1
00:00:00,120 --> 00:00:02,960
Speaker 1: Welcome to How to Money. I'm Joel and I'm Matt,

2
00:00:03,200 --> 00:00:06,520
Speaker 1: and today we're discussing creating a personal mission statement with

3
00:00:06,640 --> 00:00:29,360
Speaker 1: money Pro Scott Rickens. Joel money Pro, you would explain

4
00:00:29,400 --> 00:00:31,160
Speaker 1: to our listeners, but this is all about Yeah. So

5
00:00:31,240 --> 00:00:33,680
Speaker 1: this is a new show that we're putting out once

6
00:00:33,720 --> 00:00:35,919
Speaker 1: a week, and we thought it would be really interesting

7
00:00:36,000 --> 00:00:38,960
Speaker 1: to bring together some of the finest personal finance minds

8
00:00:39,120 --> 00:00:41,479
Speaker 1: from around the nation and some of them around the world,

9
00:00:41,640 --> 00:00:44,320
Speaker 1: to to bring onto the show to discuss the topic

10
00:00:44,400 --> 00:00:47,199
Speaker 1: that they're passionate about, that they're an expert on, and

11
00:00:47,200 --> 00:00:48,800
Speaker 1: then you and I were going to kind of unpack

12
00:00:48,880 --> 00:00:50,199
Speaker 1: some of the things that they have to share with

13
00:00:50,240 --> 00:00:53,000
Speaker 1: our audience. I think it's just gonna be a really neat, interesting,

14
00:00:53,360 --> 00:00:56,280
Speaker 1: kind of different way to get a super relevant personal

15
00:00:56,280 --> 00:00:58,680
Speaker 1: finance topic out there for our listeners. But before we

16
00:00:58,720 --> 00:01:00,600
Speaker 1: get to that, Matt, I want to tell you about

17
00:01:00,600 --> 00:01:03,320
Speaker 1: a historical event that I had never known existed until

18
00:01:03,440 --> 00:01:05,360
Speaker 1: just the other day. Yeah, so you dropped this down

19
00:01:05,640 --> 00:01:08,280
Speaker 1: and I have never heard of it either, so I'm

20
00:01:08,280 --> 00:01:10,160
Speaker 1: excited to hear man. Okay, So, there was this thing

21
00:01:10,160 --> 00:01:14,440
Speaker 1: called the London beer Flood of eighteen fourteen, we talked

22
00:01:14,480 --> 00:01:16,000
Speaker 1: about beer on our show. We drink a beer on

23
00:01:16,040 --> 00:01:18,560
Speaker 1: our show, and I just thought, London beer flood, that's

24
00:01:18,560 --> 00:01:20,360
Speaker 1: something I have to tell everyone about. Just I didn't

25
00:01:20,360 --> 00:01:23,000
Speaker 1: know anything about it until recently. And so it happened

26
00:01:23,160 --> 00:01:27,160
Speaker 1: in eighteen fourteen in London, and there was I gathered

27
00:01:27,160 --> 00:01:30,520
Speaker 1: that from the title, right, the London beer flood. And

28
00:01:30,560 --> 00:01:32,760
Speaker 1: so there was a huge vat that had a hundred

29
00:01:32,800 --> 00:01:37,240
Speaker 1: and thirty five thousand imperial gallons of beer ruptured and

30
00:01:37,240 --> 00:01:39,240
Speaker 1: it caused all the other vats of beer in the

31
00:01:39,280 --> 00:01:43,119
Speaker 1: same building to also rupture. Domino effect, right, Yes, so

32
00:01:43,280 --> 00:01:47,280
Speaker 1: there were over three hundred and twenty three thousand imperial

33
00:01:47,280 --> 00:01:49,880
Speaker 1: gallons of beer that gushed into the streets. It was

34
00:01:49,960 --> 00:01:54,600
Speaker 1: a true tidal wave of beer that destroyed homes, crumbled walls,

35
00:01:54,720 --> 00:01:59,560
Speaker 1: and actually killed multiple people. Uh. Yeah, beer should not

36
00:01:59,640 --> 00:02:01,920
Speaker 1: be used for death. Let mean, come on, if that's

37
00:02:01,920 --> 00:02:04,280
Speaker 1: how you're gonna go, though, that's a good point, right,

38
00:02:04,400 --> 00:02:05,800
Speaker 1: that's a good point. If I was going to go,

39
00:02:05,880 --> 00:02:09,079
Speaker 1: I would choose beer flood. But but yeah, sadly people

40
00:02:09,120 --> 00:02:11,520
Speaker 1: were were killed in the flood back in fourteen. But

41
00:02:11,639 --> 00:02:13,960
Speaker 1: just kind of a crazy thing to think about that

42
00:02:14,000 --> 00:02:15,920
Speaker 1: stuff like that happened back then and it was a

43
00:02:15,919 --> 00:02:19,800
Speaker 1: different time and obviously just huge bats of beer just

44
00:02:19,880 --> 00:02:22,919
Speaker 1: randomly rupturing at times, and it's just an interesting story.

45
00:02:22,960 --> 00:02:24,560
Speaker 1: I thought, Yeah, I love that. Man. It sounds like

46
00:02:24,600 --> 00:02:26,000
Speaker 1: it's sort of a made up thing, right, like you

47
00:02:26,040 --> 00:02:28,320
Speaker 1: hear like small town is getting engulfed by whatever it

48
00:02:28,400 --> 00:02:30,399
Speaker 1: is that they that one small town happens to make.

49
00:02:30,919 --> 00:02:32,959
Speaker 1: And uh, but I love that this is a real

50
00:02:33,040 --> 00:02:34,600
Speaker 1: thing that happened. But I want to know, is what

51
00:02:34,720 --> 00:02:37,560
Speaker 1: exactly is an imperial gallon. That's a good question. I

52
00:02:37,600 --> 00:02:39,960
Speaker 1: don't know either. I know that just mean British, like

53
00:02:40,280 --> 00:02:42,720
Speaker 1: it must like a British gallon, but I know that

54
00:02:42,919 --> 00:02:45,760
Speaker 1: an imperial pint is twenty ounces versus an American point,

55
00:02:45,800 --> 00:02:47,240
Speaker 1: which is sixteen ounces. I was shut up. So it

56
00:02:47,280 --> 00:02:49,040
Speaker 1: was actually more than that. I'm imagining that it was

57
00:02:49,080 --> 00:02:50,760
Speaker 1: more than a regular gallon. But I'm sure one of

58
00:02:50,760 --> 00:02:52,760
Speaker 1: our listeners knows, and they'll shoot us an email and

59
00:02:52,760 --> 00:02:55,480
Speaker 1: and tell us that's right, because our listeners pay attention,

60
00:02:56,280 --> 00:02:59,840
Speaker 1: and we've had multiple folks actually message us about this

61
00:03:00,080 --> 00:03:03,000
Speaker 1: program man called every Kid in a Park, which is

62
00:03:03,040 --> 00:03:06,040
Speaker 1: this fantastic program with the National Park Service where every

63
00:03:06,040 --> 00:03:09,160
Speaker 1: fourth grader gets a free pass to go to national

64
00:03:09,240 --> 00:03:12,600
Speaker 1: parks for an entire year, and not just the kid,

65
00:03:13,080 --> 00:03:16,160
Speaker 1: but their entire family. And so this is in response

66
00:03:16,200 --> 00:03:18,760
Speaker 1: to our episode where we did taking advantage of free

67
00:03:18,760 --> 00:03:21,520
Speaker 1: stuff and we talked about getting into national parks, how

68
00:03:21,560 --> 00:03:23,240
Speaker 1: there are certain days in the year where you get

69
00:03:23,280 --> 00:03:25,240
Speaker 1: in for free. But you and I, I I guess we

70
00:03:25,280 --> 00:03:27,640
Speaker 1: just weren't pretty overlooked. Yeah. I didn't know about this. Man,

71
00:03:27,680 --> 00:03:29,800
Speaker 1: I don't have a fourth grader yet, so we didn't know.

72
00:03:29,880 --> 00:03:32,360
Speaker 1: And so a couple of our listeners wrote in and

73
00:03:32,360 --> 00:03:35,600
Speaker 1: they were like, you dummies, how did you Yeah? So, yeah,

74
00:03:35,600 --> 00:03:38,800
Speaker 1: we really appreciate anytime we miss something or there's valuable

75
00:03:38,800 --> 00:03:40,680
Speaker 1: information for the rest of the audience that we didn't

76
00:03:40,680 --> 00:03:43,320
Speaker 1: get to. We'd love to hear your input. We'd love

77
00:03:43,320 --> 00:03:44,880
Speaker 1: for you to reach out to us, because then we

78
00:03:44,880 --> 00:03:47,640
Speaker 1: can let everybody know. So, now, everybody listening, if you

79
00:03:47,680 --> 00:03:50,240
Speaker 1: have a fourth grader, or you have a younger kid

80
00:03:50,240 --> 00:03:51,920
Speaker 1: who's going to be a fourth grader one of these days,

81
00:03:51,920 --> 00:03:54,960
Speaker 1: start making plans, make plans to go visit a bunch

82
00:03:54,960 --> 00:03:57,280
Speaker 1: of national parks that year, because you get in for

83
00:03:57,320 --> 00:04:00,040
Speaker 1: free for all three sixty five calendar days of the

84
00:04:00,080 --> 00:04:01,760
Speaker 1: year while your kids a fourth grader. Ye, man, and

85
00:04:01,800 --> 00:04:04,400
Speaker 1: I got three kids, which means that for three years,

86
00:04:04,400 --> 00:04:05,800
Speaker 1: we're gonna be able to go to all the parks

87
00:04:05,880 --> 00:04:12,200
Speaker 1: for free. And I was joking that in we got

88
00:04:12,200 --> 00:04:15,839
Speaker 1: plans and one other. I don't know. You could tell

89
00:04:15,840 --> 00:04:17,839
Speaker 1: me whether this is cheaper, frugal or not. But what

90
00:04:17,920 --> 00:04:20,159
Speaker 1: if my youngest when she gets to fourth grade, what

91
00:04:20,200 --> 00:04:22,680
Speaker 1: if I just continually hold her back so that we

92
00:04:22,720 --> 00:04:24,960
Speaker 1: can keep going to national parks for free every year.

93
00:04:25,160 --> 00:04:27,600
Speaker 1: Frugal or cheap? Yeah, cheap, I would I would say

94
00:04:27,640 --> 00:04:30,440
Speaker 1: dishonest as well. Okay, all right, I'll avoid that then.

95
00:04:30,760 --> 00:04:32,800
Speaker 1: And there are hundreds of national parks out there. Do

96
00:04:32,800 --> 00:04:34,120
Speaker 1: you have a favorite of all the ones that you've

97
00:04:34,120 --> 00:04:35,600
Speaker 1: been to? All Right? So, if I had to pick

98
00:04:35,720 --> 00:04:38,560
Speaker 1: one national park, favorite one that I've been to, that's

99
00:04:38,560 --> 00:04:41,600
Speaker 1: a tough question because they're all so unique. Yeah, there's

100
00:04:41,600 --> 00:04:43,760
Speaker 1: so many, and I've only been a few. But my

101
00:04:43,839 --> 00:04:45,760
Speaker 1: favorite at this point in my life has to be

102
00:04:45,800 --> 00:04:50,479
Speaker 1: Glacier National Park. Dude, Yeah, Glacier Glaciers very nice. Mine

103
00:04:50,560 --> 00:04:53,880
Speaker 1: is Yosemite even there twice. Now, my question for you

104
00:04:53,960 --> 00:04:56,200
Speaker 1: is when your oldest is in fourth grade and you

105
00:04:56,240 --> 00:04:58,320
Speaker 1: start going to the parks, are you gonna go straight

106
00:04:58,320 --> 00:04:59,680
Speaker 1: to Glacier? Like, are you the kind of guy that

107
00:04:59,680 --> 00:05:02,400
Speaker 1: goes to your favorite and it's all sort of downhill

108
00:05:02,440 --> 00:05:04,440
Speaker 1: from there or do you kind of like to build

109
00:05:04,480 --> 00:05:06,760
Speaker 1: up to it and sort of say the best for last.

