Today I want to talk about the consequences of your decisions, and the fact that you have to own them, and that by only by facing the fact that you own the decisions that you make, can you really lead to success in anything.
I had a headhunter give me a call, and she was talking a little bit. I decided: “Wait a minute,” there were a couple of things that she was saying, and I just decided to switch the subject a little bit and talk about Life Unsettled, what we’re talking about, and how the 45- to 64-year-old age group has so much to worry about today, and many people aren’t really facing it. Some are, some aren’t, whatever. It made me decide to change the episode that I was about to do.
We talked about the lack of savings that people have, and also what they were facing: the layoffs, the low income because they were in the baby boom, and they’ve entered a period where they should be in the net savings group, and they really have to have a lot more to save for a much longer lifetime. Part of Life Unsettled. Yet, the 65-year-olds, 97% of them can’t write a cash check for $600. Yes, they can put their credit card and put it on credit of some sort – that’s borrowing it; that’s not what I’m talking about. They don’t have $600 in cash to pay off an emergency.
I was thinking about: How do you motivate people, and how can that be passed on? The last few days, I was watching football. I’m looking at the news and stuff, and seeing people that really have a substantial income coming in. How do they get motivated, and why aren’t they motivated by the fact that when they make a bad decision, they lose a lot of money? We can take a look, for example: Johnny Manziel of the Cleveland Browns, his story. Realize that he signed an 8.3 million dollar deal. 4.3 million signing bonus, but 8.3 million dollars. He’s on the verge of killing his career, or possibly getting kicked out. He’s not the only example; there are many of them. He can’t go and make a decision and prevent himself that might cost him a million or more dollars, not to go out and party some night? If he can’t do that, how do you motivate somebody that doesn’t have a promising income to motivate themselves to pick up and earn more? That’s a very perplexing thing.
Even on the low end, you’re going to have people making $450,000 to $500,000 in a year, as I looked at it because I just looked over the salaries as they’re published of a few different teams, and they have at least a million dollars coming in this year, plus next year. That’s a lot of money. To think that if they’re going to risk that… I started relating that and said: “If they’re going to risk that income and not do what they need to or are supposed to do…” I’m not talking about performing well. I’m talking about just showing up, not going out and partying and getting drunk, or taking drugs, or something else. If they can’t do it, how’s the ordinary person going to do it?
One thing, I will give the person who’s in sports a little bit more slack than I will give you or I when it comes to things like drugs, because some of them get caught up because happens is they’re in pain from day two of training camp and they are being given different kinds of painkillers, and that could be another kind of problem. For that, I can sort of understand how that could affect somebody, but they still have to somehow get out of it. That can happen. That’s not you and I. How do you motivate the individual person, and what do we have to do?
Back in college, one of the things I noticed was the way people did things for tests, reports, and other things they had to do. Let me ask you, before I give you any more info: When did you study for your tests? When did you study for your final exams? When did you do your reports? Most people, whether it be high school or college, did them the last minute; the last couple of days, the last couple of nights, and that was it.
What’s the difference between them and the person who got A’s? The person who got A’s probably was studying along the way, all the way throughout, and because of that, they were more prepared. They probably had very little studying to do; they were just reviewing towards the end. What that means is: Why did you even study at all? Because you were afraid of the results of what was going to happen. You’re afraid that if you didn’t do the studying right before the exam, you’d fail or you’d get that bad grade, so you did it at the last minute.
Again: How do you motivate somebody for their future? Because unless they have that and unless they can paint that picture… So, you have to have a picture in your mind of what you need and what you need to do. Maybe you or I don’t, but all those other people do.
One of the things I talk about often is the fact is it’s the people who around you, the environment you are in. It’s not just you and I, but finding other people who have a positive influence on you. For example: Who do you listen to? Who do you read? Who do you listen to on the podcast? How do I or you pan for the gold of people that you listen to, as friends? Remember that segment on your five friends. You’re always working so that you have to find, and move, and progress.
We’re getting to the fact that you are making decisions and choices throughout your life. You can do something, you can do it, or you can complain. But quite frankly, don’t bother to complain or at least don’t tell me about it; just be quiet. I shouldn’t say shut up, but yeah, I did say it.
Every decision you make and have has consequences. You decide what you do as far as taking care of the lawn, you decide whether you’re going to do it or put it off to the point that you have this major project on your hands and you have to repair it. You make a decision: Watch a TV program, or do you prepare and develop a new skill? Do you watch TV or do you earn something extra to put aside for the future? How do you decide what to do?
Most of the people don’t want to. The people around you and the friends that are around you, are they encouraging you and inspiring you, or are they saying: “Oh, come on, you worked enough. Oh, come on, you deserve a break”? Is that what you need? The consequences of whatever paths you’re on are yours. It’s not hard to have the ability to make more money – that’s not hard at all, but it is a result of your choices. It’s saving versus spending, working extra or working harder, moving up or staying where you are, watching TV or preparing and studying for something else.
Good luck. Keep in mind that your future can really be phenomenal, but it’s up to you. Whatever your age is, think in terms that you might or probably will live to 90+. Yes, there are people who don’t make anywhere near that age, but you have to figure that that may happen. Right now, 25% of people are making it past 90. You’ve got to figure that out, because you certainly don’t want to have something happen to you, and you can’t take care of yourself.
Start planning, start figuring out what you’re going to do and how you’re going to do it, but look at it in a positive way. The future of your next 20, 30, 40, 50 years are up to you and the decisions you make. Do things now, while you can, for those years. Thank you very much for listening.