this!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Your Pain Has Purpose

Just a few hours ago, I walked out of the Twenty One Pilots concert. It's the first stop of their new world tour, and wow (wow!!!), what an amazing experience!

For two straight hours, Tyler Joseph ripped his heart out of his chest and splayed it out before a crowd of 21,000 energetic fans. I've seen him do it before, but it never ceases to amaze me. This man, like all of us, has his demons. Pain, suffering, tragedy, and ongoing anguish. He's broken, just like you and I. However, what sets Tyler apart is the fact he takes the darkest and most embarrassing pieces of his being and uses them to impact the world. Their shows are an exploration of faith, pain, perseverance, and the celebration of life. Last night was no exception!

It reminds me of listening to Joni Eareckson speak at the Global Leadership Summit last week. If you're not familiar with Joni, her life became a national news story in 1967 when, at the age of 17, she experienced a tragic accident while swimming with some friends. She inadvertently dove into shallow waters and became paralyzed from the shoulders down. In the following years, Joni harnessed her pain and unwelcomed circumstances to champion the creation of the ADA (Americans with Disabilities Act), write more than 40 books, and become a lifelong advocate for more than a billion people who experience life with disabilities.

Joni's talk was one of the most moving things I've ever witnessed, and she received no less than four standing ovations. I spent the better part of 40 minutes with tears in my eyes, witnessing this woman pour out her soul before a room of strangers. "God uses our weaknesses to impact His kingdom," she exclaimed. Her humility and grace, despite all she's accomplished, stood out like no other. There were a million different people who had more influence, more experience, more smarts, and more skills who could have led this movement. Yet, in her words, God used a young woman, fresh off tragic, life-altering circumstances with no experience or influence, to create change in this world.

As I think about Joni's life and ministry, and continue to marvel at what Tyler does to impact millions of people, I keep coming back to the idea of pain and weakness. Our pain and weaknesses aren't something to hide from. We don't make a difference despite our pain, failings, and weaknesses. Rather, it's those unsavory parts of us that fuel us and have the ability to create a profound impact on this world.

I'll end with a confession. There are days that I'm nervous about hitting "publish" on this blog and our podcast. I share things I don't want to share. I expose myself when I could just bury it. However, deep down, I know that my pain, failings, and weaknesses are the tools with which I can make an impact.

The same goes for you......

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

The Verdict Is In

"How's the midlife crisis treating you?" asked my friend Emma as I was getting out of my new (to me) 2006 Nissan 350Z. "It's going fantastic! Thanks for asking," I responded. Emma, man! Always busting my chops!

This week marks the five-month mark since pulling the trigger on this car. Oddly enough, until yesterday, Sarah had only spent a grand total of five minutes in it. Then came yesterday. We did a 10-hour road trip to visit some of our closest friends and experience the opening night of Twenty One Pilot's new tour. Sarah and I had a blast. The top was down, the sun was up, the weather was beautiful, and the Twenty One Pilot music was blaring. The only negative is that Sarah can't drive a stick shift, so she gleefully allowed me to drive the entire 10 hours in one sitting (while she endured multiple sun-soaked naps).

The verdict is in. After five months of driving this car and 10 hours cruising across multiple states with Sarah, I can confidently testify that, besides some of our giving, this was the best $9,000 I've spent in my life. I waited 17 years to purchase this car, and it's lived up to every ounce of anticipation I could have ever imagined (and more).

I didn't need this car. There were more "responsible" things to do with $9,000. An investment in the stock market would have yielded a far better financial outcome than buying an 18-year-old car that will only go down in value. There are surely better financial decisions besides buying a fun car.

All of that is true, yet this one was one of the best decisions we've ever made. Why? Because not everything is about money. The amount of memories I've already made with this car is staggering. The boys love hopping in and cruising our town. They know exactly what songs they want to play. They know what ice cream shops to direct me to. They eagerly anticipate one-on-one time with their dad. It's not about money; it's about something much bigger.

- Pax proudly posing after a fresh wash

No, we don't need money to create memories. Memories are free. However, I'm so glad I chose to spend this $9,000 on this car. After 17 years of waiting, it seems like a fitting and poetic end to the story. Had I purchased it 17 years ago when I was a young single guy, it would have been cool.....but not this cool. Instead, I get to road trip with my wife. I get to have jam sessions with my sons. I get to let friends and youth group kids borrow it. It's so much more than money.

