Thriving In An Imperfect World

pants

At the start of the month, my wife received some “bad” news. She was reminded that one of our pals was probably cheating. It’s wasn’t a big cheat. Well below a felony. But it created some cognitive dissonance for her.

She sighed… “but I thought he was one of the GOOD guys.”

It’s a thought that I often have myself…

…especially in February, when frauds and felons can become the focus of my endorphin starved brain!

I’ve been coping much better this winter and want to share some quick tips that might help you thrive in an imperfect world.

Parenthood has shown me the value of loving an imperfect person

You might think that I’m talking about my love for my kids.

Nope.

It’s is my kids’ constant forgiveness of my own shortcomings that is most valuable. Their forgiveness helps me become a better person.

So, I remind myself that it’s OK to love an imperfect person.

That said, past choices are a powerful predictor of future outcomes. Put differently, people that consistently make poor choices are more likely to have bad outcomes.

So, it’s OK to file away that I don’t want a close relationship with someone that doesn’t share my values. I will even go so far as to write it down in my diary. I’m a sucker for charismatic charlatans!

The other observation I shared with my wife is that she is a good person. It is transformative to believe in the goodness of the people around you.

What’s the inner emotional trigger when we find out someone has been naughty?

That the world might find out about all of my own shortcomings!

So the best antidote might be to own my disappointments and fix them in myself.

Finally, even with all the shortcomings, it’s great to be alive.

Freedom of Occupation – Choosing Personal Freedom

Lexi_airportOver the last year, I have been offered attractive opportunities to return to full-time work.

In evaluating the opportunities, I realized the interaction of two variables.

  • The value that we can add to a situation. Call it my “value-added per hour.”
  • My core cost of living.

In the course of my career, I’ve lived the life of an athletic coach as well as an executive. Sometimes I’ve done both at the same time.

An excellent coach, or personal trainer, might net $35 per hour.

A skilled executive will be closer to $500 per hour.

Who has more personal freedom?

When I was younger, I was inclined to believe that more pay results in more freedom.

I’m not sure.

When I think through my pals, the individual who’s daily life most closely resembles my own isn’t who you’d expect. He is a $35 per hour consultant. My friend can live well on $500 per WEEK and has no net assets. He’s created a life where he has freedom of occupation and can say “no” to anyone.

Because of the value-added per hour differential, my buddy works about 25 hours per week. He nets more than his baseline needs. He lives an abundant life, free from financial pressure. He travels internationally. He can work from anywhere and enjoys freedom of location.

What about the executive?

A corporate lifestyle is highly variable, bouncing from 20 to 65+ hours per week. Sleep is often sacrificed and it’s common to spend much of the year nudging health back on track. Vacations are spent immersed in passions that take a back seat to the primacy of career (hobbies, sports, marriage, family).

My point is we all make trades => to get more, of what we think will make us happy, we can be tempted to pay in health, in failed relationships, in reduced freedom and, occasionally, in ethics.

When I speak with highly-paid professionals, they focus on the need for increased assets, and passive income, to attain the freedom they desire.

They ask my help to create a plan that results in freedom.

Freedom to do what?

The freedom to be healthy, to be serene, to be a great spouse, to do my job the right way.

Freedom might be closer than you think.

Siblings Competing For Love – Living With Kids

peace2When my family is tired, our filters come down and the raw emotion flows freely.

With six, three and two year olds under the same roof it can get crazy at times.

Here are three simple techniques we use to give the kids the comfort they need and maintain our sanity.

#1 – the one-on-one play date

You’ve probably noticed that little people can struggle to play with more than one person at a time.

For play dates, and PARENT dates, we aim for one-on-one activity. This is particularly useful for the relationship between my wife and my oldest daughter. They do things together, they acknowledge that they are together and my daughter gets to choose the activity.

The conversation might go…

L: It’s not fair, you’re always spending time with the baby.

M: Well Sweetie, remember that Tuesday afternoon is YOUR day. We will be swimming together and going out to dinner where you want.

This technique won’t solve every issue but it will cut them in half, while making you feel better about your allocation of time.

#2 – is it true?

A family member screaming “you’re not giving me what I need” is an extremely effective, and painful, appeal.

Adult children, and parents of adult children, can continue to use this tactic.

