#831 – Money, The Journey & Delayed Gratification/
- August 24, 2020
We chat about getting out of the apartment, regional living, investment and shares, financial stereotypes and realities, work and delayed gratification and feeling misunderstood.
On today’s episode of The Daily Talk Show, we discuss:
- Getting out of the apartment
- Regional living
- Investment and shares
- Financial realities and stereotypes
- The feeling of needing to do something
- Work, anxiety and perspective
- A professional gambler
- Delayed gratification
- Being misunderstood
Email us: email@example.com
Send us mail: PO BOX 400, Abbotsford VIC 3067
The Daily Talk Show is an Australian talk show and daily podcast by Tommy Jackett and Josh Janssen. Tommy and Josh chat about life, creativity, business, and relationships — big questions and banter. Regularly visited by guests and gronks! If you watch the show or listen to the podcast, you’re part of the Gronk Squad.
This podcast is produced by BIG MEDIA COMPANY.
It's the daily Talk Show Episode 131. What's happening guys? What is going on? Happy Monday. How are we JJ? Happy Monday to you Tommy jacket. Yeah, man, I just finished golf. That's what James is saying in the comments he's embracing. Just I was just trying to feel what it would feel like to have just finished golf. It's Monday morning, you know, heading for a topic. 20 if you're living in Brisbane, that's not us. In Melbourne. I don't really use 11 did you say top of a live in Melbourne today and there's a lot of house activity you can go out for your one hour. But that's about it. You can make up a few excuses of why there you go the shop six times, but just know it's illegal. Well, I just need I was actually thinking like I need to start using using drugs now using the time that I have the hour a day to do something because I'm literally not it
Yeah, I was like come on just you got to go outside. I haven't gone outside in weeks. Really? Wow watch I haven't like I just haven't left the park because I'm just like the drunk guy thing break hips and she's like you fucking love walking and I'm like, yeah but I just the simplicity of fresh air and walking into houses can't be fact with but I hang on. That doesn't make sense the simplicity as in so this is why you would want to do it so the reason I love it is that it used to be some simple so all you needed to do was one foot in front of the other fresh air all of that something now it is I'm looking at these people wearing masks what's happening here this fucking I'll tell you, I'll just tell you just as a guy who's actually using the great outdoors as much as I can.
Walking hasn't changed. It's still one foot after the other
Fresh air has gone down because you've put a mask on. But it's, I was walking yesterday, literally, I was listening to a podcast. And it was someone saying, When was the last time you went for a walk for no reason. So you're not trying to. It's not because you want to do exercise. Like it's, it's you trying to just you dropping every reason to try and get out to do it. And it's a hard one because that is when you don't want to do it. And you're trying to attach a reason to, to the walk, so that you make it happen. But you got to Did you gotta know I agree. I mean, this is I have a book, which maybe I should we should just read a page out of now. It's called a philosophy of walking. It's all about walking. All right, because we know that I love walking. And we're not even shooting for the stars here. This is just the bare minimum. Like this is just
I actually underlined some stuff in it so maybe I can use read. underlined stuff. Here we go. Okay, go
But then again, it is material reviews, spectacles, a market. I understand what that means.
Walking is not a sport.
When you're walking, there is only one sort of performance that counts. the brilliance of the sky. The splendour of the landscape. It's not Yeah, no, I think you meant what you mentioned is taking into account. You're like taking on everyone else's shit. Yeah, because you can still walk with a mask on and not give a fuck about other people who aren't wearing masks it like because it's not affecting you. If you're just out going for a stroll. It's it's worth it is worth it. What can you do I want you step Count 10 I walking you escape from the very idea of identity. The temptation Yes, someone to have a name and a history Yeah.
Yeah my steps are real low like in comparison to normal a minute on average slightly discussing some I'm a walking guy walk.
Well, you know, you're not needing to walk to the office, which is a couple of K's. My guess is way under 400 steps a day. Can you please seven I've got so for the 22nd of August a couple of days ago 920 I have been trying to leave my phone at home a bit. If I am going out with Bodhi. There's some times when I'm just there's been more skateboard action. So we bought so I'll go the week. Yeah. You just a week or so average.
So the average is 1400. Yep. So
it's like, Sunday for for one. Monday.
One 1800 was beat Tuesday. What happened on Tuesday, the 18th of August to say the eysenck did 3999 that's huge for that.
But then Wednesday 1071 Yeah. Thursday 991 Friday one Wow. to one and then Saturday 650 Sunday I did 490 steps. Yes. Do you remember when you set out to be the million steps in a month guy? Yeah. Fuck my father. Well, three days I had to do 33,000 steps a day and I was waking up at five dude, there was something in the what's a few finish? No, no, I went to a million but what's the code? When does the curfew finish? Give you finish curfew. I think restrictions all finish on September no sorry, curfew as in the day so it starts at 8pm are sorry 5am or 5am till 8pm is when you can do shit. Yeah, so it's between 8pm and 5am in Orlando.