I hope you have your version of this. If you don't, I encourage you to find it. Don't make it about money. Don't obsess about making the right financial move. Make a decision that bends in favor of meaning. Create those memories! You won't regret it.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

An Avalanche of Circumstance

Anticipating widespread backlash from yesterday's post, I tentatively knew what today's topic would be. The pushback was indeed harsh! It's the exact type of harsh I was expecting, though.

Today, I bring you the story of Jeff. That's not his real name. He wants his story shared publicly, but anonymously for now. He and I have been talking about bringing him onto the podcast, but he's wavering. In the meantime, his story will live here.

For the last 8-ish years, Jeff has been one of my biggest critics whenever I discuss how credit cards are bad for us. He's become quite aggressive with me at times, even calling me stupid and openly mocking me in group conversations. Jeff, in his late 40s, is a known entity in the finance world.....at least in his niche. He's the kind of guy that will get mic'd up at a conference and discuss complex finance concepts in front of hundreds of fellow finance professionals. Jeff knows finance, and has been doing it for a long time.

I'll summarize Jeff's frequent pushbacks whenever I appeal for people to get rid of their credit cards:

• It's an interest-free loan as long as you pay it off within 30 days.

• The points are amazing! He's known to send me pictures of his vacations to poke at me about how this flight or that hotel was free because of points.

• In his words, he had never paid one cent of interest or one late fee in his entire life (perfect 30-year track record!).

• It's about personal responsibility. If you're responsible, you're good. Credit card debt is an outward expression (and natural consequence) of irresponsibility.

Recently, I received a text from Jeff; he wanted to meet for coffee. When I walked into the mostly empty shop, I saw him sitting in the corner. His shoulders were uncharacteristically slumped, and his face was expressionless. I could immediately tell something was wrong. We shared a few pleasantries, but I sensed he just wanted to get to the meat of the conversation.

As he put it, he and his wife had experienced an "avalanche of circumstance." One of their kids got sick, their septic system went haywire, his wife had her hours cut at work, a car was having trouble, oh yeah, and rampant inflation. As these events were unfolding, he did was he always did: put everything on the credit card. They make good money, so he planned to just make it up next month. Or maybe the month after. Shoot, maybe soon. The emergency fund was quickly drained, as were other sources of liquidity.

The result? After 30 years without a single cent of interest or fees, he had $23,000 of credit card debt and no idea how to navigate it. Mere months ago, he was mocking people for "irresponsibility," and now he was on the other side of the aisle. He was sick and embarrassed.

These are scary times for Jeff and his family. He now understands when I say, "Credit cards are great....until the moment they become your biggest nightmare." They are the path of least resistance and the gateway to quick, rash, and destructive decisions.

Jeff isn't alone. He's the face of our growing credit card crisis. To be continued....

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Blood Points

"Just be responsible."

"It's a tool."

"It helps you build credit."

"It's safer."

"Take advantage of the points."

Not a day goes by when I don't get an earful about the awesomeness and wonder of using credit cards. Based on the narrative, you'd think they are magical little miracles, changing lives for the better.

According to the most recent data released for the second quarter of 2024, 50% of credit card holders in the U.S. now carry a balance from month to month (i.e. they don't pay them off every month like everyone says they do). HALF of all U.S. citizens who use these wonderful little tools are now stuck with high-rate debt that's bearing down on them. So much for "just be responsible."

Moreover, the average American now carries an average credit card balance of approximately $8,000. With an average interest rate of 24.9%, it costs an average of $166/month just to pay the monthly interest (never mind paying off the growing balance).

Yet, we're just going to ignore these facts and instead brag about the awesome trip we just took on the back of the sweet credit card points we recently earned. It's ludicrous, and this insane narrative is sending millions of Americans down the financial toilet.

Just in the last week, I've sat with multiple couples who are emotionally and mentally broken by consumer debt. Their entire lives, they were told to build credit and collect the free points. Instead, they now sit with thousands of dollars of debt they have no idea how to pay off. They are scared, angry, and confused.

Seemingly, everyone in their lives advocated for them to introduce these little plastic cards into their finances. Their parents told them to do it. Their co-workers told them to do it. Their friends told them to do it. Social media "experts" told them to do it. Now, after a series of unexpected events (which can always be expected), they are left holding the bag. Meanwhile, the rest of society now has the privilege of pointing at them, saying, "You should have been more responsible."