As a parent, understand that the child is programmed to make the appeal and you’re programmed to feel pain.

It’s nothing personal.

But is it true?

The pain is coming from a sense that I’m not doing what I should. So I ask myself, am I giving my child what she needs? Usually, I am.

If not then am I able to give my child more? Some times things get worse (for me AND my child) as I give more of myself.

Is my child correctly identifying her issue? Most meltdowns are an appeal for love and understanding. They have very little to do with my child’s current obsession and can be overcome with a hug, recognition or the passage of time.

#3 – failure is an option

As I wrote in A Necessary Failure – the relentless demands of our children are designed to break both of us down. It’s an essential part of growing up.

Remember to hold onto the good times.

Here’s a picture of my children not fighting. It happens more often than I think!peaceOur minds have a habit of remembering pain more than serenity.

 

Wins, Pain, Anticipation and Endings

grumpy_catLast Sunday, I was puttering around the house waiting for my daughter to wake up from her nap and caught myself in a thought-trap. I was thinking:

Well, here’s another ride that I’ll be missing

Note the connection I was making between a small loss (missed ride) and my daughter.

Not Good.

A habit of creating frequent mental losses is guaranteed to make us miserable.

+++

There are four areas I tweak to manage my mood.

Wins

Because bigger isn’t (much) better, spread ’em out.

  1. Each morning I wake up (win)
  2. Cup of coffee (win)
  3. Second cup of coffee, heck ya! (win)

Three wins before anyone is awake.

This morning, I tacked on a run. Four wins by 7AM.

Coffee, meals, workouts, articles, work assignments, chore completion => all of these make me happy, so I’ve made them smaller, and more frequent.

++

Pain

The opposite of winning isn’t losing. It’s pain.

  • A whining three-year old => pain
  • The cacophony of three overtired kids in my car => pain

painI have four tactics that I use with pain. I’ll give examples as a father but I use them everywhere (work, athletics, family).

Temporary – everything ends, maintain perspective

Meaning – my behavior is an example I set to prepare my children to care for my demented future self

Schedule Myself – every day has at least two slots for me – a slot might be as small as a 15-minute walk around the neighborhood – I free myself to serve others by acknowledging that I served myself already.

Wins – see my pain as another person’s win // I prefer to deal with kid insanity on my own, rather than with my spouse => makes me feel like a hero because I am enduring to spare another

++

Anticipation

  • Vacations
  • Bonuses
  • Performance reviews
  • Exams
  • Pitch meetings
  • Prospecting

The corporate world is filled with events where we can anticipate a win.

Anticipating a win feels good.

You can use this effectively within a marriage.

  • Step up to take a bunch of pain (send your spouse on vacation without the kids)
  • Sex dates
  • Date night
  • Couples retreats
  • Large purchases (works great even if you NEVER buy)

Remember that the win need not be large.

Anticipate small wins.

This is what makes Facebook such a powerful medium.

++

Endings

If you pay attention to your pain memories then you might find that the most painful are ones where peak pain happened at the end.

  • Sports (Packers, anyone?)
  • Divorces
  • Bankruptcies
  • Life, then Death

With parenting, I need to allow time to unwind after things go crazy.

Previously, I would be in a rush to get the kids to sleep so I could get to bed. When things didn’t go easily, which was often with my oldest, I would be ending every single day with peak pain. It was exhausting. My oldest grew up and that worked itself out.

However, our middle kid started having difficulty with his bedtime routine. Applying a little behavioral psychology, we shortened his nap, napped ourselves (when required), and made sure we had 90 minutes awake after putting him to sleep. It made the same situation, seem a lot less painful.

Move the pain away from the ending.

Ideally, take it early.

pancake


These tactics work well and you can find more info in Kahneman’s Thinking Fast & Slow

What Can Go Right

NYE_2014Above is a picture of my beautiful wife at a New Year’s Eve party in the French West Indies. Strangely, quite a bit had to go wrong for us to enjoy this evening.

Last year at this time I had ZERO idea that event was possible.

If you struggle to shake your fears about what can go wrong then here’s an exercise to help you remain open to what can go right.

++

Before your next date night, couple’s retreat or family gathering. Spend a little time asking yourself:

What can go right in my life? 

