Who is Tony Robbins?
Tony Robbins is a world-renowned author with 6 internationally best selling books. He has also empowered 50 million people from 100 different countries through is audio, video & life training programs.
About the Book!
“After interviewing fifty of the world’s greatest financial minds and penning the #1 New York Times bestseller Money: Master the Game, Tony Robbins returns with a step-by-step playbook, taking you on a journey to transform your financial life and accelerate your path to financial freedom. No matter your salary, your stage of life, or when you started, this book will provide the tools to help you achieve your financial goals more rapidly than you ever thought possible.”
Important Notes from the Book.
The market has a pattern; it never stays down forever. Your greatest potential lies within the bleakest hours.
A correction happens approximately once a year.
A bare market happens ever 3-5 years
Market lows are nothing to be afraid for they are full of potential and possibilities.
The Playbook – Core Four “Rules” to Follow
1. Don’t Lose – How can I avoid losing money?
2. Asymmetric Risk/Reward – Your rewards should outweigh the risks
3. Tax Efficiency – Is it net (after tax) or Is it gross (pretax)
4. Diversification – across different asset classes, within asset classes, across markets, countries, currencies and time.
LOW COST INDEX FUNDS – US stocks, International stocks, emerging-market stocks, real estate investment trusts, long-term US treasuries & Treasury inflation-protected securities.
CONSIDER: Owning 15 unrelated investments’ reduces risk by 80%
ASSET ALLOCATION – never want to be forced to sell when stock are down
Bonds = loans
Federal government = treasuring bond
City, state, country = municipal bond
Company = corporate bond
Less dependable company = high-yield bond
What asset classes will give you the highest probability of getting from where you are today to where you need to be?
- how much you are willing and able to save
- how much money you’ll need
- when you’ll need it
** a 7% annual return over 15 years is great**
1. Asset allocation drives returns
2. Use index funds for the Core of your Portfolio
3. Always have a cushion
**never underestimate the awesome power of disciplined saving combined with long-term compounding**
Advice – rebalance once a year – 60% stocks & 40% bonds
QUESTIONS TO CONSIDER
Can I get disproportionate rewards for the least amount of risk?
What’s he potential upside & what’s the risk on the downside?
Where are the breaking points for other investors?
When will the price get so low or so high that they will get out?
What’s the entry point? Where are your stops?
What don’t I know?
Where could I be wrong?
What am I not seeing?
What am I failing to anticipate?
Who else can I speak with to deepen my knowledge?
Ever heard of the term digital nomad? The Urban Dictionary, derives income remotely and online, rather than from commuting to any office" Seem a lot like telecommuting to you? Sort of! Let's check out the rest of the definition, "...the digital nomad [doesn't] need a permanent home base, and she/he can travel anywhere at any time" (Urban Dictionary). Who's up for that life? ME!!!
Combining a minimalist lifestyle goes perfectly with being a digital nomad. Low expenses (thanks in part to my tiny house) I have the ability to spend what I made on experiences instead of monthly cable bill, for example. Digital nomad and New York Times Best Selling Author, Tim Ferriss details this effortlessly in his 2009 book, The 4-Hour Work Week: Escape 9-5, Live Anywhere & Join the New Rich.
Ferriss talks about the digital nomad life and how he's achieved it and provides a prescription for you to as well. There are a few main points, passive income and freedom to do what you want which may include travel while you work or it may include being able to work from home to be a more active parent or caregiver. Whatever it means to you!
Similar to minimalism - there are some key foundational tenets but it's not prescriptive - you can fit it into your life how you want it. You can be the degree of digital nomad you want to be to reach your goals and embrace the freedom that Ferriss describes paired with 'lifestyle design' which seems like a no-brainier in the common sense department.
A little on Ferriss' background, this Yale graduate took a nontraditional path after graduation (took a year off before finishing) that led him to create ways to design passive income for himself as he tried sharing these strategies with others. There were many skeptics but after having some small scale successes, his first book 4-Hour Work Week hit the NY Times Bestsellers list in 5 days and that catapulted him as the go-to expert on the digital nomad life. In addition, Ferriss has other best selling books that provide life hacks (in the flavor of the nomadic lifestyle) on fitness/health, cooking and most recently a book that captures Tips from the best of 200 interviews he's done on his Podcast: The Tim Ferriss Show.
Another digital nomad is Marsha Wright. She was able to semi-retire in her 20s and at 32 is living the life she always dreamed living part of the year in Asia and having the ability to visit her native England whenever she wants. Her success was born from designing a life of mutually beneficial 'collaborative economy' which is also the title of her bestselling book.