Collectively, we are heading down a very dark financial road. You may not see it (yet), but it's happening as we speak. I hope you don't fall victim to it, but I guarantee someone you know will.

So what's the alternative? Opt out. Say no. Stay away. Turn your back on normal. We don't have to play our culture's games. Sarah and I haven't owned credit cards in nearly 15 years. We're good. Life is simple. Not easy, but simple. There is life on this side of credit cards and consumer debt. Don't play their games, and please, please, please don't advocate for your kids to play the games. You deserve better, and so do your kids.

You got this, guys!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Don’t Stop Celebrating

Speaking of cars running into coffee shops, yesterday's post instantly took me back to the hours and days immediately following the second car crash incident in May. There were so many emotions flowing through me during that time. On the one hand, I was celebrating how amazing Northern Vessel was doing, but on the other hand, mourning the crash. On the one hand, I was excited to be showing my kids around the great city of Chicago, but on the other, stressed out of my mind by all that was happening.

In the midst of that, I wrote a piece titled Can't Have the Good Without the Bad. It was a cathartic piece about pain, survival, and perseverance. More than anything, it was my attempt to process the myriad of emotions I was experiencing.

Later that day, I received an encouraging text from my friend John, offering his support, love, and encouragement. He ended his text with this: "P.S. - and in the midst of all of this at the coffee shop, don't let this bump in the road keep you from celebrating and retelling your memories and stories from Chicago specifically today, tomorrow, this coming next week. Lean into that and intentionally continue the Chicago memory building this coming week."

The truth is, I did let the crash keep me from celebrating and retelling my memories from that Chicago week. Shame on me! I've thought a lot about that text and ultimately landed here: better late than never!

So today, my friends, I want to share a quick story. I had the honor of taking my boys to their first-ever Chicago Cubs game at Wrigley Field. They are the same age I experienced my first Cubs game (and I'd go on to visit Wrigley Field at least once per year for the next 23 years). I even booked tickets in the same general area where we sat during my first Cubs experience way back in the late '80s. As we were casually shopping for souvenirs, one particular item caught Pax's attention. It was a little wooden bat, painted in a glossy Cubby blue. He instantly fell in love. After we pulled the trigger and were walking into the stadium with new bat in hand, I revealed to him that my souvenir for my first Cubs game was a little blue wooden bat!

Everything about that night was magical. I really can't even explain how much fun all four of us had. To top it off, we got to experience extra innings under the stars. As the Cubs stepped to the plate in the bottom of the 10th inning, my gut told me to pull out my camera to record. I'm usually the guy who would much rather soak in the moment than pull the camera out, but this one felt different. In hindsight, I'm so glad I did. I'll never forget this moment, and it's fun I get to show it to you today. Enjoy!

Oh yeah, don't stop celebrating. In the midst of all the bumps in the road, don't forget to celebrate. Wise words from John. Thank you, John!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

No Such Thing As Normal

Today is a special day—happy one-year anniversary to the first car that ran into our Northern Vessel coffee shop! If you think my use of the word "first" implies there might be multiple, you'd be correct. Here's what happened:

• On the afternoon of Saturday, August 12th of last year, toward the end of a busy day at the shop, a car plowed through our front window. Four people were nearly killed, including two of our full-time employees. Luckily, the injuries weren't severe. We shut down for three days to clean up the blood, glass, and wreckage before re-opening a severely-impaired shop.

• For multiple reasons, it took more than seven months to repair the damage and bring a fully operational shop back to life. We were beyond excited when that happened on March 24th of this year, and we were grateful to be back to "normal."

• Then, I'll never forget the pit-of-my-stomach feeling I experienced on the morning of May 22nd. I was in the middle of an awesome post-school family vacation in Chicago when I woke up to a text from TJ I prayed I would never see again: "A car ran into the building." And just like that, our lives were turned upside down again. We closed for three days in total before re-opening our again impaired shop.

First crash

Second Crash

As I sit here on the one-year anniversary of the first car crash, we still don't have a fully operational shop. We're getting close. Our front door was installed a few days ago, which really opens up the space. However, we still have a lot of interior work to complete. We'll hopefully be back to "normal" by early September.

