back to indexMake This Year Amazing with Seven Simple Questions for Your Annual Review
Chapters
0:0
2:47 Reflecting on Experience
4:30 What Did I Change My Mind
15:35 What Created Energy for You
26:16 The Concept of Fear Setting
31:54 Greatest Hits and Worst Misses
42:44 Energy Calendar
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Part of the value of this whole process is that it requires you to pause and actually 00:00:05.800 |
look back at your work, writing, projects, you know, things that you did during the course 00:00:13.680 |
Because that actually gives you the zoomed out perspective. 00:00:15.860 |
Like the whole value of doing an annual review like this is really that you're constantly 00:00:23.480 |
You're zoomed in as far as you can possibly be. 00:00:27.840 |
You're like, you know, a bird flying to 10,000 feet and now observing your full year and 00:00:36.360 |
So I can actually go back and look at all of my writing during the course of the year 00:00:39.480 |
and see, find those trends, look at things that I was talking about, thinking about, 00:00:45.480 |
For a lot of people, it can be journaling, you know, notes that you've left yourself 00:00:55.360 |
Sometimes it's just conversations with friends. 00:00:58.120 |
Hello and welcome to another episode of All The Hacks, a show about upgrading your life, 00:01:03.400 |
Now, just last month, I read a few posts that really had me thinking more about how I want 00:01:10.240 |
One was about conducting a personal annual review and the other was about 23 ways to 00:01:17.440 |
They were both fantastic and they were both written by my friend Sahil Bloom, who is one 00:01:22.880 |
But he actually started his career in private equity and spent a decade investing professionally 00:01:27.960 |
before turning to write about finance and sharing his frameworks for having a more fulfilling 00:01:34.200 |
In preparation for this conversation, I came up with so many topics I wanted to cover, 00:01:38.400 |
but we're just going to have to get to them another time because we're going to focus 00:01:41.100 |
on conducting a personal annual review, which is nothing like the arduous process of a performance 00:01:47.240 |
It's actually just seven questions you can ask yourself that give you the perfect opportunity 00:01:51.420 |
to reflect on the past year and plan for what's ahead. 00:01:55.280 |
Then we'll walk through some of Sahil and my top recommendations for how to make 2023 00:01:59.600 |
an amazing year across your work, your health, your life and your money. 00:02:04.200 |
I'm really excited for this conversation, so let's get started right after this. 00:02:16.520 |
As an avid listener, I'm excited to make my debut appearance here. 00:02:20.160 |
Yeah, and we'll probably get to this at the end, but there might be some future appearances 00:02:25.400 |
There are a lot of people out there trying to make their resolutions, make their intentions 00:02:30.680 |
What do you think people get wrong when they go through that process? 00:02:33.160 |
Yeah, I mean, the biggest thing I think people get wrong is focus on the planning side and 00:02:39.960 |
There's this quote that I love, John Dewey is an American philosopher. 00:02:45.480 |
And basically what he said was, "We don't learn from experience, we learn from reflecting 00:02:51.640 |
And I always thought that was a really powerful way of thinking about your year, like you 00:02:54.640 |
get to the end of the year and everyone's instinct is, "Okay, I'm going to look forward. 00:03:01.040 |
And that's just like the way everyone operates. 00:03:04.240 |
And not enough time is spent reflecting on the year that just passed. 00:03:07.240 |
And what did you learn from it and how can you actually take those learnings and drive 00:03:11.440 |
yourself forward and do a better year going forward? 00:03:14.400 |
I was hoping you'd say that because I wanted to talk about your personal annual review 00:03:17.880 |
because I've seen you tweet about it and then you actually produced this document that people 00:03:24.560 |
So you think we could just kind of give people an overview of how you structure an annual 00:03:28.240 |
review and then if anyone listening wants a copy, we'll definitely link to it in the 00:03:33.720 |
I mean, it's a pretty simple structure as you know there. 00:03:36.080 |
I've been doing this for the last five plus years, I would say in this format. 00:03:42.760 |
And you've had or had discussions with a few of these people, but I've taken inspiration 00:03:46.640 |
over the years from a lot of the giants that I really look up to and admire like Tim Ferriss 00:03:51.340 |
or James Clear, who have written about in the past their annual review structures. 00:03:57.480 |
But basically, the whole thing is framed around seven questions. 00:04:00.120 |
So maybe we can just go through the questions. 00:04:03.880 |
I'm curious for what your perspectives are on your own year on these and we can go from 00:04:09.960 |
I'm so glad you put this together and that we're having this conversation because I went 00:04:13.200 |
through and I started going through all of this myself. 00:04:15.920 |
And yeah, I don't think I would have done that without your prompt. 00:04:20.280 |
It's like you jump in and you're like, "I got all this stuff to do this year." 00:04:29.480 |
So the first one that I always start with is, "What did I change my mind on this year?" 00:04:36.920 |
And the genesis of this is really just this idea that if you're not changing in any way, 00:04:44.640 |
We need to have those software updates as I like to think of them to our mind, to rewrite 00:04:51.800 |
And so, at the end of the year, I always like to ask, "What are the big things that I really 00:04:56.560 |
And if there's nothing, I start to get really worried. 00:05:01.480 |
So that's always the first question that I ask. 00:05:03.440 |
And I'm curious, for you specifically, actually, what are some of the things that you feel 00:05:12.000 |
But I have one quick question, which is, for each of these things, is there anything you 00:05:19.600 |
For me, I was looking through my photo albums. 00:05:23.500 |
To try to just anchor some points on things, or I was looking at my work calendar. 00:05:31.240 |
How do I find the things I changed on without too much recency bias on what did I change 00:05:38.280 |
I mean, part of the value of this whole process is that it requires you to pause and actually 00:05:44.080 |
look back at your work, writing, projects, things that you did during the course of the 00:05:52.440 |
Because that actually gives you the zoomed out perspective. 00:05:54.400 |
The whole value of doing an annual review like this is really that you're constantly 00:06:01.720 |
You're zoomed in as far as you can possibly be, and this forces you to zoom out. 00:06:06.120 |
You're like a bird flying to 10,000 feet and now observing your full year and being able 00:06:14.600 |
So I can actually go back and look at all of my writing during the course of the year 00:06:17.720 |
and see, find those trends, look at things that I was talking about, thinking about, 00:06:23.720 |
For a lot of people, it can be journaling, notes that you've left yourself during the 00:06:33.600 |
Sometimes it's just conversations with friends. 00:06:36.680 |
It's also a reason, by the way, why these annual reviews are often really productive 00:06:42.000 |
to do in a group setting or in a one-on-one setting with another individual that you trust, 00:06:47.360 |
because it tends to lead to a slightly more active discussion and pushbacks that actually 00:06:51.560 |
make you think a little bit more deeply and avoid that recency bias that you mentioned. 00:06:56.920 |
For me, for some reason, and maybe it's that I live in the Bay Area and there's no seasons, 00:07:01.080 |
so I don't have this like, "What was happening when it was snowing? 00:07:05.160 |
I like to use the calendar and go back and look at calendars and photos to just jog my 00:07:11.960 |
Oh, I went on this trip to New York or Boston or something. 00:07:15.320 |
Oh, what was going on at work around the time I did that?" 00:07:18.640 |
But I've done that recently, by the way, with my wife. 00:07:22.220 |
So we just had our sixth anniversary and we were on a walk and we started thinking about, 00:07:26.440 |
"Okay, what did we do each year since we got married? 00:07:29.400 |
What were the big milestones, trips, things we did?" 00:07:31.720 |
And it was such a fun and interesting exercise to think about what our mindset was at each 00:07:37.800 |
We got married and then you have the honeymoon period and you're going on all these trips 00:07:43.480 |
It's actually a really fun relationship exercise for people that have been in longer-term relationships. 00:07:48.220 |
I'll share one thing and then I'll promise I'll answer your question, which is starting 00:07:52.760 |
I don't know why, March of 2014, I started logging this doc --it's just a Google Sheet-- 00:07:59.480 |
And my goal was that every month, for the rest of my life, I needed to have an experience 00:08:06.920 |
I first was like, "Was it monthly memorables, was it monthly experiences?" 00:08:10.140 |
And it didn't necessarily have to be some crazy skydiving kind of thing. 00:08:13.520 |
One of them was like, I had surgery on my foot because I had this thing called a Morton's 00:08:17.520 |
Neuroma and it had been a pain in my life for a long time. 00:08:20.120 |
And finally, I was just like, "I'm going to do this." 00:08:22.080 |
One was, we were in Colorado where my wife grew up and it was like so much snow, it was 00:08:27.600 |
And I was like, "I'm going to go build an igloo." 00:08:28.600 |
Like, get a chainsaw, cut blocks of ice and build an igloo. 00:08:32.140 |