Currently, Wright is leveraging her influencer status on Twitter to solidify the weekly #ThinkBIGSundayWithMarsha movement which shares positive/inspirational messages to the entire world. This occurs every weekend and individuals are invited to share quotes of success, positivity, motivation, inspiration that will uplift others as they add in the #TBS hashtag. Providing the tweets aren't self-promotional, religious or offensive they are Retweeted into Wright's (@marshawright) network of 566k and growing followers. While I haven't personally participated in this movement, I may check it out to see the power of this trending movement of positivity to connect with more likeminded individuals.
Wealth is the ability to full experience life.
Henry David Thoreau
Steps to Becoming a Digital Nomad
FREEDOM (who doesn't want that?) and as Ferriss describes it the ability to be present-focused and realize that success/fulfillment are the products of having the time & mobility.
So, first you need to determine the life you want to have. Using something like Nomad List can help you identify the ideal place (if travel is in your plan) to move to in the short or long term. Nomad List is a pay resource and it takes into account key items like internet speed, temperature and cost of living as it ranks cities around the world for digital nomads. Even if a city ranks 'low' on the list it still may be right for you depending on your goals and budget.
Second, you need to determine what skill set you have and how you can make money while being a digital nomad. Check out the Resource links I've put together that have job leads for Digital Nomads. This takes a lot of time, as each site will have you create a profile and in some cases upload previous work in a portfolio. Getting work from these sites are just one way to generate project leads for yourself.
Another way is developing solid profiles on social media that focus on your skill set and attract leads or drive folks to your website is another great way. Social media is something you can do with no monetary cost (at least in on the major platforms, Twitter, Facebook, Instagram, LinkedIn). The cost to developing your social media presence is your time. Pick the one or two social media platforms that your potential customers are on and work on developing a solid following that includes your work product/offerings and tips with motivational, inspirational, and/or humor (whatever fits your personality/industry).
The universe desires you to have everything you want to have.
The focus of developing your profiles should be with your goals in mind. If you want to live in Costa Rica for 3 months determine the costs, what your savings can cover, insurance, and how to 'wrap' up things in your life to allow you to meet your obligations while living a happy digital nomad life. It defeats the purpose of going to Costa Rica for example, if you aren't able to address these concerns in advance, unless your idea of freedom is living in the local economy. That could present other problems - what are the local laws about an expat working, would you be able to secure legal employment if you are up against locals, would that sustain your lifestyle for 3 months?
Joining other digital nomad communities like Couch Surfing or searching Hostels and Airbnb are other ways to find economical ways to live where you want. As Ferriss outlines, the need to travel is not a requirement of a digital nomad. It's about the freedom of your time and mobility. Being able to go on vacation (let's say you want to stay home-based somewhere) and still being able to work, make money and support your lifestyle. Living your plan to meet your goals is key!!
You don’t have to be rich to travel well.
To recap, here are the steps to living a digital nomad life 1) Live smartly (minimalism, is great in my humble opinion); 2) Determine how your skill set can sustain your life (start profiles on boards like Fiverr); 3) Figure out where you want to go (this will determine what you need to earn per month); 4) GOAL time! (Set a plan) and 5) Executing the plan (work your plan everyday to get enough work to sustain the life you want so you have the freedom you desire).
I'd love to hear about your digital nomad dreams and successes. We can all learn from each other so post a comment or hit me up on social media (Badass Vegan Apparel, Personal IG). Here's to me living the digital nomad life of my dreams and you living yours!
The secret to a rich life is to have more beginnings than endings.
Digital nomad. (2017). Urban Dictionary. http://www.urbandictionary.com/define.php?term=Digital%20Nomad
Ferriss, T. (2017). Podcast - The Tim Ferriss Show.
Wright, M. (2017). #ThinkBIGSundayWithMarsha Twitter movement. http://twitter.com/marshawright (Note: The ‘movement’ is only LIVE on the weekends)
Digital Nomad Resources
Communities for Digital Nomads Couch Surfing Digital Nomad Community Nomad List
Productivity Hacks with Qlock Shorten URLs
Share Your Work as you Travel
[Disclaimer: I’ve received no money or services in exchange for listing sites in my blog. Listing a site does not give it my endorsement. Most job lead sites charge a fee to the seller (aka digital nomad)]
Living a minimalist life isn't a new concept. It's been around since the beginning of time, probably economic necessity lead to minimalism for some but for others is a deliberate choice. It's a focus on being mindful with the possession you have in your life. These days you can think of it in broad terms as a focus on "collecting memories not things". But what exactly does minimalism as a lifestyle mean?
