Time and Attention

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Early in my fatherhood journey, I created an effective cover story => the need to generate cash for the family.

My cover story was a socially acceptable justification for being away from my family.

As additional kids arrived, and I watched my wife deal with the day-to-day, it became obvious that my avoidance strategy would not take my life where I wanted it to go.

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I have a quirk => I “see” and “feel” the risk of future regret.

Due to my quirk, I will usually choose the path of least regret, regardless of short-term pain.

My thinking went like this… having been through one divorce, is my avoidance strategy moving my marriage towards where I would like it to go?

And this… you know, my friends tell me that parents have very little impact on their kids, even if that’s true… Do I want to spend the last twenty years of my life wondering if the kids would have had a better outcome with me around?

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Once I re-framed, the choice was obvious.

Time to do a better job at home.

However, at that point, mourning for my past life set in.

It lasted for five years!

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A key parenting principle:

if you show interest in something I enjoy then I will reward you with time and attention

In offering myself to my family, I seek to offer my best self:

  1. We do it their way – their speed – their level of competence.
  2. I don’t teach, coach or instruct. We simply spend time together.
  3. We do the activity one-on-one.

My primary goal is to establish the link between:

  • fun – Dad – camping
  • fun – Dad – skiing
  • fun – Dad – biking
  • fun – Dad – hiking

No agenda with regard to pace, duration and difficulty. No agenda!

Keep the trip short. The pictures in this blog are from an 18-hour mid-week camping trip. As another example, our youngest has precious memories of skiing with me => initially, the skiing took less time than the driving!

Train before the training. The world gets a better version of me if I’ve done a workout first.

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So if you’re feeling bummed, or avoiding life altogether, then get out of the house and start making the association between fun and what you like to do.

As I tell Axel in the backcountry…

It’s self-rescue or sit down and die.

By the way, if you look deeper then you will see the association of “fun” is really between you and your kid.

…or you and your spouse.

A Better Set of Problems

2019-09-14 07.05.49My favorite place in the United States is Blue Sky Basin.

From Blue Sky, you can look west and see The Mount of the Holy Cross – it’s a humbling view, which reminds me of beauty and personal insignificance.

Mountains are good that way!

2019-09-13 14.44.34When I tell folks about my mini-adventures, they might say “I wish…”

  • I wish my spouse…
  • I wish my kid…
  • I wish my boss…

Pay attention to your spoken wishes, and do.

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Am I willing to do whatever it takes to turn my wish in to reality?

Using my son’s hiking, I have insisted, “I will never…”

  • drive long distances
  • walk slowly
  • carry everything
  • give up “my day”

Going deeper, unlocking the benefits of marriage required me to modify what I thought were my best qualities.

Well, do you want it enough to change?

2019-09-14 07.45.21.jpgSecond, pay attention to the reality that you’re going to feel the same!

Memory is different than experience…

…and my experience often feels like a problem.

My experiences are largely forgotten, replaced with new problems I dream up. Fortunately, I am free not to take myself too seriously.

This insight, requires paying attention and not taking my thoughts too seriously in the moment.

I started by noticing my #1 habit that was clearly making things worse => acting on anger in low-stakes situations.

What is your #1 habit that’s holding you back?

2019-09-14 07.52.57.jpgWith a bit of luck, I have a few hundred Blue Sky laps remaining.

Each time I look over to Holy Cross, I’ll be reminded of a job well done.

Fill the world with reminders of your best self.

Years, Leverage, Time and Ruin

2019-09-10 07.55.51The benefit of creating a good position is you can choose not to leave it.

Each time I change strategy, I open the door for error.

2019-09-10 06.08.38A quick review, I calculate financial wealth as:

Net Family Assets [divided by] Annual Cost of Living

The formula spits out an answer in years, not dollars.

To figure out if an idea is “worth it,” I convert to years.

I also consider:

  • Leverage: do I have to borrow, what’s the total dollar value of my exposure, how large/far can things move against me?
  • Time: I have control of my schedule – might this idea change my ability to control my schedule?
  • Ruin: reputation, relationships, finances, health… how does this idea change my exposure to ruin?

I have a lot of (bad) ideas. Thankfully, most don’t get through my filters.

These filters work with EVERYTHING… alcohol & drug use, mistresses, felonies, off-balance sheet financing, sleeping late, losing emotional control, binges…

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How can I put “years” into family wealth without increasing my risk of ruin?