So things like that, June 2015, we got a dog. 00:08:39.040 |
It has nothing to do with an annual review, but it was... 00:08:41.160 |
I wanted to make sure that every month of my life, there was something memorable. 00:08:47.320 |
And I was like, "Gosh, it really dropped off a cliff." 00:08:49.400 |
It dropped off a cliff when I had kids and the pandemic hit. 00:08:54.760 |
But it was like, "Oh, when the pandemic was here and you have kids, yeah, there was something 00:08:57.240 |
memorable with childhood development each month, but it felt weird to be like, 'Kids 00:09:06.400 |
But something to encourage everyone to consider if you're wanting to make sure each month 00:09:14.880 |
So a few of the things for me was that one was around outsourcing. 00:09:23.360 |
In multiple jobs, I've had the opportunity to have an admin and I just always said no. 00:09:31.000 |
And finally, this year, when I started the podcast, out of necessity, well, I started 00:09:40.700 |
But last year in 2022, I really started saying, "Okay, maybe I could hire someone to help 00:09:44.160 |
Maybe I could hire someone to help with parts of the newsletter, with parts of the editing, 00:09:49.320 |
So last year was a year that I changed my mind on hiring people to help do things to 00:09:54.200 |
give you more surface area you can cover with your own time. 00:10:01.280 |
I mean, that's going to pay dividends for a long time, changing your mind on that. 00:10:05.760 |
The other one, which I think was the hardest, was learning to spend money. 00:10:10.720 |
And I know this sounds crazy, but I feel like myself and maybe a lot of people listening, 00:10:15.960 |
we almost get to the point of optimizing and frugality that it's very hard to spend money 00:10:21.520 |
We're going out to dinner and I remember we're at a Japanese restaurant and I was like, "All 00:10:29.040 |
And I was like, "God, they're charging $7 for a miso soup. 00:10:39.800 |
I'm so used to telling people, "Stop worrying about the latte." 00:10:44.120 |
He's like, "The lattes aren't what's killing you. 00:10:49.840 |
To use the Japanese restaurant example, not ordering a seaweed salad because I like it 00:10:53.600 |
because it's extra $5 or not getting miso soup because it's overpriced by $2. 00:10:58.560 |
And so I found that when you can just let the small decisions go, happiness goes up, 00:11:08.320 |
When it comes to optimizing my finances, where I am in my life, those $1, $2, $3, $4, $5 00:11:18.200 |
When I'm shopping online for groceries, I would pull up Amazon Fresh and Whole Foods 00:11:22.560 |
and price compare strawberries and stuff like that. 00:11:26.120 |
I've gotten over the small costs of things and gotten comfortable. 00:11:31.680 |
And the one small funny thing that I'll share, which I put in my end of the year learnings 00:11:36.800 |
was mouth tape, which I thought was that when I interviewed Liz Moody, who has this Healthier 00:11:42.600 |
Together podcast, she was like, "You should consider trying this out, taping your mouth 00:11:46.360 |
And I was like, "That is the craziest thing." 00:11:47.920 |
And for all of 6 months, I was like, "That's the craziest thing." 00:12:01.200 |
It wasn't a thing that I processed in my mind. 00:12:03.920 |
But there were just times where I woke up and my mouth was a little dry. 00:12:07.000 |
And I was like, "Oh, I wonder if I'm a really heavy mouth breather or not. 00:12:11.760 |
And I was like, "I woke up and it just felt like my mouth was fresh." 00:12:19.760 |
You should have James Nester on at some point. 00:12:26.600 |
You should have him on and do an episode on breathing because it's hugely, hugely impactful 00:12:38.040 |
And now, I have like a stack of hostage tape, which is like the most ridiculous name for 00:12:44.620 |
There is a general rule of thumb there, by the way. 00:12:47.000 |
And maybe it's like a David Foster Wallace, "This is water" takeaway as well of any time 00:12:59.920 |
Because half the time, those things that you're automatically highly, highly certain of, you 00:13:07.040 |
And maybe we would all learn a whole lot more about ourselves and grow in a different way 00:13:11.000 |
if we just took on those things that we write off immediately. 00:13:15.920 |
Anything from your list this past year that's worth sharing? 00:13:20.840 |
I think you know this, but we had our first son in May. 00:13:26.560 |
And I had these like grand ambitions prior to him being born of all the things I was 00:13:33.360 |
I had this long list that I had written out of all the stuff I was going to teach my son 00:13:37.520 |
and how I was going to mold his personality in all these different ways. 00:13:41.080 |
And I think somewhere around like the six-month mark, which was later in the year, I just 00:13:47.960 |
I basically think that kids come out with a sort of a kit and their personality and 00:13:53.880 |
who they are and some aspects of their character. 00:14:00.480 |
And our job is actually not to try to teach them things around all of these specific values 00:14:06.280 |
It's to be able to embody our values as a person and hopefully guide them in the general 00:14:10.880 |
direction of what we believe is a strong set of values. 00:14:13.700 |
But the idea of like being able to mold and shape my child, I've given up on as something 00:14:20.440 |
It's funny because just this morning, I had a moment that further emphasized this for 00:14:25.160 |
me, which was there were these three little felt balls and my daughter was playing with 00:14:31.880 |
And she hands them to me and I start juggling them. 00:14:38.200 |
And I was just thinking, I guarantee and she's obviously too young to learn to juggle right 00:14:43.840 |
I'm sure there's some savant kid in the world who could juggle a two and a half, but that 00:14:50.320 |
But I was thinking, gosh, I bet if I went to her and was like, "Hey, let me teach you 00:14:55.240 |
She'd be like, "No, I don't want to teach you. 00:14:58.960 |
Like if you want your child to maybe do something that you do or learn something, letting them 00:15:04.360 |
emulate you and watch you and maybe admire and look up to it is probably going to be 00:15:08.040 |
a 10 times more effective habit or way to do it than trying to force them to learn this 00:15:14.640 |
That's why I bring my son with me in my garage gym so that he can watch me work out. 00:15:28.280 |
So the second question and the third, it's kind of a two way to be, but two and three 00:15:35.400 |
And the second question is basically what created energy for you during the course of 00:15:41.160 |
And this whole idea is to go back and look at your calendars. 00:15:43.960 |
You said you were already doing this for the first one, but go back and look at your calendars 00:15:47.420 |
from the year and try to identify the trends in what actually created energy in your life. 00:15:59.500 |
What were these trends that actually brought you energy? 00:16:04.360 |
And actually, I guess people listening to this are probably not going to pause and go 00:16:07.320 |
do one before finishing the episode, so they won't have this problem. 00:16:10.240 |
But I would definitely encourage people to listen to all of the... 00:16:13.520 |
Listen or read all of the topics in the personal review and then go back and look at your calendar. 00:16:18.240 |
Otherwise, you'd go back, learn a bunch of things you changed your mind on and then have 00:16:23.280 |
So this was really interesting because I think this past year was the first year that the 00:16:31.880 |
And I met a bunch of other people creating podcasts, YouTube, like all kinds of stuff. 00:16:37.020 |
And that's just never been a part of my career, right? 00:16:40.000 |
I met a lot of founders and investors and people in finance and financial advisors and 00:16:44.200 |
planners, but I'd never really met a lot of creators. 00:16:48.580 |
And that was one thing that gave me a lot of energy because it's just I'm... 00:16:53.460 |
This is my new job, but I just have never been in this industry. 00:16:57.860 |
And then going on adventures with my daughter, just me and her. 00:17:02.620 |
We have two now, but we would ride our bike, I'd put her in the back, we'd ride the bike, 00:17:10.420 |
we'd hop on Caltrain, we'd ride two stops on Caltrain, we'd get off, we'd go to the 00:17:15.540 |
donut shop, we'd buy a donut and then we'd bike back home. 00:17:22.880 |
I have a bunch of other ones, but those are two I'll share. 00:17:25.460 |
And then the question to ask yourself, by the way, after you identify those activities, 00:17:29.760 |
those people, the projects is really, did I spend enough time on those? 00:17:35.720 |
Was that like 2% of my time spent and I was actually just spending the rest of my time 00:17:41.160 |
Because that's a question that you then need to answer as you think about what your next 00:17:45.300 |
So for me, I probably have a somewhat similar one to you in that I get a ton of energy out 00:17:52.600 |
And that's writing for me is a huge one, conversations with smart, interesting people is another 00:18:00.040 |
And I had to find smart, interesting, extremely broadly, by the way, this isn't like talking 00:18:03.560 |
to successful people is what I get excited about. 00:18:06.080 |
I have fascinating conversations with Uber drivers, with people that are helping me with 00:18:11.540 |
Like I find that you can learn from almost anybody when you open up to it. 00:18:17.100 |
And I get a ton of energy from hearing different people's stories, different people's struggles. 00:18:21.120 |
It ends up inspiring a lot of the things that I end up writing about as well. 00:18:24.760 |
So that's a huge, huge energy creator for me. 00:18:27.080 |
And then the last one is sort of productive leisure as a category. 00:18:31.880 |