110
00:05:07,240 --> 00:05:09,720
Speaker 1: So I do have a problem with when I travel,

111
00:05:09,760 --> 00:05:11,640
Speaker 1: if I've gone somewhere before, I want to go back

112
00:05:11,680 --> 00:05:13,960
Speaker 1: and do the same things that I enjoyed, so so

113
00:05:14,040 --> 00:05:17,760
Speaker 1: that that's definitely like my bent um and I love

114
00:05:17,800 --> 00:05:20,400
Speaker 1: exploring new things, but if I'm anywhere in the vicinity,

115
00:05:20,440 --> 00:05:22,320
Speaker 1: I'm going to choose something that I've done before that

116
00:05:22,360 --> 00:05:24,159
Speaker 1: I if I absolutely loved it, so try to like

117
00:05:24,200 --> 00:05:26,480
Speaker 1: challenge myself to do something else. But I there are

118
00:05:26,520 --> 00:05:28,240
Speaker 1: so many national parks that I haven't been to that

119
00:05:28,279 --> 00:05:29,960
Speaker 1: I don't think I would have any trouble. I mean,

120
00:05:30,000 --> 00:05:31,240
Speaker 1: I want to go to Yellowstone, I want to go

121
00:05:31,279 --> 00:05:33,560
Speaker 1: to Joshua Tree. They are all these racial parts that

122
00:05:33,640 --> 00:05:36,560
Speaker 1: I haven't even visited. So I would definitely like Glacier

123
00:05:36,760 --> 00:05:38,920
Speaker 1: is last on my list for a while. I'd love

124
00:05:38,920 --> 00:05:41,239
Speaker 1: to go back someday, but but it's probably like twentieth

125
00:05:41,279 --> 00:05:42,880
Speaker 1: on the list right right, do let's take a how

126
00:05:42,880 --> 00:05:45,760
Speaker 1: the money trip to uh Joshua Tree, because I've never

127
00:05:45,800 --> 00:05:48,000
Speaker 1: been there either, and that's that places awesome I'm in.

128
00:05:48,320 --> 00:05:50,240
Speaker 1: It's awesome in the pictures, that's all I know. So yeah,

129
00:05:50,320 --> 00:05:52,040
Speaker 1: right right, Well I mentioned that because I I'm kind

130
00:05:52,040 --> 00:05:54,080
Speaker 1: of the slow burn kind of guy, and so so

131
00:05:54,080 --> 00:05:55,560
Speaker 1: I think I'm gonna make my family go to like

132
00:05:55,560 --> 00:05:57,880
Speaker 1: all the smaller, crappier national parks and they're gonna be like,

133
00:05:57,920 --> 00:05:59,960
Speaker 1: why are we here? And I'll say, oh, there's a reason,

134
00:06:00,040 --> 00:06:01,640
Speaker 1: and you know, we got to build up before we

135
00:06:01,680 --> 00:06:04,400
Speaker 1: get to the Pinnacle National Park, at least my favorite.

136
00:06:04,440 --> 00:06:06,600
Speaker 1: So because you can't handle it yet exactly, you're just

137
00:06:06,600 --> 00:06:09,000
Speaker 1: gonna waste our time. It's not gonna nearly mean nearly

138
00:06:09,040 --> 00:06:10,800
Speaker 1: as much to you if you've only been to like

139
00:06:10,920 --> 00:06:12,960
Speaker 1: the best places. Yeah. I don't know what that says

140
00:06:13,000 --> 00:06:14,720
Speaker 1: about me, but that's just sort of how I see things.

141
00:06:14,760 --> 00:06:16,240
Speaker 1: And so I don't know, we might end up going

142
00:06:16,240 --> 00:06:18,720
Speaker 1: to some of the crappier national parks before we get

143
00:06:18,760 --> 00:06:20,640
Speaker 1: to the really nice ones. That being said, there aren't

144
00:06:20,680 --> 00:06:23,159
Speaker 1: that many crappy national parks, man, They're they're all good.

145
00:06:23,279 --> 00:06:25,200
Speaker 1: Have you been Have you been to Alcatraz. I have

146
00:06:25,279 --> 00:06:27,400
Speaker 1: been to Alcatraz, really, yeah, I've never been there. It's

147
00:06:27,440 --> 00:06:29,040
Speaker 1: I think it's technically a national park though, you know.

148
00:06:29,080 --> 00:06:31,240
Speaker 1: And I didn't really want to go to Alcatraz when

149
00:06:31,240 --> 00:06:33,840
Speaker 1: I was in San France, but I'm so glad I did.

150
00:06:33,920 --> 00:06:37,200
Speaker 1: It was fascinating. Sean Connery is the rock. That's all

151
00:06:37,200 --> 00:06:39,799
Speaker 1: I could pick. Go truly the whole time with Sean Connery.

152
00:06:39,960 --> 00:06:41,960
Speaker 1: All right, Matt, onto the beer that we're drinking today,

153
00:06:42,040 --> 00:06:46,000
Speaker 1: Highland Brewing Cold Mountain Winter Warmer. Yeah, technically it says

154
00:06:46,160 --> 00:06:49,680
Speaker 1: legendary spiced Ale. This beer was actually donated to us

155
00:06:49,839 --> 00:06:52,920
Speaker 1: by our friends Clark and Nancy up in Asheville, North Carolina.

156
00:06:53,040 --> 00:06:55,200
Speaker 1: They were kind of enough to, yeah, hook us up

157
00:06:55,200 --> 00:06:57,760
Speaker 1: with one of these over Thanksgiving. Actually, we were up

158
00:06:57,800 --> 00:07:00,760
Speaker 1: there visiting, and you know, Clark was my first introduction

159
00:07:00,800 --> 00:07:03,480
Speaker 1: to sort of real estate. He was getting into real estate.

160
00:07:03,480 --> 00:07:05,640
Speaker 1: They moved into a triplex right when I had finished

161
00:07:05,640 --> 00:07:08,800
Speaker 1: graduating college, and so Clark hired me to do a

162
00:07:08,800 --> 00:07:11,520
Speaker 1: lot of work around his house and getting the place

163
00:07:11,520 --> 00:07:13,080
Speaker 1: fixed up. So I created them with my sort of

164
00:07:13,120 --> 00:07:16,240
Speaker 1: introduction to real estate and specifically house hacking. Oh man,

165
00:07:16,280 --> 00:07:18,000
Speaker 1: it's something else. Too. They do a camping trip over

166
00:07:18,000 --> 00:07:20,040
Speaker 1: the summer, and we need to talk about that because

167
00:07:20,160 --> 00:07:22,000
Speaker 1: they get a bunch of friends together and last year,

168
00:07:22,040 --> 00:07:24,880
Speaker 1: over the fourth of July they got the sweet campsite,

169
00:07:25,120 --> 00:07:28,240
Speaker 1: super cheap vacation. Kids are running around in the woods.

170
00:07:28,640 --> 00:07:29,920
Speaker 1: What do you think? Does that sound a little too

171
00:07:30,000 --> 00:07:33,720
Speaker 1: a little too wild and free? Well, you know how

172
00:07:33,760 --> 00:07:37,320
Speaker 1: I like my all inclusive vacations, Matt, right now, totally kidding, No,

173
00:07:37,480 --> 00:07:39,560
Speaker 1: camping sounds so much better than an all inclusive I'm

174
00:07:39,640 --> 00:07:41,960
Speaker 1: I'm totally I totally be down with a camping trip

175
00:07:42,000 --> 00:07:43,800
Speaker 1: with good friends. Yeah, I mean it. So let's dive

176
00:07:43,800 --> 00:07:45,560
Speaker 1: into this beer. What do you think? Yeah, I just

177
00:07:45,560 --> 00:07:47,600
Speaker 1: took a sip, Matt and cold Mountain Man. It's kind

178
00:07:47,600 --> 00:07:50,120
Speaker 1: of a tradition in Nashville. This beer gets released every

179
00:07:50,200 --> 00:07:52,120
Speaker 1: year and it's one of the quickest sellers. This period.

180
00:07:52,120 --> 00:07:54,840
Speaker 1: Doesn't last on store shelves very long because everyone looks

181
00:07:54,840 --> 00:07:57,120
Speaker 1: forward to it. And that's because it's so interesting and

182
00:07:57,160 --> 00:08:00,800
Speaker 1: it's so the word I'm gonna use distinct nice man.

183
00:08:01,160 --> 00:08:03,840
Speaker 1: My ward will be chewy, and we will share more

184
00:08:03,880 --> 00:08:05,880
Speaker 1: of our thoughts on this beer at the end of

185
00:08:05,880 --> 00:08:08,200
Speaker 1: this episode. All Right, Matt, but let's get onto the

186
00:08:08,240 --> 00:08:10,920
Speaker 1: topic at hand, and we're talking about creating a personal

187
00:08:10,960 --> 00:08:14,080
Speaker 1: mission statement. And this is the first episode of what

188
00:08:14,160 --> 00:08:16,800
Speaker 1: we hope to be a weekly episode featuring a different

189
00:08:16,800 --> 00:08:19,240
Speaker 1: money pro. And most of these people that we're going

190
00:08:19,280 --> 00:08:21,720
Speaker 1: to be featuring are either our friends or kind of

191
00:08:21,840 --> 00:08:23,840
Speaker 1: heroes in the money space, people that we look up

192
00:08:23,880 --> 00:08:27,800
Speaker 1: to and we appreciate their thoughtfulness about money. And Scott Rickens,

193
00:08:27,840 --> 00:08:29,400
Speaker 1: He's gonna be the first money pro that we have

194
00:08:29,480 --> 00:08:31,520
Speaker 1: on and in each of these episodes, we're gonna bring

195
00:08:31,560 --> 00:08:34,680
Speaker 1: them on for five minutes to talk about one subject

196
00:08:34,679 --> 00:08:36,920
Speaker 1: that they're super passionate about, and then you and I

197
00:08:36,920 --> 00:08:38,719
Speaker 1: will kind of break it down, right, we'll give our

198
00:08:38,760 --> 00:08:40,920
Speaker 1: thoughts on kind of what they brought to the table.

199
00:08:41,160 --> 00:08:43,000
Speaker 1: And so I'm really excited. I think this is gonna

200
00:08:43,000 --> 00:08:45,080
Speaker 1: be like just a really fun way to tackle really

201
00:08:45,120 --> 00:08:48,240
Speaker 1: interesting and diverse subjects that that other people are really

202
00:08:48,240 --> 00:08:52,079
Speaker 1: passionate about. And Scott so he is a film producer,

203
00:08:52,120 --> 00:08:55,800
Speaker 1: he's a director, filmmaker, and he's had Emmy nominated stuff.

204
00:08:56,120 --> 00:08:59,680
Speaker 1: He does commercial work with Wired with Taylor Guitars. He's

205
00:08:59,760 --> 00:09:02,320
Speaker 1: all been to that filmmaking stuff, right, which resonates with

206
00:09:02,360 --> 00:09:05,120
Speaker 1: me right as a photographer. But what we're specifically going

207
00:09:05,160 --> 00:09:07,760
Speaker 1: to talk about is his journey with Fire, which is

208
00:09:07,840 --> 00:09:11,280
Speaker 1: financial independence retire early. Yeah, and Scott stumbled onto this

209
00:09:11,360 --> 00:09:13,680
Speaker 1: movement not too long ago, just a few years ago,

210
00:09:14,000 --> 00:09:17,200
Speaker 1: and it completely changed his life. It up ended his

211
00:09:17,280 --> 00:09:19,680
Speaker 1: life and in a good way though, right, And so

212
00:09:19,800 --> 00:09:23,839
Speaker 1: ever since Scott discovered the idea of financial independence, it's

213
00:09:23,920 --> 00:09:26,360
Speaker 1: changed the way he looks at life really, and that

214
00:09:26,480 --> 00:09:30,480
Speaker 1: led him to creating a full length documentary called Playing

215
00:09:30,520 --> 00:09:34,040
Speaker 1: with Fire, as well as a book by the same name,

216
00:09:34,480 --> 00:09:36,920
Speaker 1: and he's about to come out with a podcast as well.