That'd be half but you gotta say like the first wave if you go to Josh Johnson on my if you go to my Instagram you can see I did a series called alone outside where every single day I posted or was it five or 10 photos that Josh what once had a viral video
it it's so but the thing is I wouldn't get away and and this isn't saying that I need to be doing something to go for the walk but I wouldn't be able to if I did what I did then with having the camera out and taking I would have been stopped straight away
no one around trust me I've seen so many fucking people pushing it hard hard like the people is that the out of their area I wonder like with saying no no. How did they areas like St Kilda calling what could people just pushing the boundaries of
is how far they may have to this is the thing is that I don't want to push the bat like I just like I am someone even though I am pushed back Janssen I don't like breaking rules. And so I just I just don't want to fucking I don't know like, now that we have masks can more than one person going to lift at a given time. I mean, even if you only do see what happens going till you need to do is look at what's happened. You haven't done faculties that like you haven't done the walking
right forever. This isn't gonna be forever, I think. I mean if it's, I've got my exercise bike. I was using my exercise bike last week. So if I continue that I was doing 20 minutes a day, but but I should but definitely
it's good to have some exertion. I like the point around, just use the hour a day to be outdoors. It is good. I think it requires an early stop for me. I think. I think
if I can do it where it's not hustle and bustle. And this is that this is the weird thing. You know, we're talking about, like, you know, where would eventually one day move? Yeah, my parents are building placing cows at the moment, which looks great. And like it's gonna be, it's got that sort of coastal sort of vibe. I think I would like it. The thing is, though, with all of these places, it's like, these sort of estates, you have houses on top of each other. So it's like they've got like a double storey next door. And it's like, you can sit like you can see like, it's a bit ridiculous. Yeah, I mean, what you need is acreage, and a bunker to really have no one believed that anyone could live on that property. So that's what I was looking into. But man, you have to be a multi multi millionaire to have a bunch of land like and because I was looking at it, so I started off on real estate.com today, you started on
Where was it? author's seat, looking at place after step off the seat, couldn't find anything that I liked for under
I mean, others say it's pretty flashy, like isn't if you owned a property, there's limited space in after seat. So it's like, if you own the property there, it's probably been in the family for many years or you're really rich. Yeah, I mean, this is gonna be the case. Anywhere you go, you're gonna have to go somewhere where people don't like yet. So it's not probably going to be a smart investment. It's purely based on being cheap and away from everything. So I was so sad zooming out, looking. Yeah, there'd be like it. I mean, it's fine, but it's germana Rose, but all these places, this sort of outskirts of the nicer areas. But one wonder, has the driving which is handy, but I will become nice. I guess that's it. I mean, it's a different story when you actually have the money and you're ready to do something because then you can say, well, it will become an
So it will become gentrified in this area. So then what I was thinking is I was like, okay,
maybe I don't want to so I like the idea. I've spoken about regional stuff. But then I was trying to put myself into the reality. I think there is a part of me that likes the option of going outside and having a cafe. It's a real commodity. Well, coastal towns, I mean, they were expensive. I mean, this is, let's step this up again. Let's step this up, and start bringing that back in by you dromana property mate. It's, I understand what you're saying. But I know I was actually I was watching a YouTube video on a guy like it's just a content creator dude is like an artist. And he started a new channel, where he's talking about it's the guy who um,
has Mango Mango Street is his,
his his YouTube channel, and he's got his own YouTube channel now, where it's
Like how to make cash, right? Where he just like, demos, it's sort of like, I'm not a guru type of thing. Like, I'm just gonna try these things. And he was doing trading, right, like stocks and shit or like I didn't completely understand buying contracts or I can understand it. But anyway, he went from 1500 bucks, he had a 1500 bucks by the end of the month, he had 60 grand, right? And I'm not one to buy into this type of hype, where it's like, yeah, you get rich, quick lambos and all that sort of thing. But then he was explaining it where it's like, oh, yeah, so I just like, you have to work out whether Apple is going to be fucking like you, you lock it in at a price or whatever. And then
if Apple goes up or whatever, you can then like, sell it. And then you get the Yeah. And so I was getting. I had this moment where I had to catch myself on the weekend, where I was like, I think I could do
This I think not only can't do this, but like, I reckon I could fuckin get get really obsessed. Get it on the computer do like that day trading shit and all that sort of thing. Yeah. But I think that it's, you hear about it. Have you heard of Robin Hood? No. I mean as in Yes, yes, but no not. So this is an app, there's an app called Robin Hood. And
it makes it easy for anyone to trade in the US. But it's become so easy that gronk 's are doing it and they're like, a guy fucking killed himself after he lost $100,000 just because it's so easy now. Every man and his dogs doing it. They think it's easy cash and they're watching that I can David Portnoy or whatever from Barstow saying, I can buy these and do this and all this sort of thing. It's like, there's there's no like, it seems like really easy money. But that's what scares me. I feel like
Eventually, this is all gonna catch up. And even when I was watching the old documentary on the big crash or whatever, the great depression
that was talking about it, like people were fucking