I think about it, walking is a huge one for me. 00:18:34.720 |
I probably averaged close to 20,000 steps a day in 2022, which was a huge number for 00:18:40.640 |
me relative to anything I'd done in the past, largely because my son would only sleep when 00:18:48.760 |
And I just found that I was getting so much creative energy from walking and being out 00:18:56.880 |
And to compliment that with what drained energy, I guess, is the next one, right? 00:19:03.240 |
As we said, when you look at your calendar, you're figuring out what were the things that 00:19:07.160 |
And then you're looking at the same time at what was the stuff that just drained me. 00:19:11.180 |
And for a lot of people, this tends to be stuff like back-to-back meetings, phone calls, 00:19:16.360 |
the meetings to talk about future meetings, processing email, doing things that are sort 00:19:22.960 |
of monotonous activities that happen to hijack your day a lot of the time. 00:19:27.460 |
So figuring out what those activities are, what the trends are in them, and then figuring 00:19:31.420 |
out if you allowed those to take over your entire day, or if you were able to sort of 00:19:37.080 |
manage the balance that has to naturally exist across the energy creators and energy drainers. 00:19:41.960 |
Funny enough, I think I took this in a slightly different perspective, which was it wasn't 00:19:49.120 |
There were two things that I put here that I'll share. 00:19:51.080 |
One was fitting our children into our old life. 00:19:55.600 |
So my wife and I probably clocked in four, five, six, seven trips a year when we were 00:20:04.000 |
kidless pre-pandemic, whether they were weekend trips, or drives, or international trip. 00:20:09.680 |
And I think we had a great time in December going to London and Paris with two kids. 00:20:14.880 |
But I think trying to fit two small kids into the type of trip we would normally take actually 00:20:22.800 |
And I think we probably would have been better off trying to think about the trip not from 00:20:26.640 |
a how do we get the best of both worlds, but how do we maybe have one trip a year where 00:20:32.020 |
we can get away on our own, and one trip where we're taking it in a way that doesn't require 00:20:38.480 |
as much effort and kind of burden, especially when kids are napping one, two, three times 00:20:44.960 |
It's just you're not going to have that same experience. 00:20:47.920 |
And the other one was social media, just feeling the need to put pressure to "Oh, I gotta post 00:20:56.960 |
I was like, I found the content area that I love right now, just recording a podcast, 00:21:04.240 |
But it drained me every time I was thinking, "Oh, how do I clip it to a short form video 00:21:09.160 |
And I think, we'll get to this later, because I have some other thoughts, but that was one 00:21:21.120 |
That one drains a lot of people, I think, in the creator ecosystem. 00:21:24.100 |
You can spread yourself way too thin across all of these different platforms and get a 00:21:28.600 |
lot of FOMO about like, "Oh, so-and-so is growing their podcast a lot by doing this, 00:21:36.840 |
And it just pulls you in that direction mentally, and the cognitive load ends up being just... 00:21:45.580 |
I mean, the biggest one for me is always calls and meetings. 00:21:52.920 |
And so my big takeaway was calls, like the get-to-know-you calls. 00:22:01.320 |
And my way to make sure that I still have those get-to-know-you things is doing them 00:22:08.520 |
And basically, I'm an open book of meeting people in person in New York. 00:22:13.320 |
And New York, fortunately, tends to be one of the places that basically everyone comes 00:22:19.120 |
And so if someone reaches out to me and they live in Vancouver and they want to get together, 00:22:24.120 |
and I'm not doing calls because I'm not going to do a get-to-know-you call, they tend to 00:22:28.040 |
be coming to New York at some point within the next six months, and we will get together 00:22:33.080 |
And it's been awesome so far since I started implementing the change. 00:22:36.800 |
Just the energy of meeting someone in person, the friendships that get formed, it's just 00:22:40.160 |
on a different level from the Zoom call that you end up leaving and saying, "Hey, we should 00:22:44.080 |
get drinks sometime," and you end up never connecting with the person in the future. 00:22:47.880 |
That for me is definitely number one going into this year. 00:22:51.880 |
Going into this year, the other thing I'm going to do on that point is just if someone 00:22:56.040 |
I'm just like, "Can we just do the phone call?" 00:23:01.600 |
I think that if this wasn't a video call, I feel like maybe we wouldn't connect as well. 00:23:06.120 |
But I'm not sure every call that everyone does... 00:23:09.360 |
When we had a quick conversation before this, we did it on the phone, and it was fine. 00:23:13.760 |
And you can do phone calls while walking, by the way. 00:23:15.880 |
A huge, huge unlock for me is just like, "I'll do phone calls while walking now when I need 00:23:22.240 |
It's really clear when you're walking that way. 00:23:23.600 |
And so unless you need to be in front of your computer for a specific reason, walking meetings 00:23:28.800 |
And if someone pushes back, if you want to prevent the pushback, they're like, "Hey, 00:23:34.320 |
I find that when I'm doing a call on my computer, I'm a bit more distracted because there's 00:23:38.680 |
So maybe we do a phone call, and I'll just go on a walk, and I'll be completely focused 00:23:44.240 |
You're like, "Do you want my attention or do you want part of it?" 00:23:48.880 |
Think about how many windows you typically have up during a typical Zoom call and how 00:23:52.280 |
often you're checking the notifications that pop up in the screen or looking at the internet 00:24:01.360 |
What or who were the boat anchors in my life? 00:24:06.840 |
And boat anchors is a term that I created, so I need to explain it. 00:24:11.840 |
As you would expect, it is the thing that is creating drag on your life. 00:24:15.760 |
So when I think about boat anchors, I typically think about them as people. 00:24:19.620 |
And these are the people that are trying to hold you back. 00:24:22.880 |
It's the people that sort of snicker or laugh when you tell them what your ambitions are. 00:24:27.960 |
It's the people who put down your accomplishments or try to say that they're not as impressive 00:24:33.800 |
It's also the people who are saying that about others when you're talking to them, and they're 00:24:37.800 |
putting down others just in the general context of conversation. 00:24:42.400 |
These are people that are literally placing a drag on your progress and holding you back 00:24:46.040 |
from achieving at the next level that you're trying to get to. 00:24:49.600 |
So identifying who they are, sitting down and reflecting on the relationships and the 00:24:53.980 |
things in your life that might be holding you back in that way is a huge, huge part 00:24:59.160 |
of this reflection process because developing a plan to start minimizing the impact that 00:25:04.000 |
those people have in your life is really key. 00:25:06.760 |
For the sake of not being boat anchors ourselves, I would say let's just skip through trying 00:25:11.720 |
to talk about who these are in our lives and not be negative. 00:25:21.200 |
We don't need to talk about who ours are, but we all have these people in our lives 00:25:24.020 |
and thinking about it clearly and sitting down and really reflecting on it. 00:25:28.040 |
And it doesn't have to be that you tell the person, "Hey, you're cut out of my life," 00:25:33.560 |
You can identify these people and just slowly kind of minimize their role within your ecosystem. 00:25:39.620 |
You don't need to hang out with them all the time, maybe. 00:25:41.840 |
You don't need to touch base with them quite as much as you did or tell them about the 00:25:44.760 |
things that you're working on or thinking about. 00:25:46.940 |
It's just figuring out a way to minimize the impact of their drag in your life. 00:25:51.900 |
Question five, what did I not do because of fear? 00:25:57.320 |
This goes back to Tim Ferriss who developed, I think it was in 4-Hour Workweek, the first 00:26:04.360 |
But then there's a very famous TED Talk where he talks about it, fear setting, which is 00:26:08.520 |
generally the idea that we allow our fears to distort our reality. 00:26:15.680 |
And we build them up in our minds as much worse than they really are. 00:26:18.520 |
And so, the concept of fear setting is to get much closer to your fears, to really deconstruct 00:26:23.200 |
them and figure out, "Were they as bad as I thought? 00:26:28.560 |
What's the upside if I actually go and do this?" 00:26:32.800 |
So, the whole idea is to go back and look at your year and figure out what did you actually 00:26:37.040 |
shy away from doing and then think about, "Okay, well, let me break that fear down. 00:26:43.340 |
Because at the time, you just passed on the opportunity due to that fear. 00:26:47.800 |
For me, this was just going full-time on all the hacks. 00:26:53.440 |
And it was so funny because a friend of mine, shout out to Ben who worked with me at Wealthfront, 00:27:01.400 |
Why aren't you going full-time on this project?" 00:27:04.480 |
And I was like, "Well, if I were giving my friend advice, I would tell them that they 00:27:10.200 |
I could use all the mindset tactics that I've learned from interviewing smart people where 00:27:17.280 |
Your friend says you should do it, then maybe you should take the advice." 00:27:20.640 |
And I was like, "Well, I would give everyone advice. 00:27:22.440 |
You're at this point where this is the time to capitalize." 00:27:26.640 |
