Live Better

This week on the Growth Guide Podcast we talked to Bill Perkins, author of Die with Zero: Getting All You Can From Your Money and Your Life.

Everyone is concerned about becoming a millionaire.

They forget you can’t take it to the grave.

Imagine if, by the time you died, you did everything you were told to. You worked hard, saved your money and looked forward to financial freedom when you retired.

The only thing you wasted along the way was….your life.

This book provides a practical guide on how to get most of your money and out of your life with concepts like:

• Decumulation

• Time-bucketing

• Gifts > Inheritance

• Memory dividends

• Investing in experiences

• Consumption smoothing

• The last check should bounce

Click below to listen to the episode:

Achieve More

Today, I read the Curiosity Chronicle from my friend, Sahil Bloom, and he talked about how to get out of a rut.

It struck a chord.

Burnout is like a rut but affects all aspects of your life, not just your creative process or work.

Reading his article made me realize, I’m burnt out…again…

When I talked with Brad Stulberg on the Podcast, we talked about burnout being an occupational hazard for creators.

The curse of the creator is the dark side of obsession. It is the inability to ever turn it off, which we know in the long term leads to burnout.

The obsession fuels you until it shuts you down.

I believe our obsession leads to our success.

The radical prioritization of our time and efforts until we reach our goals.

I also believe we need to have guardrails in our lives.

We need to have boundaries that allow us to prioritize radically.

When I burnout, here’s what I do:

1. Take a break

2. Ask questions

3. Reset my priorities

4. Understand next time

Take a Break

If I continue to push hard when I’m burnt out, it’s game over.

It increases the burnout.

When you’re in this position, you often worry the time you lose to a break won’t allow you to complete what you set out to do.

But, sometimes you need to take a step back to take two steps forward.

Ask Questions

Here are some of the questions I ask myself when I’m burnt out:

1. With what’s happening, what’s my fault?

2. What am I doing that energizes me?

3. What am I doing that drains me?

4. What am I saying no to?

5. What can I change?

6. Self-care time

With what’s happening, what’s my fault

The first bullet point brings your mind to what’s in your control.

If you can’t control something, you don’t want to think about it.

If you can control something, you can change it.

What am I doing that energizes me

If you’re in burnout, you want to recognize what energizes you so you can focus on it.

Often, you may simply want to cut your activities across the board, but that’d be a mistake.

When you look at the activities, ask yourself, what energizes me, because those are the activities that will bring you out of the burnout.

What am I doing that drains me

The other side of the ledger is what drains you.

If you can, these are the activities you need to stop.

If you can remove the energy drains and people in your life, you’ll increase the likelihood of recovery.

What am I saying no to

When you’re burnt out, you’re doing too much.

You’re also often burnt out, because you’re working on the wrong things.

Before you say yes to something, ask yourself what you may be saying no to.

For example, if you’ve set your mission and purpose and certain of your activities don’t contribute to the mission, unless it’s fundamental, STOP.

What can I change

If you’ve burned out.

You don’t need to do it again.

Ask yourself what you can drop or change.

Ask yourself what boundaries you can put in place so this doesn’t happen again.

What are the limits you’re willing to work? What are the outside commitments you’re wiling to accept?

Be ruthless in your priorities and boundaries.

Self-care time

If you want to avoid burnout again, you need to take care of yourself:

• Exercise

• Meditate

• Take walks

• Set boundaries

• Eat healthy foods

• Maintain relationships

You’re less likely to burn out when you’re taking care of your mental and physical health.

Until next time, my friends, let’s stay healthy.

Be Financially Free

One of the rules you want to know as you start out on your financial freedom journey is the $27.40 Rule.

If you save $27.40 daily, you’ll save $10,000 annually.

If you start to invest $10,000 annually at 20 and earn 8%, you’ll have $2 million at 55.

I wish I’d invested $10,000 per year from 20 onwards.

Don’t make my mistake

Get started.

A Thought

It’s so easy to lose sight of the finish line.

The money comes in and it goes out without a thought.

It isn’t until we’re intentional about the future that we change the present.

A Question

How can you change your income or spending to retire when you want to?

Etc.

For the Thought and Question, drop me a note - I want to hear from you.

When you have 10 referrals, you’ll receive a Free Guide on the 15 Mindset Shifts that will help you be a Millionaire and $100 off our Twitter Growth Community: