RPF0644-Who_Do_You_Want_to_Remember_You_and_What_Do_You_Want_to_Be_Remembered_For
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00:00:30.620 | Welcome to Radical Personal Finance,
00:00:32.120 | a show dedicated to providing you with the knowledge,
00:00:34.000 | skills, insight, and encouragement you need
00:00:36.200 | to live a rich and meaningful life now
00:00:38.700 | while building a plan for financial freedom
00:00:40.200 | in 10 years or less.
00:00:41.460 | Today on the show, philosophical show.
00:00:43.400 | Let's begin with a question.
00:00:45.900 | Who do you want to remember you
00:00:48.740 | when you are dead and gone?
00:00:52.340 | And what do you want to be remembered for?
00:00:57.380 | Who do you want to remember you when you are dead and gone?
00:01:01.460 | And what do you want to be remembered for?
00:01:06.220 | If you have a clear answer to those questions,
00:01:09.560 | most of your life path will be charted out,
00:01:14.900 | and somebody who knows you well will generally be able
00:01:17.940 | to predict the choices that you will make in life.
00:01:23.040 | If you don't have a clear answer to those questions,
00:01:25.880 | you're going to need to spend some time thinking about them.
00:01:27.820 | Don't despair.
00:01:28.820 | A lot of times those questions take years to come up with,
00:01:31.120 | and they crystallize more and more as time goes on.
00:01:33.720 | These are not questions that you answer one time in life
00:01:36.060 | and things are settled for the rest of your life.
00:01:38.320 | No, these are things that you think about continually
00:01:41.820 | over the course of your life,
00:01:43.460 | and you make adjustments based upon your answers
00:01:45.900 | to these questions.
00:01:49.440 | In life, you will have to make trade-offs,
00:01:55.080 | and good decision-making is going to be driven
00:01:57.180 | based upon your being aware of the options
00:01:59.580 | that are available to you,
00:02:01.520 | and then being aware of the personal philosophy,
00:02:04.220 | the personal ideals, the personal goals,
00:02:06.460 | the personal values that you bring to a decision
00:02:10.220 | so that you can make the best decision for you.
00:02:13.520 | In almost any choice, the biggest cost you will face
00:02:17.100 | is the opportunity cost.
00:02:19.460 | Opportunity cost is the thing that you give up
00:02:22.600 | when you make a choice.
00:02:24.240 | If you come to a fork in the road
00:02:26.300 | and you choose to go left,
00:02:28.940 | the biggest cost of your choice of going left
00:02:32.340 | is what you're not going to see or do or have by going right.
00:02:37.280 | That's your opportunity cost.
00:02:38.980 | When you come to that fork in the road
00:02:41.160 | and you make your choice,
00:02:42.460 | you are giving up everything to the right
00:02:46.760 | if you choose to go left.
00:02:49.020 | But if you choose to go right,
00:02:50.360 | then of course you're giving up everything
00:02:52.200 | when you choose to go everything to the left.
00:02:56.960 | To make one choice in life
00:02:59.200 | means often that you can't make another.
00:03:02.540 | For example, if you say yes
00:03:06.340 | to taking the job at the local factory,
00:03:10.140 | because it's a job that will provide for your needs,
00:03:13.760 | it'll give you a secure form of employment, et cetera,
00:03:17.900 | you're not going to also be able
00:03:20.060 | to be an international journalist.
00:03:22.900 | Those jobs are not going to work together.
00:03:27.340 | If you take job A at the factory,
00:03:29.540 | you're saying no to job B as the international journalist.
00:03:34.340 | But on the other hand,
00:03:36.520 | if you say yes to working as an international journalist,
00:03:40.160 | then you're going to have to say no to other things.
00:03:43.400 | For example, if you're taking a job
00:03:45.220 | as an international journalist,
00:03:46.500 | you're not going to be able to work the land
00:03:49.580 | and heal the land that you own
00:03:51.400 | and develop your farm and care for your animals.
00:03:54.600 | You can't simultaneously be a successful farmer
00:03:57.680 | caring for animals and be an international journalist.
00:04:00.800 | So you have to choose.
00:04:02.040 | And these choices are painful
00:04:05.520 | to most of us who are fairly capable.
00:04:08.760 | Because if you're anything like me,
00:04:10.140 | you look at the factory and you say,
00:04:11.520 | man, I can see all the great things about the factory,
00:04:13.880 | and I would be a really good factory worker.
00:04:15.760 | But then you look at the international journalist job
00:04:17.880 | and you say, man, look at that,
00:04:19.680 | that would be really, really neat,
00:04:20.720 | I'd really like to do that.
00:04:22.360 | And then you look at the farming job
00:04:24.360 | and you think, I would really like to do that,
00:04:25.920 | what a blessing it would be to be able to heal the land
00:04:28.200 | and care for the animals and care for the people.