Part of it was like, "Oh, maybe I'll wait till the end of the year. 00:27:30.240 |
And I'm on parental leave and all this stuff." 00:27:32.560 |
And I'm happy that I did it, but I spent a decent amount of time trying to figure out 00:27:40.360 |
And I think that was one that I just needed to break down and spend more time reflecting 00:27:48.240 |
The waiting for the perfect moment is the bias here that almost everyone has. 00:27:52.160 |
We tell ourselves we're going to do X at the perfect moment, and it's not the perfect moment 00:27:57.720 |
And the reality is it's never the perfect moment to make those big leaps and to do those 00:28:02.360 |
And so, sometimes -- I've written about this -- sometimes you literally just need to open 00:28:06.200 |
the door and jump out and hope the parachute was packed tight and just make that leap. 00:28:12.000 |
And so, deconstructing your fears and going through this exercise is really helpful. 00:28:15.600 |
I had the same one, by the way, when I was thinking about making the leap to full-time 00:28:22.240 |
So, in 2021, that was my thing that I held off on doing because of fear that ultimately 00:28:33.320 |
The other one is -- and I still have this fear -- so, when you have -- all of the businesses 00:28:39.920 |
I've run have been venture capital-backed businesses, where all the money you have as 00:28:49.360 |
So you're really, really motivated to spend it all to try to grow and build a really big 00:28:52.880 |
company because the benefits to you only come if that company really succeeds. 00:28:58.880 |
When you run a small business, which I'll call a podcast a small business, it's like 00:29:02.480 |
if that podcast makes money, you get the money. 00:29:06.280 |
That's how businesses that you own yourselves and you don't have investors work. 00:29:09.620 |
And so, one thing that I'm struggling with is to take that money and go reinvest it into 00:29:16.240 |
the business, if you will, hiring someone to help research or book guests or edit and 00:29:24.120 |
I've been able to chip away at smaller pieces. 00:29:27.040 |
But making a big investment is something that I haven't been able to do yet. 00:29:32.920 |
And I see all these stories of successful business owners, not the venture capital startup 00:29:40.960 |
And the overwhelming theme is that they all reinvested in their business to grow it. 00:29:50.360 |
But it's so hard when it's basically like reinvesting your own money. 00:29:55.080 |
And I think the mindset shift that I had that was so productive for savings, personal savings, 00:30:00.640 |
was that every dollar I earned, I just immediately shelved in my brain as if it was my savings. 00:30:06.800 |
So I know a lot of people, the way they budget is... 00:30:10.160 |
They spend their money, but maybe everything that's left over, they save. 00:30:13.640 |
Or they save $500 a month and everything else they can spend. 00:30:20.600 |
And I treated every single purchase as if I was saying, "Do I want to dip into my savings 00:30:26.720 |
Do I want to dip into my savings to have dinner out?" 00:30:29.540 |
That was my process, which made me incredibly frugal, probably not spend enough money and 00:30:35.000 |
Now I have that same thing applied to business where it's like, "Do I want to dip into my 00:30:45.640 |
So I did a structural thing from a business standpoint that might be useful for people 00:30:50.680 |
that has been a behavioral hack for me, which is I have an S-corp that's set up that has 00:30:56.120 |
all of my personal holding company entities running through it. 00:31:00.680 |
And all I do is with an S-corp, you have to pay yourself a salary, a reasonable salary 00:31:05.880 |
And so that reasonable salary is what covers all of our home expenses and our whole life 00:31:10.340 |
And so because of that, because it's two separate businesses, it runs from my S-corp that pays 00:31:15.620 |
a salary out to our personal joint bank account as a family. 00:31:19.060 |
I then just think of that S-corp bank account as it's the working cabinet, it's the business, 00:31:24.800 |
And so everything there in my mind is segmented as totally separate. 00:31:35.040 |
And that's been a hugely, hugely helpful behavioral hack for me overall. 00:31:41.280 |
I did my S-corp election at the end of the year. 00:31:44.960 |
So this is something that maybe will make it easier next year. 00:31:51.160 |
The salary thing definitely makes a big difference versus the LLC. 00:31:56.840 |
Greatest hits and worst misses from the year. 00:32:00.760 |
The reason for doing this one is because we are all swayed by our natural bias. 00:32:05.640 |
So an optimist will see all the hits from the year. 00:32:08.480 |
They'll look at their year and pat themselves on the back and say, "Wow, I had a great year. 00:32:13.560 |
And the pessimist stares at their year and says, "Oh my God, this was the worst. 00:32:20.880 |
Doing a actual explicit list of your hits and your misses forces you to sort of be balanced 00:32:26.140 |
and actually take a real look at the two sides of your life and success from a scoreboard 00:32:32.560 |
So writing them all down, I find, is hugely, hugely helpful. 00:32:39.480 |
I would say I skew towards being self-critical. 00:32:42.680 |
It probably comes from my athletic background. 00:32:46.740 |
Negative self-talk was always how I motivated myself athletically, which is a funny thing 00:32:50.980 |
to say these days because everyone is very big on positive self-talk. 00:32:54.160 |
I always motivated myself by telling myself it wasn't good enough or the things I was 00:32:59.800 |
As a result, if I sit down and think about my year, I tend to just glaze over the awesome 00:33:03.760 |
things that happened and think about, "Oh, well, this didn't work out," or "I failed 00:33:11.660 |
And so it helps for me to zoom out and actually think about the wins to balance all of that 00:33:17.220 |
When it comes to the future, I'm definitely in the optimist camp. 00:33:24.840 |
Kids are going to not even have jet lag when we travel." 00:33:27.380 |
I'm always the one like, "What's the brightest side of things?" 00:33:29.620 |
But when it comes to myself, I am always the person that's trying to find how to improve. 00:33:40.780 |
So if I'm cooking dinner for family and everyone's like, "This is great." 00:33:53.500 |
I know that I'm not a three Michelin star chef. 00:33:57.580 |
So telling me that this is fantastic, I want to know how to make it better. 00:34:03.340 |
Forward-looking, I'm much better at thinking optimistically. 00:34:07.260 |
On myself and reflection, I'm more like, "God, I could have done this better. 00:34:11.780 |
I definitely don't want honest feedback on my cooking from my family. 00:34:13.940 |
If I make steaks on the grill, I just want everyone to say, "These are amazing. 00:34:19.260 |
When everyone says, "These are amazing," around our table, I get so frustrated. 00:34:26.220 |
Well, you're going to end up accelerating as a chef and I'm going to stay at my low 00:34:31.060 |
I probably shouldn't focus on my cooking as much. 00:34:33.980 |
I'm clearly not going to have a profession in the culinary. 00:34:42.820 |
This is just the best place to wrap these up for me because it captures everything. 00:34:47.780 |
You just did all of these questions, you boil it all down and sit down and write down a 00:34:52.260 |
list of the things that you learned, how did you grow, how did you learn, and how did you 00:34:58.980 |
I always find this to be a great way to summarize the whole exercise and really have a set of 00:35:10.620 |
So I took it way too literally and I was like, "What did I learn?" 00:35:13.460 |
And I was like, "Oh, well, Nick Gray taught me how to throw a good cocktail party." 00:35:21.940 |
But what I didn't do was, what did I learn from going through questions one through six. 00:35:27.660 |
I didn't do the tie it all up in a bow summary version of number seven. 00:35:31.740 |
I did the, "Here are all the things I learned." 00:35:34.100 |
And I was like, "Wow, I could just go to every podcast because I learned a bunch of stuff 00:35:38.260 |
I just had this massive list of all these things I learned. 00:35:40.780 |
What would have been maybe more effective, which I will probably do this afternoon or 00:35:44.380 |
this evening, is like, "Let's take the previous six questions in this entire process and try 00:35:49.940 |
to put a bow on the whole thing and what I learned and what that means for life ahead." 00:35:57.380 |
I love the fact that you went and learned how to throw a good cocktail party from Nick 00:36:01.220 |
Gray who's awesome and best in class at throwing cocktail parties. 00:36:04.220 |
He threw an in-person event for Sam Parr and I that we hosted in New York this summer. 00:36:09.820 |
And I've never seen something so well-coordinated and organized. 00:36:19.620 |
So obviously, we're talking about reflection. 00:36:21.700 |
But I want to talk a little bit about the year ahead. 00:36:24.220 |
But I do want to ask, you mentioned very briefly at the beginning, things that made it easy 00:36:28.380 |
for you to go back, like journaling or sending yourself emails. 00:36:32.580 |
Are there things that people should be thinking about in the year ahead that will make this 00:36:37.180 |
process easier in the future, whether it's a monthly review or journaling, things like 00:36:43.060 |
I do a monthly review that I think is super important. 00:36:48.940 |
The biggest one for me is when you have a plan for the year, which all of us, if you're 00:36:53.380 |
listening to this podcast, you're probably a planner, you probably like to set your course 00:36:58.060 |
for the year at the beginning and figure out where you're heading, your North Star, if 00:37:02.300 |
