joshuaselfeducationplan
00:00:00.000 | - Big Boyz Comedy Kings is coming to Yamaha Resort and Casino
00:00:03.200 | Saturday, December 9th with D.L. Hughley.
00:00:05.840 | - That sweater so tight, it look like a snap between the legs.
00:00:08.240 | - Cedric the Entertainer.
00:00:09.540 | - Once we stop running, I'll find out what it was we was running about.
00:00:13.080 | - And Paul Rodriguez.
00:00:14.340 | - What is it about old Mexican men?
00:00:15.980 | They could be missing a leg, they still want to get into a fight.
00:00:18.480 | - Hosted by my man Eric Blake and a special performance by Mario.
00:00:21.880 | Big Boyz Comedy Kings, December 9th at Yamaha Resort and Casino.
00:00:25.320 | Tickets can be purchased at AXS.com.
00:00:27.920 | This is a 21 and over event.
00:00:30.260 | - Anarchy and Yaks?
00:00:32.560 | - Who does he think he is?
00:00:35.500 | - Get off the couch.
00:00:38.840 | - With tasty philosophy and deep Yaks, this is Nick Hazelton with the Narco-Yakitalist.
00:00:45.880 | ♪ [music] ♪
00:00:53.880 | - Hey there, guys. This is Nick Hazleton, the Narco-Yakitalist with the 62nd episode
00:00:59.260 | of Narco-Yakitalism. You guys will like what I've got today.
00:01:03.800 | This guy is great. I really dig Bash in school. Wax and philosophy is fun too,
00:01:09.240 | but nothing gets me fired up more than somebody talking about how to run a
00:01:12.920 | business. So without further ado, here it is.
00:01:17.080 | Joshua Sheets back on. I'm super excited. I had Joshua on to talk about how to...
00:01:24.760 | I think it was...basically, the show was how to get rich as a young person.
00:01:28.800 | And it was an awesome show. I think it was one of the best, if not the best shows I've
00:01:34.240 | put out. And that was a while ago. So I'm really happy to have you back.
00:01:39.280 | How are you doing?
00:01:39.920 | - Yeah, I'm good. And I'm glad to be back. And I'm more glad that you've actually done
00:01:42.880 | it. I think it's what we talked about at that. In and of itself, automatically,
00:01:46.720 | it takes you out of the bottom 80% and moves you into the top 20% because the vast
00:01:50.240 | majority of people listen to a tremendous amount of advice and do nothing.
00:01:55.960 | So I'm glad to see you following through. That was the only reason I was willing
00:01:58.280 | to come back.
00:01:58.800 | - Well, I appreciate that. And I didn't mention this, but you're from the...you run
00:02:05.440 | and host the Radical Personal Finance Podcast, right?
00:02:08.600 | - Absolutely. Yeah.
00:02:09.920 | - So you have some ethos to speak on when we talk about finances.
00:02:14.920 | - It's kind of been a long-time hobby and a long-time profession as well. So hopefully,
00:02:19.560 | at this point, I have some ideas that can be useful to people. If not,
00:02:23.600 | then I don't know what I'm doing. If the amount of time that I've spent studying
00:02:27.040 | and thinking about these things can't be useful to some people, then I've done
00:02:30.040 | something drastically wrong. But the audience says that the content is useful,
00:02:33.880 | so I'm glad to have it.
00:02:35.520 | - Yeah. Well, I love it. I love your show. I haven't listened in a little while,
00:02:40.520 | but I always...when I listen to any of your shows, I'm like, "Yes, this is great."
00:02:45.160 | Even if it's about retirement and I don't need to think about that for another 50
00:02:48.080 | years, I still do. So I appreciate what you're doing, and I appreciate you coming
00:02:52.280 | on to talk about my self-education plan.
00:02:54.640 | - Yeah. One of the keys to any kind of life success is having a long time horizon,
00:02:59.800 | thinking far in advance. And it's a big difference between even the classes.
00:03:04.720 | You can segregate in our modern society, you can segregate people based upon lower
00:03:09.040 | class, middle class, and upper class based upon their length of time horizon.
00:03:13.360 | The upper class people are planning generations in advance. Just think of the
00:03:17.800 | people who rule the world. They've planned out generations in advance.
00:03:22.240 | They've thought things through. My favorite story of that is Rothschild.
00:03:26.600 | You know, he sends his five kids, the original Rothschild patriarch,
00:03:30.480 | he sends his five kids out to set up a banking empire in five different countries
00:03:34.720 | knowing that for the rest of his life, he'll never see them again.
00:03:37.800 | But to this day still, the Rothschild family has an incredible amount of wealth
00:03:41.960 | and power, and much of it was due to the foresight of the original founder.
00:03:47.160 | And you can pass through each of the classes of society.
00:03:50.600 | Middle class people think about planning to make sure they have some money saved
00:03:55.240 | for their down payment on their house. They think forward about retirement.
00:03:58.120 | And so middle class people think in the context of their own lifetime.
00:04:02.240 | And then lower class people are often thinking about just the next step.
00:04:05.960 | And sometimes that's due to just simply simple circumstances.
00:04:09.480 | You know, if you've got a hungry belly, you can't afford to be thinking about how
00:04:12.600 | am I going to do generationally? You've got to be thinking about where's
00:04:14.720 | my next meal going to come from? Some of it is due to just simply ignoring
00:04:18.240 | the opportunities that are available to them.
00:04:20.440 | But the longer your time horizon can go, the more you can move up through the
00:04:24.960 | classes of society.
00:04:28.320 | I do try to think beyond myself as well. My dad has done this with our work here on the farm.
00:04:55.800 | So I had you on to come talk about this self-education plan.
00:04:59.360 | I had Brett Vannott from the School Sucks podcast on to talk about this from an
00:05:03.360 | educational standpoint. And we got into a little bit of philosophy,
00:05:07.120 | I think, too, on why am I doing this. And I wanted to have a financial standpoint
00:05:14.040 | on this. And you also gave me some good tips here.
00:05:16.440 | And I believe I added this on to everything. I listed out on all of these things I wanted
00:05:23.160 | to do. So like the yak dairy. I had my materials
00:05:26.720 | and what I would get the material skills and then how I need to do it and then what I'd
00:05:32.800 | learn. And then you told me, "Well, you should also
00:05:34.880 | add in why is it important to you?" So I think I can't remember exactly what you
00:05:41.040 | said, but I'm thinking that this is because it brings it more personal.
00:05:46.960 | It makes it more personal. It puts it in a great perspective.
00:05:49.960 | If your why is strong enough with anything, you'll figure out the how.
00:05:54.640 | So think about the example that I've never heard of a better one.