00:04:30.780 | It would just be wonderful to do that.
00:04:32.240 | But you can't do them all.
00:04:33.960 | You have to make a choice.
00:04:35.320 | To excel in one area is necessarily going to mean
00:04:40.900 | that you're not going to excel equally in every other area.
00:04:45.880 | If you're a capable person, you can do a lot,
00:04:48.760 | but you can't do it all.
00:04:50.200 | You can do well in many things,
00:04:53.600 | but you can't do well in all things.
00:04:56.340 | So you will have to choose.
00:04:59.360 | And with most of these things,
00:05:02.320 | there is no objective choice of right or wrong.
00:05:05.960 | We could not make an argument that it is better,
00:05:09.440 | objectively speaking, as an absolute standard,
00:05:12.120 | that it's better to work at the factory,
00:05:14.040 | or that it's better to work as the international journalist,
00:05:16.880 | or it's better to work as a farmer.
00:05:18.680 | Those things are not in the world of right and wrong,
00:05:21.640 | absolute standards of truth.
00:05:23.320 | Rather, those are subjective things
00:05:25.680 | that are based upon your values, your lifestyle,
00:05:28.360 | your skills, your goals, et cetera.
00:05:30.440 | But you're going to have to choose.
00:05:35.400 | And so you should, as Stephen Covey put so famously,
00:05:38.040 | you should begin with the end in mind.
00:05:41.760 | And a good way to get there is to think about
00:05:43.680 | who do you want to remember you,
00:05:46.160 | and what do you want to be remembered for?
00:05:49.080 | Who do you want to remember you?
00:05:56.840 | You will have to choose the people
00:05:59.480 | that you are going to spend your life with,
00:06:02.680 | and commit to spending time with those people
00:06:06.840 | in order for them to remember you.
00:06:08.980 | If you choose your family,
00:06:12.560 | and you choose to spend time and energy and money
00:06:17.080 | on activities with your family,
00:06:19.500 | you will have to say no to other people.
00:06:24.400 | This is why if you choose to marry,
00:06:30.400 | you're automatically going to spend less time
00:06:32.360 | with your friends,
00:06:33.200 | because you're gonna spend time with your spouse.
00:06:35.320 | If you have children,
00:06:36.240 | you're going to spend less time with your coworkers,
00:06:39.200 | because you're gonna spend more time with your children.
00:06:42.440 | So it's a choice.
00:06:43.440 | If you choose your family,
00:06:44.280 | you'll have to say no to others.
00:06:45.120 | If you choose your friends,
00:06:47.040 | you will have to say no to others.
00:06:49.640 | Or if you choose to spend time with your coworkers,
00:06:52.760 | you'll have to say no to your family and friends.
00:06:55.480 | If you choose your customers,
00:06:57.160 | you'll have to say no to your coworkers.
00:07:00.120 | And in order for you to make that choice,
00:07:04.520 | you're gonna have to be clear
00:07:06.240 | on who you want to remember you,
00:07:08.600 | and what you want to be remembered for.
00:07:11.600 | I always thought about this
00:07:12.440 | when I used to work as a financial advisor.
00:07:15.760 | And in the world of financial product sales,
00:07:20.760 | you sell an insurance, investments,
00:07:23.560 | doing financial planning,
00:07:25.360 | there's this fascinating little thing
00:07:26.960 | that some people seem to figure out.
00:07:30.960 | But your coworkers don't buy from you.
00:07:33.280 | And I could never understand
00:07:34.320 | why people would spend so much time around the office,
00:07:38.160 | spending all kinds of time with people
00:07:40.080 | who were never gonna buy anything from them,
00:07:41.520 | instead of going out and spending time with customers
00:07:43.240 | who were gonna buy from them.
00:07:44.720 | And at least how I would prioritize it,
00:07:46.720 | I'm gonna spend time with customers
00:07:48.080 | who are gonna buy from me.
00:07:49.200 | You spend a little bit of time at the office
00:07:51.040 | with the coworkers,
00:07:52.040 | because of course there's the politics of the office,
00:07:54.240 | et cetera.
00:07:55.240 | But I'd rather be with either customers or my family
00:07:57.440 | and friends rather than with coworkers.
00:07:59.520 | Well, maybe today I can,
00:08:04.720 | it's funny, I have a lot of friends
00:08:06.920 | and it's funny, I have relationships still
00:08:09.040 | with my family and friends and my customers,
00:08:12.720 | but not many with coworkers.
00:08:14.160 | I guess it's kind of normal.
00:08:15.480 | That's what I chose.
00:08:16.320 | I chose to be remembered by those people.
00:08:18.080 | The point is, you can't spend time
00:08:20.000 | with everybody all at the same time.
00:08:21.800 | So you're going to have to choose.
