In this new episode of The RevolutionFI Podcast, Tim discovers from Pat Flynn why Matt D’Avella is growing slow.
“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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One of my favorite podcasters is Pat Flynn over at smartpassiveincome.com, and today’s episode, which he aired on November 11 2020. SPI Episode 447 is a great one. The title is The Story of Matt D’Avella and His Rise to YouTube Fame. You’re not going to want to miss this one.
Before we get into the Hot Pod episode today, and start to launch you into your weekend, I would love it if you would go to iTunes, and leave me a review on the RevolutionFI Podcast. You can just click the star or type in a few kind words, but from what I understand of the iTunes algorithm, social proof is important. If you could leave a review, I would be very appreciative. Thanks for considering that.
Let’s talk about Matt D’Avella and growing slow, which was the topic of his conversation with Pat Flynn. Matt D’Avella rose to fame as a minimalist. In fact, he created a produced shot and produced a movie that was on Netflix, The Minimalists, and is a highly recommended film.
If you don’t know what minimalism is, let me give you a quick definition, courtesy of moneyunderthirty.com. Minimalism is all about living with less. This includes less financial burdens, such as debt and unnecessary expenses. For many minimalists, the philosophy is about getting rid of excess stuff, and living life based on experiences rather than worldly possessions. The whole idea of minimalism is a bit of a lightning rod topic.
Some people see it as a lifestyle of deprivation, while others see it as a way to cut through the worst part of capitalism and live a fulfilled life. I’m probably somewhere on the spectrum, but I definitely lean towards minimalism. Over the years, I have tried to reduce the number of things that I’ve acquired. I’ve tried to get rid of a lot of the acquisitions I’ve made over the years. I’ve discovered in my own life that things you own eventually own you, meaning they need to be maintained. They need to be fixed, or they need attention. The fewer things that I own, the fewer times I have to do any of that stuff. So, I love this idea of minimalism.
I was a fan of Matt D’Avella. I still am. He has a YouTube channel with 3 million subscribers. His top video is called A Day in the Life of a Minimalist and has 16 million views. If you want to know more about minimalism, clearly Matt is a better source than I am. The thing that Matt talked about on the Smart Passive Income Podcast recently is a new initiative he has called slow growth.
At first, that sounds counterintuitive. Who would want to grow slow? The more you look into it, the more powerful you’ll find it is. From slowgrowth.com, which is Matt’s site, he is building courses. Courses that turn small steps into giant leaps, and he says it is a no bullshit program on self development, filmmaking and creativity.
He only has one course up there right now, and it’s called Simple Habits. If you are struggling to come up with routines, or create meaningful positive habits, this might be a course for you. I have not taken it, so I cannot speak from personal experience, but I will say it appears to be a very economical course. Matt is trusted in the community. If you’re interested in slow growth and minimalism, this might be something for you to check out.
How does this apply when thinking about eliminating debt or earning money toward retirement? I think this one is a pretty straight line. The fewer expenses you have, the better off you’re going to be. The more things you own, the more expenses you have. Therefore, I would strongly consider cutting back, looking at what is essential, and focusing on that. If you need help, it sounds like Matt’s course, Simple Habits, would be the way to go.
That’s it for this Friday episode of RevolutionFI. I will be back tomorrow with a weekend edition of Weekend Reflections, and it’s a bit of a series within a series. Both the Weekend Reflection tomorrow and on Sunday are going to be related. They’re going to be about how we take lessons from some of the masters in creating really good ad and sales copy, which everyone must know how to do. That’s it for today. I’ll see you tomorrow morning.
Transcription by Otter.ai, please forgive the bot for typos and mistakes.
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