What I did was take some paper, turned it sideways and wrote two headings…

What Can Go Right // Related Questions

The topics I considered:

  • Asset Appreciation
  • Asset Sales
  • Time Allocation
  • Continuous Education
  • Expense/Income Balance
  • Family Health
  • New Friends and Family
  • Improved Traits

Considering the details opened up some interesting questions:

  • Should we trade out of luxury and low-return assets?
  • Reallocate capital and time towards opportunities for shared experiences?
  • What projects provide the opportunity for family members to work together?
  • What do we want to study?
  • Who is the best person to teach us?
  • Where is a fun venue for instruction?
  • What role does family play in health?
  • What traits are desirable to attract into the family?
  • How can we promote these traits in ourselves?

To hold myself accountable, I highlighted three traits that would make me more effective: be more fun; handle kid noise better; and react more slowly.

In my case, being fun is characterized by being open to new experiences and handling change.

Last year, we did the opposite exercise => What can go wrong => I might be “a little too good” at that kind of brainstorming!

Interestingly, the “wrong list” is full of external events and the “right list” is filled with items that are within our control.

This brought up an essential question…

Am I worried about the right things?

The Big Boys Can’t Do It

We didn’t have the purest of reasons for starting our daughter climbing:

  • Living with her was “rather unpleasant” when she didn’t exercise
  • The classes lasted 90 minutes
  • We didn’t have to stay in the building

There have been some favorable unintended consequences and all our kids will climb.

Upper body strength – Girls that do an upper body sport early get a lifelong athletic advantage in most areas. Climbing fits nicely into our swim family.

Clarity of thought – one of the few healthy ways I could clear my mind prior to my 40s was via exercise. The clarity that arrived through my climbing was addicting. I was fortunate to change sport before serious injury. An old guide introduced me to the progression of a world-class mountaineer (Good, Great, Dead).

But the best part was my daughter’s reaction after the climb in the video.

We were watching the video together. The boy that you can see in the foreground tried to follow the route. He came off on the overhang. Two of his buddies gave it a shot and they both came off.

She smiled, gave me a hug and said, “Look Daddy, the big boy’s can’t do it.”

A useful lesson for daughters, and sons.

Seeking Truth, Enduring Pain

SXMMy favorite quote on pain comes from a champion athlete, Dave Scott.

Dave was giving a talk the day before an Ironman triathlon and was asked, “How do you deal with the pain of racing?”

His reply…

First of all, it’s not pain, it’s managed discomfort

Along the same vein, I heard Dave’s rival (Mark Allen) share the advice that…

To achieve a result, you need to be willing to accept whatever is required to get to the result

Many people confuse pain, with the process.

Others, incorrectly, believe that they can achieve a meaningful life without having to endure discomfort.

Plan => Do Work => Recover & Evaluate

Plan => Do Work => Recover & Evaluate

Plan => Do Work => Recover & Evaluate

The discomfort comes within the process. Specifically, with identifying, and addressing, our shortcomings and beliefs that prevent success.

++

What’s the opposite of “seeking truth, enduring pain?”

Lies and pleasure?

I don’t think so.

Think about a situation where someone “can’t handle the truth.”

What do you receive from them when you probe the truth?

Fear and anger

These are “negative” emotions but useful to point the way towards truth.

++

The ability to see the world clearly requires a commitment towards radical honesty within our own lives.

If I can’t see the truth within myself, I’ll constantly be fooling myself with others.

So…

When I feel fear and anger, I know that I am on to something.

I might be close to an area that’s holding back clear thinking.

Seek the truth beyond the triggers.


Book Recommendation along these lines is Ray Dalio’s Principles – available as a free PDF.

Problem Child

2014-12-21 17.38.03There are three phrases that I pay attention to when they enter my mind..

  • If only…
  • I wish…
  • …not like me

All three are used when I’m trying to get the world to fit into a preconceived notion of what I deserve.

That notion is “more like me.”

🙂

++

A story!

I was watching my daughter’s Christmas recital and thinking 40 years (!) back to my preschool recital.

I was remembering sitting in my grandmother’s car after I had RUINED the recital by singing out of tune.

Smiling inwards at the child I was… a parent leans over to my wife and says, “I can’t figure him out, he’s nothing like me.”

++

Later, I say to my wife,

There’s nothing wrong with that kid. 

