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All right
Welcome back everybody for another deep dive here
Yes
Welcome back where we're going to be looking at well this week we have a fascinating topic we do
I think everyone will kind of be able to drulate to this one at least to some degree
I think so um and so the basic idea is we're going to be be looking at so even how time and money kind of slip away
Yes
Even when we're trying to be productive
It's really interesting
And so we think we're doing all the right things
But these things still kind of fan
It exactly
And we're going to be pulling this from an esa called how to lose time and money which was published um ononback back jujuly of twenty ten okay
So this is a little bit older
But i fefeeling it's still very relevant
Oh
Absolutely
The core concepts are
Are timeless really
Ah ah
I think
Especially i mean just unpreparing for this
I think it's
Yeah
It's more relevant now than ever so um one of the things
That ght was really fascinating
Was read off the bat
That esa says
That most fortunes aren't se st through like lavish spending right but through bad investment that's so interesting isn't
It yeah
I mean
I never thouthought about that way yeah
Most people think of you know something losing their fortune
It's because they just went out and bght a budget fancy cars and yeah live this extravagant lifestyle huge mensions yeah and definitely happens
But i think this esa makes the point
That it's actually more common right to lose a fortune through bad investment
Whether it's in the stock market or real estate or other ventures
Yeah
And so how i mean
Why is that i guess is the question like i think it comes down to our psychology
You know we're kind of wire to be wary of immediate gratification in spending
You know you're about to like drop about much money on some luxury item
There's kind of alarm bell that goes off ten our headrun
Yeah
But when it comes to investments
It often feels more responsible or strategic okay
Even if those investments aren't well thought out right
So it's almost like we have those safeguards against ly blowing money on fun things
But then when it comes to investing
Even though the stakes can be so much higher
Much higher
It's like we let our guard down
Exactly in the essay gives great example
Yeah
It contrast you know someone spending
Let's say five thousand spending on a lavish vacation okay
Which you know most people guhas ant eight before doing that right right
But in contrast that with someone losing millions in a risky investment
In the blink of eye
Wow
And you know that emotional response by not be a strong
Even though the financial impact is like exponentially greater right yeah
Almost like the pain of losing money gradually through a bad investment
Right doesn't n't register in the same way as like yeah buying a really expensive item that immediate like ouch feel yeah
Exactly so i mean
If we i think this brings up the questionally
How do we develop those new alarms
Yes
What kind of like mental checks
Yeah
Should we be using
When we think about an investment
That's such a crucial question
And you know
So how do we calibrate our risk sensors in a way
You know
Yeah Um
I think it starts with recognizing that investments
You inherently involve risk
Ok
We can't let the a lure of potential gains you know completely overshadow the possibility of losses right
So a good starting point is to thirrly research any investment opportunity okay
Really understand the underlying fundamentals and assess
Whether the level of risk allies with your you know financial goals and your risk colners
So it's not just about avoiding like impulspending
But it's about being equally as cautious yes with investments and really doing your homework absolutely
And that's where things get really interesting
Because this essay okay
Doesn't just stop it money okay
It actually draws this really fascinating parallel with how we lose time
Oh Wow
Which i think might be even more relatiable
Oh
I think so for a lot of people
Because we've all experiences that
Yeah
Like you get to the end of the day
Really yeah
Ah what did i even do today yeah
Where did the day go right
And you know the
The offer talks about h feeling unproductive
Despite spspending whole day working
Yes
So you ever had that feeling all the time
We're like i was busy all day
Yeah
Yeah
What did i really accomplish right
And so the offer has a name for this yeah
Ke work the ultimate time trap things that seem productive on the surface right
But don't actually add much value
You know and the sa uses emails as great surfple
Oh Yeah
You might spend the whole day answer emails and feel superproductive
But are you actually moving the needle on anything or are you just creating the illusion of being busy
Yeah
I think that is so common
Now emails just like this concern
I'm suck yeah
And what are some mother examples do you think of this kind of like fake work
I think meetings okay like endless meetings
That could have been an email or a big one
Oh Yeah
I think we all been in those right so many of those
Yeah Yeah
And then social media scrowling disguied ed as research oah yeah
That's a good one
You're like i'm just ah there one research staying up today yeah
But you really just kind of going down a rabbhole
And then there's that over planning
Yeah
You know without taking any real action
Oh Yeah
You get stuck the preparation phase
And never actually get around to doing the real work
That's a good one yeah
So there's so many of those
I mean it
It makes you wonder
Why we so prone to this
Yes
Why we so drawn to those this fake work traps
And the essay brings in a really interesting perspective on this i can evolutionary perspective
Oh wow
Okay
Argues that