00:06:00.000 | The example of if you -- how old are you at this point, Nick?
00:06:05.040 | I'm 17. Okay.
00:06:06.440 | So you might be able to answer this, but if your listening audience were a little bit
00:06:10.400 | older, you can at least appreciate the example. If you were a parent and you had a son or
00:06:14.920 | daughter that you really cared about or if you had a niece or nephew that you really
00:06:18.640 | liked and you found out that your son or daughter, your niece or nephew was diagnosed with a
00:06:24.920 | terminal disease, but that there is a vaccine available for that disease that can cure them
00:06:31.520 | and they're going to die one year from today without the vaccine, but with the vaccine,
00:06:35.000 | they could actually live. That vaccine costs $10,000 and you've got
00:06:40.600 | to earn and save the money to do it. I ask people as a mental image, I say, "If
00:06:46.640 | you had to, could you earn and save $10,000 in the next year to save the life of your
00:06:52.440 | child or a child that you like?" And the answer 100% of the time is yes.
00:06:58.200 | And so I learned that example years ago from a Dave Ramsey class that I went through and
00:07:04.200 | it just stuck with me as being the perfect example of how if your why is strong enough,
00:07:10.320 | you'll figure out the how. Now, nobody knows how they would do it.
00:07:14.000 | They just know that if they needed to, if the stakes were high enough, they would do
00:07:18.720 | it, whether it meant they got extra jobs, whether it meant they sold something, who
00:07:22.160 | knows, but they would figure out a way to do it.
00:07:24.680 | So the key to good goal planning is getting very, very clear on why something is important
00:07:30.040 | to you and the more reasons why something is important to you that you can stack up,
00:07:36.720 | the better. As you stack those reasons up, you will follow
00:07:39.720 | through if the reasons are enough. And then also to think through the how. If
00:07:44.120 | you just think through the how and you don't think through the why, you might not have
00:07:46.840 | the emotional strength to follow through when times are tough because the how isn't actually
00:07:50.880 | going to work. If you look at business planning, there are
00:07:55.240 | studies that I've read and articles that I've read that talk about the percentage of businesses
00:07:58.760 | that actually succeed who have started with a good business plan and it's much, much higher.
00:08:05.920 | One of the things you want to think about whenever you're starting a business is constructing
00:08:09.600 | very carefully an excellent, carefully thought through business plan that provides for as
00:08:14.560 | many eventualities as you can consider. But when they've done research with those business
00:08:19.400 | owners who have actually followed through and built those businesses, they ask them,
00:08:23.920 | "How often do you refer to the plan?" The surprising answer is, "Well, not very often."
00:08:29.000 | And so what seems to be the case is it's not so much having the plan that makes the difference.
00:08:35.520 | It's having thought through the plan and thought through things in advance that makes the difference
00:08:40.880 | because once you're out in the war, so to speak, you've got bullets flying at you. You
00:08:44.720 | don't have time to go out and dig out the manual and see what to do. You just pull the
00:08:48.400 | gun and fire. That's what business owners often are doing.
00:08:51.560 | But if they've thought through in advance where they're going, then they're probably
00:08:54.480 | going to take better shots. Most businesses will follow a path of change where somebody
00:09:02.360 | will set out with an initial vision and then they'll move forward, but that vision will
00:09:06.440 | change, but still it's the planning. So when you combine those two things together and
00:09:10.440 | you've thought through very careful plans for how something can be achieved and you
00:09:14.760 | have very important reasons why, then you bring a lot of energy and a lot of clarity
00:09:19.240 | to your goals.
00:09:20.760 | And then perhaps the most important thing behind the why is you might find that you've
00:09:26.360 | set a goal, you've built a plan, but you don't really have any compelling reasons why
00:09:31.880 | something is important to you. So in that case, after a while, you might work on it
00:09:37.840 | and then after a while, you realize, "I don't care about this. I don't have any why for
00:09:41.840 | it, so why am I wasting my time?" and you just quit. That's the best thing in the world
00:09:45.400 | because you quit doing something that's not important, which frees you up to do something
00:09:49.560 | that you do care about. So it's also a good test to know, "Am I working on the right goals
00:09:53.800 | if I have enough really emotionally strong whys?"
00:09:58.960 | Yeah, I like that. I've never really thought that through, but I think you're totally right
00:10:09.360 | and I do try to do that kind of consciously. My main goal is I want to be comfortable.
00:10:17.720 | I want to be happy and I want to make sure that I'm going down a path that's going to
00:10:21.880 | most benefit me, not necessarily financially, but in the long run, I'm shooting for happiness
00:10:32.720 | and content with my life. So whatever that means, that's where I'm going for. So yeah,
00:10:38.880 | I like that. I think that's exactly right and I have expressed that on the show, goals-oriented
00:10:46.520 | decision-making and looking at the long-term goal, like where do you want to be and how
00:10:51.240 | do you want to feel and is this going to help you out get there? And if it isn't, then don't
00:10:55.960 | do it.
00:10:56.960 | Right. The biggest waste of time is to do something well that doesn't need to be done
00:11:00.680 | at all.
00:11:01.680 | That's a good quote.
00:11:02.680 | It's not original with me. I don't know who to cite or I would cite them, but it's not
00:11:08.240 | original, but it is an apt quote.
00:11:10.720 | Okay. Well, all right. So let's dive into this plan. So the first thing I set out with
00:11:18.200 | was let's make a statement. Why am I doing this and what am I supposed to be doing in
00:11:22.600 | a very broad sense? And so I wrote, this is what I plan to do outside of school because
00:11:27.360 | this was the alternative to going to school. So I decided I'm going to list all the responsibilities,
00:11:33.360 | goals and actions that I plan to have and take to become a self-educated and independent
00:11:38.400 | entrepreneur, which is something that I didn't think I could do in school.
00:11:41.800 | So this is exactly what this plan is, is how to become a self-educated, independent entrepreneur
00:11:48.160 | and being the main goal here is to live a good life. And I've explained that in other
00:11:54.840 | shows what that means to me. So that's mainly what I'm thinking. And do you think that kind
00:12:00.640 | of fits in with why I'm doing this? Or do you think I could get into more depth with
00:12:06.680 | it?