217
00:09:37,080 --> 00:09:39,040
Speaker 1: So Scott has been hard at work ever since kind

218
00:09:39,040 --> 00:09:42,320
Speaker 1: of figuring out that financial independence could change lives. And

219
00:09:42,720 --> 00:09:45,840
Speaker 1: what I love too about what Scott's doing is in

220
00:09:45,880 --> 00:09:49,160
Speaker 1: the movie and in the book, Scott's really just documenting

221
00:09:49,600 --> 00:09:53,160
Speaker 1: exactly how it has changed his family. So there's so

222
00:09:53,200 --> 00:09:58,080
Speaker 1: many people blogging, writing, talking about the tenants of financial independence,

223
00:09:58,080 --> 00:09:59,880
Speaker 1: and Matt right, we talked about some of those right

224
00:10:00,040 --> 00:10:01,839
Speaker 1: year on the show. We try at the same time

225
00:10:01,840 --> 00:10:04,679
Speaker 1: to talk about how it's affecting our lives. And Scott

226
00:10:04,720 --> 00:10:07,920
Speaker 1: his book that you and I both devoured very quickly,

227
00:10:08,280 --> 00:10:10,960
Speaker 1: is amazing because it reads more like a diary. You're

228
00:10:10,960 --> 00:10:13,720
Speaker 1: seeing the emotions, You're seeing the way that the idea

229
00:10:13,720 --> 00:10:16,760
Speaker 1: of financial independence affected his relationship with his wife, his

230
00:10:16,840 --> 00:10:19,360
Speaker 1: young daughter, his family as a whole, and the changes

231
00:10:19,440 --> 00:10:22,120
Speaker 1: that it led them to make, and then the financial

232
00:10:22,240 --> 00:10:25,720
Speaker 1: and lifestyle changes that they decided to make based on

233
00:10:25,760 --> 00:10:29,280
Speaker 1: discovering those tenants. So the book, it's called Playing with Fire.

234
00:10:29,440 --> 00:10:31,480
Speaker 1: It is out now, so you can I mean you

235
00:10:31,480 --> 00:10:33,200
Speaker 1: can buy that right now, which is awesome. It's kind

236
00:10:33,200 --> 00:10:35,240
Speaker 1: of cool that something that a friend of ours wrote

237
00:10:35,640 --> 00:10:38,680
Speaker 1: that you can buy and read. And the documentary that

238
00:10:38,679 --> 00:10:40,439
Speaker 1: you mentioned, it'll be out soon. I don't think there's

239
00:10:40,440 --> 00:10:43,280
Speaker 1: a specific date yet, but you can go to Playing

240
00:10:43,280 --> 00:10:46,000
Speaker 1: with Fire dot c o and you can learn all

241
00:10:46,000 --> 00:10:48,319
Speaker 1: about the documentary there, you can learn all about the book,

242
00:10:48,480 --> 00:10:50,040
Speaker 1: or you can just go straight to Amazon and buy it.

243
00:10:50,200 --> 00:10:51,800
Speaker 1: But yeah, I love what you said about it being

244
00:10:51,840 --> 00:10:54,840
Speaker 1: sort of a diary, right. It's about their personal journey,

245
00:10:55,120 --> 00:10:57,800
Speaker 1: their discovery of fire and financial independence. One of the

246
00:10:57,800 --> 00:10:59,520
Speaker 1: things he said in the book was that he's not

247
00:10:59,640 --> 00:11:02,360
Speaker 1: looking to set a standard or what fires should be,

248
00:11:02,800 --> 00:11:06,040
Speaker 1: but to basically do their part to get people talking

249
00:11:06,080 --> 00:11:09,120
Speaker 1: about money in our everyday lives. And that totally resonated

250
00:11:09,160 --> 00:11:12,120
Speaker 1: with me because obviously that's what we like to do, right, Like,

251
00:11:12,280 --> 00:11:14,880
Speaker 1: big reason that we have this podcast is because we

252
00:11:14,960 --> 00:11:17,280
Speaker 1: like talking about money. We wanted to be part of

253
00:11:17,280 --> 00:11:20,200
Speaker 1: our our daily conversation. It needs to be something that

254
00:11:20,320 --> 00:11:22,520
Speaker 1: is a common topic, not something that you only talk

255
00:11:22,600 --> 00:11:24,840
Speaker 1: about with HR when you're deciding how much you know

256
00:11:24,880 --> 00:11:27,080
Speaker 1: you're gonna set aside towards your four ohn k. It

257
00:11:27,080 --> 00:11:28,760
Speaker 1: needs to be something we talk about with our friends

258
00:11:28,760 --> 00:11:31,839
Speaker 1: and with our families. Yeah, Matt, And when reading his book,

259
00:11:32,120 --> 00:11:34,240
Speaker 1: one of my favorite things it stuck out to me

260
00:11:34,360 --> 00:11:37,600
Speaker 1: just instantly, it leapt off the page was Scott's passion

261
00:11:37,720 --> 00:11:41,000
Speaker 1: when he talked about creating a personal mission statement, and

262
00:11:41,360 --> 00:11:43,920
Speaker 1: that seemed to change his life in a major way,

263
00:11:44,080 --> 00:11:46,440
Speaker 1: actually putting pen to paper and coming up with a

264
00:11:46,440 --> 00:11:49,600
Speaker 1: personal mission statement of his own. And it's been kind

265
00:11:49,640 --> 00:11:51,920
Speaker 1: of a guiding light for him and for his family.

266
00:11:52,320 --> 00:11:54,320
Speaker 1: And and Matt, you and I, based on based on

267
00:11:54,360 --> 00:11:57,120
Speaker 1: Scot's advice, we've created our own personal mission statements that

268
00:11:57,120 --> 00:11:59,040
Speaker 1: will share later in the show too. Yeah, that's right.

269
00:11:59,200 --> 00:12:02,120
Speaker 1: I'm just excited for Scott to share his his wisdom

270
00:12:02,160 --> 00:12:05,120
Speaker 1: with with our listeners and with us. Yeah, too often

271
00:12:05,160 --> 00:12:07,720
Speaker 1: in life, right, it's like we're just sleepwalking. You know.

272
00:12:07,800 --> 00:12:10,280
Speaker 1: Life is sort of more whatever is happening to us,

273
00:12:10,400 --> 00:12:13,320
Speaker 1: versus proactively taking control and feeling like you have a

274
00:12:13,400 --> 00:12:16,360
Speaker 1: say in the direction of your future. And so Scott's

275
00:12:16,360 --> 00:12:19,320
Speaker 1: here to change that with his approach to creating uh

276
00:12:19,360 --> 00:12:21,960
Speaker 1: that personal mission statement? All right, Matt, So I'm excited

277
00:12:22,000 --> 00:12:24,640
Speaker 1: about this first Money Pro episode with Scott Rickens. We're

278
00:12:24,640 --> 00:12:26,160
Speaker 1: gonna get five minutes with him and then you and

279
00:12:26,200 --> 00:12:38,680
Speaker 1: I will unpack his wisdom right after this break. Okay,

280
00:12:38,800 --> 00:12:41,280
Speaker 1: it's time now to hear from Scott Rickens, and he's

281
00:12:41,280 --> 00:12:45,640
Speaker 1: gonna talk about creating a personal mission statement. Hi, gents,

282
00:12:45,840 --> 00:12:48,200
Speaker 1: Scott Rickens coming at you here from Bend, Oregon, and

283
00:12:48,240 --> 00:12:52,400
Speaker 1: I just cracked a crux fermentation project. Fresh Hop I

284
00:12:52,520 --> 00:12:56,240
Speaker 1: p A. Gets his name Fresh Hops because they pick

285
00:12:56,360 --> 00:13:00,200
Speaker 1: these hops the same day they brew them for maximum freshness.

286
00:13:00,880 --> 00:13:05,920
Speaker 1: It's delicious, all right. Being an entrepreneur, I've drafted many

287
00:13:05,960 --> 00:13:08,400
Speaker 1: mission statements for various companies that I've started or been

288
00:13:08,400 --> 00:13:11,520
Speaker 1: a part of over the years. They're useful to guide

289
00:13:11,520 --> 00:13:13,680
Speaker 1: you and to know where you're heading as a team

290
00:13:13,760 --> 00:13:17,200
Speaker 1: or as a business. But somehow I had never created

291
00:13:17,240 --> 00:13:19,959
Speaker 1: one for myself, so I'd love to share my thoughts

292
00:13:19,960 --> 00:13:23,360
Speaker 1: on the personal mission statement. I was first introduced this

293
00:13:23,440 --> 00:13:26,920
Speaker 1: concept through Get Rich Slowly as jd. Roth. His post

294
00:13:27,080 --> 00:13:30,880
Speaker 1: titled how to write a Personal Mission Statement breaks down

295
00:13:30,920 --> 00:13:34,120
Speaker 1: four steps you can use to get started here. They are,

296
00:13:34,960 --> 00:13:37,319
Speaker 1: what are my lifetime goals? How would I like to

297
00:13:37,360 --> 00:13:39,920
Speaker 1: spend the next five years, how would I live if

298
00:13:39,960 --> 00:13:42,000
Speaker 1: I knew I'd be dead in six months? And my

299
00:13:42,040 --> 00:13:45,440
Speaker 1: most important goals? And we'll review this list in a minute,

300
00:13:45,440 --> 00:13:48,440
Speaker 1: but right now, let's talk about why you would do this.

301
00:13:49,600 --> 00:13:53,040
Speaker 1: It helps defind what you're trying to accomplish and why

302
00:13:53,080 --> 00:13:56,120
Speaker 1: you've chosen this pursuit. And I feel this is incredibly

303
00:13:56,120 --> 00:13:59,280
Speaker 1: helpful if you're on a path to financial freedom, fire,

304
00:13:59,640 --> 00:14:02,840
Speaker 1: or really any path you find yourself on. It gives

305
00:14:02,840 --> 00:14:05,640
Speaker 1: you tools to use in the beginning, middle, and end

306
00:14:05,760 --> 00:14:10,240
Speaker 1: of whatever journey you're embarking on. Knowing your what will

307
00:14:10,280 --> 00:14:13,480
Speaker 1: help see the strengths you possess and by default, the

308
00:14:13,559 --> 00:14:17,720
Speaker 1: weaknesses you'll need to account for. Knowing where your weaknesses

309
00:14:17,760 --> 00:14:22,880
Speaker 1: lie is a strength. Knowing your why helps define where

310
00:14:22,920 --> 00:14:25,600
Speaker 1: you're heading and how to make decisions to stay on course.

311
00:14:26,240 --> 00:14:30,360
Speaker 1: Think of it as a filter for choices, and this

312
00:14:30,480 --> 00:14:33,680
Speaker 1: framework will help you define your goals more clearly. And

313
00:14:33,720 --> 00:14:36,960
Speaker 1: when you're focused and you know your goals, it's easier

314
00:14:36,960 --> 00:14:40,800
Speaker 1: to start, stay on track, and be prepared when an

315
00:14:40,800 --> 00:14:45,480
Speaker 1: opportunity arises. So when I sat down to do the exercise,

316
00:14:45,920 --> 00:14:48,360
Speaker 1: I used a few of j D's suggestions and added

317
00:14:48,360 --> 00:14:51,360
Speaker 1: a few of my own. Here's my recommended approach to

318
00:14:51,400 --> 00:14:55,800
Speaker 1: reaching your personal mission statement. First, what are my top

319
00:14:55,840 --> 00:14:59,800
Speaker 1: five most favorite things to do? Two? What are my

320
00:15:00,440 --> 00:15:03,800
Speaker 1: top traits or qualities that are repeatedly noticed by my

321
00:15:03,880 --> 00:15:07,760
Speaker 1: close circles? Three? How would I like to spend the

322
00:15:07,840 --> 00:15:12,360
Speaker 1: next five years? Four? How would I live if I

323
00:15:12,440 --> 00:15:15,800
Speaker 1: knew I'd be dead in six months? And finally, what

324
00:15:15,880 --> 00:15:18,360
Speaker 1: are my most important goals to achieve in my lifetime?

325
00:15:19,320 --> 00:15:21,280
Speaker 1: And I found it helpful to pull from the answers

326
00:15:21,320 --> 00:15:25,280
Speaker 1: I had generated to formulate the following equation. So it

327
00:15:25,360 --> 00:15:29,920
Speaker 1: starts out with what's your superpower plus who you're creating

328
00:15:29,960 --> 00:15:35,280
Speaker 1: it for plus what's your desired outcome? And that will

329
00:15:35,360 --> 00:15:39,760
Speaker 1: culminate an equal your first draft of your personal mission statement.

