it can't be as stupid as turtle sitting watching Turtles everybody drops off
their Turtles at your house so you have a whole bunch of turtles and then they play
gnarly you don't put them together oh they don't play they don't play Separate oh sorry [Music]
have you ever thought about being on a board of directors it sounds nice what do you think it's
like basically meetings and then they just kind of go about their lives what if I told you that
doing that one meeting once a year you might be able to make ten to fifty thousand dollars oh
pretty nice huh yeah I want to be on the board of directors the nice thing about being on a
board director is you're not actually working at the company you're providing key advice to the
company that the company's willing to pay for and sure big companies will pay a lot of money
for some major players to be on their board of directors you want the seal Disney to sit on your
Coca-Cola board and vice versa smaller companies they still need a lot of advice as well they can't
afford as much but what if one meeting costs them a thousand dollars a year worth it they can pay
it if you can sit on the board of directors for 10 different companies that's your 40
000 salary for the year the question is how do you get that right right it's not hard really
no it's not that hard to become a or member of a company to contribute so much that they
rely on you for certain key tasks it could be a customer service based it could be the it could
be a website could be social media if you are part of a company for three four five years and
you've risen the ranks and then you have to leave for whatever reason but if you can maintain that
relationship you can serve as this key consultant and then you go from job to job and then you are
able to build this connection now effectively in 20 years time in 30 years time you build up
enough connections each company paying you two thousand four thousand dollars a year for this
key service that you provide you don't have to save any of your paycheck because you will
have this continuous passive income part of my vision of being on a board of directors is being
retired or at the end of my career as opposed to at the beginning but how would you make yourself
attractive if you're not like okay a Harvard grad this genius person how would I set myself apart
or make myself look valuable it's just about like pivoting a little bit as an employee one
of the most important things you can do to get a bonus to get a salary bump is to become super
important to the company if you continuously do that and you create this tremendous value
the company would gladly have you continue to be part of their team even if you have to leave for
whatever reason but sitting in a meeting providing some key insights a few times a year sure you
can make time for that I like that that sounds great I have to go find a key Insight or maybe
I have one that I don't think is a key Insight that I could Foster you know you know [Music]
the four percent rule is whatever amount you invest four percent of return is a very
conservative estimate so if you want to retire then four percent right we're really fighting
against the four percent rule the entire time for all these episodes how do you not have to
deal with the four percent rule so let's say you want to hit that forty thousand
really that's kind of like four thousand dollars a month so the second one is just how to monetize
your hobbies you could be a coach you could be a tutor there's these ridiculous things right like
doing mukbang videos just eating a lot of fruit in front of a camera can make you tons and tons
of money as long as you don't consider a work if you're willing to do it for free it's something
you enjoy doing then you make you monetize off of it and it's totally fine you don't have to give it
to a financial advisor to invest it in hopes that it reaches five million dollars in hopes that it
doesn't crash right before your retirement in hopes that you have that four percent return I
just thought of like a really stupid one this is It's really stupid it can't be as stupid as
Turtles sitting watching Turtles everybody drops off their Turtles at your house so you have a
whole bunch of turtles and then they play no you don't put them together oh they don't play they
don't play Separate oh sorry I'm very like very detail-oriented and like I don't know particular
and I like using my hands though one thing that I love doing but it's kind of gross but I like
enjoy it is like deep cleaning hairbrushes deep cleaning because no one does that and it's all
like take out like little tiny tool like it's like a little surgery for a hairbrush you know and like
clean it and I'll spend hours doing it and it's really fun so I just had the thought of like what
if I just record it because it would be like a weird like therapeutic you know what I mean like
people like watching cleaning type stuff hey if anybody is interested in cleaning your toothbrush
or hair brush hair brush hair brushes at this time people send toothbrushes to you you should send
them to me I'll clean them people keep theirs and it passes on for Generation really well yeah this
is my grandmother's hair brush or something like that right it's meaningful yeah it's important to
clean it is it okay I've never done that I'll start with you it sounds good laughs [Music]
the third one is related to something we talked about last time instead of working
for a non-profit you can create your own non-profit a non-profit is a lot less risk
it's doing whatever you love doing in the previous episode we talked about there's
all these huge organizations out there that are nonprofits that you can join and do what you love
and be part of that cause but what if you have a private smaller uh interest that there's no big
organization well you can still start that and then have all your family and friends donate to
it and then now you can receive a salary maybe when you retire you're a senior citizen so you
want to take care of other senior citizens maybe you want to give free baths to dogs
and cats so you create a little clinic to do that and then now you service your community
anybody who has dogs and cats every Saturday we have a dog wash or cat wash right and so you you
provide that service and you really enjoy doing it then people donate and then you can receive
a salary so the difference is this is not just a hobby where you want to do you know momentarily
but this is a service a cause that you truly believe in and you want to be a part of and
maybe big organizations they're they're not doing it and this is very local to you well then if you
have enough supporters you do it then that's a nice little retirement without having to save a
whole bunch of money my first thought was it'd be cool to offer like free interior design for like
families I don't I don't know like I just yeah that would be really nice like cleaning but then
also organization design um that's so neat putting it all together and it doesn't even have to just
be their whole house it could be just their desk or their Spotify account or just one thing it's
like wow you you really didn't organize your files I feel like it would be rewarding because I've or
like it's it's enjoyable but it takes a lot of time and a lot of people just don't have the
time or the resources yeah it's a very worthy non-profit so if family and friends donate to
your cause they get a tax write-off you get a salary and then the public gets a benefit
it's a really nice system that the US created so if you truly believe in it that's good foreign
[Music]
these have all been really awesome now my list is get on Boards of directors find eight hobbies and
start start a non-profit I feel like I'm gonna have to up my productivity to make any of these
happen do you have any any tips and tricks on how I can and do that a lot of times when we're
striving to be more productive it's because we have a certain image in mind it's usually
two things juxtapose together how can you be so successful in your career and have so much time
with your family and go on vacations most people who are striving to be more productive or thinking
about this topic already I'm pretty productive they already juggle a bunch of different things
and they just wanted to do a little bit more on those two or three things and then once they
achieve that then they've satisfied their mental image of this is you know a super productive life
so the question is what is that image what is that thing that you're really striving after and really
boil it down and see how to to achieve it one of the things that I found that's really beneficial
is just to try to do two things at once in order to achieve that for example one of my things is
how do you be fit and catch up with all your shows if you just take the two things that you feel like
there are Polar Opposites and then you combine them at one and you do it some simultaneously
then a lot of times you achieve that productivity so while you are on that treadmill while you're
doing the StairMaster you have your iPad and you're watching all your shows and the only
time you're able to watch your anime is if you are climbing your you know fifth stair
or something like that short time without having to travel on difficult badge collecting Journeys
I think for me it's definitely like the exercising or just being more active and like you know have
time to read and meditate and journal and smush those together with then like a workday do you
run or dance while listening to uh audiobooks no have you tried no so to some people it works to
some it doesn't I know Malcolm Gladwell he runs like six miles every day and he listens to a
lot of audiobooks at least that's what he says maybe he's advertising for audiobooks I don't
know but that's like okay well you got your exercises and you got your reading in right
um but yeah that is that those are opposites but somehow you're able to combine it foreign
how can we attain happiness and not just for a moment right how can we truly be happy so when
I was thinking about this particular topic I didn't really get to one magical answer but