00:12:07.760 | You will be able to get into more depth as you start to work into this and experience
00:12:11.960 | it. So the key to planning is not the actual plan. The key to planning is the process of
00:12:18.520 | planning. So taking an initial step starts to transition you from a non-planner into
00:12:25.360 | a planner. So what you'll find is as you work towards these goals, some of these goals will
00:12:30.200 | change. Some of them are exactly what you'll wind up doing and they're important and you'll
00:12:35.200 | achieve them. Some of them will change and you'll realize that, for example, in order
00:12:42.320 | to live a good life, that's kind of a vague and nebulous thing. It doesn't mean what is
00:12:47.880 | a good life, but you may not know right now. I probably have a little bit more of an idea
00:12:54.120 | of what a good life is than you do because I have a few more years of experience. But
00:12:57.720 | even me, I'm still working on my vision of a good life. So be as specific as you're able
00:13:02.940 | to be, but don't stress out about it. Recognize that it's going to change.
00:13:08.680 | The most important thing about doing a process like this is not what you achieve, but it's
00:13:14.000 | who you become. I remember years ago I heard Jim Rohn talk about that. He said, "The most
00:13:18.720 | valuable thing of becoming a millionaire is not having a million bucks, but it's becoming
00:13:25.640 | the millionaire," or to clarify it, becoming the type of person who can save and accumulate
00:13:31.760 | a million dollars. Once you're the type of person who can save and accumulate a million
00:13:36.240 | dollars, you could take the million dollars away and you'll still be that person until
00:13:40.440 | you'll get another million dollars. That's one of many reasons why the rich get richer
00:13:44.320 | and the poor get poorer. The richer rich, they become the type of people that get and
00:13:48.040 | stay rich, so they're going to keep on getting richer as they express those characteristics
00:13:52.120 | and character qualities that help them to be rich.
00:13:54.840 | Poor people, for the most part, are poor people and they do the types of things that poor
00:13:59.600 | people do, so they continue to be and to maintain their poverty. You could take all of the money
00:14:05.480 | away from everybody in the world, split it all up equally based upon the number of people
00:14:10.240 | that are alive, and after a year, you'd see some major changes. After 10 years, I can't
00:14:17.480 | imagine anything less than 10 or 20 years that all of the money wouldn't be right back
00:14:21.800 | in the hands of everybody who has it now because the type of person who is rich is the type
00:14:28.800 | of person who is going to get rich again.
00:14:30.640 | The important part of this planning is becoming the type of person who is proactively planning.
00:14:37.640 | For right now, you've got a really great start and then next year as you revisit this, you'll
00:14:44.440 | get better and better and better and better at actually clarifying the plan and your plans
00:14:49.600 | will get better and better and better and your results will start to multiply over time.
00:14:53.280 | >> Trey: Okay, yeah, I like that. That's something I try to keep in mind. Yeah, my plans are
00:15:00.800 | going to change and they have actually. I hadn't visited for a few months before I talked
00:15:07.160 | to Brett Panot about this and I was going through it. I'm like, "Well, I don't want
00:15:11.040 | to do that anymore. I haven't put as much energy as I thought I would and I don't think
00:15:17.960 | I'm going to put as much energy in there because I don't really want to do this right now."
00:15:21.280 | So I took it out and yeah, I think you're exactly right, keeping that in mind and I
00:15:26.560 | do try to keep that in mind. Okay, so yeah, I like your feedback there.
00:15:33.240 | Then going on, moving on to the goals here. So I picked this goal that I want to be financially
00:15:39.680 | independent by 25. I decided that that's what I want to do and this is one of those things
00:15:45.040 | that could absolutely change, right? I'm not going to say, "I'm going to do this by 25"
00:15:48.080 | because I don't care that much at what age I become financially independent. It'd be
00:15:53.000 | nice to be by 25 and I think I can do it. So I chose that and then that was the main
00:15:58.720 | goal and then to do that and well, I guess it's not all to do that but some of the things
00:16:04.200 | I decided also along with that is I want to have the first commercial yak dairy and I
00:16:09.320 | said the next two years and that was earlier this year and I found that that's much harder
00:16:15.800 | than I thought it would. So I changed my goal for the next four years because I do think
00:16:21.080 | I can do it in four years but next two years will be very difficult. So I changed that
00:16:27.480 | and then I also want to have a live show, take my podcast and turn it into a live show
00:16:34.560 | in the next couple of years to be on the Liberty Radio Network and then I want to have some
00:16:40.400 | several side businesses set up in the next couple of years too. I decided I want to put
00:16:47.200 | the once a week restaurant on hold. That would have been having the produce and the meat
00:16:52.440 | from the farm being used as a once a week restaurant. I had a decent plan set up for
00:16:58.040 | that and I just lost interest. So I put that on hold for now and right now, I'm doing
00:17:04.040 | this, selling meat from pigs and yaks. I don't have any poultry of my own to slaughter but
00:17:08.640 | I just recently slaughtered a yak in the last few months. I'm selling meat currently. I'm
00:17:13.360 | always selling pigs and so that's working out really well and then I'm not growing any
00:17:19.000 | produce right now and I will be selling fibers from yaks. So those are my side businesses.
00:17:24.400 | Do you have any feedback on those goals?
00:17:27.720 | Probably the most useful feedback would be helping you clarify a plan toward financial
00:17:34.320 | independence. So when you say that you have a goal of being financially independent by
00:17:40.760 | 25, what does that mean?
00:17:43.800 | I want to be able to sustain myself and my lifestyle while being comfortable, I guess
00:17:50.880 | financially.
00:17:52.880 | So sustain yourself and your lifestyle. So clarify what the lifestyle means. Are you
00:17:58.640 | living that lifestyle currently?
00:18:00.200 | I don't know. I don't have a plan for my lifestyle. I kind of do. I'm shooting for something very
00:18:09.800 | simple on the farm. I'm not looking for extravagant cars and houses. My plan is to live in a trailer
00:18:19.680 | that I'm fixing up and yeah, so that's about as far as I've gotten with that.
00:18:26.780 | So the starting place is to clarify the lifestyle and I'm glad you're thinking about this because
00:18:33.360 | too few young men spend time thinking about this, but you want to just get clear on the
00:18:38.200 | lifestyle. What is that lifestyle and if possible, you want to write that down. So if you're
00:18:44.480 | living on the farm where you want to live, that helps. So to be financially independent,
00:18:49.200 | if you're fixing up a trailer, then your initial stages are, "Well, I need $3,000 of materials
00:18:54.800 | to fix up this trailer," and you want to consider any costs or questions that are going to be
00:19:01.040 | associated with your lifestyle. So if you've got the trailer, then you've got a place to
00:19:05.040 | live that's paid for. You're going to need some electricity, so there's $50 a month for
00:19:09.400 | your electric costs or whatever the costs are that are going to be associated with your
00:19:13.040 | lifestyle. You want to build out a budget.
00:19:15.960 | When you're a young man, you want to start by saying, "Okay, what's a budget for me?"