In 2009, we executed a four-year plan that put us in a better position.

A key part of that plan was downsizing, borrowing (30-years fixed at 3.25%) and pulling 65% of the equity out of our primary residence.

It was highly inconvenient to change and we expected the smaller place to be a step down. However, our minds adjusted and we love our existing place. The move paid off in “years”:

  • Our current place runs at half the cost of our old house.
  • The capital we withdrew, earns enough to cover the cost of our current place.

I looked at moving again but there wasn’t any benefit to us after taxes, commissions and hassle. So we’re going to wait and watch.

Remember, “doing nothing” maintains an option to (make a better) change later.

2019-09-05 19.33.32The Elephant(s) in The Room

Childcare and school fees have been a fixture of the last six years. It has been a big number – about double what we pay in housing costs.

Our youngest is in Grade One (yay!) and we just lost our favorite sitter (not so yay). The result is a big slice of the family budget gone.

My first thought was to replace help with even more help. I have a habit of throwing money and other people’s time at my problems. It’s a carryover from my days in finance – where I aimed for maximum subcontracting in my personal life.

Then I had a thought…

  • Consolidate the kids’ schedules (we often have three in three different places)
  • Help out in the afternoons (I’ve done nothing for a few years)
  • Take over the cleaning (ditto on my lack of input)

It’s ~20 hours out of my week => prior thoughts on money and time.

The other elephant in the room is my cash flow deficit. It’s been rolling at 4% of assets for years. I’ve ignored it because our assets have been appreciating at a faster rate. My comfort with deficit spending reminds me of 2004-2008.

So I could “buy” the family a shift from a cash flow deficit to a surplus. Worse case, I crack a bit and hire local kids to help me out. I’ll still cut my cash burn by ~80%.

When I explained my plan to my wife she asked if my plan would make me happy. I said,

“I don’t expect to be happier but I noticed that being a better man never made things worse.”

Quenching A Thirst For Adventure

2019-08-30 19.44.42Being sensible for too long can leave me with a desire to BUST OUT something extreme.

However, there is a substantial hangover if I’m away from home for long.

How to maintain an adventurous spirit without putting a huge strain on our lives?

2019-08-30 18.38.03I’m fortunate to have pals with serious jobs, who do fun things.

I’ve been paying attention to their mini-adventures and planning my own.

  • Excitement => moving through nature in darkness
  • Novelty => route finding in new places
  • Risk => uncertainty, weather
  • Companionship => sharing the trip with my son, or my wife
  • Short duration => back home within 30 hours

Small, frequent doses of shared adventure, while meeting my obligations on the home front.

Do you know your “good enough?”

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Vision Sixty

2019-08-20 07.58.18Seven years ago, I asked my smartest pals to share their experiences with sabbaticals. It was a very useful exercise. Rather than a sharp, and sudden, sabbatical, I made a choice to change slowly. I gradually shrank my working life and replaced it with more family engagement.

Over the last year, I’ve been tapping my supervet buddies in a similar exercise. I am asking about their 50s => any lessons, any tips, how’d you find it?

2019-08-20 06.26.25The answers have been all over the map.

  • Everything gets easier
  • Worst decade of my life
  • Best years of my life

ZERO consistency in what people say, but clear themes when I look at what they actually do. They keep on, keeping on.

Despite what we tell ourselves, there is little practical decline through 60. Obviously, I’d be miles behind my 37-year old self in any sort of race. However, even in my sedentary pals, it’s more of a “slowing down” than a decline (in function). I saw this in the supervet athletes I coached. A clear, annual, decline didn’t start to happen until ~70 years old.

In comparing me-with-me, there’s very little lifestyle change forced upon us. The changes are more about coming to terms with “less.” Less vision, less skin tone, less aerobic capacity, less recovery capacity…

Middle age struggles tie back to seeking “more” => relationships, heart problems, injuries, dissatisfactions… the damage comes from the stresses of striving.

My happiest older pals have found a way to come to terms with what they have, and what they’re not going to have.

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If “more” is going to challenge you then it will be obvious (injuries, depression, a-fib, drama, binging, addiction).

I like to remind myself, “Reality is enough.”

My mind is ALWAYS spinning ideas for more. I pay close attention to how “more” makes me feel – exhausted, neglecting my family, worried I’m going to get caught out.