killing themselves because they had, like, taken money out of the tail of the the work that they had. And they'll put it into the market because they knew that they could fucking double their money. And then one day, it didn't happen. Yeah, I guess it's like any investment opportunity that suddenly appears is, it's so if someone offers you an investment opportunity at that point, you you've taken out all of the work of identifying and finding it for yourself, right. So you, you're relying on someone's word. I mean, it's the it's almost the equivalent of the network marketing star. So back before, you know, the apps were a thing where you're just making investments you someone would, you know, meet with you tell you about a product and tell you how much of a good job
opportunities and do you want to get involved and buy like the it was a hot higher barrier to to get in. And then this is the promise was still there but now if it's all just via your phone it's the same thing with gambling. My mate had a gambling problem was waking up at 3am betting on handball in Kazakhstan. It's too easy. It's literally the thing the fucked up thing is that what I was sort of realising when I was watching it all was you can create a great story around Oh man, I know so much about Apple and like what excited me about it is not the money bit necessarily. It's the Yeah, think about Fitbit. Think about Remember how I said how fast Fitbit was going to be. And my brother was half it's gonna be great. I said not Fitbit. This this stock is going to be fact if we look, and that was, which is the, this is the counter counter investor because you're just telling people to get out because it's gonna be
So that's so this is what you can do. So there's I forget all the fucking terms, but we've been on people losing their whole business. Yeah and so what you do so what you can do is I mean we should have an investor on to actually explain this but
like you can buy these maybe it's fucking cold options or whatever like so you buy a contract and what you would say and they have expiry dates and shit
but what you can say is okay at Apple for instance if you thought that Apple was going to
lose like value you could say okay
no for fucking listening to this guy and JJ is butchering this but you can basically say, Okay, I am I think that it will get to
you can lock in a backpack I'm overly excited. Now it looks Oh, it looks fine it basically you can say I think it's gonna fucking lose money and then the difference or whatever what it goes down, you can factor
Take but then I don't understand what it means from so many things like what it means from like a tax implication perspective and if I can,
but what I do like that the bit that excited me was, I feel like there's so many times where I look at something and I say, like, say for instance, everything is happening with Google, and then all the anti trust stuff and all that sort of thing. I could like look at the news and say, okay, based on this, I actually think that it's going to go this way or say with the whole fortnight thing thing with Apple and saying, Okay, this is like, I reckon that that the will
go into the favour of the developers and so then that will be seen as a, you know, I understand whatever you said, I want to put money behind it. I don't care. Oh, I've got 10 grand. Can you invest for me? Jackie, I'm starting. What about starting a TD t?
As Investment Fund, well, we just stopped putting in small bits of cash. This is the thing you don't have to invest. Like. I think when people think about investing, you've got heaps and heaps of money. So people are investing smaller amounts of cash. Well, what about so what I thought I wrote down this
will just to give you an idea. So when my brother and I were fighting about Fitbit,
that was 20 2015. And the stock was at $47 and 2015. Its stock is currently at $6 35. I mean, I don't know what that means. So I should be a billionaire, I think, based on that, no, but what I was thinking about what I wrote down was, um, paper trading.
So in currency or now so I think what paper trading is, is it's like, I don't know if you ever did this in school, but they give you
Like a login, and you trade stock, like you trade stuff, but it's all fake. It's all based on the actual markets. But you understand how it works. It's sort of like gambling in the library. I used to play drug lords. It was this sort of like, it was this bizarre game that was like
you just press these buttons on the screen like buy heaps of cocaine from Mexico. And I'd like you just see this number going up and you've been captured by the cartel and you've had your head cup. It was bizarre if you've ever it's very nostalgic. It was this weird game on on Windows probably about 20 years ago. So what how do you feel like what it would be good if we could find a
trading social network where all the grounds can go on there, and I can then flex my my knowledge of the fucking tech industries or whatever, without us actually losing money and then maybe I can be proven
Maybe I'm not as smart as what I think I am. Maybe I think you are investing you doing the handshake saying, I'm I'm okay for losing money, you don't want to, but that's what investing is. Yeah, I remember my mom's friends. We went up and stay with him on the Sunshine Coast. And so funny, it's like, whenever I smell percolate percolated coffee in the morning, it reminds me of being at this house when I was probably eight or nine. I'd wake up and I'd smell that and I go and look out you could see the water and I would see this couple that will staying with they you know, we're waiting for the stock market to open and then I'd be spending the mornings on the stock on you know, looking at the stocks and and doing the trading the day trading. And, but that is becomes a job like you need an interest level that is so high. Like we have some how long I look at, like how much I've looked at podcast analytics that go on
Is it any fucking cash? Surely no shoulders if I was to think about my obsessive nature and think about how, like, I loved strategizing and tweaking things like, yeah, I think that I'm actually, like, not joking. I think that
there's a lot of people obviously, that it's a bad idea for who's just like just trying to fucking make guesses or whatever, and everyone's making a guess. But I'd like to think that was a little bit strategic.