00:19:18.960 | and then you also want to say, "Well, what would be a budget that would be me plus a
00:19:23.240 | wife?" and if you are able to clarify that, it'll help you to plan a little bit because
00:19:27.440 | the budget that you are able and willing to live on would probably be different than the
00:19:31.480 | budget that you are able and willing to support a family on, so it's good to plan ahead for
00:19:35.240 | that.
00:19:36.560 | Once you start by clarifying the lifestyle, then that gives you a starting point. So when
00:19:43.480 | you get to the word "sustain," so you said, "I want to be able to sustain myself and my
00:19:47.880 | lifestyle," then what does "sustain" mean? So there are different stages of financial
00:19:51.600 | independence. So one stage might be, let's say that you work out that you need a budget
00:19:56.000 | of $3,000 a month. That would be about a median budget. Many people in the country are living
00:20:01.000 | on about that much, and so if you are frugal, you're living in a trailer, that would give
00:20:04.960 | you plenty of excess spending money to be able to do things. I'm not talking about improvements
00:20:08.560 | that your farm needs here. It would be a fairly comfortable lifestyle if you have plenty of
00:20:14.320 | spending money, again, if you're living in a trailer and living a simple agrarian lifestyle.
00:20:20.320 | But $3,000 a month could be a goal initially for you to make and profit from your dairy
00:20:29.360 | or from your overall farm operations. So once you have a target of a number, then what I'd
00:20:35.880 | recommend to you is that you take your approach in stages.
00:20:39.640 | So the first thing that I would have is a goal that says, "I want to earn my income
00:20:45.200 | in a way that aligns with my vision for the things that I enjoy and the things that I
00:20:50.480 | like to do." So for you, that is the agrarian farming lifestyle. So you want to figure out,
00:20:56.800 | "How much money do I need to earn from that? I'll use $3,000 a month. Is that an okay number
00:21:02.440 | or you think it should be less? You think it should be more?" Any guess on that at this
00:21:05.040 | point in your opinion?
00:21:07.880 | I think it would be less, but that's fine. Let's work with $3,000.
00:21:12.440 | So the number doesn't matter. It just matters that it's a generally appropriate number.
00:21:18.240 | And there's a balance between how little you can spend on and how much you can spend on.
00:21:23.760 | You're a pretty hardcore young man, so you could live on $5,000 a year if you needed
00:21:30.000 | to. You could live in the trailer. You could have $20 of electricity. You can live a Jacob
00:21:37.640 | Lund Fisker lifestyle. I think you're a fan of his. He would be a great role model. So
00:21:44.680 | you could live that lifestyle. I'm using a more comfortable number just in case you find
00:21:49.800 | that you'd like something different, but that number ultimately is up to you.
00:21:53.640 | So if you pick a number, $2,000 or $3,000 a month, then your first goal is to say, "How
00:21:59.880 | do I get to that?" So let's use $2,000 a month. On a yak dairy, what would you estimate is
00:22:04.960 | your profit if you could run, I don't know how big your commercial yak dairy would be,
00:22:11.040 | but if you could run with yaks producing the amount of milk they produce, the sales price,
00:22:15.160 | and let's say you had 10 milking milk yaks, how much profit would that produce for you
00:22:22.240 | on a monthly basis?
00:22:24.120 | I honestly have no idea. This has never been done before. So I'm totally pioneering that
00:22:30.720 | and I don't know.
00:22:32.460 | So it's an exciting thing to pioneer it and I love that you're doing that at this stage
00:22:36.460 | of your life because if you can live on $5,000 a year, you're at a place where you can pioneer
00:22:42.800 | this and see if it works or see if it doesn't. If you were at a stage of life where I am,
00:22:47.740 | I'm 30 years old and I have two young children and a wife that I support, I'm not able to
00:22:54.300 | be quite so flexible as you are. So it's awesome that you're using this time of flexibility
00:23:00.860 | to pioneer this.
00:23:02.300 | So you want to start by just taking some guesses and you figure out, "Okay, what is the local
00:23:07.700 | market for milk?" So what I would do is in building the business plan for something like
00:23:12.300 | that, look around and see what does organic goat's milk sell for, what does raw cow's
00:23:17.100 | milk sell for, does anybody sell sheep milk in your area for people who have allergies
00:23:21.980 | to cow's milk?
00:23:23.420 | So you look around and you try to figure out what their prices are and you look at that
00:23:27.860 | yak milk and you say, "Does yak milk have any extra benefits or any extra disadvantages
00:23:33.380 | that are a real benefit or problem?" And you look at that and you start to figure out,
00:23:37.900 | "Okay, here's what I think I could sell it for. I'm going to make up a number, $5 a gallon."
00:23:42.420 | So you could sell your milk for $5 a gallon. Then you look and say, "Well, how much?" I'm
00:23:48.020 | sure you have one yak at this point that you could milk, so you say, "How much could each
00:23:51.860 | one produce?"
00:23:53.620 | And you start to run these numbers on it and you just play with the calculations and
00:23:58.060 | start to figure out, "Could I make any money at this?" And you may not know. Maybe you
00:24:02.020 | need $15 a gallon of milk to break even. So in building the concept of a dairy, what would
00:24:10.940 | be a mistake would be to set out and to build a big building, a beautiful milking barn,
00:24:16.380 | buy milking equipment, etc., and then go ahead and hook up and then go ahead and get your
00:24:21.220 | yaks lined up and start milking. That would be a mistake.
00:24:24.420 | The better thing is to see, "Can I develop the market for my product first and what price
00:24:29.060 | can the market bear?" So then if you say, "Okay, I can sell some milk for $15 a gallon.
00:24:33.780 | I can sell it illegally to my neighbors just off the record. Okay, so there is a market.
00:24:39.320 | Now you can go ahead to process and you can start running out in business." They're called
00:24:43.020 | a pro forma financial statement, a projection. You can say, "If I had 10 yaks, I'm going
00:24:47.460 | to make up some numbers here. I could sell my milk for $10 a gallon. Between my 10 yaks,
00:24:52.620 | I'm going to have 5 gallons per day. That's $50 of revenue per day times 365 days per
00:25:00.740 | year. That's $18,250 of gross income based upon the sale of the milk."
00:25:07.460 | So then you pull off of that your transportation costs. Are your customers going to come to
00:25:10.940 | your farm and pick it up or are you going to deliver it? You pull off of that any cost
00:25:14.460 | of maintenance. What is the rent on the land that my yaks are grazing on? What's the cost
00:25:19.720 | of the building? Do I need to buy milking equipment? Is there going to be an electricity
00:25:23.740 | cost? How am I going to do this? Do I need to hire a farm hand to help me? Am I going
00:25:27.060 | to milk them by hand or do I need to buy the equipment?