00:08:25.760 | Think about who you want to remember you
00:08:30.560 | when you're dead and gone,
00:08:31.840 | or when you leave town,
00:08:32.840 | or whatever timeframe you can picture.
00:08:35.120 | Who do you want to remember you
00:08:37.000 | when you graduate from high school?
00:08:38.680 | Who do you want to remember you
00:08:40.240 | when you graduate from college?
00:08:41.680 | Who do you want to remember you
00:08:42.800 | when you close down this business
00:08:44.280 | and start your next one?
00:08:46.160 | And what do you want to be remembered for?
00:08:48.400 | You're going to have to be clear
00:08:51.240 | on what you want people to say about you
00:08:53.600 | when you're gone,
00:08:55.160 | because you will have to live that out now.
00:08:59.600 | You'll have to live, I hate the word, authentically.
00:09:03.800 | You won't fool the people that are closest to you.
00:09:06.320 | You cannot.
00:09:08.520 | Your wife will know who you are.
00:09:11.960 | You cannot fool her.
00:09:13.080 | Your children will know who you are.
00:09:14.520 | You cannot fool them.
00:09:15.840 | Your business partner will know who you are.
00:09:17.600 | You can't fool them.
00:09:18.760 | You won't fool those people.
00:09:21.920 | And so you're going to have to live it out.
00:09:25.840 | Now here's what's cool about life,
00:09:26.920 | and I'll wrap up with this.
00:09:28.320 | In life, there are many things that you can do.
00:09:31.480 | You have many options of things that you can choose to do.
00:09:34.960 | And you can spend massive amounts of time
00:09:40.040 | considering those options.
00:09:41.920 | You can take in all kinds of input,
00:09:47.120 | of ways that you can improve things,
00:09:51.420 | other people's paths,
00:09:53.440 | and it's never been easier to hear other people's stories.
00:09:57.320 | So don't say yes to one life course too quickly
00:10:01.680 | before you've considered the options.
00:10:04.000 | But then, if you're actually gonna make a difference,
00:10:08.840 | you're actually gonna have to say yes
00:10:10.880 | to one course of action.
00:10:12.400 | And that's going to come at a cost.
00:10:16.460 | You're gonna give up other things.
00:10:20.320 | You say yes to marriage,
00:10:22.440 | you're going to be saying no to late night sessions
00:10:26.640 | with your friends at the beer hall.
00:10:29.160 | Say yes to a sales job,
00:10:32.440 | you're going to be saying no to spending lots of time
00:10:37.400 | in your local office just hanging out,
00:10:40.000 | chatting with your coworkers.
00:10:41.440 | And every choice, you fill in the examples,
00:10:45.200 | I don't need to go on forever.
00:10:47.140 | So think carefully,
00:10:50.000 | and use the opportunities that you're given to say,
00:10:55.040 | to get ideas about how you'd like to be remembered.
00:10:57.320 | Who do you want to remember you,
00:10:58.440 | and what do you want to remember them before?
00:11:01.000 | But don't be scared to commit
00:11:02.640 | once you know the direction that you want to go.
00:11:05.540 | I don't think I want to belabor the point
00:11:10.040 | of this show any more than that.
00:11:11.520 | So I'll just simply allow you to fill in more details,
00:11:14.680 | but think about those questions.
00:11:16.440 | Who do you want to remember you when you're dead and gone,
00:11:18.880 | and what do you want to be remembered for?
00:11:21.200 | And my hope is that if you'll think about those questions,
00:11:23.760 | you'll gain increasing clarity about the answers.
00:11:27.920 | Then you'll have a useful tool to bring to the options
00:11:32.520 | that life presents to you as you consider those options.
00:11:36.280 | Be back with you soon.
00:11:38.960 | - Azure Standard presents David's Corner
00:11:41.520 | with founder and organic pioneer, David Stelzer.
00:11:44.440 | - Sometimes it is easy to see the scarcity in our lives,
00:11:48.200 | but I tell you that God created enough abundance for all.
00:11:51.480 | Sometimes we just have to work for it a little bit.
00:11:54.160 | So create abundance in the areas of your life
00:11:56.840 | that matter most, in your health, in your homes,
00:11:59.760 | in your relationships and families.
00:12:02.320 | Those are the important things.
00:12:04.600 | Here at Azure, our job is to create abundance
00:12:08.240 | directly from the farm to your home of healthy food products.
00:12:13.240 | And we are here to do that job.
00:12:16.600 | And as you create abundance in all the areas
00:12:20.800 | that matter in your life,
00:12:23.120 | remember that God made an abundant world.
00:12:28.080 | - That was David's Corner presented by David Stelzer,
00:12:30.920 | founder and CEO of Azure Standard,
00:12:33.480 | America's premier supplier of organic foods
00:12:36.000 | and over 12,000 healthful products.
00:12:38.360 | Join our community for free at azurestandard.com.