Making money is one of the biggest attractions in life. But what happens when making money becomes an addiction or it takes over your life and prevents you from doing things you love?
In this video, I talk about how to handle the constant pull towards making money so that you can live a more balanced life.
- The times when the gravitational pull towards making money is a GOOD thing!
- Are you REALLY living the life you want?
- 3 questions to determine your priorities.
- How to make sure money is not driving the bus ALL the time.
- Why it’s critical to work out varying aspects within us to have a balance.
Making money is great. But it’s not the only thing in life.
– David Wood
Become a Samurai: Exclusive Double Your Revenue Program for Entrepreneurs and Business Owners: www.myfocusgift.com
To learn more about Anthony from Cost of Success and to listen to the full episode, go to https://podcasts.apple.com/us/podcast/david-wood-life-coach-founder-of-focus-ceo/id1498575414?i=1000548255449
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– TRANSCRIPT –
[00:00:00] David Wood: I think it’s absolutely valid that we are pulled towards money. I think it’s right. And it’s useful if I didn’t have a need for money. I don’t know if I’d get off my ass long enough to go and coach somebody. I mean, if someone found me said, Hey, I’m in distress and I need this. Okay. But I wouldn’t be marketing.I wouldn’t be pitching podcasts to be on there. I wouldn’t be driven. I was in. War years ago, completely. And as ensconced in rice fields, I had staff coming. I had a massage every day. I’d play ultimate Frisbee. I play this video game that I love. I wasn’t really doing anything to impact the world. Because I was living so cheaply and I had a little, little side business that was covering my rent.
I was renting, renting out the guest room, my Villa. It was amazing, but I was also slowly dying. I didn’t have a mission. And then when the universe kicked me out of my nest suddenly one day, and that’s another story I had, I had to leave Bali the same day. My life was set up. I was living there for three years, had to leave suddenly the same day.
I said, now, now I’m back in a, in a first world country with huge expenses. I don’t have the income of that guest Villa covering my rent. And I’m like, what am I going to do in the. And if it wasn’t for the driver, from the need for money, I don’t know if I would’ve come back, I would have gotten off my butt long enough to get back to coaching and thank God that happened because now I get.
Change people’s lives. And I get to speak about life on podcasts and hopefully impact someone in their living room or their car. And they go, whoa, okay, I’m going to make a change. So money, the drive for money is great. The question is, and I think most of us have not asked ourselves is how much is enough.
Now they’ve done studies and apparently there’s, there’s a number I think in the U S $70,000. The first $70,000 can really have a big impact on your life because you get housing, you get food insurance, some security. After that, that money. I got a friend who recently said to me, what can I get you? As a thank you gift for the impact you’ve had on my life.
Um, he was someone I’d coached and mentored and trained and a friend. And he said in the, in the 10 to $15,000 range, what can I get you? I just sold a big chunk of my company, a large part of it’s due to you. What can I, what can I get you? I honestly, after a year of consideration, I’ve not found anything.
In the 10 to $15,000 range that I would even spend someone else’s money on. So that’s a really powerful insight. I’ve got a client right now who says I’m tired of chasing money. I’ve got money. What else is there? Now? That’s a valid question. And what, what, what, what he’s coming from. As an allocation of balance and when, and what’s what’s happening is we’re out of balance.
We’re just too much money, money, money, money, money, then on the deathbed, we’re going to go, what the fuck did I just do? I have actually not lived the life. I really wanted to live. That’s the risk. So what you can do is say, all right, what are my financial goals? How much do I really need? And then what would be nice to have and then how else do I want to live?
Like if I was going to die three years from now, maybe three to five, I think that’s a good timeframe. Not if I’m going to die tomorrow, not if I’m only going to die in 30, 40 years, you may die in five years. So it’s worth like, okay, what is. That was going to happen. How do I want to live? And what do I want to have in my life?
My connection with my kids. What’s my goal. There. My connection with my partner will finding a partnership. How I show up in the world. Is there a difference I want to make my myself care. And by the way, listeners, I I’d be writing all of these down. If this applies to you, each one of these areas, my self care, how do I want to care for this body and this nervous system?
Is it exercise or nutrition or connection with friends and community? This is something that’s very big for me this year. So you start like looking at the big picture with that new frame of five years, and then work out a time allocation for the week. I will devote what my client came up with was Monday and Tuesday are going to be production cycles where I work on money.
And then Wednesday, Thursday is going to be more. Less less, this is what I’m doing. And, you know, I just respond to what comes up and I might work on relationships. And then maybe Saturday morning from nine to 12 is self-care yeah, I’m making this up, but now he’s got a balance. He had to talk to that part of himself and actually gave him an exercise where he sat in two different chairs and, and, you know, talk with the different parts of yourself and came up with the.
All right. We’re going to allocate this amount of time towards money, this amount of time, towards some of the other things he’s going to have. I think, a day a week, where he is going to create a non-profit that’s going to impact. Inmates. So, uh, there’s my answer to the poll for money. And the pull for money is wonderful.
Let’s, let’s work out with the different parts of us and the different values. We have a balance, so that, that pool for money is not driving the bus all the time. That’s the problem. It drives the bus and we can actually change that.