00:25:29.500 | You start pulling your expenses off of that and you try to figure out, "Do I have a reasonable
00:25:33.520 | business that could be created?" So with those numbers that I just totally pulled out of
00:25:38.220 | thin air, you could start to see, "Okay, there's $18,250 of gross revenue." So then you can
00:25:43.800 | rerun that and you can say, "Well, if I could get 15 milking yaks under those numbers that
00:25:48.260 | I used, then I could get to $25,000 of revenue, pull off a few thousand dollars of expenses,
00:25:54.260 | then I could anticipate $2,000 of profit to compensate me for my time."
00:25:59.100 | And so that would be, if I were in a situation like yours, that would be one of my initial
00:26:04.200 | goals to say, "I want to spend $2,000 a month. I believe that a herd of 15 yaks could get
00:26:10.220 | me there." And that gives you a game plan to start with. You figure out how much land
00:26:14.060 | do I need, what's the equipment, etc. and that's how you meet that initial stage of
00:26:19.660 | funding your expenses based upon the net profit from your business.
00:26:24.180 | Okay. Yeah, I like that. I think that's something I should be looking into and I will be doing
00:26:32.180 | that. So basically, I'll explain my plan so far. It's not as detailed as you're suggesting
00:26:39.020 | but my plan is that the next heifer calf that I get, the next female yak calf I get, I'm
00:26:44.540 | pulling it at whatever age from its mother and I'm bottle feeding it so that it's very
00:26:49.860 | friendly with me and that way I'll be able to milk it when it's mature and it has its
00:26:56.460 | first calf. That's so far what I'm going to go for right now. So I'll be milking it. I'll
00:27:02.500 | taste the milk, make sure it tastes all right and then I'll start experimenting it with
00:27:08.140 | myself. Can I make cheese out of this? Can I make yogurt out of this? As soon as I do
00:27:12.780 | it, I know there's a market for it because people want it. People want to try it. I've
00:27:18.140 | had many, many people saying, "Yeah, yeah. Get me yak milk as soon as you can. If you
00:27:22.220 | do it, give me a call," because people really do want it. So that's my plan right now is
00:27:27.380 | to see if I can even milk a yak and then I'll try and sell it and then expand from there.
00:27:34.700 | That's right what I'm thinking.
00:27:35.700 | That's perfect because it's a very unique idea. It's a very unique product and you're
00:27:41.580 | going to have to build the market for it. So the reason I talk about building out the
00:27:46.060 | � again, to use the technical accounting term � the pro forma financial statements
00:27:49.940 | is, this is the same thing you do with any business and what you want to figure out is
00:27:55.020 | could this be a viable business?
00:27:59.180 | With those additional details that you've now given to me, let me give you a couple
00:28:02.340 | of scenarios. If you need to raise a heifer yourself from your herd and you expect one
00:28:11.060 | female yak each year going forward, then you now know that there's no possible way � if
00:28:16.980 | that's your source of milking cows � you now know that there's no possible way for
00:28:21.660 | you to be sustaining yourself four years from now if you only have three milk-age heifers
00:28:29.100 | and one little one that you're raising to that point in time because you're just not
00:28:32.780 | going to be able to have the volume of milk that you could actually build a business off
00:28:38.700 | of. So it's no problem. That doesn't mean you abandon the goal. What it does mean is
00:28:44.060 | that you're going to have to figure out how am I going to support myself for the next
00:28:47.180 | ten years until I can build up my herd enough to have my 15 milking cows if this works.
00:28:53.500 | And so now that's going to focus your attention over on your established business. It's going
00:28:58.780 | to focus you over on your pigs. It's going to focus you over on your pastured poultry.
00:29:02.900 | And it's going to focus you on your vegetable production. And so now you're going to put
00:29:05.940 | together a plan to say, "Well, I've got this amount of land available to me in my current
00:29:11.060 | situation. I can run on this land this number of pigs. I can run this amount of poultry.
00:29:16.100 | I can farm this over here and produce these vegetables. With my time, this is going to
00:29:21.460 | support me while I'm building up my yak herd towards the goal of this commercial dairy."
00:29:26.720 | So the reason that we have to put numbers on paper is to see could my plan work in theory.
00:29:32.200 | If it can't even work in theory as far as supporting me and my family, then I don't
00:29:37.440 | abandon the plan. I just build a new plan that's going to wind up in me supporting
00:29:42.360 | myself. And so if you've got to grow your dairy one cow at a time, it's not going to
00:29:49.560 | be supporting you two or even four years from now. So it might fulfill your goal of having
00:29:55.340 | a first commercial yak dairy in four years because you might have four milking cows at
00:29:59.440 | that time, but it's not going to make you financially independent. So that's where you're
00:30:03.840 | going to need to add those other products to your product line as you build out your
00:30:07.800 | plan.
00:30:08.800 | Okay, yeah, that makes sense. So one thing that I've been talking about with my father
00:30:15.560 | is that maybe I should just buy a trained heifer already or a trained cow right now.
00:30:22.880 | The only problem is that's like $3,000 and I can't afford that right now, but I could
00:30:28.720 | obviously take out a loan with him or somebody else to make that happen and that would make
00:30:33.100 | it more immediate instead of waiting for that calf. And then if I decide, "Hey, this is
00:30:37.560 | going to work, I'll buy more." I could possibly do that.
00:30:42.400 | So how would you analyze that decision to decide which is the better course of action?
00:30:47.700 | That is an interesting question. I have not thought about that.
00:30:51.780 | So how I would do it is I would, again, come back to some projections. I'm making this
00:30:57.220 | sound more complicated than it is. You're already used to doing this every day. We're
00:31:03.340 | already used to weighing pros and cons of decisions. I'm just clarifying it and trying
00:31:07.940 | to present it in a structured format so that the listeners are able to apply this to their
00:31:12.140 | own life.
00:31:13.140 | So let's say you look at your cow. Well, number one, you need info. Do you know how much milk,
00:31:19.360 | if you were to buy a heifer that someone else is milking, do you know how much milk she
00:31:23.800 | would produce monthly, annually, or on whatever basis?
00:31:28.320 | I don't have that figure off the top of my head, but I know I could figure that out pretty
00:31:32.340 | quickly.
00:31:33.340 | So that would be the first thing to do. I don't know how much milk a cow produces, a
00:31:40.240 | Holstein or whatever. So you would start with figuring out what is that dollar figure. What
00:31:49.340 | is that amount of milk figure?