To put it another way, our shop has only been "normal" for 59 out of the last 365 days—March 24th until May 22nd. The other 306 days have ranged from chaotic to improvised to compromised.

But that's the thing about "normal." I'd argue that "normal" doesn't really exist outside the perfect little scenario we construct in our imagination. Whether we like it or not, reality is anything but that stable and uneventful concept of "normal" in our brains.

While it's quite abnormal to have two cars crash through a single shop in a nine-month span, there's really no such thing as "normal." Each month, TJ and I talk about looking forward to a "normal" month of operations, only to be surprised by some unforeseen situation that blows up our idea of "normal."

Every aspect of our lives is the same way, including finances. We can expect and prepare for "normal" all we want, but that's not likely how it will play out. Instead, it might be chaotic, improvised, and compromised. For that reason, we must prepare our lives and finances as if "normal" doesn't exist.....because it doesn't. The car will break down. Someone will get sick. The furnace will go out. You'll lose a job. You'll be blessed with a surprise baby! Something!

If "normal" doesn't exist, perhaps we should start planning and acting like it. When we do, it won't be nearly as disheartening, and we'll be prepared for it!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Memories Are Free: Golden Curry Edition

Wow(!!!) is the only word that can even remotely describe how amazing the end of the men's gold medal game was yesterday. With about three minutes remaining, France's run narrowed the gap to a three-point game. The U.S. was playing well, but France, fueled by their raucous home crowd, kept clawing back. Wemby, now just 20 years old, proved he's likely the future face of the NBA. He made play after play after play. Then, Steph Curry steps to the plate. I encourage you to check it out for yourself by clicking this link!

Ok, for the 90% of you who didn't click the above link, I'll explain what happened. Curry drills his 5th three-pointer of the game with 2:45 remaining, stunting France's run. Then, his 6th at the 1:51 mark. Then his 7th, a shot-clock buzzer-beater at the 1:18 mark. Then, in what will inevitably become an iconic moment in the history of international basketball (if not basketball, period), he drills his 8th on two defenders, in heat-check fashion, with 34 seconds remaining to seal the Olympic gold medal. That last one, man! Finn was freaking out, and I instantly had tears in my eyes. The raw emotion and euphoria were surreal. I will never, ever, ever forget that moment.

I've been replaying that sequence of events in my head for more than 12 hours—the sequence of events that played out on my TV and the sequence of events that played out in my living room. I'm so grateful for that time Finn and I spent together, and I hope that memory is as vivid for him as it surely will be for me.

Memories are free! In a culture that tells us we need to spend hundreds, thousands, or tens of thousands of dollars to create memories, I'm here to remind you today that memories are free. Sure, you can spend thousands of dollars to create a memory. That's perfectly fine, if you have the resources. But money isn't a prerequisite for memories. What Finn and I experienced together cost us nothing other than our presence and our togetherness. The rest took care of itself.

It's so easy to get lost in the idea that we must create these elaborate, exotic, expensive, and Instagram-worth experiences. Instead, the simplest moments can often be the most profound. I've experienced so many once-in-a-lifetime experiences that I never imagined I'd have access to in my life. Yet, it's usually those simple and free memories that pop back into my mind and my heart. Curry's golden moment, shared on my living room couch with Finn, will likely be one of them, and I will cherish it forever.

Go make some memories, and please don't let lack of money get in the way of a life-giving, until-you-die memory.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

The Night Test

A friend recently asked me how we can know if we're taking too much risk. There are, of course, many different ways to measure risk. Probabilities, standard deviations, risk/return ratios, historical averages, and loss severities, to name a few. Each has its own application and merit. However, I have a simple test that I apply to my own life, and challenge clients to apply to theirs.

It's one simple question: Do you sleep well at night?

If the answer is yes, we're probably good. If the answer is no, we need to reassess our decisions. Far too often, people make decisions that keep them up at night. What if this happens? What if that happens? What if, what if, what if? That's a tell-tale sign we're doing something that we shouldn't.

It's quite difficult to live a meaning over money life when we're constantly haunted by our financial decisions. I've been there!! There have been plenty of times in my life when I made financial decisions that impaired my sleep. The debt, certain investments, reducing my emergency fund too far, not having enough cushion in my checking account, and not properly saving for upcoming (known or unknown) expenses. Each of these questionable decisions hindered my financial stability and jeopardized my ability to live a meaningful life.