Being a minimalist seems to be ‘in vogue’ with the barrage of bloggers and authors writing minimalist challenges and hacks. For example, Courtney Carver came up with Project 333 to simplify her life (specifically her closet) and it went viral. The notion is wear 33 pieces (including accessories) in 3 months. She was able to successfully pair these items so no one at her job was able to notice. Carver obviously took time to choose these items and plan how they would be worn. This is evidence of being mindful & deliberately execution of a minimalist lifestyle. Picking the items based on the need (her job) and what would make her feel good
There is no hard and fast prescription of minimalism, Carver makes her minimalism work by pairing down her closet which helps her live her life as a minimalist. Her rules, her way. I love this! Take note, minimalism encompasses possessions that make YOUR life feel complete/right not something that someone dictates to you as required/not allowed. It’s a very personal practice.
Live simply so that others may simply live.
Elizabeth Ann Seton
In the Netflix documentary, Minimalism: A Documentary About the Important Things follows the duo of Joshua Fields Milburn & Ryan Nicodemus, who at this point have written 3 books on the subject capture what minimalism is in their book tour. The journey to minimalism was born out of a rock bottom of personal lives - crumbling family relationships. So the men re-evaluated their hyper-focus on careers that had become all consuming and furthered a culture of artificial culture of consumption.
The benefits of minimalism are too numerous to capture in a short blog post so I’ll give some of the highlights.
Living in a smaller space - a tiny house in my case - allows you to take up a smaller footprint. In addition, it provides more affordable housing for more people. This reduced carbon footprint (a great benefit for the environment, yeah!) means I'm taking up less room on the earth than if I were to have a 500 square foot apartment where I'd only use half or less than half of the physical space. My tiny house for example has exactly the number of rooms/square footage I need for one person. I do not have space I don't use, I have: a bedroom that has a desk where I do my writing, a bathroom, a kitchen/storage area and then a living room space which doubles as a workout area/spare room.
Being a minimalist should leave you with less personal debt since you have fewer possessions. My tiny house is paid off because I planned out exactly what I needed and used materials and labor that were (donated in some cases) and within my budget. I didn’t need to leverage a line of credit that I would never be able to pay back like many mortgages. Not just with my tiny house but with fewer possessions, I am able to live within my means and even create a savings! I am not focused the consumerism (shopping) simply to acquire additional items - rather I focus on collecting memories not items. I work very hard to not get wrapped up in the popular culture of consumption for the sake of consumption. My possessions have a specific purpose not just to take up space.
Simplicity is the Ultimate Sophistication
One of the biggest intangible benefits of being a minimalist is the freedom it provides. Without having credit card debt and a mortgage hanging over me, I am able to live my life with a sense of direction to spend my time how I want. Working when I want to so I can live not living to work. It's a very freeing notion to incorporate my work (BeMoreBadass) into my minimalist lifestyle.
As more people embrace the notion of minimalism it will allow us as a society to offer more affordable housing to more people (reduced homelessness and reduced debt). This could make a huge positive impact the U.S. economy.
The simplest things care often the truest.
Less debt should also lead to a reduction of stress induced physical and mental ailments. This would have an exponential impact on how people feel about themselves and how they interact with others. When you take minimalism and compound the impact across a significant number of people it has the possibility for gigantic life-changing benefits.
Is a minimalist lifestyle right for you, only you can answer that. It's a lifestyle of deliberateness in how you allocate your resources and a focus on living your life not a focus on acquiring "stuff". I would encourage you to check out the resources and see if incorporating minimalism into one aspect of your life like Carver did could work for you.
Reach out and let me know what aspect of your life you are trying to embrace minimalism and how it goes for you. I'd love to share the journey with you. Also, if you have any questions about how I make minimalism work as I live in the world (I'm not isolated) I'd love to share more about that too.
Bottom line, many of the things you have around you are just things and probably don't directly add to fulfillment of a quality life for you. Throw out the stuff and be deliberate in the things you have in your life.
Carver. C. (2016). Project 333: Simple is the new black.
D'Aveila, M. (Director). (2016). Netflix: Minimalism: A documentary about the important things https://www.netflix.com/title/80114460
Website of the subjects in the Netflix documentary:
Fields Milburn, J. & Nicodemus, R. (2016). The Minimalists: Tour my minimalist apartment.