I mean, but so it's like anything. You it's like saying, I want to start investing, but then there's a version of before you even have any cash at looking at what your superannuation is doing and actually understanding where the money you have and what it's actually doing and how it's making its money. And so it's like, you have to understand it's a trap. You realise how little you know like, what I'm like, Fuck, okay, I'm going to do this. Now my Okay, I'm going to set up an account for
Like, the website, I was just like, like 97 companies set up one of these accounts already. It's just and that's the thing all what you're talking about is the easiest part of it. And I don't count on it. I think that the, the hard the hard bit in Australia, especially since like, it's not like you can download an app, but it's like, easy to like, in the States. A lot of the trading there's not like crazy fees associated every time you do a trade in Australia, it's like you clocking up fees, especially with like the big names. I know, I know. But
I look at my brother's like if it was easy, like so if the barrier to entry was like, download this app, connect it straight to your IMG. And then there's like no fees, you can just and it's all very easy. Yeah, just imagine that the trap though, the easy bit I'm talking about is going to the website and sort of wanting to do the account but without getting into the actual
Right, that's exactly exactly that's. That's podcasting. That's fuckin filmmaking. Yes. And so when do you When do you go? Because it is central. It's it's purely attached to cash. Like you say that that it's your I mean, if you had the interest that you do in stocks as you do in podcasting, you'd probably have a lot of money because it makes stocks. And maybe maybe I'm oversimplifying this but and this is the issue at the moment by the sounds of it. It's like the markets aren't acting as like as they should based on okay like the actual value of companies and where the stock price is going. But if there is a connection, if if it is about value of the company,
like I was, I was listening to the random show this the Kevin Rose and Tim Ferriss, I sent you the link. Is that very show? They do that? Is that yes.
Oh, yeah, well, I was I emailed them in 2010 about it. So they've been doing it for like over 10 years, but it would just be really coming in and out of doing Yeah, well, yeah, they would just do it random. Like they'll do like, the night whatever. Yeah, no, no promise no promise of a show. That's the name of the show. But um, they talking about like early adopter stuff. I was thinking about all of the, like, what is the use of all the geeking out that I do, like I was watching an old video which was like 10 years ago, that was talking about square, you know, like the payment system. It was like the first This was when it connected to your headphone jack. And like, say Kevin was doing like a demo or a demo or whatever. I was just thinking about like, how many things like so for instance, it's that whole that whole case of like I if you took the price of an iPod, and instead of buying the iPod, you put it into Apple stocks. You will
be worth like, a fuck tonne of money or some shit? Like, I don't know. Yes. No, I know, where where do you think is the better gamble for you in terms of? Well, the thing is I don't. So I don't I think that it's you just have that thing where it's like, um, maybe
there's a real direct correlation to cash versus say content it's all like trying to work out the exact model. I think that
even though I'm turning like I think that the where I land with things is I'm still fucking young like 30 I turning 30 next month is still really young. And so if i
i think that the biggest risk that anyone can can take is just getting out of the thing that they're building too early. And so for me, I'm like, Oh, where are the early like, wherever we end up
it will like will be closer to understanding
We need to go. And I think that all of those things that's like, I'm gonna do trading into like that is this sort of
it's I don't think it's like it's not productive. It's I think it's just like, that's the distraction that 99% of the world gets caught up. Could you speak to people you speak to people who
could be trading, but also just people that have cash? And it's not this there's no correlation around, like having cash and being happy. I think that's like the flower. So it's like, Okay, well,
part of it is identifying. It's like, okay, it's like the ownership like the homeownership thing. Like in Australia, there's so much sort of emphasis on what owning a home is going to do.
Whereas like, most people have massive mortgages or whatever, and they don't really own the home, but it's just this. Yeah, it's a weird switch in your head, where it's like, I could never
Imagine sight when I think about like, the dream of like the fact and the bigger property and having the studio space. Like, that's never a rental in my mind because I'm like, I want to be able to fucking like, knock shit down and get things set up properly and feel. Maybe it's like a sense of security, maybe especially during a pandemic, that's what everyone's seeking. I think we look to what is sexy, right? And that is having the the property the acreage in the studio, all that right. The reality is though, y'all fucking said guns are diff I'd have to have a gun and a tractor. What's it
I'd have a just over and under shoddy, just just and the clay target or just clay targets. My brother's got one. He's got a target slap. Not real gun. Anyway, I would love
if you think about it. The what? What isn't sexy, or what isn't sold as sexy is understanding your superannuation.
getting out of debt. So you can have a savings account and some backup cash times like this. And that's what most of us don't have. I think there's a majority of people that don't have that. That should and then that's like baseline. And so it's hard because I yeah, I'm totally
drawn to the sexier version, not the baseline health, health check of like, you know, having something a healthier financial situation for myself, which I guess that's the Barefoot investor is bullcrap. It's like
the majority of people around, you know, the average income, whatever it is 60 grand, and you can still own a house, it's earning 60 $65,000 you can, there's a whole bunch of things you still can do with the lower end to be financially secure. And so that's like, even, like,
okay for us on their own path as well. Like, everyone's seeking
like Britney and I, from when we were 18 years old, we're like, we're not going to have kids. And that was always like, part of the, it's not it doesn't really sort of, I don't think that says, in our sort of life, that's not necessarily what we're sort of, like drawn to. But then there's also the financial realities of that. It's like, Okay, if you're not having kids, you can do things in a slightly different way. Or it's like, there's maybe not the, we don't have the pressure of having to worry about school fees, or all of these sorts of things. So it's like, that's where I think that sometimes it can get confusing for people because why is that person not worrying about this or why are they worrying about that or what's happening? Like, everyone is so different, let alone like, people just receiving cash from family just like inheritance or just let you know getting you know, bits and Pitt like everyone's on a different path in that regard.