But the biggest challenge with that is a year is just such a long time and changing. 00:37:07.140 |
You get the whole one in 60 rule that I think was in Atomic Habits is if you're off by one 00:37:13.460 |
degree you're heading, you're going to miss your target by a mile for every 60 miles flown. 00:37:22.460 |
So I sit down at the end of every month, and I try to ask myself a set of questions and 00:37:29.700 |
What were the really important things in my life? 00:37:33.300 |
Did I actually spend time on the really important things or was my attention grabbed elsewhere? 00:37:37.900 |
Are my daily systems, the things that I'm doing on a daily basis, actually in line and 00:37:42.020 |
aligned with what my long-term goals are, my midterm goals are? 00:37:45.820 |
So I do sit down at the end of every month and try to either, for me personally, I like 00:37:50.860 |
Some people like using Notion or some digital tool or sending themselves an email. 00:37:54.940 |
But for me, being able to have that then as a record that I can go back and look at, in 00:37:59.700 |
addition to anything else I've collected from the year, like calendars, et cetera, tends 00:38:06.180 |
You've published, I think, somewhere that monthly review process. 00:38:11.100 |
I released an annual planning guide after the annual review guide, which has my whole 00:38:16.380 |
kind of process for setting out the long-term goals. 00:38:19.580 |
I think about checkpoint goals that are in between the daily systems that come there, 00:38:26.420 |
We want to avoid the Pyrrhic victory, avoid winning the battle, but losing the war with 00:38:30.980 |
And then finally, how to think about tracking and adjusting, which is really that monthly 00:38:35.500 |
So I did have that out somewhere and people can find out. 00:38:41.740 |
And journaling is something that I haven't adopted as a habit, but it seems like the 00:38:44.460 |
data out there is like, it's a really good habit. 00:38:46.540 |
Like it seems like everybody should be doing it. 00:38:50.580 |
I mean, I spent five years, to be honest, like five years telling myself at the beginning 00:38:56.740 |
of every year that I was going to become a journaler because of the impact that it has 00:38:59.980 |
on your mental health and your ability to change course and reflect. 00:39:03.660 |
And literally, I would come into the year, every year I'd say I was going to do it. 00:39:07.660 |
I would set up this like complex journaling process with get these fancy notebooks and 00:39:12.540 |
these pens and all this stuff, because that's just how I'm wired. 00:39:15.900 |
And you know, set aside 30 minutes a night to sit down and reflect and do all this stuff. 00:39:20.500 |
And without fail, five days in, I would miss a day and then the whole thing would get derailed 00:39:25.780 |
and I wouldn't journal for the rest of the year. 00:39:27.620 |
And so I finally made progress and figured out a system that works by just simplifying 00:39:32.160 |
it to like a two minute process where I just do, I call it my one, one, one method. 00:39:38.780 |
So one thing that went well, that you did well, one point of tension, anxiety, stress, 00:39:44.180 |
like one thing that's just on your chest that you need to get off and get down on paper. 00:39:50.500 |
So one thing that you just, it can be as tiny as like a smell that you really enjoy during 00:39:54.940 |
the day, or it can be huge, you know, health of your family, whatever it might be. 00:39:59.140 |
But writing those three points down every single night, it has just been this enormous 00:40:04.820 |
And it's so simple that literally anyone can do it and you don't have an excuse not to, 00:40:08.980 |
because it can take one minute to go and sit down and write it. 00:40:12.020 |
And if you are struggling on one of those three things, do you sit there and think it 00:40:18.700 |
Or what advice would you give to someone who's like, "God, I just can't think of something." 00:40:22.500 |
I try to do it from like complete word dump mindset. 00:40:30.100 |
I want to just do the first thing that comes to my mind, the first win that I can think 00:40:34.500 |
It can be as simple as like, "I got up at the time I said I was going to get up." 00:40:37.740 |
Because it just gives you like a nice pat on the back where if you feel like you lost 00:40:40.700 |
the day, like you feel like you had a tough day, that first win that comes to your mind 00:40:44.340 |
and you can write it down, it's so impactful. 00:40:50.780 |
No one is ever going to be without one of those from a given day. 00:40:54.820 |
So it tends to be like either the win or the point of gratitude is tougher. 00:41:02.020 |
And so it's just like minimize what you think, like open up the aperture of what qualifies 00:41:08.980 |
Everyone thinks it has to be some amazing big thing, but it can be as tiny as, "I just 00:41:12.620 |
I got up out of bed when I thought I took a shower, you know, in the way that I wanted 00:41:18.060 |
Like the smallest little thing can count as a win in your life. 00:41:20.660 |
Last night, I had an apple instead of dessert. 00:41:29.100 |
It's that meme where you're like, "Ah, I felt like a hero." 00:41:31.820 |
And I recorded an episode yesterday with Jordan Schlane, who's a doctor and he's awesome. 00:41:37.700 |
So I think that episode will have already come out by the time people hear this. 00:41:40.340 |
So you'll know why I was so excited about eating an apple. 00:41:43.420 |
But that would have been my win if I had written that down. 00:41:47.860 |
Do you write it digitally or do you write it with a pen? 00:41:51.140 |
I just find the process of actually writing on paper to be pretty therapeutic. 00:41:58.260 |
When I tweeted this whole method out, I tweeted a picture of my journal and got dunked on 00:42:01.760 |
by a bunch of people for how bad my handwriting is. 00:42:08.220 |
But I know you wrote a post that I really liked or a newsletter, right? 00:42:14.620 |
If you want to consume it on Twitter, you can consume it here. 00:42:16.680 |
You want to consume it on Instagram, you can consume it here. 00:42:18.700 |
Or you can subscribe to the newsletter, which I do." 00:42:21.260 |
And one was about 23 things to take into 2023. 00:42:24.380 |
So I thought we would wrap this up and go through highlights. 00:42:32.540 |
But just a few of these things since you broke them down into categories, what do you think? 00:42:39.220 |
Well, the first one connects directly to the annual review. 00:42:41.620 |
So I think it's a great one to start on because it'll help people as they think about this 00:42:48.740 |
And as it sounds like something from like Sedona, Arizona with crystals in the room, 00:42:57.660 |
Everyone should go there at some point in their life. 00:42:59.580 |
The energy calendar technique is basically a simple color coding strategy to figure out 00:43:04.740 |
over the course of a week or two, what it is in your life that's creating energy and 00:43:09.780 |
So the way I do it is take a week when you're going to do this, go through a workday at 00:43:14.780 |
the end of the day, look at your calendar and make changes to the color of the things 00:43:19.780 |
on your calendar based on what created energy, what was sort of neutral and what drained 00:43:23.920 |
energy from you and literally go change the color of those things on the day that just 00:43:28.660 |
So if something created energy, you mark it as green. 00:43:32.300 |
And if it drained energy, you mark it as red. 00:43:34.560 |
Do that every single day for a week, maybe two weeks, and then go back and look at it. 00:43:39.580 |
And you'll immediately be able to viscerally very clearly identify trends in what created 00:43:45.820 |
energy in your life, which you need to amplify and try to spend more time on what was neutral, 00:43:51.100 |
which you can kind of continue to leave or potentially try to delegate. 00:43:55.160 |
And then what was draining energy from your life. 00:43:57.840 |
And with those, the whole idea is to start slowly working your way towards being able 00:44:04.420 |
Yeah, the one thing that I'm going to try with this is there's times, especially when 00:44:09.580 |
you're working on your own schedule like I am where I'll be doing something, but I didn't 00:44:14.060 |
I'm not as good as others at time blocking the whole perfect day. 00:44:17.780 |
But at the end of the day, it'd be really easy for me to be like, "Oh, for this hour, 00:44:22.540 |
So if you do it at the end of the day, it could be really quick. 00:44:25.740 |
So I'm going to go in back and also add other things because... 00:44:31.020 |
I think time boxing is near a all who is amazing and I think it's a great technique for a lot 00:44:37.580 |
I really struggle with having every minute of my calendar filled just optically. 00:44:42.820 |
Even if a block literally says, "Go on a walk with your son," it's intimidating to me to 00:44:47.820 |
see at the beginning of the day every minute filled. 00:44:53.860 |
I'll go back and say like, "Oh, I did this piece of research here. 00:44:58.300 |
Well, speaking of walks, let's talk about taking breaks because I know that was in there 00:45:02.860 |
I mean, this is all about attention residue, which is a concept that I think one of your 00:45:06.740 |
prior guests, Cal Newport, has written about in the past that I've become somewhat obsessed 00:45:12.340 |
Generally, just this idea that we're always context switching because of the world that 00:45:19.460 |
So you'll be working on something and then you decide to check your email. 00:45:22.660 |
And when you check your email, there's this tiny cognitive load that is now stuck in that 00:45:32.340 |
You're literally just like leaving your kind of mental capacity in all of these different 00:45:36.820 |
