- The Growth Guide
- How to Understand the Stock Market and Write Your Eulogy
How to Understand the Stock Market and Write Your Eulogy
Welcome to the Growth Guide, a weekly newsletter where I share actionable ideas to help you Live Better, Achieve More and Be Financially Free.
This week on the Growth Guide Podcast we talked to Brian Feroldi author of Why Does the Stock Market Go Up? Everything You Should Have Been Taught About Investing In School But Weren’t.
The Stock Market is the simplest path to grow your wealth.
Stocks can be scary for beginners because they don’t teach this in school.
Why Does the Stock Market Go Up breaks down basic investing concepts so anyone can understand and take action, including:
What is a stock
What is a stock market
What’s a public company
Why do stocks have value
Do you need a financial advisor
How to avoid investing mistakes
What is a stock’s value based on
Why do stock prices go up and down
Click below to listen to the episode:
On the Podcast, my guest, Vanessa Loder, said something that’s stuck with me for months now.
She talked about Building Your Resume versus Building Your Eulogy.
While I’ve been thinking about it, I read this Kevin Kelly quote:
Kevin’s going to join me Friday to talk about his book, Excellent Advice for Living and I’m looking forward to the conversation.
Let’s take a step back, though.
Let’s focus on what Vanessa and Kevin are getting at.
Even that idea.
To take a step back.
It’s so foreign to too many of us.
We’re always moving forward. Focused on the default path:
A new sports car
A bigger and better house
We’re so focused on the resume build we don’t notice life is passing us by.
We don’t see what we’re missing right before us.
Whether it’s our partner falling out of love with us, day by day or our children losing the sparkle in their eye when they see us because we’ve been too absent and aren’t their superhero anymore.
It could even be the 20 lbs we put on one pound per year for 20 years, barely noticing it add up until it’s too late.
I’ve done all of these.
Believe me, I used to be That Guy:
I used to be "that guy"
I put my Work ahead of my Health and Family.
It all came to a head when my health gave out, my son stopped looking me in the eyes and my marriage was on the rocks.
It was the wake-up call I needed.
Now, my health and family will always come first.… twitter.com/i/web/status/1…
— Clint Murphy (@IAmClintMurphy)
Apr 16, 2023
A bad father
A poor husband
An out-of-shape couch potato
But, I was getting promoted.
I was making more and more money.
My net worth was reaching levels I’d never imagined.
My wife and I were going to build our dream house in the city.
Everything was going right until everything was going horribly wrong.
In the course of two years, two things happened:
My son stopped saying I Love You and looking me in the eye
I burned out so badly I needed to seek medical help
The burnout and medical help hurt.
But, nothing’s ever hurt more than the look in my son’s eyes when I asked him if the reason he wouldn’t say I Love You or look at me was because I worked too much.
He looked at me with tears before looking away and nodding his head up and down slowly a few times.
I was building a DREAM Resume and it didn’t matter.
The only thing that mattered to me, my family, was falling apart.
It was time to make a change.
This is where building your Eulogy comes in.
When you’re building your Eulogy, you’re focused differently:
Values and beliefs
Contributions and impact
It becomes less about what you have and more about how you live.
Since that moment, I haven’t been perfect in a complete change of who I am and how I behave.
We’re all a work in progress.
But, my priorities are not the same.
My priority stack is completely different and is focused on these four priorities:
My wife and boys
Extended family and friends
I’m on a path to step away from the career grind.
A path to be a solopreneur from home, present with my wife and kids.
Nothing will ever take priority over my health, family and relationships again.
After all, the days may go by slow, but the years, they go by faster and faster, my friends.
Be Financially Free
Over the long term, stocks go up and to the right for these seven reasons:
With these forces in place, stocks should keep going up.
It’s so easy to lose track again.
We forget the struggle until we’re in a new struggle that looks like the old one.
When you die, if you could attend your funeral:
Who would you want to be there
How would you want them to feel
what would you want them to say about you
For the Thought and Question, drop me a note - I want to hear from you.
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