So that I guess the risk is that you can't I think I was getting like not enough to price but just like looking at Real Estate it's like have a fun Yeah. Do you ever like how like, what what's going to happen to be able to get that and I go through two different thoughts. One is bank robbery.
Now only fans know the where I go. there any Juno's on only fans could waste
there would definitely be
is Josh and Tommy available on smoking below 69? Well, maybe it'll be Tommy and Josh because you'll be doing more of the work. But the Oh my god, there is.
No so where I go as I go down two paths. One path is, is it's like detachment, finding love the life that I have. I've come comfortable now. The internet is great. We're close.
To things, it's great. I can say the fucking city from my apartment, it feels nice.
Then there's the other bit where it's like, I need to print out a photo of the fucking big property that I want. I need to fucking have it there. I need to be working to what band like, you just say that happened so many times. And then the other thing too this is this is what I also do. I'll watch like, like an architect's digest or whatever, or just any of like any shows where it's like, showing around the house. And I just look at these papers online that you know, I reckon I could be happier in that house.
Yeah, just happy fuckheads don't know what's going on. Like if I had that house. I'd be chilling out. Be fucking right. Do you know what I mean? Oh 100% and over the weekend, I found myself feeling I found myself feeling restless and settled.
which can cause you know, slight anxiety, it's like could be irritable, you know, expressing itself as like, you're irritable or on edge.
And it was because I was thinking, I was feeling like I needed to get stuff done to take me forward. But I think it's like, but then when I thought about it, I didn't have anything really to do. And that's, that's the trap of someone who's trying to develop a build a business or something, it's like, you could that one one school of thought could be there is always something to do. And so but the trap with the, there is always something to do mindset is that you can always feel like you're not doing something because you should be and then that feeling of, you know, are gonna keep going. And so, maybe one of the traps of putting up, you know, say if you we've talked about, you know, this this mission of 10 years, and it's around, you know, we're not looking to sort of do this big
Sell it in a sell out of the show, like a buy outs from somebody to come in and swept away like, but then you could see how if you did have that on your mind, you might get close to doing it, but you will also feel like you're not there yet because you like so yeah, it's just it's, it's um, yeah, I wonder if that's the prize that you really want to be going after? I mean, well, yeah, I mean, putting that photo of a house up. Mm hmm. Yeah, maybe. Maybe.
I'd start there coke ball. Am I putting it again? Yeah, I mean, there is a version of so check them out in index cards and that feeling of, you know, needing something to do. It can be dropped when you can realise that it's not that it doesn't really matter. There's nothing to do. Even though there could be something to do. You can just stop that. Isn't that
Howard Oxbow of the whole thing where it's like, because we look at people that, that have that mindset. And we can be like, they're not taking full advantage of their life. But then there's the other version where it's like if you are doing stuff, and having a purpose and getting fulfilled, but you want attached to all these other things that can be super beneficial. So I think that that's like the the new ones that we're talking about is it's like detachment while still having purpose. Yeah, yeah. And when it's like people who are working on themselves and get themselves in a great place, and then they find themselves in a relationship, but before that, we're trying to look for a relationship without looking at looking after themselves. And so there is a version of
contentment in the moment. They get you to the place that you felt like you were just grinding for previous
Work is still you know, required right on all these things. But you can, it can be a bit more peaceful the journey doesn't have to be as fucking anxiety producing.
That's what yeah, I think that that Yeah, there's a um, but then there's moments
like Jason freed who wrote it doesn't have to be crazy at work watching an interview with him. I love him. Yeah, he was saying there's actually a great video. He did he, he enough he still does, but he wrote a column for ink magazine, and there's a video on YouTube. They've got like an account for Basecamp. They haven't updated in about a year. But he records himself writing the article and talking through the whole process. So it goes for about 40 minutes or 35 minutes or whatever. 40 minutes. And it's his screen and the video when just audio and he's processing
It all is really great. But one of the things I was thinking about is so he has a product called hate comm which is you know, trying to revolutionise or change the way we use email
and he I don't know if it was in the interview I sent you, but it was he spent the last two weeks just like hectic with all of this stuff and trying to make it work and all that sort of thing. It's like the ROM even the people who it's like, it doesn't have to be crazy at work. Erase about it. Yeah. And, you know, experienced times where if you're working on something that is a value if you're pushing the limits, it is hard sometimes. Yeah. And and I think
that it has to like most things require some level of hard work at some point doesn't mean it's all the time. But yeah, like that guy was saying is, you know that you launch something and it's going to be
hectic and so if you could look at this period, it's like Are you up for it? I think that's the thing I you up for
getting through a small period of time where it is hard. And sometimes you sometimes feel like the hamster wheel, like so the hamster wheel like they are both a version of a hamster wheel. But one of them.