places in your messages, in your emails, etc. 00:45:39.020 |
And so then when you're going back and working on the really important thing, you're operating 00:45:42.580 |
at like 60% of what your optimal mental capacity is. 00:45:46.020 |
And obviously, as a result, your work is going to suffer. 00:45:48.560 |
So this whole idea is we need to minimize the impact of attention residue. 00:45:53.620 |
Attention residue is that actual scientific side of that when that happens and your attention 00:46:00.780 |
And taking breaks is really a key way to get around this. 00:46:04.580 |
And so the biggest way that I think most people can put this into their schedule and into 00:46:09.640 |
their lives is schedule 25-minute meetings instead of 30-minute meetings. 00:46:16.360 |
Rather than having the context switch that comes from having back-to-back meetings that 00:46:20.760 |
are just pushing you from one thing to the next, when your mind is still in the prior 00:46:24.160 |
meeting while you're in the new one, or your mind's on the next meeting while you're in 00:46:27.000 |
this one, you create an actual separation window. 00:46:36.720 |
And by the way, if anyone doesn't know this, it's a setting in Google Calendar to turn 00:46:40.720 |
on speedy meetings, which takes 30-minute meetings, makes them 25, takes hour meetings, 00:46:45.920 |
So you don't even have to work hard to do it. 00:46:50.380 |
And then when you drag an hour-long meeting, it auto readjusts to 50 minutes. 00:46:57.880 |
And then I think this pairs well with your number seven about batching email into Windows 00:47:04.720 |
Yeah, this one has been a huge, huge push for me personally, which is I just found myself 00:47:11.480 |
constantly checking emails and texts throughout the entire day. 00:47:15.200 |
And so when I started really focusing on minimizing attention residue, I thought about what's 00:47:19.040 |
the best way for me to minimize the impact that that has. 00:47:22.680 |
And what I did was I just set a one-hour block late in the day, which was when I was going 00:47:28.600 |
And initially, I definitely wasn't perfect about it. 00:47:32.320 |
I will still pop it open because I have the finance gene in me where I feel like I need 00:47:39.020 |
But having a window of discrete time when you're actually going to process those emails 00:47:42.880 |
allows you to minimize how it impacts the other parts of your day. 00:47:46.880 |
And then also, you really focus on the emails and you think clearly about the things and 00:47:50.720 |
the questions people are asking when you're working on them because that becomes the core 00:47:54.400 |
thing that you're doing during that time, rather than it being just a little distraction 00:47:58.920 |
and you're trying to process it as quickly as you can between meetings. 00:48:04.680 |
It just depends on what your career track is and what you're working on to think about 00:48:09.800 |
how many of those windows there need to be, how long they have to be. 00:48:12.880 |
If you work in professional services, if you're a lawyer, if you're an investment banker, 00:48:16.040 |
if you're a consultant, it's rich for you to think that you can have a one-hour window 00:48:24.600 |
Now, can you have three of those windows during the day and get away with it? 00:48:29.800 |
You could probably have one early in the day, one around lunchtime, and one in the evening 00:48:32.920 |
and be in a good spot where you're still getting those periods of deep work when you can really 00:48:38.340 |
But then you also have those fixed times where you're processing and moving through stuff. 00:48:42.000 |
So I think there's a happy medium for everyone to find that'll really optimize this. 00:48:47.600 |
And I don't know the science behind this, but my gut would say that part of the reason 00:48:51.500 |
we love checking our emails is because every time something comes in, it's like someone's 00:48:55.840 |
There's this dopamine hit of seeing this thing. 00:48:58.160 |
I can say that when you start batching your emails, you just increase the likelihood that 00:49:02.640 |
some interesting thing is going to be there every single time you check your email. 00:49:07.200 |
So at the end of this recording, I'm going to go check my email and I'm going to be excited 00:49:11.760 |
because I know that there's actually something interesting. 00:49:14.360 |
Whereas, when you're in the habit of checking your email all the time, 90% of those times, 00:49:24.120 |
But now, when I batch my emails, every time I check my email, if it's only two or three 00:49:27.800 |
times a day, there's usually something valuable and interesting in there. 00:49:32.400 |
I actually get a lot of satisfaction when I've gone without email for a little while. 00:49:35.680 |
I get that dopamine hit of like, "Oh, there's one great thing every time." 00:49:43.880 |
I'm trying to avoid the stressful thing that's coming into my inbox. 00:49:50.320 |
And by the way, doing the same thing with messages has been a great change for me with 00:49:54.880 |
text messages because it's the same exact impact and you're checking text throughout 00:50:00.060 |
My goal for 2023 is to try to do this with social media because popping open Twitter 00:50:04.860 |
once an hour and looking at things and doom scrolling and seeing what notifications or 00:50:09.920 |
who's yelling at you or sending you mean DMs, just like super, super counterproductive for 00:50:15.380 |
Yeah, for Twitter, one thing I've done is just relentlessly unfollow. 00:50:21.740 |
You don't even have to unfollow, but I think you can mute a person. 00:50:24.420 |
So you can still DM them, but you don't have to see their tweets. 00:50:26.660 |
To the point that there's just not that many people in your feed. 00:50:29.900 |
So your feed is something you can manage and actually maybe complete in the day. 00:50:34.460 |
Did you turn to the latest tweet setting or are you still on? 00:50:38.220 |
Because now that they've changed the algorithm, the home feed is pretty... 00:50:42.060 |
It's tons of stuff of people you don't follow. 00:50:44.820 |
I still use Tweetbot because I don't like that in the Twitter app and I don't like seeing 00:50:52.420 |
So I still use Tweetbot as my main Twitter app. 00:50:57.100 |
It's delayed on getting notifications from DMs. 00:50:59.820 |
But throughout this conversation, I'm wondering if maybe that's a good thing. 00:51:04.380 |
So I would love to see the Twitter app be something that I could use more regularly, 00:51:14.340 |
You go to the little star icon in the top right of your Twitter thing and just change 00:51:17.820 |
it to latest tweets rather than doing the home. 00:51:21.500 |
And it means that it just does it in chronological order and it's basically only people you follow. 00:51:28.660 |
You don't have all the stuff that Twitter is serving up to you. 00:51:35.900 |
I literally just checked this because I had my Mac OS Twitter app was on latest, but my 00:51:48.060 |
Since I only follow a handful of people and they're like news sources and people... 00:51:52.700 |
I go on my computer and it's like there are 12 unread tweets. 00:51:56.220 |
And then when I go to my phone, it jumps right to that same spot in the feed. 00:51:59.480 |
But hopefully, Twitter can get their act together. 00:52:04.300 |
So I guess by the end of this, it might be 26 things or 27 things to take into 2023, 00:52:09.500 |
is from my reflections, which is just learn to outsource tasks to increase the ROI of 00:52:15.100 |
And I will say, depending on what industry you work in, this may or may not be allowed. 00:52:21.020 |
If you work for yourself, you have a lot more flexibility. 00:52:23.660 |
But there are certainly tasks during the day that I'm sure someone else could do and give 00:52:27.740 |
you more time to spend on the things that are the most high ROI for your time. 00:52:33.140 |
And especially if your company would support you, maybe hiring a virtual assistant to help 00:52:38.180 |
I've seen a handful of examples of people, especially in sales, where they were able 00:52:44.260 |
Their company wasn't going to give them the budget. 00:52:45.940 |
So they just personally freelance hired people and convinced the company that they should 00:52:50.340 |
have the budget to bring this person on so that they could spend their time closing the 00:52:54.100 |
deals and drive up the actual output they got. 00:52:57.500 |
Their salary went up, even net of what they had to pay out. 00:53:01.020 |
So I think there are a lot of opportunities to outsource, to optimize where you spend 00:53:13.760 |
Well, there's a couple in here that are my go-to. 00:53:16.420 |
So the first one is something that I started doing in college, which I guess I will loosely 00:53:23.940 |
And the reason I will loosely call it that is because someone else called it that. 00:53:27.500 |
I put it in this like life hacks document that I did maybe six months ago. 00:53:31.340 |
And then someone wrote a Twitter thread on it without citing me actually, because they 00:53:36.220 |
thought that it was like a well-known method. 00:53:39.180 |
And it was literally just something that I created and started doing in college that 00:53:43.940 |
So it's pretty funny to me that it now has a name. 00:53:46.780 |
But basically this is as soon as you wake up and get out of bed, you do five squats, 00:53:52.540 |
five lunges per leg, five pushups, and a 30 second plank. 00:53:57.180 |
And all this does is just immediately sparks your energy and metabolism to start the day. 00:54:05.140 |
It's not like you're saying, "Oh, I'm going to do a hundred pushups as soon as I get out 00:54:08.420 |
It's a low enough amount that it's not intimidating and you can force yourself to just quickly 00:54:13.340 |
