The Daily Meaning
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Lessons From My First 10 Years at the GLS
I'm going to share the three main lessons the Summit has taught me over the years. No, these aren't lessons shared by specific speakers. Rather, they are lessons I learned about learning. This applies to the Summit, but through a broader lens, I think it applies to life as a whole.
It’s All Connected
If it's true that it's all connected, then it feels like everything is a chain reaction to everything else.
Normalize Winning
It never dawned on him that he could create something this impressive. It never occurred to him that he possessed the ability to build something so cool.
Planning For Imperfection
Many families operate their finances as if everything will go perfectly. They structure their standard of living, monthly costs, and lifestyle choices all the way up to their current income.
Your Ideal Reset
A study conducted in 2012 found that, on average, the ideal length for a vacation is eight days. That's when we achieve maximum satisfaction before the law of diminishing returns kicks in.
Blood Money
One reader took exception to my analysis and aggressively came to the defense of my friend. "You're a finance guy, Travis. You know the math. If your friend invests $850 each month for the next 25 years, that's $1,000,000. That's how he gets to create generational wealth. He'd be stupid to throw away that opportunity."
Putting the Meaning Where Our Mouth Is
There's an immense cultural pressure to place money above all else. "Take care of your family." "Provide." "Create wealth." "They deserve more." It's so loud that it can seem deafening.
No Countdowns
One of my friends recently found out his wife has "One to three months" left to live. In their 30s, their internal clock probably said they had 60 more years left in the countdown. Then, at the snap of a finger, their countdown is reduced to 30-90 days.
Idle Hands
You know what they say about idle hands, though. This is the moment most business owners would get big eyes, grow complacent with their current operation, and decide to start multiplying.
Empty Soul, and Tons of Regret
"30 years of service to a job, and all you have to show for it is an empty house, empty soul, and tons of regret."
Self-Employment Is Perfect, If…
However, the grass always feels greener on the other side. And to him, the grass of self-employment seems a lot greener than that of corporate America.
It’s NEVER Too Late
I regularly tell 40-somethings that today is a great day to change their lives and take drastically different paths. Sure, they might have been chasing money, stuff, and status for two decades now, but they still have so much time left. It's NEVER too late.
Because Of, Not In Spite Of
Sometimes, we look at these types of situations and tell ourselves that life is good in spite of these twists and turns.
Yes, You Can Have Both, But….
You can be both wealthy and rich. It's not one or the other. However, there's an irony here. The only way to get both (in most cases) is to simply pursue richness.
Rich vs. Wealthy
Being wealthy is not the same as being rich. One has everything to do with money, and the other has nothing to do with money.
Everything Is Temporary
As humans, we tend to possess a fatalistic view of life. We treat many (or most) decisions, whether big or small, as permanent. The cars we buy, the houses we live in, the jobs we take, the hobbies we pick up, the clubs we join, the people we associate with.....and the list goes on.
Always the Long-Term
Whenever a decision needs to be made, we filter it through the lens of the following question: Which option is better for the firm 10 years from now?
Nightmare Initiated
Yesterday morning, at approximately 4:00 a.m., I was awakened by a flash flood warning on my phone. As I gained consciousness, I heard the sound of a torrential downpour outside my bedroom window. That's the moment it happened. I instantly realized I had made the mistake of mistakes. One of my biggest nightmares had just been initiated. I forgot that I left my convertible top down!
Imitation and Excellence
You know what they say, imitation is the best form of flattery. Nobody would try to steal our designs if it sucked. Therefore, it tells us that what we're doing is moving the needle.