It's not that money is the most important thing in our lives (it's not!), but our finances leak into every aspect of our lives. If we're feeling tension in our money, we feel it literally everywhere. In our marriage, in our work, in our parenting, in our hobbies, and even in our faith. You deserve better than that!!

Do I sleep well at night? I think about this question a lot. If my answer is "no," I must make a change. There's no reason to have that sort of tension and affliction in our day-to-day lives. Sometimes, it's unavoidable, but often, it's in our power to act. If so, then act.

I've had to unwind so many decisions in my life to find peace. It can be frustrating, time-consuming, and embarrassing, but it's worth it! If you find yourself in a financial situation that's keeping you up at night, I encourage you to act. Make a shift. Give yourself peace. Refocus on the meaning.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Yes, Even You (and Me)

I have a big talk coming up next week. It's not a large audience, as there will probably only be 100 people in the room. But it's a weighty audience. I have the honor of speaking to a group of people with far more experience and impact than I ever have. They are heroes in my book. Yet, these 100 people will take time out of their busy and productive days to listen to me try to add value to their lives. They will look to me for wisdom, insight, and influence. Imposter syndrome is starting to set in!!!

At the same time, I also confront a different type of reality: We ALL have something to offer. Yes, I have less experience than most of them. Yes, I'm making less impact than most of them (or at least that's what I tell myself!). Yes, I can surely learn a ton from sharing a meal with any one of them. But I have something to offer, too!

Despite the imposter syndrome, I intend for each person to walk out of that room with a completely different way of thinking. I want to equip and encourage them to be even more impactful in this next season of their mission. I aspire for them to look back on that block of their day and say to themselves, "Wow, I'm so glad I went!"

Both of those things can be simultaneously true. On the one hand, we can be in the company of people much further along than we are; on the other hand, we have something to offer them.

It reminds me of a recent conversation with a young professional. He wanted to pick my brain about podcasting and writing. He admires the work we're doing, and wanted to get some insights. Deep down, he's a marketing guy. He lives and breathes it. Recognizing that, I turned the tables on him and started asking him questions. This caught him off-guard, citing, "You have more experience in your pinky than I do in my whole body. You don't really want my advice!!"

Both things were true. I do have a lot more experience, and I did want his advice. He had something to offer, and I let him know that. He wavered somewhere between pride and disbelief, almost as if I was punking him. Eventually, though, he realized I was dead serious. Despite the vast experience gap, he had something valuable to offer me.

The same goes for you! Regardless of your age, background, experience, title, financial status, influence, or relationships, you have a ton to offer. And you don't just have something to offer in rooms full of people "below" you, but in all rooms. Even if you were sitting in a room with Elon Musk, you'd have something to offer him.

If what I just said is true, then perhaps we should all start sharing what we have to offer. No fear. No demeaning self-doubt. No imposter talk. Share it. Make an impact.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

No Truly Original Ideas

In just a few hours, I'll participate in my tenth consecutive Global Leadership Summit in Chicago. In my opinion, this is one of the best conferences in the world, and one of the few events I look forward to every year. It will include two jam-packed days of speakers, ideas, stories, and inspiration. It fills my tank every year, and I couldn't be more excited. Even better is that my guy TJ gets to join me for the third consecutive year. Here's the speaker lineup we're about to enjoy:

I've been reflecting on the idea of ideas. We like to think our ideas are uniquely ours. After all, they do get formulated in our brains and projected from our mouths (or fingers, in the case of this blog). However, there are no truly original ideas. Every good idea is formed from a base knowledge, which is absorbed from all around us. Nothing I type of rant about on the podcast is truly my own. Instead, I am blessed with the opportunity to receive knowledge, ideas, wisdom, and experience from others, process it, and formulate new-ish ideas of my own.

I'm a big believer in acting like a sponge. Think about the little kids in your life. Children absorb EVERYTHING! "But why?" "But why?" "But why?" Their curiosity knows no bounds. However, it's common for adults to get complacent in their curiosity once they leave their schooling years. I've been there. Life gets busy, we think we know enough, and we get set in our ways. The consequence of this approach to life is that we can lose perspective, fall behind on knowledge, and get stuck in our own existing ideas.

Instead, I believe we would all be better off continually seeking new ideas, knowledge, and perspectives. Books, movies, podcasts, online videos, or even a coffee with someone who has something to share. None of these are expensive (mostly free), and we have instant access to some of the brightest minds in the world.

