There are very few benefits that will appreciate over 50 years. Even those that do naturally, like if you bought gold bullion, that’s generally going to appreciate over the decades. But it’s still not going to bring you benefits over the years, right? It’s still going to go down, right?
[6:58] Most of the things we buy depreciate. That’s when I realized I wanted to invest as much of my time, money or energy or whatever into things that are going to have the biggest pay off. And that’s kind of when I came to this idea.
Eddy: So, you’re saying, basically, that instead of wasting your time (or potentially wasting your time) doing something completely on your own, you’d rather put the money into an idea or a program that’s going to help you get past that learning curve?
Do you feel as though a lot of people who start new ventures–like maybe they choose a skill like a language or start going to the gym to get buff or lose weight–or, even for dating coaching–do you feel like a lot more people would stick to it if they thought investing in an actual program where someone guides them and makes something out of them faster than just kind of wandering through the dark (basically) and eventually quitting?
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Darren: [8:03] I think accountability is a big thing, especially if it’s something that’s difficult or has a high failure rate. Think about it: Why does law school exist? Why does college exist? You could do both on your own. There are reports of guys who’ve passed the bar and become lawyers without ever having gone to law school. Now, it’s really rare to self educate and not go through the education system. There’s no accountability. Think about it: law school and the educational system is simply about accountability. You could do the same work and take the same exams; it’s just that you won’t do it, so you have to have a teacher there who says, “Now do this exercise.”
[8:54] So I think accountability’s a big thing for making sure that you do it, but I think, in the bigger picture (and the way I wrote that post) is that I try to run my life like I run my business or just an organization or like I would run a military unit (or whatever) as a whole–because organizations are designed to be self sufficient; they’re designed to maximize growth, they’re designed with specific goals in mind.
[9:18] Most people don’t run their lives like that; they run them like amateur organizations that will go bankrupt. You don’t want to do that because you will go bankrupt. You’re not running things correctly, functionally speaking.
[9:36] At the beginning of the year–the fiscal year–what do organizations do? They set up a fiscal budget, right?
When I was in the military, we had to set up a training budget. We allocated a certain amount for courses (sometimes even civilian courses, right?) and budgeted for instructors.
When I was in Marine Corps Bravo, the guy I’m taking the next course from was teaching the military edge weapons and stuff (like fighting with knives and all these different kinds of things).
At the beginning of the year, military groups and organizations will have a budget for what they’re going to spend–on guys like Bravo or supplies, etc.
Very, very few people actually do that: set aside a budget for that. They’ll set aside a budget if they have to, like for college tuition and books. But afterward, no one sets up budgets for training or food or entertainment.
Most people don’t do that, let alone look at their own books or accounting… unless there’s a problem! Most people don’t look at their own financial records like a business would, to see where their finances could be optimized, the way a business would. And that hurts you in the long run. Your personal development ends up being the same way a business would if it didn’t do those things. You’re missing an opportunity to optimize that part of your life!
Eddy: Obsolete, basically.
Darren: [11:50] Yep. Yeah.
Eddy: What would be one consequence of running your life kind of hunky-dory and being like a leaf in the wind? What would be a major consequence?
Darren: [12:02] I think it’s the same thing as if you had a business and you ran it like that. The big consequence is: you tend not to meet your goals. As you said, you’re a leaf in the wind; you’re kind of a jellyfish. If a jellyfish wants to go from the east coast of Canada to Australia… Good luck, right? You’d better hope the water’s going in your direction!
Because there are no sails being set, no control and no actions in place, you’d just be relying on the “luck of the draw”. You’d be allowing your environment to push you in that direction.
[12:36] Say it’s financial. If you don’t have–presumably you have some sort of financial goal, you’re just praying to God that something finds a way to get there. I think that’s what most people are doing day to day and year to year, yet they expect to get some sort of windfall or financial success.
Everybody wants to be successful, financially, but, actually, less than one percent of the population is doing anything about it. Or doing the right things–like setting goals and taking the right actions to make it happen.
I think that’s why they get or have the financial inequality we have today. Especially in the United States, you see that people would rather complain about the inequality: yes, there’s inequality; yes, there are certain things that need to be addressed, politically. But people are more concerned with complaining about it than going about changing it.
I’ll bet, that if you polled the people in the occupy movement, you’d get, “Oh, these people are the one percent and we’re the 99%” stuff.
If you polled them and asked what things they were doing to get out of the 99%… asked them if they had a budget for this year or if they were investing in themselves so they could get closer to the one percent next year… dude, if you want to be in that one percent, are you doing anything about it?
They’ll respond, “Well, not really…” They’d rather not do anything about it; they’d rather just complain about it. I think that if you don’t do anything to hit that success, then you can’t really complain when you don’t hit that success.
Eddy: Yes; I think it would be more productive for people to get their minds together and work toward achieving business goals and stop making $30K a year (or whatever the income is).
Just thinking about bills, I see where you’re at, too, talking about the occupy movement. I hear from past friends who would rather complain about the price of tomatoes, rather than earning more money so they can pay for them. When people say things are too expensive I say you just need to make more money.
One book that had a major influence on me years ago was, Rich Dad, Poor Dad: What the Rich Teach their Kids about Money that the Poor and Middle Class do Not! by Robert Kiyosaki.
(I’ve heard recently that maybe the story wasn’t real.) But the same principles holds true: you have to invest in yourself. There’s no such thing as “too expensive”, really. Obviously, if you want to buy a penthouse in New York, that’s really fucking expensive unless you’re a billionaire. It’s relative to where you are in your own life.
If food is too expensive in your city–and, we’re talking about a basic necessity here–that just means you’re not making enough money, in my own opinion.