The Daily Meaning
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No Room For Hypocrisy
In short, I have a one-word answer for this: hypocrisy. Hypocrisy prevents me from using credit cards. If I'm publicly and privately criticizing the use of credit cards, warning of the risks, in what world would it make sense for me to use one myself?
Midlife Crisis: Year 2
Today is a sad day in the Shelton household. Today is the day when my 350Z (aka my midlife crisis, as my friend Emma calls it) gets stored away for the winter.
The Oz Next Door
"You throw around all these statistics, but there's literally not one person in my life who is struggling with credit card debt."
Just Pay It Off Each Month, They Say
Credit cards are our best friends... until they become our worst enemies. Unfortunately, we never know when that tipping point will come. One minute we're fine, and next our financial life is ruined. I've been on a crusade against credit cards for nearly 15 years, and there's no better topic to stir up the hate train than to discuss my disdain for them.
Embracing the Chaos
But what about 8-10%!?!? Isn't that what we should use to gauge performance? Yes....and no. Let's play a little game. In the last 155 individual years, how many years did the stock market finish in the positive 8%-10% range?
A Good Ol’ Fashioned Audit
You wouldn't believe how many expenditures in our lives fall into the camp of not being as valuable today as they once were. Yet, we keep them around out of habit (and the path of least resistance).
Letting Go
Letting go is the hardest thing in the world. It reminds me of something a pastor once told me: "If everything God tells you to do is what you already wanted to do anyway, that's not God. That's you living for your own selfish desires and using God to justify it." Ouch.
Not Going to the Grave With Me
Every so often, I feel the need to ask for Sarah's opinion before publishing a blog or podcast. Either the content is too sensitive, or I feel a tinge of doubt. Last December, when I presented something to Sarah, her response was, "Please don't post this. I think you'll regret it." I canned it. For the past 10 months, it's just been sitting in my drafts.
Just Chilling On a Hard Drive
14 years "just chilling on a hard drive," as Tyler put it. That song could have died with them. It could have been taken to the grave. Not one other person in the world might have ever heard it. But then, in some form of beautiful serendipity, they were nudged to finish it and release it to the world.
Fighting Secret Battles
Here's the thing. Secret battles aren't reserved for people who look like they are fighting battles. Looks can be deceiving. Often, the people who are fighting the fiercest battles are the people you'd least expect.
A Heavy Anchor
A huge shout-out to the couple that granted me permission to share this story. I pray good comes from it, and that my harsh-ish words can move the needle in their marriage!
We, Not Me
Business owners often act as though they are on an island, and everything rides on their ability to individually figure it out. Business ownership can be lonely, but luckily, it doesn't have to be.
More To the Story
Statistics show that 20% of businesses fail within the first year, 50% fail within the first five years, and (depending on the source) 65%-80% fail within the first ten years. You've probably heard some iteration of these numbers. The broad consensus upon seeing this data is to conclude that business ownership is simply an uber-risky endeavor. That theory makes sense, and the numbers would seem to point in that direction, but I don't think that tells the full story.
The Gatekeepers Are Dead
For generations, we lived in a world of gatekeepers. If you wanted to publish a book, you'd need a publisher to say "yes" to you and offer to publish it. If you wanted to be a radio or TV personality, you'd need a network to sign you. If you wanted to record an album, you'd need a label to discover you. If you wanted to start a business, well, there were a ton of barriers to entry.
Rock Bottom
"Okay is the worst place to be." There's nothing worse than being okay in xyz area of life. Okay isn't good enough to thrive, but also not bad enough to change.
Never Enough Income
This couple makes more money than ever before, yet at the same time, there doesn't seem to be enough. How can that be?!?! How is it possible to make twice as much as we once did, yet still not have enough?
Grateful For That Kid
Now, this couple will spend the next season of their lives creating an entirely new reality that will forever transform their family. All because that 23-year-old kid had enough awareness and respect for his future self to live with wisdom and discipline.
Turns Out Old Isn’t Old
My friend had a different philosophy of life. In his words, we might die tomorrow, so we might as well have as much fun as we can now. And even if we don't die tomorrow, why wait until we're 50 or 60 to have fun, since we'll be too old to enjoy ourselves by then anyway.
The Secret Sauce
When someone lacks humility, the ceiling is quite limited. With a high level of humility, there's nothing that can stop them. That's it, that's the secret sauce. If you ever want to know what sets some people apart from others, it's humility.