Undoubtedly, any good idea I've ever had on this blog (plus the bad ones....) can 100% be attributed to other people who have blessed me with their knowledge, ideas, perspectives, and experience. That's why I get so jacked up for the GLS each year. I will most certainly go home better than when I left. And if I lean hard enough into these new ideas, I may be able to add more value to your lives as well.

That's the opportunity we each have every day. Always stay curious. Keep growing. Continue learning. Then, share your new-ish ideas with the world so they can grow and develop their own new-ish ideas.

Based on the speaker list above, who are you most curious to hear about? I’m excited to share some of their content in the days to come!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Van Gogh, Via Hoag

I recently received a text from my friend, mentor, and brother, Gary Hoag (The Generosity Monk), that's too good not to share.

On a recent trip to Amsterdam, Gary stopped by Vincent van Gogh's museum to spend a rare bit of free time. There, he picked up a book titled Life According to Vincent. He was reading it on his flight, then stumbled upon page 17. Here's what it said:

"In my view I'm often very rich, not in money, but rich [...] because I've found my work - have something which I live for heart and soul and which gives me inspiration and meaning to life."

Van Gogh is commonly considered one of the greatest artists of all time. More than 140 years after beginning his painting career, his name and legacy still endure in our modern world. Similarly, his work continues to bless people many generations later.

Gary is a big fan of van Gogh, as evidenced by his using van Gogh's art as the cover for most of his books (including the book he and I wrote together). Admittedly, I'm not extraordinarily well-versed in van Gogh. In my brief research, I have three facts that may blow your mind:

• Van Gogh started his painting career at age 27, and in a 9-year stretch, he created more than 900 pieces of work.

• In his lifetime, van Gogh only sold only one painting, which transacted seven months before he died.

• Van Gogh primarily used flowers, landscapes, farmers, and himself as subjects for his art, as he didn't have enough money to hire models.

When we think of people like van Gogh, we automatically assume he experienced the material riches any world-famous celebrity could have access to. That doesn't appear to be the case with van Gogh, though. By most accounts, his resources were limited, and he relied heavily on the financial support of family members. That's a pretty ironic reality juxtaposed with the fact one of his paintings sold for $149 million in 1990 (approximately 100 years after he painted it).

With that context, let me share that quote again:

"In my view I'm often very rich, not in money, but rich [...] because I've found my work - have something which I live for heart and soul and which gives me inspiration and meaning to life."

Those words sound so sweet through the lens of a man who didn't covet and chase the riches of the world. Instead, he thrived on purpose, meaning, and fulfillment.

I've been thinking about this quote since Gary generously shared it with me, and I'll probably be thinking about it for many more days. I hope it blesses you like it did me.

In the words of van Gogh, via Hoag, I hope you have something which you live for heart and soul and which gives inspiration and meaning to your life.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

Keep Zooming Out

In case it hasn't been brought to your attention (yet), the world is melting. Or probably melting. Or possibly melting. Something like that. Unemployment is up, inflated prices continue to put pressure on families, and political unrest (at home and abroad) is wreaking havoc on our collective psyche.

However, as always, we fixate on the stock market. While the stock market isn't THE indicator for our economy, I understand why we dwell on it. It's one of the few tangible, in-your-face, clearly measurable tools available in our crazy world. It's even color-coded! Green = Good. Red = Bad. These days, when we turn on the news, we see lots and lots of red.

As of yesterday's market closing, the U.S. stock market (S&P 500) is down 8.5% in less than three weeks. In a world that's supposed to provide a positive 8%-10% annual return, that recent development feels scary—very scary.

However, as I always say, we need to zoom out. And every time we zoom out, we need to keep zooming out. Doing so is the only way we can emotionally, mentally, and psychologically survive the scary times.

Here's what I mean. Our recent stock market beatdown takes the U.S. stock market down to where it was on - checking my calendar - May 8th of this year. Oh, that doesn't feel so bad now. Let's zoom out further. When the market first hit this level on March 20th, it was a new all-time, 154-year high. So the level we're at today, less than five months ago, was celebrated as another record-setting, butt-kicking, all-time high. Ah, now we're talking. Keep zooming out.

5 Days (-5.1%) = Feels scary!

6 Months (+4.6%) = Not too bad

5 Years (+77%) = Oh, I guess we're good

Regardless of how good or how bad things feel, I encourage you to keep zooming out. Perspective matters.