You can do it while your coffee is getting made or literally right as soon as you get 00:54:17.520 |
But it gives you this huge energy boost to start the day. 00:54:21.820 |
I started doing it because we had these early morning baseball practices in college. 00:54:26.260 |
And it's just a habit that's now stuck with me throughout my life. 00:54:31.500 |
I think there are a few things in your health list that are morning routine. 00:54:40.820 |
So as soon as I wake up, I drink a whole ton of water. 00:54:43.380 |
I do the 5-5-5-30 really quickly, just like on the floor on the side, trying to stay quiet 00:54:56.380 |
I got the cold plunge in July of 2022 and have done every single day since, three to 00:55:01.980 |
seven minutes in it every morning at 39 degrees. 00:55:05.220 |
And that's been probably the biggest impact in my life of a single thing that I've added 00:55:15.060 |
I've experienced just a massive set of benefits in terms of energy and in terms of the dopamine 00:55:20.500 |
rush that I get from it, the surge that just lasts for hours, that just makes me feel super 00:55:29.740 |
We've just created a space in our home where a cold plunge will one day go. 00:55:34.380 |
I don't know enough of the science to say like the brown fat and the metabolism and 00:55:41.380 |
Dr. Huberman has talked about it, I think, on an episode that shows all of these great 00:55:46.980 |
But if nothing else other than the dopamine rush and the feeling of doing something hard 00:55:52.260 |
that makes the rest of the day feel easier, it would be worth it to me. 00:56:01.580 |
I mean, this is with my son now, which is even better on all of this. 00:56:05.380 |
But waking up in the morning, doing those things, and then just going out and getting 00:56:10.420 |
Again, this goes back to a thing that Dr. Huberman has talked about a lot, the impact 00:56:15.740 |
And that can be on a cloudy day, you just have to stay out longer, there still is sun. 00:56:20.540 |
But having that, just being able to breathe, not having your phone on you so that you're 00:56:25.500 |
not looking and checking messages, checking email, checking social media, et cetera, is 00:56:30.900 |
a great, great way to start your day, set your body in the right direction, it improves 00:56:34.940 |
your mood, it improves your sleep the next night, a whole host of health benefits. 00:56:40.300 |
But for me personally, just from a cognitive standpoint, to start my day with a feeling 00:56:44.040 |
of breathing and creativity has been a great, great habit. 00:56:49.220 |
I'm going to add a couple, I'll do them quick, because they're actually four. 00:56:52.900 |
And most of them came from this conversation I had about health a couple weeks ago. 00:56:56.740 |
Technically, I had a day ago, but by the time you're listening to this, it'll be a couple 00:57:00.940 |
So one, we talked about how one of the most valuable things you could do is just time 00:57:06.100 |
So you call it intermittent fasting, you can call it whatever you want, but just keeping 00:57:13.180 |
That's something that I think I had done for a while, took a pause in the holidays, and 00:57:20.960 |
Another is we talked about Jordan, who I spoke with was like one of his kind of diagnostic 00:57:26.540 |
things is going through who are you and just collecting the basic data and diagnostics 00:57:32.300 |
So I'm gonna encourage a lot of people who haven't done this to consider it, which is 00:57:36.300 |
just like, go check your basic, get your basic metabolic panel, like your blood work done. 00:57:42.420 |
I know a lot of us when we're young, we're like, "Oh, you know, everything seems fine." 00:57:46.740 |
But try to figure out is there an area you need to work on. 00:57:52.540 |
But for everyone else, it could be different. 00:57:54.820 |
There are some great companies that can support that, by the way. 00:57:58.780 |
I'm not affiliated with any, but I've used InsideTracker in the past. 00:58:02.520 |
It's relatively pricey, but it's an incredible experience and they have a great kind of dashboard 00:58:07.220 |
that allows you to track it over time as well. 00:58:15.660 |
Another one he pointed out was stop using alarms. 00:58:19.280 |
And this will be an interesting one to hear your reaction to, because I know you wake 00:58:22.580 |
And he said, switch from a wake up alarm to a bedtime alarm. 00:58:26.260 |
Once you learn how much sleep your body needs to naturally wake up, then instead of setting 00:58:30.660 |
your alarm for 5am, which I think is something you do, figure out how much sleep you need 00:58:36.780 |
Because there's just so much magic that happens while you're asleep, that interrupting that 00:58:44.740 |
And if you could force that to be different, that's better. 00:58:47.420 |
So I actually don't use an alarm in the morning because I've gotten pretty good at waking 00:58:52.020 |
up naturally around the same time, as long as I go to bed at the right time. 00:59:02.340 |
I originally needed them because I just wasn't sleeping enough and so I just needed to get 00:59:07.020 |
When I was working in finance in my early days, I was getting up at like 3.45, going 00:59:11.580 |
I just wasn't sleeping enough for like a period of six years. 00:59:13.940 |
I've recently, over the last year and a half, started taking sleep very seriously. 00:59:19.540 |
I'm asleep by 8.30 and I'm up by between 4 and 5, depending on the day. 00:59:25.380 |
And I get my seven to eight hours and I feel great and I wake up and I don't have an issue 00:59:32.780 |
And then the last was along the lines of that apple, which is I'm going to really try in 00:59:38.020 |
I had this negative impression of fruit my whole last few years. 00:59:47.620 |
If I'm going to have sugar, why not eat a cookie?" 00:59:53.500 |
And we finally dug into the science behind it. 00:59:56.420 |
And it's like, fruit is actually pretty good. 00:59:57.940 |
There are some fruits that are not as good as others. 01:00:00.220 |
I think mango, especially when it's dried or in juice form, is maybe more like a soft 01:00:07.860 |
But I'm going to try as part of this cholesterol plan to replace dessert with fruit and dark 01:00:15.300 |
I think it's a great approach, by the way, for limiting calories. 01:00:18.620 |
You get the sweetness hit, but you don't have the negative impact. 01:00:23.700 |
And the amount of fiber in an apple, you just can't have five apples. 01:00:26.700 |
I can tell everyone listening from experience, you can have five cookies. 01:00:34.580 |
And by the way, this all goes to one of my health hacks, which is to just do all of your 01:00:38.620 |
shopping on the outer perimeter of the grocery store. 01:00:41.660 |
If you just do that, you will immediately get healthier, lose weight, be in better shape, 01:00:47.980 |
Because all of the good stuff is on the outer aisles and all the bad stuff is on the inner 01:00:52.940 |
Fun, fun, financial, psychological money hack that I learned in an episode a long time ago 01:00:59.260 |
is that if you walk the grocery store in the reverse order, on average, people save... 01:01:11.620 |
You think it's like, "Oh, they managed to put this thing on this aisle." 01:01:15.140 |
They very meticulously engineered every aspect of your grocery store for you to spend the 01:01:21.700 |
And just by going to the back and working your way around the other way, you will avoid 01:01:26.180 |
certain marketing things, certain various elements that are trying to get you to spend. 01:01:33.180 |
Ikea has that maze that you have to go through at the end that is so perfectly engineered 01:01:43.340 |
I remember one time we were like, "We just need to find an accent chair." 01:01:44.940 |
And I was like, "It is so hard to get to anywhere in Ikea without following the map." 01:01:51.500 |
There's a couple of hidden doors where you're like, "Can I go through this? 01:01:56.620 |
So that's health, which is something I think we're going to do a few more... 01:01:59.060 |
Jordan and I actually talked about doing some follow-up episodes. 01:02:01.260 |
So I want to get more serious on that this year. 01:02:03.740 |
I'm excited for Peter Attia's book, Outlive, coming out later this year. 01:02:06.900 |
Alright, let's talk about personal before we wrap and money. 01:02:10.540 |
Again, going back to one of your prior guests, Cal Newport. 01:02:17.260 |
He had a blog piece about a shutdown ritual or something like that. 01:02:21.940 |
I call it a power down ritual, but basically creating a very fixed separation between your 01:02:26.740 |
professional life and your personal life is something that you can do that immediately 01:02:31.220 |
improves your mental health and has definitely had an impact on my life. 01:02:34.880 |
This is like establishing a sequence of events that you do at the end of your day that mentally 01:02:44.840 |
So it might be like checking messages for the last time and firing off any last emails 01:02:48.900 |
that you need to set, might be doing the little bit of prep for your next morning's work to 01:02:53.300 |
kind of set yourself up to hit the ground running, it might be checking Slack, whatever 01:02:57.780 |
it is, you kind of do this one set sequence of a couple of events. 01:03:01.740 |
And then in Cal's original blog piece, he actually advocated saying something out loud, 01:03:06.980 |
like having kind of like a nerdy, actual shutdown sequence initiated thing that triggers in 01:03:15.060 |
And the whole goal is that once you do this shutdown sequence, you're off, you're not 01:03:19.100 |
checking email, you're not going and looking at things. 01:03:23.780 |
And it's just a really, really helpful practice, especially in this hybrid and remote work 01:03:28.220 |