Read more about how mindfulness/deliberate choices are part of our brains functioning/evolution here:
Nelson, R., Ph.D., (2016). The practical neuroscience of lasting happiness, love & wisdom. http://www.rickhanson.net/
Forest Bathing: A Practice of Mindful Healing
The ancient Japanese were the ones who originally embraced and noted the value of communing with the forest with the term 'shinrin-yoku' or translated as 'forest bathing' and more commonly called forest therapy. An alternative to the Western traditional medicine where you’d seek out a medical doctor and meet them in an office with walls - forest therapy is a guided experience under the canopy of trees with the ground beneath you.
As I take you on this journey through forest therapy I'll use the guidelines of a forest therapy Invitations provided by the Association of Nature and Forest Therapy Guides and Programs. Let's take this journey into forest therapy together, I'll act not as a guide (that would require training by ANFTG) but as an interested co-participant and learner in the process.
Why would you want to do forest therapy?
Like me you are probably a person who finds more comfort in nature than in being within the confines of 4 artificial walls with a ceiling that obstructs your view of the stars. Perhaps you are intrigued in getting 'more' from your time in nature and want to experience some of the many documented health benefits from practicing forest therapy. Me too! Adam Atler wrote a piece in The Atlantic about the medical benefits of indirect forest therapy on patients recovering from surgery who merely had a view of trees versus a view of a brick wall. If merely looking at trees can improve recovery time imagine the possibilities for improved health & wellness by walking/sitting and just being (aka "sit spot") with the trees can provide. It's limitless and very exciting to think about!
Adopt the Pace of Nature: Her Secret is Patience
Ralph Waldo Emerson
One of the wonderful (non-medical) things about being in the forest among the trees is the lack of gear required. There are no special clothes or shoes and nothing ‘extra’ you need outside of a willingness to listen to the trees and leave your 'life' behind as you open your mind to the forest therapy experience. Enough talking about it, let's walk through it with a few of the forest therapy Invitations suggested by the ANFTG before you go seek a guide and go on a trip yourself.
The first Invitation is 'Shake Off the Road Dust' which is as it says, leave your baggage outside the forest. Similar to preparing for a relaxing bath at home and you remove the literal baggage (your clothes) that cover your body so you can be at one with the water/bubbles. As you start forest bathing you will be deliberate and make the time you set aside for it just that, time in the forest bathing your entire self.
Another suggested Invitation is the ‘Pleasures of Presence’ which directs participants to create a spirit of mindfulness at the start that lays the foundation for a meaningful experience in the forest. Similar to when you practice yoga, it's important to just "be" not focus on the outside world but focus on that moment, starting with this minute through the end of the forest therapy. In that state of mindfulness you will create/develop an awareness for the sight of the site, the softness/harshness of the sounds, the pungent/fragrant smells and the soft/hard earth where you step, among others.
With enough practiced mindfulness in forest bathing you may become in-tune with proprioception you "...perception of movement and spatial orientation” within your body. Proprioception isn't the goal or will it happen with everyone regardless of how long they practice forest therapy but it can be a happy unintended consequence of a deliberate practice. Becoming more aware of how your body rests, moves and reacts to stimuli has many implications for a personal journey of reflection and wellness.
As you practice forest bathing you engage your senses in that moment, let your eyes not just look at the forest and all that's within it but really see what's there. This is something that when a guide directs you you get verbal cues to engage with your eyes which stimulates your other senses. Medical research acknowledges the existence of a sixth sense in about 1% of the population called Synethesia where one of our senses "...produces an automatic involuntary perception in another" (Flaherty, Harvard Medicine, 2014). Try it for yourself and see if a smell can trigger a feeling in another sense as you take in what the forest has to offer in that moment.
Whether you want to see the physical benefits of forest therapy or engage in an additional way of being more mindful and communing with nature in another way you will be changed the next time you take a walk among the trees if you take the time to let them speak.
I'd love to hear about your forest bathing experiences so we can learn from each other. A closing Invitation is ‘Thanking the Forest’ which I'd encourage you do to every time you are in nature. I hope you want to engage in this practice with me even though it's from a distance so we can all develop an additional respect for just being in nature in this way that we allow the trees and all that provides them life and lives among them. I’ll end with a thank you to you for going on this mindful journey with me and learning more about forest bathing/therapy.
Alter, A. (March 29, 2013) How nature resets our mind and bodies. The Atlantic. https://www.theatlantic.com/health/archive/2013/03/how-nature-resets-our-minds-and-bodies/274455/
Association of Nature & Forest Therapy: Guides & Programs (2016). http://www.natureandforesttherapy.org/
Flaherty, PhD., A. (2014). Uncommon sense: Synethesia helps the brain luxuriate in metaphor. Harvard Medicine. https://hms.harvard.edu/news/harvard-medicine/uncommon-sense