330
00:15:40,680 --> 00:15:42,520
Speaker 1: So I thought i'd give you an example of my

331
00:15:42,600 --> 00:15:45,400
Speaker 1: personal mission statement to help you if you end up

332
00:15:45,440 --> 00:15:49,720
Speaker 1: doing this exercise, and I quote, I want to be

333
00:15:49,760 --> 00:15:51,800
Speaker 1: present for those who love me and rely on me.

334
00:15:52,240 --> 00:15:55,000
Speaker 1: I want to live a rich, happy and fulfilled life

335
00:15:55,600 --> 00:15:59,360
Speaker 1: and empower others to do the same. Now j D

336
00:15:59,440 --> 00:16:02,000
Speaker 1: adds a disc alimor in that blog, and I quote,

337
00:16:02,520 --> 00:16:07,400
Speaker 1: your mission statement isn't permanent. As your priorities and tastes change,

338
00:16:07,600 --> 00:16:10,880
Speaker 1: and as new opportunities present themselves, your mission will adopt

339
00:16:10,880 --> 00:16:14,840
Speaker 1: and grow end quote. I plan to revisit this mission

340
00:16:14,840 --> 00:16:17,520
Speaker 1: statement once a year. Taylor and I have a journal

341
00:16:17,560 --> 00:16:20,080
Speaker 1: we write in every year during our anniversary where we

342
00:16:20,080 --> 00:16:23,200
Speaker 1: answer a series of questions about the previous year. We

343
00:16:23,320 --> 00:16:25,760
Speaker 1: hope our daughter will find value in our answers to

344
00:16:25,800 --> 00:16:28,840
Speaker 1: help guide her through the later years. I plan to

345
00:16:28,840 --> 00:16:33,560
Speaker 1: add this personal mission statement exercise to that tradition. Once

346
00:16:33,600 --> 00:16:36,000
Speaker 1: you get comfortable with your mission statement, it's also helpful

347
00:16:36,000 --> 00:16:40,320
Speaker 1: to run a SWAT or Strengths, Weaknesses, Opportunities and Threats analysis.

348
00:16:41,760 --> 00:16:44,760
Speaker 1: What are your greatest strengths, What are your largest weaknesses?

349
00:16:45,600 --> 00:16:49,360
Speaker 1: What opportunities are available to you or are you not

350
00:16:49,440 --> 00:16:53,640
Speaker 1: taking advantage of but should be? What threats currently exist

351
00:16:54,040 --> 00:16:57,000
Speaker 1: to prevent you from reaching your goal? This type of

352
00:16:57,000 --> 00:17:00,000
Speaker 1: clarity will immediately put you in a far better position

353
00:17:00,080 --> 00:17:04,159
Speaker 1: and to set your trajectory in an intentional direction, and

354
00:17:04,160 --> 00:17:08,439
Speaker 1: in my experience, the positive effects are immediate. So I

355
00:17:08,520 --> 00:17:11,239
Speaker 1: highly recommend rocking this exercise to get clear about your

356
00:17:11,280 --> 00:17:15,480
Speaker 1: direction and your future. This will help you be more

357
00:17:15,480 --> 00:17:18,679
Speaker 1: efficient with your time and provides focus on what you

358
00:17:18,720 --> 00:17:22,159
Speaker 1: want and how to get there. All right, thanks for

359
00:17:22,240 --> 00:17:24,560
Speaker 1: letting me ramble. You guys are doing a killer job.

360
00:17:25,119 --> 00:17:27,280
Speaker 1: Keep up the good work, all right, Matt. First thing

361
00:17:27,280 --> 00:17:28,879
Speaker 1: we have to note is way to go Scott for

362
00:17:28,920 --> 00:17:31,520
Speaker 1: knowing your audience, because drinking a beer on this show

363
00:17:31,680 --> 00:17:33,520
Speaker 1: gets you mad. Points. Yeah, that's how we do it.

364
00:17:33,560 --> 00:17:35,600
Speaker 1: And I think he wanted to uh kind of join

365
00:17:35,720 --> 00:17:38,760
Speaker 1: us in spirit. So he fits in nicely here, doesn't he.

366
00:17:38,960 --> 00:17:41,640
Speaker 1: All right, let's get into the nitty gritty. I love

367
00:17:41,840 --> 00:17:45,880
Speaker 1: what Scott said about approaching life like you approach a business,

368
00:17:45,920 --> 00:17:49,119
Speaker 1: because typically businesses, they set out to be successful, and

369
00:17:49,160 --> 00:17:52,040
Speaker 1: anybody who wants to start a successful business comes up

370
00:17:52,080 --> 00:17:54,960
Speaker 1: with a business plan a way of doing things, and

371
00:17:55,000 --> 00:17:57,560
Speaker 1: they're taken seriously because of that. But it's just not

372
00:17:57,640 --> 00:17:59,600
Speaker 1: too often that we do that with our own lives.

373
00:18:00,040 --> 00:18:02,760
Speaker 1: Sometimes we drift. We move away from the things that

374
00:18:02,760 --> 00:18:05,840
Speaker 1: are meaningful to us. We don't apply ourselves towards things

375
00:18:05,880 --> 00:18:08,640
Speaker 1: that actually bring meaning in our lives. And it's not

376
00:18:08,720 --> 00:18:11,120
Speaker 1: because we don't want to. It's not for a lack

377
00:18:11,160 --> 00:18:14,200
Speaker 1: of desire, but it is for a lack of intentionality,

378
00:18:14,240 --> 00:18:16,399
Speaker 1: I think, And I think Scott made that point really nicely.

379
00:18:16,840 --> 00:18:19,359
Speaker 1: I couldn't agree more that aspect about being intentional with

380
00:18:19,400 --> 00:18:23,160
Speaker 1: your life. Me naturally, I tend not to be intentional,

381
00:18:23,200 --> 00:18:25,199
Speaker 1: and so to hear that, like, I know that this

382
00:18:25,240 --> 00:18:27,040
Speaker 1: is something I need to hear. I know that I

383
00:18:27,080 --> 00:18:29,359
Speaker 1: need to be more intentional with my life because a

384
00:18:29,440 --> 00:18:31,480
Speaker 1: lot of times I do sort of float through life.

385
00:18:31,560 --> 00:18:34,119
Speaker 1: I tend to just accept whatever sort of comes next.

386
00:18:34,400 --> 00:18:36,480
Speaker 1: I think it's just my personality. But sometimes I wonder

387
00:18:36,560 --> 00:18:39,160
Speaker 1: too if it has to do with our schooling, like education,

388
00:18:39,560 --> 00:18:42,679
Speaker 1: because like for years, right, like we go through life

389
00:18:43,119 --> 00:18:46,280
Speaker 1: not having to make the next step intentionally. You just

390
00:18:46,440 --> 00:18:48,160
Speaker 1: get to go to the next grade. And the same

391
00:18:48,200 --> 00:18:51,000
Speaker 1: thing even with college. Sometimes like you graduated high school

392
00:18:51,040 --> 00:18:53,160
Speaker 1: and what's the next step. It's like, oh, by default,

393
00:18:53,240 --> 00:18:55,720
Speaker 1: you're gonna go to undergrad and so for you know,

394
00:18:55,760 --> 00:18:57,959
Speaker 1: over twenty years of our life. We're trained and not

395
00:18:58,040 --> 00:19:00,200
Speaker 1: really think about the next steps. That's how I feel,

396
00:19:00,200 --> 00:19:01,800
Speaker 1: at least. The first thing I thought of when you

397
00:19:01,840 --> 00:19:04,320
Speaker 1: said that is kind of the way we watch videos now,

398
00:19:04,320 --> 00:19:07,000
Speaker 1: whether it's YouTube or Netflix. There's auto play, so the

399
00:19:07,000 --> 00:19:10,040
Speaker 1: next video just happens, and you know what, most of

400
00:19:10,080 --> 00:19:12,840
Speaker 1: us don't do anything to stop, and and so you

401
00:19:12,880 --> 00:19:16,320
Speaker 1: go from episode two, episode three, episode four, and by

402
00:19:16,359 --> 00:19:18,560
Speaker 1: the time you're done with it, you realize you just

403
00:19:18,560 --> 00:19:20,520
Speaker 1: spent two and a half hours, and then it's time

404
00:19:20,560 --> 00:19:23,000
Speaker 1: for bad. And I feel like that's the way so

405
00:19:23,040 --> 00:19:25,680
Speaker 1: many of us go through life. We can all probably

406
00:19:25,720 --> 00:19:27,840
Speaker 1: relate to having done that with Netflix at one point,

407
00:19:27,920 --> 00:19:29,760
Speaker 1: or YouTube or whatever and just getting lost in a

408
00:19:29,800 --> 00:19:34,560
Speaker 1: slew of cat videos or breaking bad. And for me,

409
00:19:34,600 --> 00:19:36,320
Speaker 1: it's more breaking bad. But it's gonna be one or

410
00:19:36,359 --> 00:19:38,359
Speaker 1: the other. You know, you can't fallow anywhere else on

411
00:19:38,359 --> 00:19:40,359
Speaker 1: the spectrum and just one or the other. There is

412
00:19:40,359 --> 00:19:42,600
Speaker 1: no way between. But we can all identify that that

413
00:19:42,680 --> 00:19:45,440
Speaker 1: and that is truly how we live life. Sometimes that

414
00:19:45,600 --> 00:19:47,679
Speaker 1: the next thing hits us and we don't know how

415
00:19:47,720 --> 00:19:49,320
Speaker 1: to respond. We don't know what to say no to,

416
00:19:49,440 --> 00:19:51,240
Speaker 1: and we don't know what to say yes to. There's

417
00:19:51,240 --> 00:19:53,840
Speaker 1: just not much intentionality because we don't have a clear

418
00:19:53,840 --> 00:19:56,800
Speaker 1: mission statement about what we want to accomplish. And Matt,

419
00:19:56,880 --> 00:19:58,560
Speaker 1: for I don't know about for you, but but for me,

420
00:19:58,800 --> 00:20:00,520
Speaker 1: just hearing how much this meant is got and then

421
00:20:00,560 --> 00:20:03,000
Speaker 1: setting aside some time to do it myself it meant

422
00:20:03,000 --> 00:20:05,320
Speaker 1: a lot. Thinking about what really matters to me, what

423
00:20:05,320 --> 00:20:07,000
Speaker 1: do I want my life to look like? And creating

424
00:20:07,040 --> 00:20:10,560
Speaker 1: that mission statement for myself was just a meaningful experience. Yeah,

425
00:20:10,640 --> 00:20:12,560
Speaker 1: And so one of the reasons I think is because

426
00:20:12,560 --> 00:20:16,080
Speaker 1: creating a personal mission statement answers the why, and you

427
00:20:16,119 --> 00:20:17,960
Speaker 1: have to have that in order to stay on track

428
00:20:18,000 --> 00:20:20,840
Speaker 1: and be prepared. So there's so much power, right and

429
00:20:20,840 --> 00:20:23,520
Speaker 1: writing things down. When you write things down to become

430
00:20:23,520 --> 00:20:26,640
Speaker 1: more concrete, like you can physically see them. And so

431
00:20:26,960 --> 00:20:29,639
Speaker 1: having a mission statement does all those things. That provides

432
00:20:29,800 --> 00:20:33,000
Speaker 1: clarity and it just kind of gives you more direction. Yeah,

433
00:20:33,080 --> 00:20:36,080
Speaker 1: Knowing dear why kind of helps to inform your what.

434
00:20:36,600 --> 00:20:38,399
Speaker 1: And then when you know what you're going to do,

435
00:20:38,960 --> 00:20:41,080
Speaker 1: you've just kind of created a filter that, like I

436
00:20:41,119 --> 00:20:43,240
Speaker 1: was talking about just a second ago, helps you decide

437
00:20:43,240 --> 00:20:45,840
Speaker 1: whether or not to say yes or no. Two things

438
00:20:45,840 --> 00:20:47,240
Speaker 1: that pop up in your life. And I don't know

439
00:20:47,240 --> 00:20:49,240
Speaker 1: about you, Matt, but I tend to be a people pleaser.

440
00:20:49,480 --> 00:20:51,919
Speaker 1: I tend to say yes to more things than I should.

