Month: August 2017

What’s Holding You Back? – Net Worth Update: $80.8K

What’s Holding You Back? – Net Worth Update: $80.8K

What’s Holding You Back?

In this post, I talk about:

  • My relationship with alcohol and how it affects my productivity and ability to achieve my goals
  • How to evaluate your own relationship with the things in your life that could be holding you back whether it’s alcohol or something else that is limiting your potential

From time to time, it’s important to take a step back and re-evaluate the direction of your life. Over the past month or two, I feel like I haven’t made nearly enough progress towards where I want to be in life. I had an opportunity to reflect Sunday afternoon and it led to a question that I’ve asked myself too many times over the past few years. Do I drink too much? It’s seemed that over the past couple years, each time I slip into one of these periods of stagnancy, it’s been related to drinking more than I should. When I think about myself, mostly positive qualities come to mind – ambitious, confident, motivated, and destined for success. But then, I think about my propensity to drink too much (both frequently and in terms of quantity) and I realize why I’ve been so unproductive for the past two months. Even a couple of drinks at night makes the next day so much more difficult from a productivity standpoint. And then when the weekend rolls around, I’ll go out all night and lose my ambition and motivation all day while I just try to survive a hangover. Is that how a 30-year old millionaire would act? Definitely not. And so, I’ve decided it’s time for a change. While it currently feels unrealistic for me to stop drinking entirely, I’m going to take it one step at a time by cutting out alcohol Sunday-Thursday.

This is a large step for me due to the culture that exists in my current career as a management consultant. Since I travel for work Monday-Thursday, it’s generally to be expected that there will be drinking at dinner time. It’s going to be a difficult week or two as my team gets used to me not being the ring leader, but rather the person stepping away from those events or not participating in the “fun” when I am at those events. But I’ve realized that this is my only option for getting back to a healthier, more productive, more ambitious, and ultimately more successful me over the next several months.

Take a moment either tonight or first thing in the morning to lay in bed and think about your biggest goals in life. Have you achieved them? Are you on your way to achieving them? If not, what has held you back the most from achieving your goals? As you’ve learned, the answer for me is unquestionably alcohol. But for you, it could be any number of things – a Netflix addiction, an over-obsession with sports, or even reading too much. These things all seem harmless on the surface, but if you look deeper, could be habits that are keeping you from realizing your true full potential. One thing to make clear – if you are happy with your life the way it is, it’s not up to me or anybody else to tell you to stop doing those things you enjoy doing. Watch 10 seasons of Netflix in a day if you’re happy with all aspects of your life! But, if you want to make a change to improve your life, your habits will have to change too. I don’t mean to preach because I haven’t proved that I can put this action into practice. With this post, I just intend to identify that I realize that this change in behavior is what I need to get back on track and urge you to consider a change in your own life if you can resonate with me.

If you feel there is something that has been holding you back from extreme success, please share or comment on this post. I would really enjoy completing this experiment with you to see if together we can reduce and eventually eliminate the habits that have held us back the most in achieving extreme success.

Posted by CoffeeForTheBuzz
Why I’ve Taken a Hiatus (and Why I’m Back) – Net Worth Update: $81.8K

Why I’ve Taken a Hiatus (and Why I’m Back) – Net Worth Update: $81.8K

For me, the goal hasn’t changed – at least not entirely. I still want to achieve massive, unthinkable success before the age of 30. But over the past few weeks after thinking a lot to myself, talking with my business partners, and reading opinions about what makes a person successful, I realized that my journey is about so much more than just becoming a millionaire before the age of 30. Don’t get me wrong – I’ll still be trying my best to create a successful company, and I want a million dollars will be a byproduct of that success, but what I’ve realized is I value time far more than money. I love to travel, I love to watch my favorite Chicago sports teams in person, and I love to spend as much time with my family and friends who I consider family as humanly possible.

While at work the other day, I was browsing Reddit and came across a sub-reddit that I found particularly interesting and applicable to the internal struggle I’ve been feeling over the past few weeks. The sub-reddit is dedicated entirely to the subject of financial independence. As I read through some of the top posts, I had a moment of clarity. I don’t want to have a million dollars to say I have a million dollars – I want to have a million dollars so I can do all of the things I want to do in my life – spend time with my friends and family, travel the world, own my own business, become a scratch golfer, play guitar in a blues band, and more. But if there are ways for me to accomplish all those things without necessarily becoming a millionaire by the age of 30, then why wouldn’t I entertain a different approach? But what I love about MillionBy30 is it’s tangible. Monitoring your net worth allows you to keep score and motivates me to keep taking massive action. Will I consider myself a failure if I don’t become a millionaire by 30? No. But I believe having that goal to strive towards will make me a better person as long as I don’t sacrifice my closest relationships in order to achieve that goal.

And this is why I haven’t written a post in quite some time. I wanted to take time to myself to think about what I really want – and I’ve decided I want to continue pursuing this project. But, as it always has been for me, this blog will be more about self-improvement and lifestyle design than strictly the pursuit of $1,000,000 in my net worth column. I hope you all are still ready to stay along for the ride.

What are your thoughts about the focus of this blog? If you are excited to learn and discuss more than strictly the accumulation of money, please share this blog to your friends and family! Leave a comment below with your thoughts, comments, and questions.

Net Worth Update – My net worth has slightly declined over the past month due to a slightly decreased value on my home’s Zillow estimate as well as the amount I’ve been traveling for work. Due to all of the travel expenses, my cash outflows and inflows are both much larger and lead to a more varying net worth week to week. Additionally, I’ve started to make an investment in myself that I will discuss in greater detail in a following post.

Posted by CoffeeForTheBuzz