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But then those two founders left the company and over a generation it became, for HP, the problem he had predicted, is exactly the biggest problem for them.
They started in all these installment loans albuquerque payday loans no teletrack different, too many, directions. They came out, for example, at one time with a touchscreen interface laptop, basically. That is a fundamental example of indigestion, rather than starvation.
If we try to do both at the same time, we may lose both.
I think in the early stage of any venture, you just flip the order, you explore, execute, eliminate. Can you tell me everything that you know about this? So in reality, the more we can do that, the more we have that attitude. And when called her to record her that day, she just admitted ignorance, instantly. Greg:You just ask the obvious question, ask the dumb question, just keep asking, you can learn… I think you can 10X your learning, speed, your capacity, not by being more intelligent, but by being more honest about your ignorance. Greg:But he had some really great insight about FOMO and also a similar thing, which is FOBO, which is the fear of better options. I started my first business when I was 10 years old washing cars because I want… because I was hungry, that I did not want to not be able to get those things or do things that I wanted to try and do or go to where I wanted to try and go to. Which is, how can I get better at saying, no, so that I can focus on what my businesses really need or what my life really needs?
The non-essentialist believes that almost everything is essential, and so the answer to meeting that hunger is eating more, right? And I think the essentialist is just a higher level mindset, where you realize, not everything is of equal value. That a few things are incredibly valuable and essential, and most of the other stuff is non-essential. I see it almost opposite to a non-essentialist sees it. An essentialist thinks almost everything is non-essential.
I mean, some super powered executive team in Silicon Valley who is hijacking you day 20 times a day with notifications on your phone to get you to be on that social media platform or on ESPN or whatever the app of choice is. I mean, these people are spending 100s of billions of dollars, collectively, to hijack your day. The idea that you can do everything for everyone at all times and that will lead to success, everything about it is not right.
Greg:What would success look like for you in this area? You mentioned, TikTok right off the bat before, how much time are you spending doing TikTok? Last week, total time on TikTok was an hour and two minutes, total. Most of the time, I get irritated after… Instagram the same way, especially, with a lot of the last few months of politics. Greg:Is it a trade off that you would like to make? Personally, uniquely, and they are coming after you all the time, and in every possible way that they can come up with. Greg:So they are creating huge webs to try and pull you in. David, what can Brandon do to installment loans albuquerque make this easy or at least, easier to make the trade off we just described? David:He could also schedule some time in his day for that. But I worked with somebody who was- Greg:… on Instagram 14 to 18 hours a week, and so he had a part time job being on Instagram, just scrolling. He could only access it, I think, maybe on the weekends or installment loans albuquerque something like that. TikTok, I would say, yes, I could give that up for two months, no problem. If you give up TikTok, and you reclaim the time to be able to spend doing this with your daughter. So are you willing to give your password up to TikTok to David for two months? When you get to the end of your life, you are going to be glad that you had social pressure helping you to do what you say, to me, is essential. What can you do to make it so that you will not break this commitment?
It means that you can have the benefits of all that ongoing relationship with your daughter that will build and build and build. I have four children, so now, basically, all teenagers. Still, one more test for you here, to help make the system work for you.
You could, and this is awful, but you could just rip it up. And I had not thought about it from that perspective, because even just like yesterday, I had a long conversation with one of my buddies about how I really want to launch another podcast. If I had five minutes a day for Instagram, what do I got to do? Somebody installment loans albuquerque installment loans albuquerque else can manage it, and if you just use one of the social media platforms, the management installment loans albuquerque systems, you never have to go on there and scroll pointlessly.
The system I use, you can still write in response to people on there, and never have to get dragged into the pool of distraction that exists on there.
So I was never tempted to go fix the toilet or change the lock myself.
So I think it kind of gave me an advantage into systemizing things.
And my business grew because I just focused on finding the deals, putting in the contract, and letting everyone else do the follow-up, which was the essential part to being a real estate investor. Where what I should be doing is looking for my next hire, that will come in and be the person that puts those fires out for me. Or the next person then will be able to do the job the way that David does, so that I can serve a more essential purpose or a higher purpose of helping more people become a homeowner, helping more people save money through real estate. Training 10, 20, 30 of me to make a money to lend bigger impact than just me doing it. David:So when he started speaking about essentialism, I realized this is my every day, when I get out of bed. If you could work two hours a week on your real estate, you could start buying real estate, now.
If you are focused on the essential stuff, get a good real estate agent to hook you up with some good leads that come in, and then you just go and run the numbers on it. Maybe like having a sit down meeting with a local real estate investor. Go call up a bank, get pre-approved, submit some paperwork.
So, if you continually identify, what is the essential task that I have to do next? David:Yes, but you were tricked into thinking that something good happened, because you learned something new. Take some time to think about what you need to get out of your life, take some time to think about what is essential, calendar it, tell somebody about it, find some form of accountability, because these goals are not going to meet themselves. Keep being an essentialist, and look forward to having you back on the show again next week, David. Be sure to join the millions of others who have benefited from biggerpockets. Help us reach new listeners on iTunes by leaving us a rating and review!
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This episode will also touch on mastery and how you can not only achieve it installment loans albuquerque but also refine it using the four stages of mastery. Stay tuned and be sure to join the millions of others who have benefited from biggerpockets. Specifically, David and I sat for a long time and we talked about what do we want the first episode of 2021 to be about? Because this is always usually the most listened to episode of the entire year. But good things tend to come to people that have gone the other way.
That freedom from worry, and for most people, a million dollar net worth would get you pretty close to that if not over the limit there.
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