441
00:20:52,240 --> 00:20:54,320
Speaker 1: And whether that's grabbing drinks with a friend and not

442
00:20:54,359 --> 00:20:56,000
Speaker 1: getting something done that I know I need to do,

443
00:20:56,160 --> 00:20:58,600
Speaker 1: or spending time with somebody else that I know needs me,

444
00:20:59,000 --> 00:21:01,000
Speaker 1: it's just easy for me to say yes and become

445
00:21:01,080 --> 00:21:03,760
Speaker 1: less focused. And a personal mission statement can actually, I

446
00:21:03,760 --> 00:21:05,840
Speaker 1: feel like, help help us to say yes to the

447
00:21:05,920 --> 00:21:08,400
Speaker 1: right things, no to the wrong things, and just live

448
00:21:08,440 --> 00:21:11,239
Speaker 1: a more focused and intentional life altogether. Yeah, I love

449
00:21:11,280 --> 00:21:13,000
Speaker 1: what you said. There is is to say yes to

450
00:21:13,040 --> 00:21:15,000
Speaker 1: the right things. Right. It's not that you're gonna say

451
00:21:15,119 --> 00:21:17,639
Speaker 1: yes less often, but you're just gonna make sure that

452
00:21:17,680 --> 00:21:19,800
Speaker 1: you're saying yes to the things that actually matter. When

453
00:21:19,840 --> 00:21:22,240
Speaker 1: you sit down at the end of the day, you think, Okay,

454
00:21:22,359 --> 00:21:24,200
Speaker 1: should I have actually done that? Was that a waste

455
00:21:24,200 --> 00:21:26,159
Speaker 1: of time? Well, you know, may not have been a

456
00:21:26,160 --> 00:21:28,160
Speaker 1: waste of time, but there may have been other things

457
00:21:28,240 --> 00:21:30,399
Speaker 1: that you know you value more when you give it

458
00:21:30,480 --> 00:21:32,320
Speaker 1: some thought. Like I know there's things that I do

459
00:21:32,440 --> 00:21:36,080
Speaker 1: often where it's not necessarily a bad thing, but there

460
00:21:36,080 --> 00:21:37,879
Speaker 1: are better things, and there are things that I know

461
00:21:37,920 --> 00:21:40,600
Speaker 1: that I should spend my time on instead. But like

462
00:21:40,640 --> 00:21:43,240
Speaker 1: you said, it's easy to get distracted right a stage

463
00:21:43,240 --> 00:21:45,359
Speaker 1: in our life where there's just lots of things pulling

464
00:21:45,400 --> 00:21:47,760
Speaker 1: on us. We have lots of sort of distractions and

465
00:21:48,119 --> 00:21:50,800
Speaker 1: additional responsibilities and things that we could take part in

466
00:21:51,080 --> 00:21:54,520
Speaker 1: that again aren't necessarily bad. But what are we gonna

467
00:21:54,560 --> 00:21:56,040
Speaker 1: say yes to? What are we gonna say no to?

468
00:21:56,440 --> 00:21:59,280
Speaker 1: It sort of automates that decision making process. It's like

469
00:21:59,280 --> 00:22:02,560
Speaker 1: you're creating a miss gene that you have these things

470
00:22:02,600 --> 00:22:04,879
Speaker 1: that happened in life, and you can kind of enter

471
00:22:04,960 --> 00:22:06,800
Speaker 1: into the machine and kind of crank it, and then

472
00:22:06,840 --> 00:22:09,119
Speaker 1: the machine tells you yes or no, wait, like a

473
00:22:09,160 --> 00:22:12,800
Speaker 1: magic eight ball, exactly like a magic feel good. Okay,

474
00:22:12,920 --> 00:22:15,520
Speaker 1: that's actually what my mission statement is based on the

475
00:22:15,560 --> 00:22:18,000
Speaker 1: magic eight ball statements. Good minds of weaves you board

476
00:22:19,080 --> 00:22:22,040
Speaker 1: even better. But this is a machine that you've created, right,

477
00:22:22,080 --> 00:22:23,719
Speaker 1: and that I mean, that's what we're referring to, referring

478
00:22:23,760 --> 00:22:26,920
Speaker 1: to the personal mission statement. And so I love that

479
00:22:26,960 --> 00:22:29,280
Speaker 1: it helps us to create a process and a mechanism

480
00:22:29,400 --> 00:22:31,919
Speaker 1: for decision making to make sure that we stay focused

481
00:22:31,960 --> 00:22:34,359
Speaker 1: on the things that we actually care about. All right, Matt,

482
00:22:34,359 --> 00:22:36,399
Speaker 1: So right off of the break, let's get to exactly

483
00:22:36,440 --> 00:22:39,000
Speaker 1: how to formulate your personal mission statement and guess what

484
00:22:39,080 --> 00:22:49,520
Speaker 1: we're going to share ours as well. All right, Joel,

485
00:22:49,560 --> 00:22:52,600
Speaker 1: Let's go ahead now and run through Scott's five questions.

486
00:22:53,080 --> 00:22:54,840
Speaker 1: And these are there to guide us along in order

487
00:22:54,840 --> 00:22:57,720
Speaker 1: to help us to get started thinking about our own

488
00:22:57,960 --> 00:23:01,040
Speaker 1: personal mission statements. And so let you answer the questions.

489
00:23:01,040 --> 00:23:03,200
Speaker 1: This doesn't, you know, automatically mean that you have a

490
00:23:03,359 --> 00:23:07,520
Speaker 1: mission statement, but hopefully you'll identify a common thread and

491
00:23:07,520 --> 00:23:11,280
Speaker 1: this helps us to prioritize and to sort of actively

492
00:23:11,280 --> 00:23:14,080
Speaker 1: identify what it is that we care about the most,

493
00:23:14,520 --> 00:23:16,480
Speaker 1: sort of distills down to like a few things that

494
00:23:16,520 --> 00:23:18,960
Speaker 1: we know that our priorities for us, And some of

495
00:23:18,960 --> 00:23:22,280
Speaker 1: these questions that we're asking ourselves in this process are

496
00:23:22,680 --> 00:23:26,280
Speaker 1: existential questions. There are questions that cause us to do

497
00:23:26,320 --> 00:23:28,560
Speaker 1: a lot of soul searching. And this could take you hours.

498
00:23:28,600 --> 00:23:30,240
Speaker 1: This could take you a long time to think through

499
00:23:30,240 --> 00:23:32,200
Speaker 1: some of these questions and to really do some soul

500
00:23:32,240 --> 00:23:35,000
Speaker 1: searching to figure out what your priorities are, what you

501
00:23:35,080 --> 00:23:37,919
Speaker 1: derive meaning from in life. These are difficult things to

502
00:23:37,960 --> 00:23:39,919
Speaker 1: wrestle with. So I just want to prepare people for

503
00:23:39,960 --> 00:23:43,119
Speaker 1: that ahead of time. And the first question is the

504
00:23:43,400 --> 00:23:45,399
Speaker 1: one of the simpler ones actually, but it is what

505
00:23:45,480 --> 00:23:48,399
Speaker 1: are my top five favorite things to do? And I

506
00:23:48,440 --> 00:23:50,040
Speaker 1: love that. In the book that Scott wrote, he talked

507
00:23:50,040 --> 00:23:53,800
Speaker 1: about how this exercise doing that with his wife actually

508
00:23:53,800 --> 00:23:56,240
Speaker 1: helped get get them on board with the idea of

509
00:23:56,240 --> 00:23:59,520
Speaker 1: pursuing financial independence much more quickly. It turned out when

510
00:23:59,720 --> 00:24:02,199
Speaker 1: his I did this exercise, none of the things that

511
00:24:02,280 --> 00:24:05,280
Speaker 1: she wrote down had anything to do with with having

512
00:24:05,280 --> 00:24:07,639
Speaker 1: a lot of money, and the same thing was true

513
00:24:07,640 --> 00:24:10,199
Speaker 1: for him, and I think because of this exercise, they

514
00:24:10,200 --> 00:24:12,240
Speaker 1: were both able to say, let's look at the things

515
00:24:12,280 --> 00:24:15,000
Speaker 1: that are meaningful to us, and because of our pursuit

516
00:24:15,640 --> 00:24:19,600
Speaker 1: of a consumeristic lifestyle, we're actually missing out on opportunities

517
00:24:19,600 --> 00:24:22,000
Speaker 1: to partake in these things that we say that we love.

518
00:24:22,320 --> 00:24:25,359
Speaker 1: And that was an inspirational moment for them and it

519
00:24:25,400 --> 00:24:27,320
Speaker 1: was kind of a moment that spurred them on. I

520
00:24:27,359 --> 00:24:32,680
Speaker 1: feel like that conversation, that exercise of writing down their

521
00:24:32,760 --> 00:24:35,080
Speaker 1: five favorite things to do, and I feel like that

522
00:24:35,200 --> 00:24:37,960
Speaker 1: is helpful for any of us because I know that

523
00:24:38,040 --> 00:24:40,320
Speaker 1: when I did this, my favorite things to do are

524
00:24:40,480 --> 00:24:44,360
Speaker 1: also free or cheap, don't cost a lot of money, right, Joe,

525
00:24:44,400 --> 00:24:46,760
Speaker 1: would you put down as uh some of your favorite things?

526
00:24:47,320 --> 00:24:51,080
Speaker 1: Did you put a drinking beer? Well, that definitely made

527
00:24:51,080 --> 00:24:52,440
Speaker 1: the list. I feel like I had to stick that

528
00:24:52,520 --> 00:24:54,680
Speaker 1: on there, just sort of like a token thing. I'm like, well,

529
00:24:54,760 --> 00:24:57,879
Speaker 1: I do like doing that, certainly, but yeah, but I

530
00:24:57,880 --> 00:25:01,440
Speaker 1: think even that usually that's around owned friendship, it's around

531
00:25:01,560 --> 00:25:04,680
Speaker 1: people that I care about, and so yeah, for me, honestly,

532
00:25:04,800 --> 00:25:07,040
Speaker 1: so much of it comes down to relationships. I think

533
00:25:07,040 --> 00:25:09,480
Speaker 1: that's what most of us will likely find doing this exercise,

534
00:25:09,600 --> 00:25:12,200
Speaker 1: that that so much of what we value comes down

535
00:25:12,240 --> 00:25:16,240
Speaker 1: to relationships, and actually our consumeristic tendencies cause us to

536
00:25:16,640 --> 00:25:20,399
Speaker 1: work more to earn more money to perpetuate the cycle.

537
00:25:20,600 --> 00:25:22,480
Speaker 1: And if we could pump the brakes on all of that,

538
00:25:22,760 --> 00:25:25,040
Speaker 1: we would realize that we might actually be able to

539
00:25:25,040 --> 00:25:28,080
Speaker 1: make some different choices and prioritize the things that we

540
00:25:28,400 --> 00:25:31,280
Speaker 1: actually say matter when we do an exercise like this.