What Money Can’t Buy

Guys! Guys! Guys! I discovered a new parenting hack this week. Each night, Sarah and I told the kids they could stay up later.......if.......if they watched the Olympics with us. They were initially unhappy about this condition, but staying up late is staying up late.

The first night: "Uh, I don't want to watch gymnastics. Gymnastics is boring!"

The second night: "Swimming is boring! Can we watch something else?"

The third night: "Daddy, can we watch gymnastics tonight? Is swimming on, too?"

The fourth night: "I hope Biles is playing tonight!"

We've been geeking out on swimming and gymnastics all week, and it's been fun to share that with the boys. Finn even tried to imitate Katie Ledecky at the pool one day.

The interesting thing about swimming and gymnastics is we collectively aren't really swimming or gymnastics fans, but once every four years, we're glued to our TVs. The Olympics is their showcase to the world, and we're grateful to consume the content. Knowing how much work goes into these sports, and how little they get paid (on average), can we all agree these athletes are pursuing meaning over money?

Then, there's the other sports. Basketball, soccer, golf, and tennis, for example. These athletes are some of the highest-paid athletes in the world. Lebron James is a literal billionaire!!! Many of these athletes get paid tens of millions per year.....not including their endorsements!

Here's where I'm going with this. Yesterday afternoon, I received two separate messages from two separate blog readers. They wanted to highlight "meaning over money moments." One was of tennis superstar Novak Djokovic collapsing to the ground after winning gold. The other was of golfer Scottie Scheffler breaking down with emotion while listening to our national anthem after receiving his gold medal.

Novak Djokovic has won 24 tennis grand slams in his career (the most of all time) and is often regarded as the best tennis player ever. He's also earned approximately $170 million in prize money just from his tennis events. He has an estimated net worth of a quarter-billion dollars. Yet, he broke down the moment he won a gold medal for his country.

At just 28 years old, Scottie Scheffler has been the #1 ranked golfer in the world for approximately 100 weeks, and has earned approximately $90 million in his short career (not including the tens of millions earned from endorsements). He's achieved monumental success in his professional career, yet he sobbed when he earned an Olympic medal.

We can easily point our fingers at famous athletes and snidely say they are "just in it for the money." However, as I commonly say, the science says otherwise. Money can do a lot of things, but it cannot buy meaning or fulfillment. The Olympics are a perfect reminder that meaning ALWAYS trumps money. It's true for Scheffler, it's true for Djokovic, and it's true for you and me.

Meaning over money. Always meaning over money.

The Confirmation of Mockery

One of my clients was disheartened when he walked into a recent coaching session. I could tell from the outset that something was amiss. When I asked him about it, he shared how his parents and friends were staunchly against his upcoming career shift. For context, this man spent the first five years of his career working in a field that's ripe with status, as well as a nice, juicy income trajectory. In short, his golden ticket had been punched, and it was only a matter of time before his income significantly rose. However, his heart wasn't in it. He was in the job for the wrong reasons; all the while, he had developed a keen understanding of his calling.

After much consideration and consternation, he decided to pull the trigger on a drastic career shift. This would require him to abandon the status and future income that was surely in store for him and trade it for something far less glamorous and anything but certain financially. Now, his parents and friends are heavily criticizing his decision, even going as far as mockery.

Not only did this hurt, but it also caused him to start second-guessing his decision. After spending enough time with him, there isn't a clearer example of someone who should be making this career shift than him. In everyone's defense, though, I get why it would be difficult to comprehend from an outside perspective. What he's doing is counter-cultural. He's also choosing meaning over money, which is a surefire way to draw heat from a culture obsessed with materialism and "security."

I told him that the mockery confirmed that he was right where he needed to be. He should wear it as a badge of honor. I know what it's like to be criticized—even mocked—for making counter-cultural decisions. I also repeatedly see it in my coaching. As I reflect on my recent coaching conversations, here's a handful of items people have been criticized or mocked for (oftentimes by the people closest to them):

• Downsizing a home so one spouse can stay at home.

• Having the audacity to grind through $100,000 of student loans and credit card debt.

• Choosing to give away 30% of their income.

• Selling a new-ish car and becoming a one-car family so they could create more financial margin.

