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When setting goals is your fear of DNF'ing causing you to set boring goals that are too easily attained and won't motivate you? What would your goals be like if you weren't afraid to DNF?

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4 Hour Work Week Tim Ferriss

Transcription:

Hi there, Ryan here from on property and today I want to talk about this concept of are you afraid to dnf that sentence doesn't make sense to you right now. Don't worry, it will by the end of the video and not talking specifically about property today, but I'm talking about goal setting and kind of the counterintuitive approach that I have to goal setting and I want to stretch your mind today around how you go about setting your goals and give you the framework that I use to set my goals that might be a bit different to yours and you can decide whether or not you want to incorporate that into your goal setting or not. This definitely isn't for everyone. So are you afraid to dnf so dnf in running because I'm looking at running an ultramarathon at the moment. DNF did not finish, so a lot of people obviously don't want to enter a race and finish with a d and f against their name, which means they did not finish the race.

Most people go into a race, they want to finish the race, they want to have a personal best, and I find that often when it comes to goal setting as well, people are afraid to dnf. They're afraid to even enter a race or to set a goal that they might not finish and so often people will set these goals that are just too achievable that it makes them really boring. Like I'm not talking about setting goals that are completely unachievable for you, like I want to be a billionaire in the next year when you're currently earning $50,000 a year or something like that. But I am talking about stretch goals. Something that you could reasonably achieve, but it would actually. You would require a massive change in your mindset or in your life in order to achieve it. And there's a high chance of you dnf in on that goal or did not finish that goal.

So let's talk a bit about me with this like ultra marathon thing and then we'll bring it back into this idea of goal setting in general that you can apply to your finances. You can apply to your property goals or you can apply it to any aspect of your life. So as you may know, have you seen other videos of mine? I have what I call pseudo financial freedom, which means I have a version of financial freedom where I don't really need to work, um, but I worked to kind of keep things going and to grow my business so I could not work, but over a number of years, eventually my income would dwindle and so I'm at the point at the moment, but an escape working at that longterm financial freedom. But being in this position allows me to try a lot of different things that a normal person wouldn't try and to set goals for things that a normal person wouldn't set.

Like last year I had the goal that I want it to become competitive in super smash brothers melee. And so I did practice in that for six to 12 months. I practiced that game hours each day trying to get better at it. I eventually gave up on that goal for a number of reasons, but just it was going to be too much effort and uh, my life changed and no longer became a priority. And so I put that aside and then somehow I've been reading, I love reading psychology books and stuff and I was reading about how to become the best at something and I read a bunch of books about people who do these ultra marathons or ultra triathlons and they're just doing these really crazy distances to try and work out what does it take to become the best. And just got really fascinated with this idea of ultra marathons kind of thought, you know what, I would never be able to do that.

That just sounds too hard.