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The ONE Thing by Gary Keller, part 1

Episode 3: The ONE Thing by Gary Keller, part 1

In this new episode of The RevolutionFI Podcast, Tim reads and examines selections from The ONE Thing by Gary Keller.

“So, the question is this: How can 50+ folks like us, honest and hard-working, how do we manage our current responsibilities and still plan for retirement? 401ks alone won’t be enough and we don’t have 40 years to save, so how do we leverage our experience and wisdom to gain financial independence? That is the question, and this podcast will give you the answers. My name is Tim, and welcome to the Revolution. The RevolutionFI podcast.”

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TRANSCRIPT:

Welcome to the first Book of the Month Club episode and this month we are taking a look at THE ONE THING: THE SURPRISINGLY SIMPLE TRUTH BEHIND EXTRAORDINARY RESULTS by Gary Keller.

Now, before I get into this, if you want extraordinary results for yourself, if you want to reach financial independence, you want to plan for your retirement, make sure you get to RevolutionFI.com and grab The Solopreneur Formula™ worksheet that will help you on your way.

All right, so here’s how I’m going to do the Book of the Month Club. I am here, let me explain how I read these books. First, this will be helpful. I love reading on my Kindle, because what I can do with my Kindle is I can highlight passages that I read. And when I’m finished, I can export those notes. And they get emailed to me as both a PDF and an Excel file. So I can then copy paste whatever I highlighted into my little script document here that I’m working from. And it makes it very easy for me to reference passages in the book.

The Book Club Plan

So what I’m going to do is over the next four Wednesdays, I’m going to segment out. I’m going to pick passages that I’ve highlighted from the first 25%, second 25, third and fourth 25. So that if you’re reading along as you go, there won’t be any spoilers, although these types of books are going to be mostly sort of productivity, mindset nonfiction, so they’re not necessarily going to have spoilers.

But anyways, it’ll allow you to kind of keep pace with your reading and with the podcast episodes. All right, so let’s talk about a few of these quotes or passages that I pulled out of the book I want to talk about. If you’re not familiar with Gary Keller, he is the mastermind behind Keller Williams Realty, you’ve probably seen those signs. And you know, even if you have nothing to do with real estate, you’re not interested in it at all. This book will radically shift what you think about as productive.

So for me, I found especially over the past couple years, I was very scattered. I mean, I had five weekly podcasts running at one time. And four of them were writing podcasts. So I was clearly scattered, and was not focusing on one thing. So what I love about this book is that it’s one of those really simple lessons that we hear, and we should know. And it took me a while to internalize it.

Selections from The ONE Thing by Gary Keller

So let me get into the first passage, Gary writes, “Out of the mouth of a fictional character to our ears comes the secret of success, whether the writers knew it or unwittingly stumbled on it, what they wrote was the Absolute Truth, the one thing is the best approach to getting what you want.”

Now, that is, again, it sounds so simple, and so obvious. But it’s a whole lot harder in practice. So the way that I internalize that was, I had to decide what it is I wanted. And I don’t mean a Tesla, or a car in the great neighborhood or membership in some exclusive club. I had to think bigger than that. And for me, I went to financial independence. That’s what I wanted. I define financial independence as the ability to live comfortably, and choose what I do with my time and my work. Others might have a different definition of financial independence, but that’s mine. And the reason I chose that is like, I felt as though nothing else could be accomplished. Without that. I value freedom, my own personal freedom over everything. And the only way I can get personal freedom is being financially independent.

So you can kind of see how those concepts tied together. So once I determined what that one thing was that I wanted, it made it a little bit easier for me to figure out how to get it. An example. I’m podcasting and not getting paid for it. If I wanted financial independence, if I went full time podcasting, that would not get me there. So I had to cut some of those podcasts because obviously that was not serving my one thing. All right, second passage. 

The Most Powerful Question

“Finally, out of desperation, I went as small as I could possibly go and asked, What’s the one thing you can do this week, such that by doing it, everything else would be easier or unnecessary?”

That is one of the most powerful questions I’ve ever seen. Think about that for a second.

The one thing you can do where everything else would be easier or unnecessary. Again, that sounds simple on the surface, but what an incredibly powerful question.

Then the third passage, we’re going to look at today.

“The challenge is that life doesn’t line everything up for us and say, here’s where you should start. Highly successful people know this. So every day they line up their priorities new, find the lead domino, and whack away at it until it falls.”

Again, this gets back to this idea of what is that one thing and you can see it, you scale this down, right? You start with what’s the one thing I want in my life? And then you bring that down as well, then, what’s the one thing I can do this year that will make everything else easier or unnecessary? Then this quarter, then this month, then this week, all the way down to today. What’s the one thing I can do today, that will make things easier or unnecessary towards the one thing that I want?

And so I’m not a fan of to-do lists. I don’t use them. I’m a time blocker. And I do that because I blocked my time according to the priority. So this is such a powerful book. We have just scratched the surface. If you are reading it, hopefully you’ve gotten a little bit into it. And on next Wednesday, we’ll pick up another set of passages from THE ONE THING by Gary Keller.

All right, I will see you tomorrow for a little hair of the blog.

Transcription by Otter.ai, please forgive the bot for typos and mistakes.

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