It's it's it is that thing that we've said the other day is it's not linear. It's like, it's, um, and it's very hard to understand if you're making progress in some ways. Yeah, yeah, one thing that came to mind, I still haven't do it, but I still haven't done it. But I legitimately felt better when I came to this conclusion of what I could do. When I was feeling a bit anxious about, you know, what I needed to do was stopping and writing out all the things I've achieved over the last year and how far I've come. And it's like funny, I should. I will do it today. But the perspective shift
Have I even just started thinking about a few of the things that how far we've come? Yeah. And then I was like, I feel better. I feel less like I'm needing to go and do something over my weekend. Because the trap is that you just, you're so focused Monday to Friday. It's like it's it's a it's a bit silly to think that it just stops on Saturday and Sunday. where, you know, you get fired up, you get you almost get clarity. You get clarity to work out what could What else could be done. But yeah, I guess I get playful, and when I get playful, and it's a sort of.
So I think that I end up like, opening my eyes to more possibilities. I'm like, oh, what else? What else? And so I'm like, instantly so I can I got a subscription to Skillshare and I did like, two hours of motion graphics training on like after effects. I'm like, oh, okay, like, what else am I
doing stuff about design. It's like if I can see
And that was like, Saturday night. I'm like, you know what? Yeah, we like, I want to like, I want to explore this design stuff more. So I'm on dribble, I'm doing all that sort of stuff. And then yeah, it's
Yeah, there's definitely progress. So for instance, you need that. So I've definitely probably three weeks ago, I went through a very clear detachment phase where I'm like, I'm not playing any games. I'm just fucking sitting back and just enjoying stuff.
But I think potentially I'm so enticed by the other things that I do enjoy. I do enjoy doing this stuff. Like I do enjoy learning these things. And so when I discover something that I haven't yet learned, I'm constantly like what like I then fact and found a iOS development like learning swift like, I was like fact, I sent it to you sent me the you sent me the beta version.
The app you've created that's good. Well, maybe I get it maybe maybe we should build an app but maybe I could Yeah, maybe I could. I thought of writing I wrote like fucking 3000 words on the weekend and it felt very desired fuck I don't know he figured that in basically it's a good effort. It's fucking draft is great. Like I am not drafted it's you know, it's actually given over to an app. No, but just the the mindfulness practice of just having the
being able to take notes and what I've done is I made the the text size on my computer fucking huge. It's almost looks like a teleprompter. And I'm just like, and I get through, you know, 567 hundred words in a sitting very easily like writing out like full blown articles or bits and pieces.
So it is the school. I wanted to tell a quick story about the when you're talking about the gambling friend
I have a friend who
was really into gambling sports type stuff. And
he had a like a day, like Actually, he had a job that was like shift base. It was just a casual, casual style job. And I've been catching up with him a bunch. And this is going back a few years. I said to him, how
I would ask him, how's the job going? And you tell stories a lot. So I think anyway, one day caught up with him. And he's like, Hey, I have something to say.
I don't actually work at bla bla anymore. And I haven't for the past year or
so. So I I won over $100,000 on this, like a gambling thing. Like he did like what's it called when you do three things? multi bit. He had a big multi that and so he goes and so since then, I've been a professional gambler. And so my family doesn't like
I haven't like so he he was living with his fam akise parents. And
but he didn't. He wouldn't like he didn't tell them that he was doing it. So he would actually leave like because he was close to the family, he would have to like leave hasmukh going off to work. But he couldn't bring himself to tell them that he'd quit his job to do this professional gamma sign. Was he still wearing the uniform? No.
Question. He did a bit he did. Fine. I mean, there's a few things. It's hard. It's hard when you can't be honest, is the energy that it produces definitely. Within You know, your your world and your aura around gambling. Seems like Exactly. And so and where is he today? I guess that's the question. Yeah. I don't know how he's going with these. With these gambling. Yeah, but, ya know, I wonder Yeah, I wonder was it I mean,
It's interesting because people look at poker players probably with less less of a sort of negative view than someone who is a professional gambler who's just working out doing multi bets all day. So it looked legit like he had crazy spreadsheets and all of that like you can get right into it right yeah, I guess Oh yeah, I guess the point is, is that if sports his thing if he's really good at sport, like it's not too dissimilar to the sharemarket Oh, yeah, definitely isn't interest level to understand how it's all happening there's a difference between someone who's just got an addiction down the tip soon as it opens to put money on whatever they think he was actually
he was banned from all the main the main ones because he was winning so much. Really? Yeah, so they do that they'll just fucking bat like sports bed all that they'll just ban you, too. Good.