Imagine living in a house where everyone thinks that there is something wrong with you and you can’t understand what you’re doing, or why you’re doing it.

Thankfully, that wasn’t my childhood. However, it is the living situation of many kids that are seen as “problems.”

It’s also how I’ve spent most my adult life – clueless on the sources of my effect on other people.

Whether we are talking about kids, or other people, we do everyone a favor if we remember that nothing is being done to us. Most the time, we’re observing a temporary situation that will work itself out.

Christmas vacation can be tough – remember that they will be back at school, grown up and in charge of us (!) soon enough.

Kids and School

christmas_2014I was at a Hanukkah party and the hostess asked me how my daughter was doing at school.

My off-the-cuff answer made a lot of sense…

She’s having fun and is motivated to learn. So I’ve decided to let it roll for a few years and see how she sorts herself out.

Strictly speaking, that’s not 100% accurate.

We’ve hired a tutor to help her for a couple hours on Saturdays and, despite her objections, she learns Spanish twice a week after school.

However, I can’t muster much enthusiasm for worrying about the details.

I don’t believe they matter.

++

After a particularly tough Saturday morning, I was walking around in the forest, trying unsuccessfully to settle myself down.

When highly agitated, I deepen/slow my breathing and consider the big picture.

If my role isn’t to worry then what is it?

What lies at the root of parenting failure?

What actions clearly make things worse?

Abandonment and retaliation

It struck me that the opposite of these actions – resilience and persistence – make excellent partners with my daughter’s core traits (joy and motivation).

So rather than putting pressure on her to worry about the details. I should put pressure on myself to demonstrate resilience and persistence. These are the two traits that my mother-in-law personifies and her daughter turned out fantastic.

Drive insight inwards.

Be the brand.

Early Retirement – The ratio of spending to security

thanksJustin put me onto Mr Money Mustache’s blog (“MMM”). MMM makes a point that if you have a balance sheet that equals 25x your annual spending then you should be set for life.

What prevents us from getting to the magic ratio?

At my best, I see debt and spending as where to focus.

When I’m feeling sorry for myself, I might blame taxes, lack of income or the cruelty of fate.

Like Mr. MM, I retired early. In fact, I’ve had three retirements – two voluntary and one via the insolvency of my de facto employer.

When I was living first class in my late 20s, I realized that I could slash my spending by 90% and take a year long vacation. This change didn’t get me to the magical 25x ratio but it got me close. I worked part-time (as a coach) and knew that I could tighten my spending and get myself to 40x covered.

Somewhere around 2002, I got caught up in the bull market that ran through to 2008. My spending rose, and rose, and rose, and rose. I didn’t mind as I was making good money. If you’re in a high-paying profession then you’re prone to this risk. I’m not unique. Docs, dentists, lawyers and finance professions often extend their careers by 10-25 years by cranking expenditure and borrowing.

My life came to a head in 2008 when the economy went off a cliff, my income dropped 95% and I had grown accustomed to my spending.

Boy did it hurt to stop spending money.

It hurt because I didn’t see the link between spending and the anxiety that filled my life.

Inside my head, the battle raged…

  • I DESERVE…
  • I HAVE NEEDS…
  • IT”S NOT FAIR…

What I was really saying is, “it hurts so much to change. I just want to be happy, please leave me alone.”

I see plenty of conflict in relationships over money. Historically, much of my irritation over clutter stems from an underlying financial anxiety that I’m not addressing via my own habits.

Quite often the main breadwinner delegates the financial planning function, putting their spouse on an allowance and creating a external target for internal angst.

A couple years ago, I realized that I’d done this to my wife. I had to own my fears, change my spending and redirect our family.

+++

I had the courage to take my first retirement at 31 because I remembered the freedom that came from living like a student.

I forgot that lesson, increased my net worth by 500%, and felt completely insecure at 40.

Every $10,000 of expenditure requires $250,000 of assets to buy me financial peace of mind.

What’s the true cost of your spending?

What could you achieve if you removed unnecessary anxiety from your life?

+++

I have buddies that are planning to work an extra decade – to build assets sufficient to support a spending rate that doesn’t bring happiness and strains their home life. They tell me stories of their children begging them to work less.

The pain is real.

So are the benefits from incremental change.