00:31:51.300 | Number two, you look to see what percentage of the year is the cow dry. Does she have
00:31:58.240 | milk all year round or is she dry at some point of the year? Then that figures out on
00:32:02.500 | an annual basis how much milk you can expect.
00:32:05.460 | Next, you find out what is her expected lifespan for being a good milk producer. Can she produce
00:32:11.520 | milk for two years, five years, ten years? I don't know those answers, and you would
00:32:16.300 | need to check that out with whoever the farmer is that is doing that. So that means some
00:32:20.700 | phone calls, some emails to other farmers, some posts in whatever the yak forum is where
00:32:25.120 | you participate. You try to get those details.
00:32:28.820 | You try to figure out what is the income that I could expect. So what is the amount of milk
00:32:35.460 | that's my product that I could sell? Next, you need to look at the market and do a guess
00:32:40.300 | on what you could sell that for. That's where I would look at other types of organic, non-cows
00:32:46.180 | milk, sheep, goats, find out someone who's selling, look at the specialty products that
00:32:51.660 | they're making, and try to just make some guesses as to what it would sell for. What
00:32:56.060 | that will do for you is that will tell you how much of an income you can expect from
00:33:01.460 | that cow in terms of the actual milk product.
00:33:06.460 | Next, look at the remainder value of the cow when her milking lifespan is done. So what
00:33:12.700 | do you do with her when she's too old and she's not going to be producing milk? Can
00:33:16.860 | you butcher her and sell her? If so, how much could you expect to sell that meat for? Is
00:33:21.420 | that $1,000 worth of meat? Is it $200 worth of meat? Can she have babies that you would
00:33:26.300 | be able to sell along the way as she's milking? If so, how would those affect the milk supply,
00:33:33.620 | etc.?
00:33:34.620 | So we want to figure out what's the income that we could expect from that cow. Now let's
00:33:38.620 | say that we ran the numbers and the cow that's going to cost $3,000, you run the numbers
00:33:43.860 | through and you find out that you could expect $500 per year of profit or income from her
00:33:51.140 | milk products for the next four years. So that would give you $2,000 of profit. Then
00:33:58.700 | at the end of $2,000 of income, then at the end of four years, she's basically going to
00:34:05.140 | be near the end of her productive capacity and you decide that you're going to butcher
00:34:10.360 | her and sell the meat. You look and say, "Well, she's going to be old. She's going to be tough,
00:34:14.700 | but we can sell her for and get $500 of value for the meat." Now you know that that's a
00:34:21.140 | losing proposition. If you have to pay $3,000 for her and you've only got $2,500 of income,
00:34:26.900 | then you're going to be losing money. So you're probably better off in that situation waiting
00:34:30.780 | a little bit and growing your own and saving the $3,000 because if you compare growing
00:34:35.900 | your own from your own herd where she can produce and yet it's going to be waiting two
00:34:39.900 | years but now let's say the same numbers, you've got $2,500 of income but $0 of outflow
00:34:45.220 | to buy your own calf that you're raising just the time, that's much better than $3,000 of
00:34:49.900 | outflow and only $2,500 of income.
00:34:52.840 | On the flip side, let's say that those numbers were very different. You can sell $500 a year
00:35:00.180 | of milk product. You could sell $1,000 a year of milk product and in addition to that, you're
00:35:05.420 | going to sell some of it as straight milk, but then for some of it, you're going to create
00:35:08.540 | higher value artisanal products, cheeses or yogurts or something that you can mark up
00:35:13.700 | even more and you've got the market for that. So in addition to the $1,000 of milk, you
00:35:18.420 | can add another $250 of value to the actual product. So now you've got $1,250 of annual
00:35:23.900 | revenue for the next four years plus at the end, you're going to butcher her when she's
00:35:28.220 | not too old and not too tough and instead of it being $1,000 of meat, on the flip side,
00:35:33.260 | she's actually going to be $2,000 of meat.
00:35:36.340 | So now in those numbers that I completely made up, you've now got $7,000 of expected
00:35:42.140 | income. In my world, that's a pretty good rate of return. I can calculate the actual
00:35:49.660 | cash flow payments for you and tell you the actual rate of return. It would take me about
00:35:58.580 | three minutes to do and I don't want to do it on the microphone here, but you could run
00:36:01.900 | that in and say, "Okay, $3,000 out and over the next four years, $7,000 of income. That's
00:36:07.260 | a pretty healthy profit." So in that situation, that would be a good thing to get going and
00:36:12.300 | in that situation, I'd go ahead, I'd borrow the money from my dad, I'd go ahead and buy
00:36:15.380 | her and I'd get that business going instead of just waiting for my heifer to grow up.
00:36:19.940 | Okay. Yeah, that makes sense. So what I'm thinking right now, my course of action should
00:36:24.660 | be because my father sells goat milk right now. So using those prices of what he does,
00:36:30.540 | he makes cheese and yogurt. So I'm just going to, just to play it safe, I think I could
00:36:35.860 | totally sell yak dairy products for more than goat milk, but just to play it safe, let's
00:36:41.260 | say it's just not that good. So we sell it at goat milk prices. So I can use that, take
00:36:46.620 | those prices. I can ask some people what the yield of a yak cow is. I can figure out all
00:36:54.660 | that information, the fact of that and then go from there and figure out which path is
00:37:01.980 | profitable, wait for the calf or go ahead and buy a $3,000 cow.
00:37:06.900 | Right, right. And the key, I've made up numbers that are totally wild. The key is just to
00:37:14.220 | sit down and start playing with scenarios and start making some guesses. And you'll
00:37:19.780 | be wrong. You're just guessing. But then as you actually get into this business, you start
00:37:24.740 | to track your own scenarios. And this thought process is what's more important than the
00:37:29.820 | actual details. I did this one time with a friend of mine who was considering establishing
00:37:35.100 | a valet business. And this friend came to me and they said, "I've been offered," he
00:37:42.100 | was working as a valet, somebody running for cars presently. He was earning $2,500 a month
00:37:49.620 | doing that work. And he was considering establishing a valet business. He'd been offered a contract
00:37:54.900 | by a local condominium and there were certain prices involved with the contract and he knew
00:37:58.860 | the numbers. So we sat down and we ran the numbers. I asked him, I took the income, I
00:38:05.300 | took the taxes, I took the cost of insurance, and just ran some simple illustrations. And
00:38:09.100 | what wound up being the case was that in order for him to make money, if he worked in the
00:38:18.860 | business and worked a shift just like he counted himself in as a valet, he could expect a profit
00:38:23.860 | of about $2,000 with him working in the actual business, which was equivalent or less to
00:38:31.180 | what he was making as a valet, but he had a lot more risk.