541
00:25:31,680 --> 00:25:34,919
Speaker 1: And the next question that Scott mentioned was to ask yourself,

542
00:25:34,960 --> 00:25:38,159
Speaker 1: what are my top traits the best qualities that are

543
00:25:38,160 --> 00:25:40,159
Speaker 1: noticed by my close friends, and those are my circle,

544
00:25:40,520 --> 00:25:44,720
Speaker 1: which is an awesome question to ask yourself because oftentimes

545
00:25:44,760 --> 00:25:47,159
Speaker 1: we can be blind to the different qualities and the

546
00:25:47,160 --> 00:25:49,480
Speaker 1: talents that we possess. Personally, I have a hard time

547
00:25:49,520 --> 00:25:52,240
Speaker 1: assessing myself because maybe I don't know who I am,

548
00:25:52,680 --> 00:25:55,720
Speaker 1: And sometimes personality quizzes and things like that, when you're

549
00:25:55,800 --> 00:25:58,000
Speaker 1: answering for yourself, it could be kind of tricky, It

550
00:25:58,000 --> 00:26:00,639
Speaker 1: can be difficult. Yeah, I have the same problem. I

551
00:26:00,720 --> 00:26:03,200
Speaker 1: have to ask Emily when I'm taking a quiz like that,

552
00:26:03,400 --> 00:26:06,240
Speaker 1: because it is I feel like so much easier to

553
00:26:06,280 --> 00:26:08,440
Speaker 1: see other people that you're close to, and so much

554
00:26:08,480 --> 00:26:11,720
Speaker 1: harder to recognize your own gifts or abilities. And so

555
00:26:11,880 --> 00:26:14,720
Speaker 1: when someone else can call something out in you that

556
00:26:14,920 --> 00:26:17,600
Speaker 1: is there that you might be a little bit self

557
00:26:17,600 --> 00:26:20,719
Speaker 1: conscious of or even ashamed of, I feel like sometimes

558
00:26:20,720 --> 00:26:23,320
Speaker 1: we grow up with things and something that is actually

559
00:26:23,320 --> 00:26:25,880
Speaker 1: an asset or a gift. Maybe at some point we

560
00:26:25,880 --> 00:26:28,399
Speaker 1: were growing up, we were shamed by someone because of it,

561
00:26:28,480 --> 00:26:31,280
Speaker 1: and it's something that we don't recognize in ourselves as

562
00:26:31,320 --> 00:26:33,480
Speaker 1: being a gift. And so when someone else can call

563
00:26:33,520 --> 00:26:35,960
Speaker 1: that out and say that is good about you, it's

564
00:26:36,040 --> 00:26:38,560
Speaker 1: meaningful and it draws us out of ourselves. And so

565
00:26:38,760 --> 00:26:41,959
Speaker 1: I think doing this exercise and involving other people, asking

566
00:26:42,000 --> 00:26:44,919
Speaker 1: a close friend, someone you trust and saying, hey, what

567
00:26:45,119 --> 00:26:46,919
Speaker 1: is it? What are my best attributes? What are my

568
00:26:46,960 --> 00:26:48,840
Speaker 1: best qualities? And how how do you think I can

569
00:26:48,880 --> 00:26:51,439
Speaker 1: best use those? Those are great questions to ask from

570
00:26:51,480 --> 00:26:53,680
Speaker 1: people that you care about. Man, And again, I want

571
00:26:53,680 --> 00:26:55,520
Speaker 1: to mention to the I mean, the whole reason right

572
00:26:55,520 --> 00:26:58,920
Speaker 1: that we're asking these questions is to help give ourselves guidance.

573
00:26:59,240 --> 00:27:00,879
Speaker 1: It's not like by answering every single one of these

574
00:27:00,920 --> 00:27:02,600
Speaker 1: questions that you can then just sort of line all

575
00:27:02,640 --> 00:27:04,359
Speaker 1: these words up and all of a sudden boom, that's

576
00:27:04,359 --> 00:27:07,879
Speaker 1: your mission statement. The idea is to think through what

577
00:27:07,960 --> 00:27:10,200
Speaker 1: your priorities are. And when you know what your priorities are,

578
00:27:10,400 --> 00:27:12,960
Speaker 1: that helps to direct you and how you spend your money,

579
00:27:13,240 --> 00:27:15,280
Speaker 1: how you save and like what are you saving for?

580
00:27:15,800 --> 00:27:18,960
Speaker 1: Like these are all the things that inform the why.

581
00:27:19,080 --> 00:27:21,439
Speaker 1: That's what a personal mission statement is. But sort of

582
00:27:21,480 --> 00:27:24,000
Speaker 1: at a higher level in this episode, we're not only

583
00:27:24,040 --> 00:27:25,960
Speaker 1: talking about money. We're kind of stepping back a little

584
00:27:25,960 --> 00:27:28,440
Speaker 1: bit and talking about like an individual as a whole.

585
00:27:28,640 --> 00:27:30,159
Speaker 1: But do you know, keep these things in mind when

586
00:27:30,200 --> 00:27:33,160
Speaker 1: it comes to personal finances and your money, the things

587
00:27:33,200 --> 00:27:35,120
Speaker 1: that you're pursuing and that will help you to make

588
00:27:35,119 --> 00:27:38,320
Speaker 1: decisions when it comes to what you're spending your money on. Yeah, man,

589
00:27:38,400 --> 00:27:40,879
Speaker 1: I feel like these these next questions kind of are

590
00:27:40,880 --> 00:27:42,760
Speaker 1: a little more rubber meets the road, like the last

591
00:27:42,800 --> 00:27:45,280
Speaker 1: couple were a little more touchy feely, which I think

592
00:27:45,359 --> 00:27:47,480
Speaker 1: is important to do as well. But the next question

593
00:27:47,520 --> 00:27:49,240
Speaker 1: is how do I want to spend the next five

594
00:27:49,320 --> 00:27:51,720
Speaker 1: years of my life? And that's an important question too,

595
00:27:51,760 --> 00:27:54,000
Speaker 1: because you know, we talked about investing for the long

596
00:27:54,119 --> 00:27:56,520
Speaker 1: term and that's great, but looking at what you can

597
00:27:56,520 --> 00:27:58,639
Speaker 1: accomplish in the next five years can change how you

598
00:27:58,680 --> 00:28:02,119
Speaker 1: allocate your money now and also leads you to prioritize

599
00:28:02,200 --> 00:28:05,879
Speaker 1: investing potentially in yourself as opposed to investing in the

600
00:28:05,880 --> 00:28:08,879
Speaker 1: stock market. That's something we talk about from time to time.

601
00:28:09,080 --> 00:28:13,000
Speaker 1: There's so much emphasis black and white in investing ten

602
00:28:13,080 --> 00:28:15,479
Speaker 1: percent of what you make in the stock market. And

603
00:28:15,520 --> 00:28:17,960
Speaker 1: you and I were all about investing for the long term,

604
00:28:18,160 --> 00:28:19,800
Speaker 1: but there are times too where you want to back

605
00:28:19,840 --> 00:28:21,680
Speaker 1: that off. If over the next five years you want

606
00:28:21,720 --> 00:28:24,439
Speaker 1: to see a small business of your own flourish and

607
00:28:24,440 --> 00:28:26,960
Speaker 1: take off, that might mean saving more right now and

608
00:28:27,000 --> 00:28:31,160
Speaker 1: investing less, and that's okay, But doing this exercise kind

609
00:28:31,160 --> 00:28:33,560
Speaker 1: of helps you formulate a game plan of what you

610
00:28:33,600 --> 00:28:35,800
Speaker 1: want your next five years still, like that's gonna make

611
00:28:35,880 --> 00:28:38,240
Speaker 1: changes not only to how you act but also where

612
00:28:38,280 --> 00:28:40,480
Speaker 1: you put your cash. Yeah, man, for me personally, like

613
00:28:40,560 --> 00:28:42,800
Speaker 1: on this question, like a lot of the common themes

614
00:28:42,840 --> 00:28:45,120
Speaker 1: and sort of terms that rose to the top involved

615
00:28:45,200 --> 00:28:47,880
Speaker 1: my family, you know, my kids, my wife, but also

616
00:28:47,880 --> 00:28:49,840
Speaker 1: there's a lot of words that sort of evolved around,

617
00:28:50,160 --> 00:28:53,680
Speaker 1: like autonomy and flexibility. And it kind of became really

618
00:28:53,680 --> 00:28:55,520
Speaker 1: clear to me that, man, these are things that that

619
00:28:55,560 --> 00:28:58,000
Speaker 1: I value as a business owner. There are things that

620
00:28:58,080 --> 00:29:00,600
Speaker 1: I kind of currently have in some ways. There are

621
00:29:00,600 --> 00:29:02,800
Speaker 1: things I don't have in other ways. Right, Like there's

622
00:29:02,840 --> 00:29:05,479
Speaker 1: certain days that I have to be at certain places

623
00:29:05,480 --> 00:29:07,760
Speaker 1: and it's incredibly strict, But in a lot of ways,

624
00:29:07,800 --> 00:29:09,520
Speaker 1: I have a lot of flexibility. I have a lot

625
00:29:09,520 --> 00:29:13,000
Speaker 1: of autonomy, and that's something that I see rising to

626
00:29:13,080 --> 00:29:15,240
Speaker 1: the top that sort of directs how I want to

627
00:29:15,240 --> 00:29:18,760
Speaker 1: pursue things specifically in the next five years. That's awesome, dude,

628
00:29:18,800 --> 00:29:21,920
Speaker 1: It's such a useful exercise. And then the next question

629
00:29:21,960 --> 00:29:25,000
Speaker 1: that Scott prompts us to ask ourselves is how would

630
00:29:25,040 --> 00:29:27,360
Speaker 1: I live if I knew I'd be dead in six months?

631
00:29:27,840 --> 00:29:30,480
Speaker 1: And I mean, that's kind of a show stopper right there,

632
00:29:30,560 --> 00:29:32,600
Speaker 1: right that question is going to prompt us to do

633
00:29:32,720 --> 00:29:35,320
Speaker 1: I think a few things. The five year question is

634
00:29:35,440 --> 00:29:37,560
Speaker 1: a little bit of a longer view, and six months

635
00:29:37,560 --> 00:29:40,120
Speaker 1: is like, Okay, hey, I really don't have that much

636
00:29:40,120 --> 00:29:42,400
Speaker 1: time left. What are the things that matter the most

637
00:29:42,400 --> 00:29:44,200
Speaker 1: to me? Because I think obviously if we only had

638
00:29:44,240 --> 00:29:47,520
Speaker 1: six months to live, it would radically change the way

639
00:29:47,520 --> 00:29:49,760
Speaker 1: that we handle our finances. I think most of us

640
00:29:49,760 --> 00:29:52,200
Speaker 1: would probably stop contributing to a four O one k

641
00:29:52,360 --> 00:29:54,920
Speaker 1: I a any sort of retirement account like right now,

642
00:29:55,360 --> 00:29:58,440
Speaker 1: I'm not exactly sure if that one's perfectly like applicable

643
00:29:58,480 --> 00:30:01,200
Speaker 1: to the finances, right, but is that yeah, you would

644
00:30:01,200 --> 00:30:02,920
Speaker 1: just probably like light all your money on fire and

645
00:30:04,440 --> 00:30:06,640
Speaker 1: just burn it all and enjoy it. I tell you what,

646
00:30:06,680 --> 00:30:09,160
Speaker 1: I would stop aging craft beers. I would drink them all.

647
00:30:10,400 --> 00:30:12,320
Speaker 1: But what it does do, though, man, is it shines

648
00:30:12,360 --> 00:30:14,320
Speaker 1: a light on the things that are truly important, because

649
00:30:14,320 --> 00:30:15,800
Speaker 1: if you only have six months to live, you don't

650
00:30:15,800 --> 00:30:17,880
Speaker 1: have time, right, and you don't have time to build

651
00:30:17,920 --> 00:30:20,640
Speaker 1: a business exactly like. It really helps you focus on

652
00:30:20,800 --> 00:30:23,360
Speaker 1: people in relationships, I think even more so. Yes, Yeah,

653
00:30:24,120 --> 00:30:26,280
Speaker 1: and it puts an emphasis on those things and allows

654
00:30:26,280 --> 00:30:28,280
Speaker 1: you to keep those things in mind, right, Like, don't

655
00:30:28,360 --> 00:30:30,840
Speaker 1: lose sight of these things, because if you only had

656
00:30:31,120 --> 00:30:33,640
Speaker 1: six months left, like, these are the things that really matter.

657
00:30:34,000 --> 00:30:36,640
Speaker 1: So in the process of building these other things that

658
00:30:36,640 --> 00:30:39,160
Speaker 1: that you are trying to pursue in the next six years,

659
00:30:39,200 --> 00:30:40,800
Speaker 1: like the reason that you're doing them is for the

660
00:30:40,840 --> 00:30:44,560
Speaker 1: six month things. Exactly, Matt, Exactly. I think it's easy

661
00:30:44,600 --> 00:30:46,520
Speaker 1: to get caught up in your five year plan and

662
00:30:46,560 --> 00:30:49,880
Speaker 1: forget those really important things that you would focus on

663
00:30:49,920 --> 00:30:51,840
Speaker 1: if you only had six months to live. It kind

664
00:30:51,840 --> 00:30:54,480
Speaker 1: of helps you create a balance of being able to

665
00:30:54,640 --> 00:30:57,000
Speaker 1: prioritize both at the same time. And that's kind of

666
00:30:57,040 --> 00:30:59,160
Speaker 1: what I love about this exercise. It's helping you look

667
00:30:59,200 --> 00:31:02,640
Speaker 1: at both term and short term and incorporating them both.