I mean, how do you go just just quickly, all the stuff you do over the weekend? And then integrating back into the realities of it might have a finance chat at 1030 this morning with our accountant to understand the business, how do you go just in terms of casting your thoughts in a different way? Because I have though, you know, I feel the same I sometimes go, what would it look like to be really sort of, to be doing something that's less? That's less chaotic? It's like, think about you just working on some animation and designers, Josh Jensen by himself. It's like, yeah, you could create a really slow, slow business that's, that's slowing. Like everything. It's just slow, being positive, slow being left at the default stuff. Yeah, exactly. You could do that tomorrow. You could do and but what it requires is none of the stuff we're doing. Mm hmm. And so how do you balance the two when you do go deep into a world and then have to come back to another
Huh, yeah, I was thinking about that. I think it's um
so it's not it's, it's, it's doing things that will move you forward. But so for instance, it's not Um, so think about like the office, I think that an office space is like a house. It for a lot of people it represents something. So it's like it represents the story. So for me, an office might have talked about like, the fucking the next office with 50 metres of cork board and all that. So I think it represents collaboration, it represents that we've, we've hit certain
milestones in regards to revenue, all of that sort of thing.
But then, there is there is the version where
you create creating a version that is less intense, but will Yeah, and so that's why that's
I guess I'm trying to uncover at the moment is,
you know, you'd like you go into the passive income thing. It's not even passive income, that what what we're seeking necessarily.
We still do the show every day and we do it. We've got other podcasts coming out, like all that sort of stuff. And so I think it's about
you know, what, what am I What am I taking out of it? I think that it's you're doing so where I landed on yesterday was it was like, Okay, take all of that energy and just do it on one specific project, do it on that project, see it to fruition and when I say to fruition, it's like to launch and that launches like you're only talking like four weeks of your life where it's like, getting it to a point and then put the systems processes in place. That then you you can remove the intensity and let all of your
work done, like, you know, let your work sort of do the job for you.
Like, I was reading the messy middle,
which great book and that they had a bit about Jeff Bezos in the early days of Amazon. And they had a really big quarter. And he made a really strong point to say that this this strong quarter isn't from the work that we did. This quarter. This performance happened three years ago, all the seeds that you're planting. And so I think that the friction that we sometimes feel is we are constantly planting seeds. We have so many crops that we're sort of working on, and we haven't yet properly, like you see, you see that the work that we did at the start of the year or whatever
Which is helped us today or things like that. And so all of the stuff that we have done during this time next year will be like, man, isn't it just crazy like it will feel like lock or veal. But we put in a fuck tonne of work right now behind the scenes to get it to a place.
It's like SEO. It's like full stack films. If you think about it's like, think about how many leads come in how many people wanting Video Production Services. That was work that was done fucking five years ago that was obsessing with SEO and building that website and doing that five years ago. And so like if you imagine that and then think about all of the other things we're building now. Think about what it will then mean on the other side, I think that that's part of what I'm been thinking about. Is it perspective that you're you're the that you can pull and put into place now, which is what we're doing now means something in the future whether we feel it now or not. So when I feel today
Like I'm not being productive based on having to do this thing.
Yeah, well, you could say, so you could say like, let's,
let's bring less intensity, you could do that. Let's bring less intensity.
But, like, we will feel that eventually, like there will be come a point where we have a bunch of realities that we need to work on. And so, for me, I guess it's like, part of it's just hedging, hedging our bets. So it's when it gets to that point. It's like a really easy transition. And so you can, you know, rather than cramming at the last week that you have to do something, if you do bit by bit by bit by bit.
And so yeah, I think it's a
it's a hard one because I understand that, like, for some, it's just anxiety inducing and and you just need to be in survival mode and just like survive
But then for me, I think,
especially I think because I'm not fucking going out and walking, so like, I want to do something. I'm not someone that's going to binge.
Like, I don't binge TV series or anything, like, I can watch two or three, but it's like, I can binge.
thing I could do four hours of tutorials or training and that's like, because I'm, like, actively I've got my computer and I'm doing stuff. Does that make sense? Yeah, I mean it all. That's, I think everything that you do, definitely has that effective. Coming into the
the, the important stuff that we're doing so even though it's just Dwight creating anxiety, do I did you have the weekends that you have nowadays? Did you have them before you're working with me?
Are the weekends I mean, there's not much for waking nowadays, at this moment, but
no, it's definitely the show. It's definitely the the
level of commitment we have to it record, you know, removes some other stuff, but that's where it's like it's not an excuse, because you need to then find it. So it's finding, if we create one habit over here, which is the show showing up to do that the business, it's a it's a everyday thing. And so you're always thinking about stuff around what needs to go into the shower, what needs to go into the business. It's
it's definitely a different life to what I had previously. But then I also think back I'm like, the fuck was I doing? Like, I feel like I'm utilising my time way more now than I ever have. And what was I doing back then? Was I being lazy? Like I think you can always look back Can I just quickly get the messy middle I underlined a few points. I feel like it's a great guide and I'm just gonna go get it. Go get it.