2019-08-17 09.20.59Get your winning done early and pay attention each time you taste a lack of satisfaction after striving.

Look deeper into your drive, passions and interests => what lies beneath your compulsions?

For example, I like spending time in forests – my speed of movement through the forest is something I track, but has no impact on my satisfaction.

What’s your gig? My gig is sharing a connection to nature with people I love.

The “lack” is deeper than the “more” we seek. I had to back off to find out that satisfaction was behind me.

2019-08-15 17.22.14How would you describe your desired outcome over the next 5-10 years?

Active, polite, easy-going, positive. These are the traits of my older pals that I enjoy spending time alongside.

Building Resiliency

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I like to balance the Navy Seals in my feed with the Flag Officer in my life. Here’s what Admiral Jonser has to say:

Gordo, always remember that our words have far more power, and reach, than we can possibly imagine.

When my son was little he developed a habit of total breakdown. He could not handle the slightest disruption and we were at a loss about how to help the guy.

If anyone needed to “harden up” it was him. However, I couldn’t bring the hammer down (on the nicest guy I’d ever met).

We talked about this challenge with each other, with his pediatrician and with his teachers.

What we ended up doing was cultivating a different kind of normal for him.

My normal:

  • Read, exercise and learn every day
  • Be kind, especially to those without recourse

I focused on the above, invited him along, and gave up trying to fix him.

2019-08-13 08.08.03-1How do you help a sensitive kid learn to deal with strong emotions?

Lower The Stakes – paradoxically, expectations may be making life more difficult, particularly when you focus on external performance relative to peers and siblings.

Personal Mastery – Where can you give your kid (or yourself) a big win? Our kids try a lot of different things – climbing, swimming, hiking, skiing, martial arts, water polo, reading, math, art.

From the time he could stand up, my son had a passion for walking uphill. So I went with that, even when it meant I had to carry him back to the car! Turns out he also has a knack for skiing. So he’s 8 and he’s figured out that he can hike and ski like a man. That’s a big win in a boy’s world. Personal mastery helps, a lot.

Respect Sensitivities – at the start of the summer, I put his sister on BLAST. He was standing beside her. She shrugged me off, I merely “got her attention.” Unfortunately, my son was caught in the blast and ended up on the ground shaking from overload. I didn’t need Admiral J’s advice to see my approach had been completely ineffective.

Positive (Self) Regard – my desired outcome for my kids is simple. Basically, I’d like them to be polite, healthy and repeat mistakes less often. This leaves my mind free to acknowledge they are already better versions of myself. I share my shortcomings with them – current and when I was their age.


We stuck with the above, as best we could, and he figured out how to cope. My main role remains loving him and not making things worse!

Change happens slowly. This was a multi-year project and I didn’t notice he was a different guy until last weekend. He took a huge digger descending the highest mountain in Colorado, brushed it off and kept on rolling.

I said to myself, “this is something new,” and started to rewind the recent past. I realized my filter was out of date. Homie had been crushing life all summer and I didn’t notice.

Perhaps there was nothing to fix.

 

 

Baby Essentials

10411151_10152583824527622_2265981354170992571_nA friend just had a new addition. Here’s a summary of what I learned.

Become a Jedi-Master of the baby swaddle – this book will teach you how – there’s nothing more important than being able to settle your baby.

Put a full-size mattress in every room where the baby sleeps – we spent two years hunched up on a circular chair and could have saved ourselves a lot of hassle by spending $100 on a twin mattress.

More than vacations, clothes, a bigger house, visits to family… what your marriage needs (for the next three to ten years) is sleep and time. Time for yourself, for friends and for each other.

Say “no” to just about everything. Now you understand why your friends disappeared when they had kids!

You will get a chance to add stuff back later. For now, just get more sleep and some light exercise.

You are likely to hold a grudge against any child, or adult, to whom you overextend yourself. It is a paradox that you serve your family best by holding some of yourself back.

Forgive each other when you inevitably fall short. It’s a stressful time.

Fasting and Chronic Weight Loss

2019-07-23 14.47.50Let’s consider the second order effects of fasting.

Inside every one of us is an anorexic and a glutton. Be wary of strengthening these aspects of your personality. If you know what I mean, then you know what I mean.