668
00:31:02,840 --> 00:31:06,520
Speaker 1: So for me, meaningful work is super crucial autonomy, like

669
00:31:06,560 --> 00:31:08,920
Speaker 1: you mentioned, that's really important to me, but also a

670
00:31:09,000 --> 00:31:12,160
Speaker 1: time with my wife and my kids and my parents

671
00:31:12,320 --> 00:31:14,960
Speaker 1: and people that I love, my friends, my community those

672
00:31:14,960 --> 00:31:17,320
Speaker 1: things are all important too. And so while I'm pursuing

673
00:31:17,360 --> 00:31:20,400
Speaker 1: meaningful work, if my family, my kids, my community get

674
00:31:20,440 --> 00:31:22,240
Speaker 1: lost in the shuffle, I feel like at that point

675
00:31:22,240 --> 00:31:24,200
Speaker 1: I've lost sight of the end goal. And I've lost

676
00:31:24,200 --> 00:31:26,760
Speaker 1: sight of that thing that I would spend all my

677
00:31:26,840 --> 00:31:29,320
Speaker 1: time doing if I only had six months left. Yeah, man,

678
00:31:29,360 --> 00:31:30,560
Speaker 1: I love that. You know, so much of what we

679
00:31:30,600 --> 00:31:32,920
Speaker 1: talk about does involve balance, and it sort of feels

680
00:31:32,920 --> 00:31:35,120
Speaker 1: like this non answer to say that, like, well, it

681
00:31:35,160 --> 00:31:37,800
Speaker 1: all depends, but really this is no different Like you

682
00:31:37,880 --> 00:31:39,680
Speaker 1: have to maintain that balance. You have to have a

683
00:31:39,720 --> 00:31:42,560
Speaker 1: healthy view towards both in order to live a healthy

684
00:31:42,640 --> 00:31:45,000
Speaker 1: life now. And so let's let's move on to his

685
00:31:45,080 --> 00:31:48,120
Speaker 1: last question, which was what are my most important goals

686
00:31:48,160 --> 00:31:50,920
Speaker 1: to achieve in a lifetime. Some of these, dude, might

687
00:31:50,960 --> 00:31:54,440
Speaker 1: actually be easily accomplished within a year, but others might

688
00:31:54,480 --> 00:31:57,160
Speaker 1: take a decade or a lifetime. But you know, thinking

689
00:31:57,280 --> 00:32:01,600
Speaker 1: through those lifetime goals can help you sort of directs, uh,

690
00:32:01,640 --> 00:32:03,360
Speaker 1: and to help you to take the baby steps you

691
00:32:03,360 --> 00:32:06,200
Speaker 1: need to take now to make sure that you are

692
00:32:06,200 --> 00:32:08,440
Speaker 1: headed in the right direction. Yeah. I love this too,

693
00:32:08,480 --> 00:32:10,400
Speaker 1: because when you write those down, some of them might

694
00:32:10,400 --> 00:32:12,520
Speaker 1: be quite a ways away, but you can start taking

695
00:32:12,520 --> 00:32:14,680
Speaker 1: some of those small steps in order to head in

696
00:32:14,720 --> 00:32:17,719
Speaker 1: that direction right now. And if it's a big, audacious

697
00:32:17,720 --> 00:32:20,320
Speaker 1: goal that's hard to achieve in all likelihood, you do

698
00:32:20,400 --> 00:32:23,480
Speaker 1: need to start right now, making small changes in order

699
00:32:23,520 --> 00:32:27,000
Speaker 1: to make sure that you prioritize the path to get there.

700
00:32:27,320 --> 00:32:30,240
Speaker 1: So if your goal has become a mediocre podcaster, you

701
00:32:30,320 --> 00:32:32,680
Speaker 1: might be there already, right, um, But if you want

702
00:32:32,680 --> 00:32:35,400
Speaker 1: to achieve, but if you want to become really good

703
00:32:35,400 --> 00:32:37,640
Speaker 1: at it, it's probably gonna take a lot more work

704
00:32:37,960 --> 00:32:40,640
Speaker 1: and putting in a lot more hours of actually doing it. Right.

705
00:32:40,800 --> 00:32:43,120
Speaker 1: So that's one example. Yeah, Well another example too, and

706
00:32:43,120 --> 00:32:44,760
Speaker 1: this maybe goes back a little bit to the if

707
00:32:44,760 --> 00:32:48,040
Speaker 1: you're dead in six months question. But I'm just realizing

708
00:32:48,080 --> 00:32:50,440
Speaker 1: this now, which is a lot of times that our

709
00:32:50,520 --> 00:32:52,240
Speaker 1: work and the things that we do day to day

710
00:32:52,360 --> 00:32:54,120
Speaker 1: are sort of the means to the end. And in

711
00:32:54,160 --> 00:32:56,440
Speaker 1: a lot of times, the end is our family, the

712
00:32:56,440 --> 00:32:58,720
Speaker 1: relationships that we keep kind of going back to. That's

713
00:32:58,760 --> 00:33:01,400
Speaker 1: what's important. And and when we lose sight of that, right,

714
00:33:01,720 --> 00:33:05,560
Speaker 1: the means becomes the end. Our work and the pursuit

715
00:33:05,600 --> 00:33:08,120
Speaker 1: of money or status that becomes the goal. And we

716
00:33:08,160 --> 00:33:11,600
Speaker 1: don't even realize that we're not enjoying the end that

717
00:33:11,640 --> 00:33:13,760
Speaker 1: we actually sought out to to seek and that we're

718
00:33:13,760 --> 00:33:17,560
Speaker 1: trying to achieve. Alright, Matt, So, in particular because Scott

719
00:33:17,720 --> 00:33:21,200
Speaker 1: is part of the fire movement financial independence, retire early.

720
00:33:21,320 --> 00:33:23,440
Speaker 1: I have a question for you, So, if you had

721
00:33:23,600 --> 00:33:27,440
Speaker 1: five million dollars in the bank right now, would you retire?

722
00:33:28,000 --> 00:33:31,640
Speaker 1: And what would your life look like? Okay, man, So, theoretically,

723
00:33:31,680 --> 00:33:33,960
Speaker 1: based on the things that you know by answering these

724
00:33:34,000 --> 00:33:36,520
Speaker 1: questions that I think I value, I think I would

725
00:33:36,520 --> 00:33:40,240
Speaker 1: be pretty satisfied with focusing on my family, like focusing

726
00:33:40,240 --> 00:33:43,760
Speaker 1: on my wife and my kids and developing those relationships

727
00:33:43,760 --> 00:33:47,040
Speaker 1: and the relationships with my friends in my community. I

728
00:33:47,080 --> 00:33:50,280
Speaker 1: think a part of me would miss work, right, like

729
00:33:50,320 --> 00:33:54,840
Speaker 1: the actual tangible physical nature of work and providing value

730
00:33:54,880 --> 00:33:58,880
Speaker 1: to others around me. But I guess theoretically, what's most

731
00:33:58,920 --> 00:34:02,160
Speaker 1: important in the oldly role that I can play here

732
00:34:02,200 --> 00:34:05,400
Speaker 1: on earth that nobody else can play is a father

733
00:34:05,760 --> 00:34:08,600
Speaker 1: to my children. There's no other father that they could have, right,

734
00:34:08,640 --> 00:34:10,239
Speaker 1: And the same thing to my wife, like I am

735
00:34:10,280 --> 00:34:12,279
Speaker 1: her husband, Like there's nobody else that is that is

736
00:34:12,320 --> 00:34:14,840
Speaker 1: her husband. I don't know, at least theoretically right, Like

737
00:34:14,880 --> 00:34:16,640
Speaker 1: you tell me, like what I quit work if I

738
00:34:16,680 --> 00:34:19,400
Speaker 1: won like five million dollars, I think I'd probably go crazy.

739
00:34:19,520 --> 00:34:22,480
Speaker 1: So you mentioned existential earlier. Yeah, we're getting into some

740
00:34:22,520 --> 00:34:25,719
Speaker 1: pretty big questions unlike we normally do. We don't normally

741
00:34:25,760 --> 00:34:28,000
Speaker 1: do this, no, I know, right, Yeah, this is a

742
00:34:28,080 --> 00:34:30,400
Speaker 1: slight detour, but I like it though. I'll share my

743
00:34:30,440 --> 00:34:33,040
Speaker 1: mission statement first and hit it. I want to live

744
00:34:33,120 --> 00:34:35,799
Speaker 1: a rich life now in the areas that matter most.

745
00:34:36,040 --> 00:34:38,080
Speaker 1: I want to be present for my family and friends,

746
00:34:38,160 --> 00:34:42,280
Speaker 1: prioritizing relationships over things. I also desire to serve others

747
00:34:42,320 --> 00:34:46,160
Speaker 1: and help them find meaning and purpose. That's mine, Nice, dude,

748
00:34:46,200 --> 00:34:47,839
Speaker 1: I love it. That's freaking awesome. All right, So let's

749
00:34:47,880 --> 00:34:50,200
Speaker 1: go with yours, all right, man, here's mine. I want

750
00:34:50,280 --> 00:34:54,520
Speaker 1: to live a brave life full of adventure, creativity, and

751
00:34:54,600 --> 00:34:59,320
Speaker 1: service that prioritizes my family as well as my community

752
00:34:59,440 --> 00:35:02,239
Speaker 1: by using body as much as my mind in order

753
00:35:02,280 --> 00:35:06,000
Speaker 1: to leave a legacy of generosity and love, which you think.

754
00:35:06,239 --> 00:35:08,919
Speaker 1: That's great, dude, I have the word legacy in there. Yeah.

755
00:35:08,960 --> 00:35:11,560
Speaker 1: I feel like, especially having children, a legacy is something

756
00:35:11,640 --> 00:35:13,040
Speaker 1: that you kind of start to think about just a

757
00:35:13,040 --> 00:35:16,080
Speaker 1: little bit more, and you want to leave something not

758
00:35:16,239 --> 00:35:17,960
Speaker 1: just for yourself, like the way you want to live,

759
00:35:18,000 --> 00:35:19,640
Speaker 1: but you want to lose. You want to live in

760
00:35:19,640 --> 00:35:23,200
Speaker 1: a way that other people would be energized to follow.

761
00:35:23,400 --> 00:35:25,319
Speaker 1: And I feel like that actually lends, at the same

762
00:35:25,360 --> 00:35:27,840
Speaker 1: time kind of more gravity to everything that we that

763
00:35:27,920 --> 00:35:30,279
Speaker 1: we do, the choices that we make, because other people

764
00:35:30,280 --> 00:35:32,759
Speaker 1: are looking and watching, and we want those people to

765
00:35:32,800 --> 00:35:36,200
Speaker 1: feel like energized and encouraged to live a rich life

766
00:35:36,480 --> 00:35:38,799
Speaker 1: as well. Yeah, man, thanks, I appreciate that. What's really

767
00:35:38,840 --> 00:35:41,160
Speaker 1: cool about a mission statement too is that it can change.

768
00:35:41,200 --> 00:35:42,600
Speaker 1: Do you and I both spent some time, We spent

769
00:35:42,640 --> 00:35:45,360
Speaker 1: a few hours on these this past week. Did you

770
00:35:45,360 --> 00:35:47,600
Speaker 1: talk with Emily about about yours trying to like help

771
00:35:47,640 --> 00:35:49,600
Speaker 1: shape it a little bit? You know, I didn't on

772
00:35:49,640 --> 00:35:51,760
Speaker 1: this because of the fact that it was a personal

773
00:35:51,840 --> 00:35:55,920
Speaker 1: mission statement, and and although obviously my life involves her

774
00:35:55,960 --> 00:35:59,320
Speaker 1: life to a large extent, and we have talked about,

775
00:35:59,400 --> 00:36:01,960
Speaker 1: like I said, my personal qualities and gifts, and she

776
00:36:02,040 --> 00:36:04,600
Speaker 1: has been so helpful for me, and that I spent

777
00:36:04,719 --> 00:36:07,640
Speaker 1: time really doing this alone, which I felt to be

778
00:36:08,120 --> 00:36:10,520
Speaker 1: really really helpful, And I can't wait to take this

779
00:36:10,640 --> 00:36:13,360
Speaker 1: to her and for us both to kind of say, Okay,

780
00:36:13,360 --> 00:36:17,240
Speaker 1: how does this fit into potentially a greater family mission statement.