Just checking. Currently 24th of August guys. It's a
I am here in Melbourne. Joshua is just going to get the book that he's been writing. This is good.
Okay, he's gonna, here we go. So this is it's the messy middle by a guy named Scott
Belsky. I think Scott
created behance, which was bought by a diet. So
there's some really good stuff in here.
So this is what you're reading over the weekend. Yeah.
So it's specifically around here we go. So these are all the bits that I underlined.
While many people claim to value long term moves, few people have the patience. Curiosity is the fuel we need to play the long game. When you're genuinely genuinely curious.
about something, you're less likely to measure productivity in a traditional way. The long game gets even harder when others get involved. If you're really playing the long game, and turning down immediate opportunities, people will probably start it start to scratch their heads. The seeds, you're planting, long term relationships, curiosity driven exploration, thought experiments, a lot less likely to be supported by others, both socially and financially. And then, in a talk he gave at the Aspen Institute in 2009, Amazon founder Jeff Bezos
said, invention requires a long term willingness to be misunderstood.
And then, outside the quote, they said that to sustain yourself over this time, you can't look for accolades and you can't rely on being understood.
I love it. And then it's, I guess the, the tricky bit is being misunderstood, has a real feeling behind it. And so then you're really having to use your mind to say, I feel that feeling of being misunderstood. It makes me feel like shit. But there is another version of I believe in what I'm doing, regardless of what other people are, how they're reacting. And then there's the reality that if you can be fucking wrong. I mean, they're wrong. So that the one with
Jason frades business partner, was it DHH
is his nickname David Heine, Maya Hansen. He said that Facebook wasn't going to become anything. It was it was very wrong about that. Yeah, but I mean, this
thing is the thing is that I think that part of it, reading this type of stuff
I think about
when. So going back, when was it 2013. So seven years ago, at Southern Cross austereo, when they were talking about a new Spotify competitor, it was called song. And the one of the executives stood up to the content team and did a big presentation. And they talked about they're doing visual ads and all this sort of thing, that we're going to be doing exclusive content. And I just asked all these questions, and I just I never felt like
it was like, it seemed like such a weird move based on
sangala was a product called Anubis. Like, I knew all of this information about the product before we got into SEO is hands so they've done an acquisition or whatever. And I remember when I
I was you know, I was only 23 at the time. And I was questioning that. And then I think about like, even and so that ended up shitting the bed, going, you know, not really going anywhere. And then I think, and that was gonna be the fucking Spotify killer. You know, how's it how's that turned out? But then, but then you look at say what's happened with all of the regional breakfast shows? And I think about thinking like being in radio and being like, how is this all working? Like this doesn't make sense. This is all going this way there is all of this opportunity. And they don't tell him sorry, the thing was that like, the instincts, that intuition was right.
Like big companies are wrong right now. And so you can complain or you can sort of pointed out and talk about it. Or you can do I think what we're trying to do is it's like,
do something else, like do the version like actually, you
Use that to be productive and to do the thing that we think will be the long term game. Yeah, and and what's clear for other people though, because they're saying big businesses doing it a different way. They think you're wrong. Because if if you can see other people doing something you're like, yeah, that probably more likely the thing that's working than what you guys over here are trying to have a crack at. The misunderstood thing is very powerful. I think that that is why most people don't do like the big thing like so when I push back on the podcast, rancour, not like you could read like, he's like, I was misunderstood based on what I was saying where people thought that it was a
sour grapes based on us not being in the rancour or something. It's like we could be in the rancour tomorrow if we wanted to. But
Exactly, and so, it is. It's an interesting area. But if you can get past that, if you can be very sort of clear in your conviction.
Which is hard because there's so much ambiguity you can hear us just talking about everything from what we want to do personally buying a house I wanted to buy fucking barbecue. And then I measured it up in our balcony. Fuck, it's gonna go to the door, so I'm not I'd have to have the fucking apartment door open to stand at the barbecue which seems dangerous, impractical and then so that's why I'm fucking looking at places that might well we're gonna have to fuck a moose. I can fit this barbecue like yeah, I need an acre because I can't get me back on the balconies.
See why the messy middle great, great book.
It's it's got like a lot of
different sort of case studies from different entrepreneurs. He wrote the book making ideas happen, as well. Yeah, it's like it's an easy read.
I love it sounds very interesting. And I have a card.
I'd put up a previous like a birthday card.
As a bookmark whether
it was from mom and dad it says oh come on it's easy a film two words. And it's
he's got his it's a bear he's got he's caught out. And the the caption underneath says despite his best efforts nobody guessed Free Willy
that was it say how old I was. If it says
funny that doesn't say it's so funny all right all right guys, we die everyone. Hope you're all staying safe. Well, let me let us know height the daily talk show calm. Should we do that paper trading thing? Should we set up some sort of social network or is it just gonna give us a lot of pain and annoyance? Yeah, I don't think so. Calvin's already flagged that half the people in these finance courses are losing money and they find it to
you tough but you know, it'd be fine. You just need to be good fucking know the tech, you know
Be classic. Alright guys, have a good one say tomorrow today. Bye bye