• Sending their kids to private school, knowing they will need to make many sacrifices to make it happen.

• Saying "no" to a group vacation because they couldn't make it work in their budget.

• Getting rid of their credit cards because they realized how much better their financial life would become without them.

Want to know my favorite criticism I received when I left my prior career? "Your kids deserve better." Ouch. That one hurt, especially coming from someone I deeply care about. While that was a painful comment, it was confirmation that I was doing the right thing. My kids do deserve better, but "better" doesn't mean more. More isn't better. Better is better. I'm actually glad this happened....it was exactly the confirmation I needed.

Let the mockery be your confirmation.

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

A Different Kind of Currency

I recently received a message from a reader: "You put in so much work on the blog and podcast, but we get it all for free. Is there any way we can financially support you?"

No. No, there isn’t. No, you can’t. Your money is no good here (as they say in the movies)! I don't create 365 blog posts and 104 podcast episodes per year for money. After all, this is called Meaning Over Money.

However, I do deal in a different kind of currency. Instead of dollars and cents, I get paid in impact and change. Helping other people live a more meaningful life is the beautiful compensation I receive from this work.

Which brings me to you. The best way for me to create impact and cause change is for more eyes to read and more ears to listen. If anything I write or say moves the needle for you, and you think it could perhaps move the needle for someone else in your life, would you mind sharing? As you might have noticed, I've been experimenting with a footer on every day's post that includes a link to subscribe to the blog. The daily e-mail also includes a link to the podcast. Therefore, any time you forward an e-mail, send a blog link, or share the podcast, you're paying me with the most valuable currency I could ever ask for: The opportunity to serve someone.

I would be honored to speak into the life of someone you care about. On the flip side, please share with me if there are other people, resources, blogs, podcasts, or content that adds value to your life (and you think I might benefit, too). We all get better when we share good ideas. I'm honored when my ideas get shared, but I'm also blessed when ideas get shared with me. Let's multiply this culture of sharing. We never know what will happen when the right content hits the right person on the right day. Impact!

Blessed to be on this journey with you!

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.

But Not As a Lifestyle

Our family has had a great week at the lake. Lots of fun times and memories made. There are components of my day that are so appealing. Playing in the pool with the boys. Sitting at the dock and enjoying the calmness. Sleeping in (if the boys allow). Spending time on a boat. Cooking meals for my family (I love when I get to cook). So good!

I love everything about my time at the lake, but not as a lifestyle. What makes lake life (or insert any type of vacation here) awesome is the fact it's a treat. It's a pause from life. It's a reprieve from an otherwise crazy life. It's the reward for all the good work. It's an opportunity to rest up before jumping back into battle. The fact it's scarce is what makes it all that much sweeter.

I love my time at the lake, but not as a lifestyle. This is one of the biggest myths of the early retirement movement. There's a broad belief that stopping work and dedicating one's life to simply living a life of leisure is the ticket to happiness. I couldn't disagree more, and the science couldn't, either. People who live a leisurely life report lower levels of satisfaction and happiness. On the flip side, people who work and believe they are productive and adding value to others have much higher levels of overall life satisfaction.

I have a friend who just retired at 46. He and his wife believe they found a secret hack to life and will now live a far superior life than all of us working suckers. Their plan is to aimlessly bounce around from beach to beach, resort to resort. Never worry, though. They will "be sure to keep busy," as if busy is the definition of fulfillment. They are a few weeks into this adventure and report feeling "happier than ever." This makes sense, since vacations add a lot of value to our lives. However, what will happen to them in two, four, or six weeks when the vacation doesn't end? What will happen when there's nothing meaningful or fulfilling to return to? If we're looking at the science, the future doesn't look so bright. Time will tell, and I'll be sure to keep you updated.

I miss work. I miss serving those I have the privilege of serving. I can't wait to get back soon. At the same time, I would love to spend time at the lake monthly. Swoop in, recharge the batteries, make a few memories, then get back to work. Work, rest, work, rest. Oh yeah, some sun, too!

I hope you find time to get away. Go have fun. Make some memories. Get some much-needed rest. But you probably don't want to make it a lifestyle. You have far too much value to add to this world (and to yourself).

____

Did someone forward you this post? We're glad you're here! If you'd like to subscribe to The Daily Meaning to receive these posts directly in your inbox (for free!), just CLICK THIS LINK. It only takes 10 seconds.