781
00:36:18,360 --> 00:36:20,279
Speaker 1: I started to talk to Kate about this and it

782
00:36:20,320 --> 00:36:22,640
Speaker 1: started to evolve more into sort of like a family

783
00:36:22,680 --> 00:36:25,839
Speaker 1: mission statement, like what do we do? Not only me

784
00:36:26,000 --> 00:36:28,000
Speaker 1: and her, but like what as the children? Like what

785
00:36:28,040 --> 00:36:30,120
Speaker 1: do you know? What do the girls do? But yeah,

786
00:36:30,120 --> 00:36:32,960
Speaker 1: our goal with this episode was to, like you personally,

787
00:36:33,000 --> 00:36:34,640
Speaker 1: like how is this going to mark you know, and

788
00:36:34,719 --> 00:36:37,120
Speaker 1: direct your life as an individual? When it comes to

789
00:36:37,600 --> 00:36:39,759
Speaker 1: how does it direct your time? The things that you

790
00:36:39,800 --> 00:36:42,680
Speaker 1: pursue and obviously you know what you spend your money

791
00:36:42,680 --> 00:36:45,399
Speaker 1: on as well. Our priorities change. There's things that maybe

792
00:36:45,480 --> 00:36:47,400
Speaker 1: we don't even think about. That's kind of what's so

793
00:36:47,440 --> 00:36:50,200
Speaker 1: awesome about it is it's this alive, sort of flexible

794
00:36:50,239 --> 00:36:52,640
Speaker 1: thing that gives us direction now. But at the same time,

795
00:36:52,640 --> 00:36:54,799
Speaker 1: it's not so rigid and it's not so set in

796
00:36:54,840 --> 00:36:58,240
Speaker 1: stone that it doesn't allow us to change and evolve

797
00:36:58,360 --> 00:37:00,839
Speaker 1: over time. Yeah. I mean I if it changes week

798
00:37:00,880 --> 00:37:03,200
Speaker 1: to week, then you probably didn't do the exercise very well,

799
00:37:03,360 --> 00:37:05,719
Speaker 1: like right, I would say, But if it changes year

800
00:37:05,760 --> 00:37:09,320
Speaker 1: to year in small bits and pieces or full sentences

801
00:37:09,400 --> 00:37:11,759
Speaker 1: change completely, I think that's okay. So I think it's

802
00:37:11,800 --> 00:37:13,840
Speaker 1: actually probably a really good exercise to go back to

803
00:37:13,880 --> 00:37:17,080
Speaker 1: your mission statement once a year, and that can kind

804
00:37:17,080 --> 00:37:19,880
Speaker 1: of again help reinforce as you make tweaks, as you

805
00:37:20,000 --> 00:37:22,560
Speaker 1: change that the things that you say yes and no

806
00:37:22,680 --> 00:37:26,400
Speaker 1: to the ways that you prioritize spending now versus saving

807
00:37:26,400 --> 00:37:28,600
Speaker 1: for the future, and some of these questions, man, I

808
00:37:28,600 --> 00:37:31,279
Speaker 1: feel like they're really helpful in saying, Okay, do I

809
00:37:31,440 --> 00:37:33,279
Speaker 1: max out my four own K this year because I

810
00:37:33,280 --> 00:37:35,759
Speaker 1: have the ability, or do I say no, I'm going

811
00:37:35,800 --> 00:37:39,279
Speaker 1: to prioritize investing myself and prioritize working a little bit

812
00:37:39,360 --> 00:37:41,960
Speaker 1: less so that I can prioritize some of these family

813
00:37:42,000 --> 00:37:43,960
Speaker 1: and community things that I want to be engaged in.

814
00:37:44,200 --> 00:37:46,959
Speaker 1: And a personal mission statement is so good at helping

815
00:37:47,040 --> 00:37:48,839
Speaker 1: us do that. And I just love how kind of

816
00:37:48,840 --> 00:37:52,080
Speaker 1: how Scott kind of let us in this exercise, and

817
00:37:52,360 --> 00:37:54,640
Speaker 1: we will in the show notes have all these steps

818
00:37:54,800 --> 00:37:56,480
Speaker 1: kind of laid out for you so that you can

819
00:37:56,520 --> 00:37:58,680
Speaker 1: go through them one by one and create your own

820
00:37:58,680 --> 00:38:01,680
Speaker 1: personal mission statement. And we really do think that when

821
00:38:01,680 --> 00:38:03,960
Speaker 1: it comes down to brass tacks, it's gonna help you

822
00:38:04,040 --> 00:38:08,080
Speaker 1: think through your finances, help think through how you allocate

823
00:38:08,120 --> 00:38:10,480
Speaker 1: your money really well too. All right, Joel Man, let's

824
00:38:10,480 --> 00:38:13,040
Speaker 1: get back to this beer. It is currently while we're

825
00:38:13,040 --> 00:38:16,480
Speaker 1: recording this cold is all get out outside here in Atlanta.

826
00:38:16,840 --> 00:38:19,680
Speaker 1: It's freaking January man, it's cold. Yeah, it's extremely cold,

827
00:38:19,680 --> 00:38:22,480
Speaker 1: so it feels very appropriate to have this cold Mountain

828
00:38:22,480 --> 00:38:25,960
Speaker 1: winter warmer style beer. It's delicious. So your word was

829
00:38:26,040 --> 00:38:28,840
Speaker 1: distinct You wanna explain that? Yeah, you know what I

830
00:38:28,880 --> 00:38:31,719
Speaker 1: love is a beer that tastes unlike any other beer

831
00:38:31,760 --> 00:38:34,400
Speaker 1: I've had before, and this beer was really distinct in

832
00:38:34,440 --> 00:38:37,080
Speaker 1: that way. It it really is its own style. It

833
00:38:37,160 --> 00:38:40,400
Speaker 1: has kind of some elements of like a Belgian quad

834
00:38:40,960 --> 00:38:43,480
Speaker 1: with some of those notes going on, like I feel

835
00:38:43,480 --> 00:38:45,600
Speaker 1: it like a fig raisiny kind of thing going on,

836
00:38:45,680 --> 00:38:47,480
Speaker 1: but then some of the spice that they include in

837
00:38:47,520 --> 00:38:51,040
Speaker 1: the beer gives it something completely its own. It's unique

838
00:38:51,320 --> 00:38:53,879
Speaker 1: and it's also lighter in body at the same time.

839
00:38:54,040 --> 00:38:58,120
Speaker 1: So yeah, just a really interesting beer. Highland is kind

840
00:38:58,120 --> 00:39:00,279
Speaker 1: of one of the o g craft brewers. I've been

841
00:39:00,360 --> 00:39:02,759
Speaker 1: drinking their beers for years. Yeah, I was gonna say,

842
00:39:02,880 --> 00:39:06,200
Speaker 1: I remember the Gaelic Ale well like years and years

843
00:39:06,200 --> 00:39:08,319
Speaker 1: and years ago, and this is I feel like one

844
00:39:08,360 --> 00:39:10,040
Speaker 1: of the best ones they make. So really excited to

845
00:39:10,040 --> 00:39:12,040
Speaker 1: be able to have a Cold Mountain this year. It's

846
00:39:12,040 --> 00:39:14,440
Speaker 1: so good. Yeah. Man, So my word was chewy, and

847
00:39:14,560 --> 00:39:16,880
Speaker 1: I completely resonate with you when you mentioned like that

848
00:39:16,960 --> 00:39:19,799
Speaker 1: dried fruit, that nuttiness to it. There's a dried sort

849
00:39:19,840 --> 00:39:22,640
Speaker 1: of figgy fruity flavor to it, and it just has

850
00:39:22,680 --> 00:39:26,719
Speaker 1: this multi backbone to it. Drinks real smooth. For me,

851
00:39:26,800 --> 00:39:29,000
Speaker 1: it was more of sort of that chewy, sort of

852
00:39:29,160 --> 00:39:33,200
Speaker 1: nutty nuttiness with with that dried fruit. Very delicious. Huge

853
00:39:33,200 --> 00:39:36,360
Speaker 1: things to Clark and Nancy for donating this beer to

854
00:39:36,400 --> 00:39:40,000
Speaker 1: the show. All right, Matt, So, instead of a final

855
00:39:40,040 --> 00:39:42,120
Speaker 1: thoughts like we usually do with our topics, I feel

856
00:39:42,160 --> 00:39:46,160
Speaker 1: like this episode it's appropriate, our first money pro episode

857
00:39:46,160 --> 00:39:48,960
Speaker 1: with Scott Rickens. It's really appropriate for us to kind

858
00:39:48,960 --> 00:39:51,960
Speaker 1: of finish this one up with a really with a

859
00:39:52,040 --> 00:39:54,360
Speaker 1: quote from him from his book that I feel like

860
00:39:54,400 --> 00:39:58,040
Speaker 1: ties this whole concept together really well. Will you read

861
00:39:58,040 --> 00:40:00,160
Speaker 1: it for us? Yeah? Man, well, I'll preface it right.

862
00:40:00,200 --> 00:40:02,120
Speaker 1: And so Scott's whole book in a documentary, it's all

863
00:40:02,120 --> 00:40:05,759
Speaker 1: about fire financial independence, and then specifically on our show

864
00:40:05,840 --> 00:40:08,560
Speaker 1: for us, he's talking about mission statement. This right here,

865
00:40:08,600 --> 00:40:10,520
Speaker 1: it brings the two together and it helps us to

866
00:40:10,600 --> 00:40:13,880
Speaker 1: sort of reframe our finances, personal finance and lights of

867
00:40:13,920 --> 00:40:16,440
Speaker 1: a personal mission statement. And so towards the end of

868
00:40:16,480 --> 00:40:20,680
Speaker 1: the book, Scott said that fire is not about saving

869
00:40:20,800 --> 00:40:23,400
Speaker 1: every last penny and trying to reach retirement as soon

870
00:40:23,440 --> 00:40:27,040
Speaker 1: as humanly possible. It's about building a lifestyle that aligns

871
00:40:27,040 --> 00:40:30,600
Speaker 1: with your larger life purpose even while you are still working.

872
00:40:30,719 --> 00:40:34,879
Speaker 1: Retirement isn't the answer to every problem with fire. It's

873
00:40:34,920 --> 00:40:39,000
Speaker 1: just a natural outcome of aligning your values with your choices.

874
00:40:39,239 --> 00:40:40,840
Speaker 1: And I love that, man. I feel like it's it

875
00:40:40,960 --> 00:40:43,920
Speaker 1: sums up what he discovered, which was his new personal

876
00:40:43,960 --> 00:40:47,440
Speaker 1: mission statement. Obviously that had a direct impact on his finances.

877
00:40:47,440 --> 00:40:49,400
Speaker 1: Where they chose to live right because they moved from

878
00:40:49,400 --> 00:40:52,000
Speaker 1: a high cost of living city, and the things that

879
00:40:52,000 --> 00:40:54,040
Speaker 1: they're going to pursue with the rest of their life.

880
00:40:54,239 --> 00:40:56,759
Speaker 1: All right, that's it. You can find some show notes

881
00:40:56,840 --> 00:41:00,160
Speaker 1: up on our website at how to money dot com,

882
00:41:00,200 --> 00:41:03,360
Speaker 1: including some more information where you can find Scott's book

883
00:41:03,520 --> 00:41:05,640
Speaker 1: in that new movie that's coming out soon. If this

884
00:41:05,680 --> 00:41:08,439
Speaker 1: podcast has been helpful to you, Matt and I would

885
00:41:08,520 --> 00:41:10,200
Speaker 1: love to hear from you, and the best way to

886
00:41:10,200 --> 00:41:12,840
Speaker 1: do that is to leave a review on Apple Podcasts

887
00:41:12,880 --> 00:41:15,680
Speaker 1: or wherever you listen to podcasts. It helps not only

888
00:41:15,719 --> 00:41:17,879
Speaker 1: Matt and I to get better at what we're doing,

889
00:41:18,120 --> 00:41:20,160
Speaker 1: but it also helps other people that are interested in

890
00:41:20,239 --> 00:41:23,040
Speaker 1: personal finance, find out about this show, and don't forget

891
00:41:23,080 --> 00:41:26,319
Speaker 1: to subscribe while you're there until next time. Best Friends out,

892
00:41:26,360 --> 00:41:27,280
Speaker 1: Best Friends Out,