Start With Why - Friday Fundamentals

Published: June 5, 2020, 3 p.m.

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Ok, so it\\u2019s June at the time of this recording. 6 months into the year. 6 months into your new year\'s resolutions. I know, I know. I\\u2019m not here to harp on you for letting those be nothing more than a distant memory. After all, who could have predicted the things 2020 has brought so far. If you have slipped up on some of those new years resolutions, well I have news for you \\u2013 you\\u2019re not alone. I have a good handful of things that aren\\u2019t tracking so well \\u2013 some in my control, and some out of my control. But honestly, those are just easy excuses. Things change, we change, and maybe who we were and what we wanted 6 months ago are no longer the same as they are today. That\\u2019s perfectly ok. This can be a bit of a dichotomy in my experience though. Set goals, take consistent action, and achieve the outcomes you want. On the other hand, be flexible, adapt to change and keep your eye on the prize. These two things, while not exactly contradictive, can be hard to merry up sometimes, in my opinion. So my solution to that is to view my own path as one of constant improvement, intentional action, and keeping my focus on that end result. With an engineering mind, this makes perfect sense to me. Make a plan, adapt to changes, find solutions, solve the problem. Simple and straightforward. This approach though only addresses the \\u201cWhat\\u201d and the \\u201cHow\\u201d parts of the equation. The third part, and arguably the most important, is the \\u201cWhy\\u201d.

Now, a quick caveat here \\u2013 many of the topics discussed on this show are inspired from the materials I\\u2019m constantly consuming like audiobooks, podcasts, reading, etc. This Friday Fundamental is no different and is inspired by the current book I\\u2019m reading, Start With Why by Simon Sinek. As you might guess, Simon talks about the importance of starting with why. So many of us set out on our respective journeys with the \\u201cwhat\\u201d and \\u201chow\\u201d all figured out, only to lose sight of our \\u201cwhy\\u201d or worse, never even start with one. So today, I want to dig into finding your why. Your why is your purpose. It\\u2019s what drives you and motivates you to take action. It\\u2019s the thing that makes what you do not feel like work.

So let\\u2019s look at a scenario. You\\u2019ve set out to accomplish something \\u2013 let\\u2019s say start a business, buy an investment property, read a book, or whatever it may be. Your typical thought process might look like first identifying the \\u201cwhat\\u201d. Typically, the \\u201cwhat\\u201d is the end thing we desire. The \\u201chow\\u201d is the vehicle to get us to that what. The \\u201cWhy\\u201d is the reason behind the \\u201cwhat\\u201d.  

Let\\u2019s take buying a rental property as an example. The end goal isn\\u2019t necessarily the rental property, but rather the passive income it will create. After all, there are other ways to create passive income (like investing in dividend-paying stocks, etc.). The passive income is the \\u201cwhat\\u201d. It\\u2019s the desired outcome here. The investment property is the vehicle, or the \\u201chow\\u201d. But what we\\u2019ve yet to define is our why. Our why is more important than the \\u201chow\\u201d (rental property) and the \\u201cwhat\\u201d (passive income). Without a strong why, we don\\u2019t have a reason or motivation to strive for and achieve our biggest goals. It all starts with our why.

You have so much potential within you. The things you\\u2019re capable of are limited only by your imagination. With a strong \\u201cwhy\\u201d, you\\u2019ll have a sense of purpose to set the bar high and achieve the things you\\u2019ve always dreamed of. So with whatever next challenge you face, start with your why.

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