| Date: |
August 25, 2022 |
| Time: |
11:00AM |
| Appearance: |
The Construction Hall of Fame Podcast |
| Outlet: |
iTunes, Spotify, Buzzsprout |
| Location: |
Los Angeles, CA |
| Format: |
Podcast |
Contact me to interview me as a guest on your podcast.
With a title like “The Psychology of Money,” you might expect the material within to be dense and heavy. However, the book is extremely approachable and digestible.
If you really care about growing your net worth, investing and making important decisions in your life (why wouldn’t you?), I really recommend this book. It will transform what you think about money and life. Below are a few big ideas from the book. Enjoy!
Go out of your way to find humility when things are going right and forgiveness/compassion when they go wrong. Because it’s never as good or as bad as it looks. The world is big and complex. Luck and risk are both real and hard to identify. Do so when judging both yourself and others.
Less ego, more wealth. Saving money is the gap between your ego and your income, and wealth is what you don’t see. So wealth is created by suppressing what you could buy today in order to have more stuff or more options in the future. No matter how much you earn, you will never build wealth unless you can put a lid on how much fun you can have with your money right now, today.
Excerpt From: Morgan Housel. “The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness.”
Deep Work: Professional activities performed in a state of distraction-free concentration that push your cognitive capabilities to their limit. These efforts create new value, improve your skill, and are hard to replicate.
Shallow Work: Non-cognitively demanding, logistical-style tasks, often performed while distracted. These efforts tend not to create much new value in the world and are easy to replicate.
(2) Core Abilities For Thriving in Today’s Economy:
- The ability to master hard things quickly
- The ability to produce at an elite level, in terms of both quality and speed
“I build my days around a core of carefully chosen deep work, with the shallow activities I absolutely cannot avoid batched into smaller bursts at the peripheries of my schedule. Three to four hours a day, five days a week, of uninterrupted and carefully directed concentration, it turns out, can produce a lot of valuable output.” – Cal Newport
Today, we are more connected than we ever have been. But are we really connected? If you look around, some would say not really.
What kind of thoughts do you manifest on a daily basis? When do you decide to take on new challenges? How do you crush your goals? How do you improve your mindset?
Rich Dad’s CASHFLOW Quadrant is a guide to financial freedom. It’s the second book in the Rich Dad Series and reveals how some people work less, earn more, pay less in taxes. The author explains the 4 quadrants you can operate in and how to maximize each. The four quadrants are: S (Self-Employed), E (Employee), B (Business Owner), and I (Investor).
If you’re anything like me, you’re aspiring to be greater than the person you are today. This is what I call The Journey. Do you want to increase your income? Do you want to live healthier and happier? Do you want to be a high performer in every area of life? Me too.
High Performance as defined in this book is: succeeding beyond standard norms, consistently over the long term. This book is pure gold and recommended for anyone trying to reach peak performance in business, career, and life. Brendon is widely considered the world’s leading high performance coach (according to both Success Magazine and Oprah.com). The habits in this book are precise, actionable, repeatable, scalable, and sustainable.
Brendon breaks high performance down into 6 habits and refers to them as the HP6:
- Clarity – Who you are, what you do, how you interact, where you’re going.
- Energy – maintain focus, effort, & well being, stay on your A game.
- Necessity – Success is your duty, responsibility, and moral obligation.
- Productivity – minimize any and all distractions.
- Influence – Getting people to believe in and support your ambitions.
- Courage – Express your ideas, take bold action, face uncertainty.
In addition to reading the book, I also recommend watching/listening to this interview with Brendon & Lewis Howes on The School of Greatness Podcast.
From the standing desk of Kyle Nitchen Subj: Cash Flow — Getting rich is a taboo topic in our society. Often times, being rich or even desiring to become rich can be mistaken for being greedy, selfish, or gluttonous. Every day, every one of us is confronted with money requirements and limitations:
In this episode, we are joined by Kyle Nitchen — Senior Project Manager at Layton Construction.