What’s your goal? Similar to knocking out a major food group, fasting can be cover for a deeper desire for chronic weight loss. Chronic weight loss is not a viable life strategy. 

Health. I don’t buy the discussion on health benefits. It reminds me of counting calories => a technique, used by many, to self-rationalize poor choices.

Not smoking, reducing sugar, daily movement, wearing a seat belt… those make sense to me. Getting really, really hungry (so I can stuff myself later)… I’m not so sure.

Health is characterized by stability. Stability in body weight, sleep patterns, emotional wellbeing and cravings.

If you experience extremes in your emotional life then avoid them in your nutritional life (and everywhere else).

Own, then address, your extreme choices.

Thinking through consequences

2019-07-16 08.01.59A friend confided in me that his FOMO (fear of missing out) is running hot. Stories of easy money have got to him and he wants to get in on the action!

This reminded me of 2005 – a year when I was planning a future life of luxury. I had a road map for how I would spend my paper profits… a house in Santa Barbara, a flat in Paris, summers in the high-country. The constant focus on acquiring more should have tipped me off, but I didn’t notice.

For Christmas 2005, I bought myself a copy of Fooled By Randomness.

It humbled, and deeply concerned, me. You should (re)read it.

In my business life, I had a personal guaranty outstanding. The guaranty was a modest amount of my “paper” assets but more than 100% of my liquid assets.

In my personal life, I had established a line of credit to pay my living expenses.

I realized I could be wiped out.

2019-07-16 08.21.00Taleb’s teaching…

There are some games you don’t want to play.

Some risks we should never take.

Across 2006/2007/2008, I secured my financial life. This decision saved me from ruin.

I had NO idea about what was going to happen (still don’t).

I had a clear idea of the scenario that would wipe me out. Approaching 40, with a new wife, I didn’t want to get wiped out.

I addressed what I controlled: my cash flows, my debts and my obligations.

Do you know what could wipe you out? Look to your borrowings, your obligations and your cash flows.

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Do you notice triggers that could create a shock to the system? In what ways is the recent past skewing our vision of the future?

  • Debt-fueled political stability in Asia
  • Negative yielding sovereign/corporate debt in Europe
  • Easy money at a time of multigenerational employment highs in the US
  • Global debt double 2008 levels

Across all markets, a low-interest rate policy:

  • Delaying the consequences of poor decisions
  • Pulling forward future returns
  • Reducing interest service obligations => while global debt has doubled the price of debt has more than halved

It impossible to predict when the credit cycle will play itself out.

It is possible, and advisable, to understand how you are exposed to ruin.

  1. Cash flows compared to fixed commitments (taxes, debt service, core cost of living)
  2. Asset purchases via debt finance => particularly negative yielding luxury purchases
  3. Credit quality => Who can go bust and hurt you?

Things go wrong when people build assets, and debts, to the top of the credit cycle.

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The photos were taken on the Twin Sisters in Rocky Mtn National Park – mountains provide an opportunity to teach about consequences.

Kids Don’t Lie

2019-07-09 10.57.59A segment of our local community is dealing with the fallout from treating child abuse as an internal issue – rather than seeking assistance from local law enforcement.

I have been bumping into this story for over thirty-five years.

There is never just one incident. 

+++

Years ago, I attended a child abuse prevention workshop.

Remember…

Kids don’t lie – in over 20 years, my teacher had instructed 100,000 kids. Out of the 400 reports received, none were false.

20 years, 100,000 child interactions, 400 reports, zero false positives.

The perpetrator will have primed your child that you will be angry and not believe them. The most likely perpetrator is a male you know.

Have a no secret policy in your home – predators use secrets against our kids – let the kids know that kisses and touches should never have to be kept secret.

It is awkward to live an open life. Awkward is better than creating a culture of secrecy exploited by evil people.

Create a support network – have your kids name five people they know and trust (ideally women) – discuss places in their neighborhood where they feel safe.

When I’m walking around town, I’ll ask my kids… “Show me a safe person.” “Why is that person safe?”

Teach your kids that adult authority should never go unqualified => even your own!

Teach your kids… If you feel uncomfortable then:

  • Leave
  • Tell
  • Get Help

As a parent, the most important thing you can say is “I Believe You.” I say this a lot, I will “believe” somewhat ridiculous things.

People that commit evil deeds are hoping you will look away.

Be Brave.