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The ONE Thing by Gary Keller, part 2

Episode 10: The ONE Thing by Gary Keller, part 2

In this new episode of The RevolutionFI Podcast, Tim Desmond discusses The ONE Thing by Gary Keller part 2.

“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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Music: Cool Rock by Kevin MacLeod

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License: http://creativecommons.org/licenses/by/4.0/ 

TRANSCRIPT:

Welcome to Hump Day. Is that still a thing? I could say that I don’t know, Wednesday, Hump Day, get over the hump. Probably dating myself here, but it doesn’t matter.

Hey, welcome to the Wednesday edition of the RevolutionFI podcast. I’m Tim and you’re back here for the Book Club of the Month segment. And this month for the month of November 2020. We are reading THE ONE THING: THE SURPRISINGLY SIMPLE TRUTH BEHIND EXTRAORDINARY RESULTS by Gary Keller.

If you tuned in last Wednesday, you’ll know Gary is the mastermind behind the Keller Williams realty Empire. And his book is one of the most important books I’ve ever read. And I would say it’s in my top three of the books I’ve read in the past couple years. I’m slowly moving through the book, and I’m kind of picking out segments I think might be interesting to you. Hopefully you’ve gotten the book, hopefully you’re reading it. And I’m going at a pace that isn’t isn’t outpacing your reading. But I would say from the first 25% or so the book is what we’re going to talk about today.

The Six Lies Between You and Success

There’s a big segment in Gary’s book called The Six Lies Between You and Success. And I think these are lies that I’ve believed, and I’m still believing some of them to a certain degree, it’s hard. It’s hard to get out of this mindset. But we’re going to talk about these six lies today, I think you’re gonna find them useful.

Before we do that, if you are struggling to get yourself out of debt, or you’re looking to get your side hustle off the ground, make sure you head over to RevolutionFI.com and grab the Solopreneur Formula Worksheet™. It’s a free download for you, it’ll help get you on your way. And you can even take a pic of that last page and text to me and I’ll give you some feedback on it. No strings attached. As I keep saying I have I’m not selling anything yet. I don’t, I don’t know. You know, I’m following the content marketing strategy, like I talked about yesterday on yesterday’s episode, eventually I’ll have something but for now, I’m just going to show up and deliver value and we’ll see what happens.

Lie #1

Alright, let’s get into the six lies between you and success as written by Gary Keller in THE ONE THING, the first one the first lie that standing between you and success is everything matters equally. And I think this is something that may have been a struggle for me years ago, but I’m much better at it. Now, another way of looking at this is the Pareto Principle or the 80/20 rule. So it’s been documented, it’s been researched scientifically, that 80% of things are responsible for the other 20 or vice versa.

So for example, if I wrote and published 10 books, two of the books would earn 80% of the royalties. And that Pareto Principle is pretty standard across the universe. It’s amazing. So what Gary talks about is that you know, everything is not equal, some things you’re going to have to pay more attention to than others and figuring out what’s in the 80 versus a 20. That’s the challenge.

Lie #2

Second, lie, multitasking. Again, I think this is another one that’s been covered many times, I think we know, inherently that multitasking is a lie, it’s scientifically proven to be a lie, that there is a switching cost. Some studies suggest 20 to 25 minutes to get your brain back to a task once it gets distracted. So if you’re sitting there with your phone, and you’re answering email, you’re checking texts, while you’re also trying to do your work and write a blog post or a research. It’s not helping and the work you’re doing is substandard. So stop with the multitasking please.

Lie #3

The third lie between you and success according to Gary, a disciplined life. I pulled these next four I pulled some direct quotes because I thought Gary said it way better than I could. So he, Gary writes, “So when you see people who look like ‘disciplined’ people, what you’re really seeing is people who’ve trained a handful of habits into their lives. This makes them seem “disciplined” when actually they’re not. No one is.”

So I’m a big fan of James Clear’s ATOMIC HABITS. And this idea of you don’t develop discipline and create a habit, your habit creates the illusion of discipline. So you start out with things that are really small, and you build on those. And again, there’s a lot of resources on that. 

Lie #4

So let’s move on to the next one. Will power is always on will-call. So again, Gary says and I quote, “Think of willpower like the power bar on your cell phone. Every morning you start out with a full charge. As the day goes on, every time you draw on it you’re using it up. So as your green bar shrinks, so does your resolve, and when it eventually goes red, you’re done.”

I love this analogy. I think this is incredibly true. This is why I do my most important work from thing in the day earliest possible. When I was a while I’m writing novels, I always do my first drafting first thing in the morning. And this is a debate amongst authors because some people say, well, I’m a night owl, and I like to work at night. And I don’t dispute that and and all of our biorhythms are different. But again, I think statistically and scientifically speaking, there’s a decision fatigue that takes over as the day goes on. And every time you make a decision, you’re using brain power and so by the time you get to the end of your day, it’s hard to make decisions, which is why people fail at dieting, because dinner is usually late in the day. It’s hard to make good decisions when you’ve used up all of your battery.

Lie #5

Alright, the next one is the next lie a balanced life. This is one that Daniel Pink talked about years ago. And I think it’s something that I’ve had to come to grips with, Gary writes, “The reason we shouldn’t pursue balance is that the magic never happens in the middle; magic happens at the extremes. The dilemma is that chasing the extremes presents real challenges. We naturally understand that success lies at the outer edges, but we don’t know how to manage our lives while we’re out there.” So

Gary’s solution is to go to a counter balance, there are going to be times when you are going to see your family less, because you are working on a big project or an initiative, there are going to be other times where work is really slow. And you’re going to be spending a lot of time with your family. I think the lie and the way I’m interpreting what Gary wrote is that it’s not always possible to have balance. It’s you can’t be a bean counter with your minutes and decide that exactly 47 minutes spent with family and 47 minutes to spend on yard work and 47 minutes spent on this email I have to send for work like it doesn’t work that way. So counterbalance, you know, your goal is to get back to the middle. But sometimes the greatest work is done at the extremes.

Lie #6

And the sixth and final lie between you and success, according to Gary Keller is big is bad. He writes, “Everyone has the same amount of time, and hard work is simply hard work. As a result, what you do in the time you work determines what you achieve. And since what you do is determined by what you think, how big you think becomes the launching pad for how high you achieve.”

This is the one I’m still struggling with. I don’t know if it’s the you know, the blue collar work ethic I grew up with which is this idea of you take your lunch pail and you punch the clock and you do your job and you come home and you don’t expect big things. And that’s been a real struggle for me continues to be one. I’ve been trying to think bigger. I’ve been trying to think about what kind of impact do I want to have on the world and what might that look like? And I no longer think it’s a bad thing to think big. And I think part of that was the result of this book.

So there you go six lies between you and success that again comes from THE ONE THING: THE SURPRISINGLY SIMPLE TRUTH BEHIND EXTRAORDINARY RESULTS by Gary Keller link in the show notes if you want to grab that book or haven’t gotten it yet, but highly recommend it.

Alright folks, that’s it for Hump Day. I’ll be back tomorrow with a little bit of the hair of the blog.

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

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