world that we're living in where it's so easy to let professional and personal blur. 01:03:32.660 |
I don't have a ritual yet, but I've started to get and I think people learn this when 01:03:37.180 |
It's like you want to have your quality family time because you're working during the day. 01:03:40.880 |
You kind of have to do this, but I don't have a ritual and I feel like I'm going to bring 01:03:46.140 |
Two more for you really quick on the personal side. 01:03:48.660 |
If you're in a relationship, tell your partner one thing you appreciate about them every 01:03:56.220 |
It can be like, I appreciate how you picked up that one thing or how you let me know about 01:04:01.940 |
Just tell them one small thing because as relationships go on, it's really easy to just 01:04:06.540 |
not think about all the good and to just have the stressful or the tension or the anxiety 01:04:14.180 |
And doing this every night has had a really, really positive impact on my wife and my relationship. 01:04:19.380 |
And then the last one, take yourself out for more meals alone. 01:04:23.260 |
I do this once a month without fail, either a lunch or a dinner dinner, preferably, although 01:04:29.380 |
it probably doesn't happen quite as often now with the little guy. 01:04:34.660 |
It can be your favorite place or it can be a new place. 01:04:37.700 |
Don't bring any technology or just keep it in your pocket, put it on airplane mode. 01:04:42.280 |
You can bring a notebook if you want to journal and write things, but just sit by yourself 01:04:46.620 |
and allow yourself to be bored and just observe the world around you and have a nice meal 01:04:53.400 |
Huge, huge unlock that not enough people are doing. 01:04:56.980 |
I'll share one that's similar for people with family. 01:05:00.380 |
And if the theme of yours was you don't always have to eat with your partner or with 01:05:07.140 |
Mine is you don't always have to spend all of your family time with all of your family. 01:05:11.460 |
And so you you mentioned you take walks with your son. 01:05:14.260 |
I think that it's important to have quality time as a family. 01:05:17.820 |
And it's also important to have quality time with people in your family together without 01:05:24.380 |
I would say encourage people to find a way to get childcare, to go on a date, even if 01:05:28.660 |
it's a lunch date while you have, you know, in the middle of the day or dinner or something. 01:05:33.060 |
And then also with your kids alone, like I take my daughter on an adventure. 01:05:36.780 |
So my wife and I are talking about what we want to do with our family in the future and 01:05:41.060 |
taking a trip with each kid, you know, without the other kid is something we want to do. 01:05:47.160 |
And spending time with, you know, one on lots of different like one on one stuff is also 01:05:59.260 |
First one is automate a direct deposit into an investment account that you basically never 01:06:06.980 |
This is just like an absolute financial no brainer. 01:06:12.380 |
Just set some low number that feels not super stressful to you that automatically goes out 01:06:17.700 |
in a direct deposit into this investment account every single month. 01:06:23.100 |
Number two, automate all the simple financial tasks in your life. 01:06:27.140 |
I used to be a type of person that would just check all of my different bills and look at 01:06:32.360 |
all the numbers and pay them all manually because I figured someone was going to be 01:06:37.220 |
It never once happened, and I was just wasting a whole bunch of mental energy by going and 01:06:42.740 |
So automating all of your bill payment, credit cards, investing, etc. 01:06:47.500 |
Anything that's pulling your mind away from things that really matter is easily automatable. 01:06:53.980 |
And then the last one for me is this rule I have around material purchases, which is 01:07:02.080 |
Like a 48-hour rule about material purchases, which means if you put something in a shopping 01:07:07.460 |
cart, walk away, and 48 hours later, come back. 01:07:10.880 |
If you still want the thing, buy it, and there's no issue with that. 01:07:14.620 |
But most of the time, you're going to realize that the material purchase that you'd put 01:07:17.800 |
in your shopping cart 48 hours later, you've thought about it, and you don't go buy. 01:07:21.560 |
So it's a behavioral hack for avoiding the unnecessary purchases that we don't really 01:07:27.080 |
And if you can invest that money instead, even better. 01:07:31.000 |
I do both the first thing and the second thing. 01:07:35.800 |
I'm not as diligent about putting in your shopping cart. 01:07:38.680 |
But I will add mine, which is everyone knows that's listening to this show that has in 01:07:43.360 |
When you're about to check out, it's like, "Go find all the ways you can save money for 01:07:47.120 |
Ask LiveChat for the discount, use Rakuten or some other platform to get cash back. 01:07:52.840 |
See if you could buy gift cards at a discount. 01:08:07.100 |
One is if you're not already tracking and organizing something in an automated way, 01:08:18.600 |
They have a free way that you can link all of your accounts, see your net worth all in 01:08:23.100 |
I also use a product called Kubera, which is I would say like, if you want the free 01:08:29.400 |
If you want the full bells and whistles pro version, I think Kubera is best in class. 01:08:35.380 |
It tracks all of your accounts across all places. 01:08:39.300 |
It works well with everything from manual assets to crypto to real estate and everything. 01:08:48.160 |
And I use Trustworthy for managing all of life's stuff. 01:08:53.220 |
So where are our old tax returns, where are all of our COVID vaccine cards, our social 01:09:01.700 |
They've built like the family operating system. 01:09:06.340 |
But when you just think about the overhead you have of trying to manage and find and 01:09:10.360 |
store all of this stuff, it's just not worth it for me. 01:09:14.300 |
So those are 2 things to just set up some organization for where's your money, what's 01:09:19.300 |
your net worth, where are all your accounts, all that. 01:09:22.100 |
And then the other is for 2023, I'd encourage everyone to knock off... 01:09:27.460 |
This is mostly for people with kids, but knock off the 2 big tasks that every single parent 01:09:32.200 |
I know punts on, which is setting up a will or a trust or something like that, and setting 01:09:39.360 |
If those 2 things are things that have been bogging you down, go get them done in 2023 01:09:50.140 |
That's my recommendation for 2 things on the money side to bring into the year. 01:10:04.220 |
Because I think it's derived from the God of Wealth. 01:10:21.900 |
And I think by the time this episode comes out, they will be a partner of the show and 01:10:26.220 |
If not, go to allthehacks.com/deals and it should be there. 01:10:34.460 |
I think that's it for now, actually, because you've written all these amazing posts. 01:10:37.900 |
One on razors, paradoxes, and I was like, "We should go through all this." 01:10:40.500 |
And I was trying to plan for this episode, and I'm really glad we didn't try to fit 01:10:45.540 |
Because it would have just been one of those run through everything, no depth, no value. 01:10:49.180 |
So I think we got to have you back on and we can run through a few of the other things 01:10:52.980 |
you've written about that I think would be really valuable to talk through. 01:10:58.100 |
It was really fun getting to actually talk through this live. 01:11:00.780 |
So I'm excited to get everyone's feedback and hopefully, people come away with a few 01:11:07.580 |
One thing that I like to ask everyone, which I paused in the last interview, I don't know 01:11:11.340 |
why I forgot, was is there a place, whether it's where you're from, where you travel a 01:11:16.500 |
lot that you know a lot about that if you were sending or if someone were going to for 01:11:20.660 |
a day, you'd tell them, "Here's a place to eat, here's a place to have a drink, or here's 01:11:27.180 |
So in Bangalore, India, which is where my mother's from, that I've spent a ton of time 01:11:31.220 |
in over the years, there is an amazing restaurant at this pretty old hotel, which is now called 01:11:38.700 |
The restaurant is called the Royal Afghan, and it is my favorite meal in the entire world. 01:11:45.140 |
The best naan that I've ever, ever had, and they have a dish called Dal Bukhara that is 01:11:52.540 |
So that would be mine, the Royal Afghan in Bangalore, India. 01:11:57.020 |
If someone's going all the way to India, they're going to the Royal Afghan, how should they 01:12:02.820 |
If you've never been to India, it is an unbelievable and very, very different experience. 01:12:09.900 |
It is a very distinct smell when you get off the plane in India. 01:12:12.620 |
Well, I'll add one extra Bangalore recommendation, which is not actually in Bangalore, but if 01:12:17.100 |
you like to rock climb, hop on the train, which is a whole nother experience, and head 01:12:21.300 |
to Hampi, which is a really cool place for like a ridiculous amount of outdoor bouldering. 01:12:28.980 |
I'm going at the end of this month, though, so maybe I'll have to go do that. 01:12:36.740 |
So it's like a backpackery rock climbing town. 01:12:39.920 |
Like that is what the town is known for, at least for tourism. 01:12:44.980 |
I'm just going to stick to doing the commercial stuff. 01:12:53.840 |
Where can people sign up for the newsletter, follow you and stay on top of everything you're 01:12:59.140 |
I mean, you can find me obviously on Twitter, Sawhill Bloom. 01:13:03.020 |
And then my website is sawhillbloom.com and you can find my newsletter there. 01:13:10.300 |
Thank you so much for being here and we'll have you back soon.