Ep.#1 [THEME EIGHT]

 

“Money can’t buy a calm mind, a fit body, a house full of love” - The Naval Podcast. 

 

In the episode where I heard this quote, Naval points out how Bezos, one of the wealthiest people on the planet, can’t use any of his money to buy these things. Does this resonate with you? It hit me like a ton of bricks. It made me think of all the people who have been on this podcast after selling their companies, have a huge portfolio of assets, and are still not happy because they have endless amounts of time and no purpose. 

 

Are you confident you are spending your time, energy, and capital each day in areas that will get you closer to where you want to be? In order to confidently answer yes, you need to peel back the onion and first figure out where you are today and then clarify your ideal vision for the future.

 

I have found this to be a tough question for people to answer when I ask them “why” five times. Typically, when asking a business owner or entrepreneur what their goal is, I get an answer like revenue, net income, units, subscribers, employee count, or some other metric that–to me–is more of a vanity metric than an indicator of what that person truly values in life. 

 

On today’s show, I interviewed Spencer Hilligoss, the CEO of Madison Investing, a real estate investment club that has completed $2.3 billion in acquisitions with over 20,000 units. Spencer founded Madison Investing after sitting down with his wife–and now business partner –after hitting a breaking point while grinding away in their W2 jobs. They sat down and created a 15-year vision that included the annual income they needed to decouple their income from their labor, how they wanted to spend their time each day, and how they were going to achieve it. Spencer and Jennifer accomplished their 15-year plan within half the time and are now rethinking again what they want their life experiences and purpose to be.

 

I really enjoyed the conversation with Spencer because of how clearly he describes the evolution to his approach and views on life, business, money, and time. He explains why he protects what he values and how he wants to spend the time he has each week, and why, regardless of the level of “success” he achieves. 

 

Do you want to be confident you are spending your time, money, and energy on the right things?  

 

The best way to answer this question is to think about what you want beyond just the vanity metrics. Regardless of how much money you make–or how big your company is–you will still be stuck with yourself, your mind, your body, and the people around you. 

 

On today’s show you will learn how to start thinking about your future goals in a new way.

 

// WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast

 

What You Will Learn

Why identifying the amount of annual income you need that is not tied to your labor–and how you will achieve it–is a crucial step to a