You know our hard wired a version of plepresure
Okay
Which servve this well in the past
Um might actually be working against this in this complex modern world
Okay I'm
I'm curious to hear more about this
So think about it way back
When you know we were hundred gathers avoiding self indulgence was crucial for survival
You could just sit around a relax
When they were preddators lurking
Yeah
You gotta be food to be gather
Yeah Yeah
You had to constantly beyond move working hard to meet those basic needs
Yeah Okay
So in that context a version to pleasure make sense totally was like a survival mechanism
Yeah
But fast ford to today
But you know we're facing a whole new set
A challenges that old instinct yeah
Combined with a culture that often equits busy is with importance
Oh
That's so true
You know buse us vulnerable to these modern trap right a fake work that drain our time and energy
So we're losing time and money without even getting any fun out of it
Exactly that's a bad combination
It's a double weammy
And it's the sneaky nature of these trapps that make them so comangerous right
Because we're not even getting that pleasure hit to justify the wasted time and effort
Yes
So we're not even getting the reward
Exactly that should come wasting the time and money right
It's a pretty sobbering thought is mman
It is
It is so i mean this highlits
The importance of being
Aware of these patterns and developing those strararaes es free free break free
But it sounds like simply avoiding pleasure isn't the answer
I don't think so so as the question then is like what other approaches can we take
That is the million dollar question
And it's one that we're going to be exploring in this deep dive okk
How
How do we find sweet spot
Where we're pursuing meaningful work
Allowing ourselves genuine leisure time right without falling into the trappps of fake work okay or unwise investments
Yeah
I think that's
That's the
The balance were all looking for
Exactly so we will continue to explore that yet seems like finding that balances is key
It is
But with all these subtle traps working around
How do we even like begin to developed the awareness to avoid them
Um that's a great question
And i think it
It kind
It comes down to ltivating a more critical eye towards our own habits and behaviors
You know we often operate on autopilot kind of accepting these notions of productivity and success without questioning whether they actually serve us
So it's not just about working harder
It's about being more mindful of how we're actually spending our time in our energy right
We need to step back and ask ourselves
Like is what i'm doing really moving me closer to my goals or my just keeping myself busy for the sick of being busy
Exactly it's like shining a light on those ingrained patterns and assumptions ok
Those often unspoken beliefs about what constitutes real work or a valuable investment okay
And we need to challendge those notion right and see if they hold up underscrutiny
It's so easy to get caught up in the hussel and mussel of daily life and kind of se se side of the bigger picture
It really is in the sa touches upon this
By highlighting the insidious nature of these traps okay
You know they often mascurate is productivity or responsibility
Um making it even harder to recognize them for what they are
It's like their wwolves and sheps cloclothing they lourist in with this promise of progress right but ultimately lead us austray
And that's where developing those alarms
That we're talking about before yeah become so crucial okay
It's about training ourselves to recognize those subtle signs of fake work and bad investments okay
So what are some like red flags we should be on the look out for yeah ah what are the tail
Tail signs that we might be falling into one of these traps s yeah
Well when it comes to fake work okay
One tel tail sign is a feeling of business without tangible results okay
You know
If you're constantly checking things off your to do as not seeing any real progress towards your goals
That's a major red flag
So it's not just about like checking off all the boxes
It's about being productive in a way that actually aligns with your values in your asscacating yes okay
Ah another red flag is a sense of red or a version
Okay
Towards the pket hand okay
If you're constantly procrastinating or finding assigned that yvoid certain activties
It might be assigned that they're not truly aligned with your passions or priorities
So maybe instead of forcing ourselves to power through those tasks right
We should ask ourselves are they even worth doing in the first place
Exactly we could delegate them or automate them or
Or just eliminate them all together just get rid of them
Yes
This rereds ds me something you're saying earlier about our evolutionary version to pleasure
Yes
Ah if that instincts no longer serving us yes
How do we kind of reframe our relationship with enjoyment and leasure that's really interesting
And i think it's
It's about recognizing that genuine leasure and enjoyment okay
Aren't the enemies of productivity ok
You know they're actually essential for our well being okay
And they can actually enhance our creativity and focus
So it's not about becoming a workaholic and just shuning all forms of pleasure
It's about finding that healthy balance exactly
It's about giving ourselves permission to rest and pleasure to engage in activities
That bring us joy and fulfilman without built or the need to constantly be productive
Because at the end of the day
Whawhat's point point of this husesele we're not enjoying the journey
Exactly
And that brings us back to the core message of this sa okay
You know the need to develop those new alarms yeah
New ways of evaluating our choices and ensuring that they align with our values in our goals