00:38:35.500 | And so what came out of it was under the terms of the deal that were offered to him, it was
00:38:39.860 | a bad deal. And there was no rational reason for him to start that business. There wasn't
00:38:45.620 | enough even potential profit for it to be worth it. So his decision course was if he
00:38:51.740 | was only going to have the one account, he was better off just simply keeping his current
00:38:56.580 | job, running for cars and letting someone else take all the risk and all the hassle
00:39:00.100 | and he just earned the net profit. He would have been making more as a valet than as the
00:39:04.140 | owner of the valet company.
00:39:05.940 | The flip side was the only way for him to make the business worth it would have been
00:39:10.860 | if he was going to take it from one account to 10 accounts because with one account, he
00:39:15.140 | didn't have enough scale for the business to work, but with 10 accounts, he would. So
00:39:19.820 | if you sit down and put numbers on paper and start to make guesses without any commitment,
00:39:24.940 | but just start to look through things, you'll start to realize, "Is this worth it?" And
00:39:29.460 | in some cases, yes, in some cases, no. And you might find that pastured poultry is way
00:39:35.200 | more profitable and you're just going to go slow and easy on the yaks as a fun hobby and
00:39:40.980 | who knows, maybe at some point they'll make some money and maybe at some point they won't.
00:39:45.200 | That's very different than saying, "This is an awesome business opportunity and if I just
00:39:49.540 | focus all my effort here, I'll make way more money with yaks than pastured poultry." The
00:39:53.460 | numbers will tell the answer.
00:39:54.940 | Douglas Goldstein, CFP®, is the director of Profile Investment Services and the host
00:40:03.940 | of the Goldstein on Gelt radio show (Monday nights at 7:00 PM on www.israelnationalradio.com.
00:40:10.940 | He is a licensed financial professional both in the U.S. and Israel. Securities offered
00:40:15.940 | through Portfolio Resources Group, Inc., Member FINRA, SIPC, MSRB, NFA, SIFMA. Accounts carried
00:40:21.820 | by National Financial Services LLC. Member NYSE/SIPC, a Fidelity Investments company.
00:40:26.020 | His book Building Wealth in Israel is available in bookstores, on the web, or can be ordered
00:40:32.180 | at: www.profile-financial.com (02) 624-2788 or (03) 524-0942. Disclaimer: This document
00:40:35.180 | is a transcription and/or an educational article. While it is believed to be current and accurate,
00:40:41.180 | there are many logical considerations for making financial decisions. Please see the
00:40:47.180 | video description for a link to the entire document in your usage.
00:40:53.180 | If you would like to purchase a copy of this book, be sure to check out my website at www.profile-financial.com.
00:41:13.180 | Any questions or other problems, please post them in the comments.
00:41:36.180 | This is a recorded memento. When recording this, please use earphones or a headphone.
00:41:56.180 | Thank you for watching and I hope
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00:54:24.180 | But the one thing I would like to have your input on a little bit is my plan B. Did you
00:54:31.180 | read the plan B?
00:54:32.180 | I did.
00:54:33.180 | Okay. So, I mean, obviously, when I wrote this, I was like, "I don't want to deal with
00:54:37.180 | this. I don't want to write this plan." So I was a little bit – I wasn't really thinking
00:54:41.180 | it too much through, but I have thought this plan through and I think that – I still
00:54:46.180 | think that I'm right here, that everything I've got going, I have a variety of business
00:54:52.180 | ideas and I think that it's enough diversity that I think this could work. So I was being
00:55:00.180 | a little bit facetious when I say none, these, or death, but what is your thought on that?
00:55:07.180 | What would happen if you fell down the slope while you're out trying to find the new
00:55:13.180 | baby yak that was born and broke your back and you could no longer walk? My point is
00:55:19.180 | – and no need to answer – just illustrative of the fact that plan Bs are valuable and
00:55:25.180 | important. Things can always happen that could adjust things.
00:55:29.180 | So I don't think necessarily at this point – you've got so many options here that
00:55:34.180 | are associated with it that I don't think you need plan B. I don't think in terms
00:55:40.180 | of plan B. I do think in terms of if this doesn't work, then what? If this doesn't
00:55:44.180 | work, then what? If this doesn't work, then what? What would I do there? And in my
00:55:49.180 | mind, it's valuable to accumulate a list of potential other things that you could do
00:55:54.180 | that would be useful and fit your potential lifestyle.
00:55:59.180 | So I admire the idea of these things have to work. I admire that because that's often
00:56:09.180 | what keeps people focused when it doesn't look like things are working. Businesses usually
00:56:13.180 | are tough and there's a point in time where you're like, "I just don't think this
00:56:16.180 | can work," and your confidence and your belief is often what will drive you through.
00:56:21.180 | But also good backup plans might help you to be able to be willing to do other things.
00:56:28.180 | And it's not so much when you make a plan. You can always change the plan. And that's
00:56:33.180 | why I focused on the planning process.
00:56:35.180 | So in our first discussion, I really emphasized to you, "Make a plan," because most people
00:56:40.180 | don't make a plan. Then now that you've made a plan and I admire that you've actually
00:56:45.180 | followed through, that tells me something about you. So now I want you to focus on the
00:56:49.180 | process of planning and really understanding the process of goal setting and planning.
00:56:56.180 | Because once you identify that process, then you know and you can apply it to other areas
00:57:01.180 | of life. And having backup plans is valuable and is important.
00:57:07.180 | And as you look around at the opportunities that you face, as you look around at the things
00:57:11.180 | that are before you, what you might find is that there are a number of different options
00:57:14.180 | which are actually going to integrate with your life goals.
00:57:19.180 | At this stage of your life, I would expect most of your decisions to be very binary.
00:57:24.180 | It's either this or that. And that's expressed in what you've written here with regard to
00:57:29.180 | like it's either this plan or nothing.
00:57:31.180 | As you continue through life, you might find that you can integrate and implement more
00:57:36.180 | things together and that things are not always so binary.
00:57:40.180 | So you might be able to find that as you pursue different things, you might find that
00:57:44.180 | somebody offers you a job working as a libertarian activist and you get to travel Oregon
00:57:48.180 | and make $40,000 a year encouraging people in political principles that are important to you.
00:57:55.180 | And you might recognize because you look at the act business and say, "You know what?
00:57:59.180 | This is fun and I like this, but there's very little commercial opportunity and there's
00:58:05.180 | a reason why there are no commercial yak dairies here where I live.
00:58:09.180 | I'm just going to go ahead and keep my access fund and I'm going to focus on this other
00:58:14.180 | thing that I really like and that's really valuable to me."
