Week 11: March 16-22

 

Week 11: March 16 -22

 

A Field Guide for the Hero’s Journey: Chapter 7: REST

Going on an adventure is great, but not if you pass out from exhaustion. We tend to say with pride when we start something that we “burning the candle at both ends.” We intend it to mean that we are working very hard, but perhaps we should look at it as a warning. We will burn out and then have nothing left. Scheduled rest is a good thing and makes you more productive in the long run.

“Every now and then go away, have a little relaxation, for when you come back to your work your judgement will be surer.”

~ Leonardo da Vinci

Many ideas have come to people in their sleep, in the shower, in the tub, and in the moments or relaxation. Don’t rob yourself of the opportunity because you think you can’t stop.

 

Formula for Success: First Presidency Message March 1996

Parable of the wise and foolish virgins and their lamps. Parable of the fig tree.

We are the chosen generation and we have the responsibility to:

·        Be prepared

·        Be productive

·        Be faithful

·        Be fruitful

Formula for success:

1.   Fill your mind with truth

2.   Fill your life with service

3.   Fill your heart with love

 

Life, Liberty, and the Pursuit of Happiness:

1.   The pursuit of happiness is a lie.

2.   Task One: Understanding the difference between happiness, satisfaction, and fulfillment

a.  Later in life we are far more likely to regret risks not taken than mistakes made. No one on their death bed said, “I wish I had worked more.”

3.   Task Two: Losing yourself in a hero’s journey

a.  Face your dragon sand giants. Throw your ring into Mordor. Find your worthy cause. 

4.   Task Three: Getting started on your quest

a.  This is the hardest one for me

b.  “Do you need loosening or do you need tightening?

c.   A calling is finding that special place where your most precious gifts allow you to do something you love.”

 

Attitude on Money:

Parable of the two prescription glasses. We all have “filters” in our minds which change the way we “see” things.

You need to think about money.

Money is not evil.

Money has great power.

Money often reveals the kind of person we are.

Money can make good men better, but on the other hand, from my experience, it usually makes bad men worse.

Money cannot buy good health.

Making money is a real talent and some are born with that ability. But it is like playing the piano. Some are born with it and just need a few lessons. Others spend years practicing and end up accomplished pianists. If you were not born with the talent, you can still learn.

He started an Academy to teach others how to manage money and start making money. See the link below for the Rules of Thumb. I really liked them.

The Rules of Thumb

 

Is Work/Life Balance Possible?

In the “seed stage” everything feels like life or death and you constantly feel like you are dying. But as time goes on, you get better at balancing.

 

Balancing Your Life:

Tells his story of getting fresh out of college and was hungry for experience. He took everything he could and had very little money but was so happy. Then he climbed the corporate ladder and became a CEO. He was rich, but miserable. He traded in some responsibility and money to be able to pursue more experiences and that has made his life more balanced. Life is not a pendulum that stops in the middle, but that is not true. It swings as we grow and change, but that is not bad.

“The best way to [balance your life] is to have a group of people around you who know who you are, who you respect, and who share your values.”

 

Hero’s Journey: Corey Bell

·        Create a place where the word “Can’t” does not exist.

·        I can always get a job… but I don’t want to live at the end of my life thinking, “What if?”

·        The richest place in the world is the graveyard.

·        Everybody I encounter inspires me.”

·        Too often we walk through life believing that someone owes us something, when instead, really, we owe the world.

·        At the end of your life, no one’s really asking you about all the things that you did; they’re really concerned about who you are.

 

Surviving the Entrepreneurial Life: Work and Family

·        Make sure to attend important events, but have unscheduled hang out time too. And ask what they need. Each child is different and has different needs.

·        Have regular family meetings. Discuss what needs to change and how to do it.

·        Bring your kids to work: having them see what you do and seeing you in a work setting helps them better understand you.

·        Engage your spouse in the business. Include them and set time aside for them personally too.

 

Financial Fitness:

The secret to Early Retirement:

1)   The 6 Step success formula

2)   Terrific Marriage partner

3)   Principles from “The richest man in Babylon”

 

Principle 1: Pay yourself First. Invest a part of every paycheck

Principle 2: Part of what you earn is yours to keep- Never touch the principle

 

1)   Independence account

2)   Budget Account

a)  Tithes and offerings

b)  Domestic Expenses

c)  Living Expense

d)  Family Expenses

e)  Normal Costs of living

f)    Never use a credit card if it can’t be paid in full from the budget account when it’s due.

3)   Savings Account

a)  Christmas

b)  Birthdays

c)  Medical Emergency

d)  Vacations

e)  Vehicles

4)   Wish List Savings Account:

a)  Things you wish you could have

b)  Boat

c)  Trailer

d)  Cruise

5)   Gold Account:

a)  Investments

b)  Appreciating Assets

c)  Business Entities

d)  Gambling Ventures