So it's not just about avoiding bad investments in fake work
It's about developing yeah a more holistic and nuanced approach to how we spend of our time in our money
Absolutely
And i think that's a great segway into the final part of our dededive ookay
Wewe will explore some very concrete strategies for putting these insights into action
Okay
So we've talked about the traps of fake work and bad investments
And the importance of developing these new alarms to help us kind of guide our choices
But what are so like practical strategies
Yeah
Like how do we actually
Yeah
How do we actually implement this yep
That's these insights into action in our everyday lives
Yeah
That's where the rubber meets the road
Um one strategy that i find really helpful is to regularly review and prioritize my goals
Okay Yeah
So easy to get caught up in that day to day worwind and se se sight of what truly matters so by taking some time
Each week or even each day
Okay to reconnect with my long term aspirations
是有i can kind of make sure that my actions are aligned with my overall vision
That's a great point
It's a having that pumpthis yes to keep us on course
Exactly
But how do we like make sure our actions are actually following through on those goals
Yeah
That's where the concept of mindful decision making comes in okay
You know before committing to any task or investment
We complause and ask our cells
嗯
Does this truly align with my goals
Okay is this the most effective use of my time and resources right what are the potential risks and rewards
And by taking that moment protect our time before diving in we can avoid those impllve ve sions ons we ten lead ad waste ted time in money
So it's about being intentional with our choices rather than just reacting to whatever comes our money
Exactly another practical strategy is to bboundies and protect our time
Time ok ay we we leave in a world of constant distraction
Oh Yeah
It's so easy to appholed in a million different directions
Directions so by setting clear boundaries around our work hours okay
Limiting social media use and learning the same no to commitments that don't serve us
Right we crecremore spspace for things that truly matter poundaries are so important
But they can be tough to enforce
They can you have any tips for lake getting better at saying no
It's definitely a skill that takes practice um
But one thing helhelps me to remember that saying no to one thing is essentially saying yes to something else
Oh
That's a way to look at it
Yeah
So by declining a request or commitment
That doesn't align with my priorities and freeing up time and energy
Yeah
For the things that do
Yeah so about pripriatizing our own well being in goals
Even if it means disappointing other
Sometimes that's a great way to rereframe it
It's ah but being selfish
It's about being selective exactly with our time in our energy
Our
Our tentention
Yes So we
We can show up fully for the things that matter most exactly and speaking showing up fully another tragegy that really helhelful ful is to focus on single asking instead of trying to juggle multiple things at once
Yeah
Our brains are simply wired red multi tking right and we end of sacrifying quality and efficiency
When
When we try to do too many things at once
Yeah
I am so guilty
That i think we all like i'll have multiple tabs
Opah and lion thones buzzing with notifications
Yeah
Million thoughts of my head
And it's no phones
Nothing that's done
It's a common struggle in this hyper connected world
Yeah
But by consciously osing to focucuon one ttask at a time
嗯哼
We can tap into a deeper level of concentration and produce higher quality work in less time that makes us
It's about training our minds to resist those distractions and stay present with the task at hand so cultivating mindfuness seems to be like a key theme running through all of these strategies
It is
Whether it's being mindful of our goals or decisions
Our time or our attention
Yeah
It all comes back to being more present and aware in our daily lives
You hit the nail ahead ad it's is stepping that autopilot mode de right and becoming more conscious creators of our own lives
Yes
Rather passive passengers just going to the motions
That's a powerful image
Yeah
So if we could distile all of this into a single take away
Away Yeah
Would
Would be
I think it would be this the key to thriving in this complex fast paced world is not about working harder or avoiding pleasure
Altogether
Okay
It's about cultivating awareness
Making conscious choices and aligining our actions with our valuing goals
It's about being mindful stewards of both our time and our money
So we can create a life that feels rich
Meaningful and fulfilling on our own terms
That's a fantastic take away
And i think it really captures the essence with our valuing goals
You know
It's not about following a set of rigid rules
Right
It's about finding what works for each of us as individuals and epowing ourselves to make choices that lead to a more fulfilling and purposeful life absolutely
And it's an ongoing journey not a destination
Right there always always be new challenges and opportunities for growth
But by staying curious experimenting with different approaches and continually learning for adapting
We can navigate this complex world with greater clarity intention
Enjoy that's a beautiful way to wrap things up
Yeah
Thank you so much for sharing your insights with us
It's been
Been trutruenlighghtenning conversation
It's been a pleasure
And thank you for listening the deep dive
Yeah
We encourage you to continue this exploration on your own
To charge your assumptions
And to discover what works best for you in your own unique journey
Until next time keep diving deep and stay curious