00:58:17.180 | And that's okay. Your goals will change. Your situation will change.
00:58:21.180 | If all of a sudden your mom and your dad got sick and now you had to step up and you've
00:58:27.180 | got to run the goat farm and you've got to care for them and they're both bedridden,
00:58:30.180 | that would dramatically affect your plans.
00:58:32.180 | But you would step up and you would take care and you would be the man of the house and
00:58:36.180 | you would take care of the household, but that would affect your plans.
00:58:39.180 | So I wouldn't worry so much about, "Okay, I've written out a plan B."
00:58:43.180 | What I would do if I were you is just keep lists of things that interest you.
00:58:47.180 | Keep lists of potential ideas. Keep lists of jobs that would be fun.
00:58:52.180 | Keep lists of business ideas that you hear. Keep lists of lifestyle choices that you think
00:58:59.180 | are appealing to you. Keep lists of ideas and then reference those lists sometimes.
00:59:04.180 | I keep a file called "Someday Maybe." I learned this trick from reading David Allen's
00:59:09.180 | book, "Getting Things Done" years ago and I found it to be useful.
00:59:13.180 | Keep a "Someday Maybe" list. "Someday, maybe I might want to reference this."
00:59:18.180 | And as you do that, you'll accumulate ideas.
00:59:21.180 | And then if something hits you in the face where all of a sudden circumstances have
00:59:25.180 | changed beyond your control, now you can look at that list and you can have something
00:59:29.180 | to transition into that might also be a good fit and still allow you to continue
00:59:34.180 | working towards your goals.
00:59:36.180 | Okay. Yeah, I have no issue with that. I think this was a fantastic show.
00:59:41.180 | I really appreciate the input and the suggestions and the advice.
00:59:45.180 | It's awesome to have you on again to talk about this. This was great.
00:59:49.180 | I admire what you're doing. And so I'd be happy if you want me to come back in the future,
00:59:53.180 | I'd be happy to do it and keep in touch and keep sharing with me your progress
00:59:57.180 | and the things that you're doing. I admire the work that you're doing.
01:00:01.180 | And I hope that in many ways, I have a two-year-old son and I hope that my son is as
01:00:08.180 | entrepreneurial and forward-thinking and aggressive as you are when he is at your stage of life.
01:00:13.180 | I really appreciate that. And yeah, I hope we keep in contact and we should do another
01:00:18.180 | show in the near future, especially when I get some more things rolling in.
01:00:22.180 | So quickly, I guess it's your time crunch, so you can plug your show and everything you're doing.
01:00:29.180 | Yeah, my show is Radical Personal Finance. And so the best way to find out about that is
01:00:34.180 | just simply search the App Store on your phone for Radical Personal Finance.
01:00:38.180 | You'll find my free app that has my show. I do it Monday through Friday, in-depth,
01:00:42.180 | hardcore financial planning. And my intent is to provide somebody with all of the tools
01:00:47.180 | and education that they need to go from financial dependence to financial independence.
01:00:53.180 | And on my show and also on my website, Nick, you and some of your listeners might also
01:01:01.180 | like to look at the stages of financial independence that I've developed.
01:01:05.180 | There is a show, I can't remember it right now, the exact show that is with the growth.
01:01:12.180 | But I've written out seven stages of financial independence.
01:01:15.180 | Financial independence, we were talking earlier, is somewhat of a nebulous concept for many people.
01:01:20.180 | But I've broken it down into seven stages, so you could work toward it sequentially.
01:01:25.180 | And it's not such a big nut, big number. So that might be something that some of your
01:01:29.180 | listeners who are interested in financial independence might enjoy looking at
01:01:32.180 | at RadicalPersonalFinance.com.
01:01:34.180 | I can't give enough props to Joshua. I love his show. I need to listen to it more often,
01:01:39.180 | but his advice is great. Definitely check out his work, Radical Personal Finance.
01:01:44.180 | Look it up. I'll put it in the show notes. You'll love it.
01:01:47.180 | We focus on my situation mostly here, but this really can apply to any situation.
01:01:53.180 | The main thing I got out of this show was the planning aspect, which is mostly what we did talk about.
01:01:58.180 | Having the most basic plan is super helpful, even if you don't follow it.
01:02:03.180 | Like I said earlier in the show, I've promoted goals-oriented thinking.
01:02:08.180 | Figure out what you want and go for it. If you don't know what you want, that's fine.
01:02:12.180 | Start at basic feelings that you want, like joy or being content with your situation.
01:02:18.180 | Then build from there. It can be pretty hard, but it's so useful. I think it's fun, too.
01:02:24.180 | I don't have much to say other than that. I'm still moving. I did hit some irritating barriers this week
01:02:29.180 | for making any sort of progress. Our basement flooded a couple days ago, so I've spent the last few days
01:02:35.180 | like that. I've been having a hard time practicing stoicism and nonviolent communication this week.
01:02:42.180 | I've been complaining like a toddler a lot lately, which I don't like.
01:02:46.180 | Part of it is that I want to do my own thing away from everybody else, but I have other obligations
01:02:52.180 | like helping my family clean up the basement, which it's unfair of me to expect that I don't have to participate.
01:02:59.180 | But it's been kind of irritating me recently. The other thing is that I don't like living with my parents.
01:03:06.180 | I love them, don't get me wrong, but I'm ready to get out. Yeah, I know what you're saying.
01:03:12.180 | You're going to miss it someday, buddy, and you're probably right. I'm trying to appreciate it as much as I can.
01:03:17.180 | It's just been kind of irritating recently. I'm sharing this because, like I've said before on the show,
01:03:23.180 | I think that I should share what it takes and the struggles I face using the philosophy that I promote.
01:03:27.180 | So, I mean, that's just what I've been dealing with recently.
01:03:31.180 | With that, thank you for listening. I appreciate each and every one of you, especially those that help out the show.
01:03:38.180 | If you'd like to help out the show in any way, you can like us on Facebook, the AnarchoYachtetalism podcast page.
01:03:44.180 | You can share and like the post of this episode. It'd be really great.
01:03:48.180 | You can also like and retweet on Twitter. You can follow me @nickhazelton.
01:03:52.180 | I'd love and be thankful to anybody who wrote a review on iTunes or liked us on Podomatic as well.
01:03:58.180 | You can find the AnarchoYachtetalism podcast on iTunes, Stitcher, TuneIn, Podomatic, and dash yacht.com.
01:04:04.180 | That's A-N-Y-A-C-H-T-O-M or the Liberty Radio Network at L-R-N-D-O-T-F-M.
01:04:10.180 | Once again, thanks for listening. This has been Nick Hazelton with AnarchoYachtetalism.
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