SLT049: Live The Life of Your Dreams

So, if you’re anything like us you want to live the life of your dreams, right? Well the life of your dreams is different for everyone, but the one common thing is that we all need to set up some mileposts to guide us along the way. Maybe you’ve heard the saying that 'A goal without a plan is a dream'. So, maybe live the life of your dreams should really be 'Planning your life to meet your life goals!' Naw...that doesn’t sound nearly as good. But sometimes it’s better to face reality and not sugar coat things. Whatever terms you want to use...life plan, desired end state, retirement plan...they are all planning terms to living they way we want to live. Continue reading... Main Topic: We totally buy into the thinking that you can live the life of your dreams. It's really not a dream at all, but an attainable goal that needs to be planned for, and the plan needs to be flexible and well executed. The foundation of our plan is what we call our 5 Pillars. When we first started the show, and on a few episodes along the way, we talked about the 5 pillars that guide us on our journey and give us focus for our decision making. Here they are: The 5 Pillars That Guide Us Faith Family Finances Fitness Future Since nothing is set in stone and we like to keep our journey under continuous review, we often challenge ourselves and even question ourselves to make sure we’re on track. Those reviews have been pivotal to us, and make sure we keep stretching our simplicity muscles on a regular basis. That’s why we’re doing Courtney Carver’s Dress For Less and Project 333. That’s also why we like to do an occasional digital fast, and that’s exactly why we’ve changed our 5th Pillar from focusing on “Future” to focusing on “Freedom.” Having Freedom as one of our five pillars gives us the lens to view and evaluate things we let into our lives to ensure they really do make it simpler. That “thing” we purchase today will have ramifications tomorrow, so we strive to make sure it fits our long-term goals. That commitment we reluctantly make today, or make in haste, can also keep us from doing what we want down the road. Taking the time to establish your pillars and deliberately making decisions based on them can keep you on the path for your simple journey. Here's Why We Changed From 'Future' to 'Freedom': One of the best books I’ve read in the past few years, and then bought the audiobook as well, is The Millionaire Fastlane by MJ DeMarco. Now, don’t be fooled by the title! It totally sounds like a cheesy “get rich quick” book, but honestly it’s anything but. I would recommend it to anyone who’s thinking about their financial future, setting up a side gig, or even just while considering how your finances affect how you want to live your life. All of this directly impacts your ability to live the life of your dreams. Essentially, MJ describes three different paths that most people follow regarding money: The first path is the “Sidewalk”, where people are basically living from paycheck to paycheck and buy lottery tickets hoping for the big payoff. That’s their actual plan. I think we all know someone who falls into this category, and heck, I’ve had bouts with this myself in the past! The second path is what he calls the “Slow Lane”, which is basically the deferred retirement model we’ve talked about on lots of past episodes: work hard for 40 years, save money in your 401k, and hopefully you have enough saved up to retire at 65 and hopefully are still healthy enough to enjoy your golden years. That’s a lot of 'hopefully'! Then there is what he calls the “Fast Lane” where you take matters into your own hands, develop the wealth you need to live the lifestyle you want. My take on MJ's main point is that you should gauge your wealth by time and what you need to support how you want to live your life. Here are a couple of quotes from the author: “Time is the most important asset I have,

Fecha de Publicación: 14 de noviembre de 2013

Duración: 21 min