In this episode, we discuss how you should look at your day and the activities that you do.
Full Transcript
Hi Everyone, welcome to the You’re Daily Cup of Joe Podcast, with your host Joe Bautista. In this podcast, my goal is to give you quick lessons that you can reflect on in your journal so you can grow yourself physically, mentally, emotionally, and spiritually and have a better career, better relationships, and better personal finances while you enjoy your morning cup of coffee.
I’m also the author of the book “More You Know, More You Grow: How to Get Better Every Day”. In this book I wrote down over 30 tips to help you grow in those four cornerstones. I’m also the founder of Grow With Joe, where I combine self-development coaching and financial planning for Latino Professionals.
At the end of today’s podcast episode, I’m going to give you a prompt question to reflection on in your journal. The idea is to take one to five minutes to reflect on today’s lesson and write a minimum of one paragraph on how you can apply the lesson in your life life. Your can use an actual journal, a word document like on Google Drive, or your note taking app like Evernote. The idea is that you’re actually thinking about how to process the information to help you improve your life.
In today’s episode, we’re are going to talk about how you should go after the 100 dollar bills in your life. I learned this great lesson from someone I was talking to a couple years ago at a conference. She did time management coaching and she mentioned that every day you wake up, you wake up with a hand full of bills.
Let’s say there are five ones, five fives, two fifties, and two one hundred dollar bills. And as soon as you wake up, that hand full of money is going to be blown out of your hand. Now it’s your job to go find those bills. Now which of the bills should you go after first. The obvious answer is that you should go after the hundred dollar bills.
But going after those hundred dollar bills will be much harder to do than to go after those one and five dollar bills. You could spend all your time going after those one and five dollar bills but you won’t have time to go after the fifty and the hundred dollar bills. So at the end of the dollar just spending your time going after ones and fives, you will only have $30 dollars for the day. And for the week, you will only have $210.
Now let’s say you spend time only focused on going after hundred dollar bills. The first day, you might not find anything, then Tuesday, you don’t find anything, but then on Wednesday, you got lucky and got a hundred dollar bill. Then on Thursday, you get nothing, Friday again, you get nothing, Saturday, nothing again, and on Sunday you get a hundred dollar bill. For the week you will have $200 for the week which is $10 less than going after the ones and fives.
This might seem like a waste if we only look at things for only a week, but if we look over a year, the person who spends a majority of their time on finding hundred dollar bills, will get better and better and collecting those hundred dollar bills. There will come a point where that person will collect one every other day, then every day, then they are collecting two a day for a week which will give them $1400 for the week versus the $210 going after the ones and fives.
If we look at our day, are we going after the hundred dollar bills or are we going after the one and five dollar bills? Your life will pretty much state which path you’re following. At first, going after those hundred dollar bills will be hard and frustrating because you’re not getting what you want. This is happening to me and my business. I have to do all these uncomfortable things like Facebook Lives, Podcasts, and reaching out to folks to generate business, but this is how I will get my hundred dollar bills. I’m take a cut in my pay right now so that I can have the opportunity for a brighter future. It would be much easier to do something less challenging but it wouldn’t be fulfilling for me. I need to generate revenue so that I can make the social changes I want to see in the world. So I need to go after the one hundred dollar bills.
There will be a lot of uncertainty in the beginning where you’re not getting your value for the amount of time you’re working. This might be true if you’re working on the wrong things but you have to reflect to see if you’re actually going after your hundred dollar bills. I already have a couple of clients now so I know I’m on the right track. I just need to keep putting in the work so I get better at finding my hundred dollar bills. If you want to play it safe at first and go after nothing but ones and fives, then you will only have $210 for the week, then what happens when you’re expenses go from a hundred dollar weeks to $200 a week. Now you don’t have much leeway for things going wrong. When you’re young and don’t have much responsibilities, you want to make sure you’re taking time to get good at find hundred dollar bills because you want to build up your safety net. If you’re making $300 for a week, you’ll be in a much more secure position than making $200. It all depends on what you have as a stock pile when the unexpected hits.
The average person has about $2000 in unexpected expenses every year so I’m just trying to warm people that this happens and to make sure you’re ready for it, make sure you’re spending your time on things that will generate value to you so you are more protected.
That’s it for today’s episode, to summarize it, we need to go after the hundred dollar bills in our life so we can stay protected against the unexpected. Your hundred dollar bill is going to be different from mine, so you need to figure out what is the most valuable activity that you should spend your time on. You don’t have all the time in the world so you want to make sure it’s spend well. Plus if you fail after going after you hundred dollar bill, then you have the next day to try again.
So in your journal, ask yourself, what is the hundred dollar bill that you should go after today? You probably already know what you should be doing but you try need to keep doing it so you get better at it. We all suck in the beginning and we will only get better with practice. I hated doing these podcasts at first but now they are pretty easy and it doesn’t take me five minutes to hit the submit button. I’m working on other things and I’m just getting better. I know with enough time, learning from experts, and taking action, I will get good at collecting my hundred dollar bills and you can do the same as well.
Thanks for listening today! To get a free copy of my book “More You Know, More You Grow: How to get better every day” just go to my website growwithjoe.me/book and just pay for shipping and handling.
I have a quiz on my website that grades your inner circle, so if you want to find out if your inner circle is an A, B, C, D, or F, you can take that quiz at growwithjoe.me/quiz
I’m also trying to do a feedback Friday episode, so if you have a question that you would like to have me answer on the air, just e-mail me at [email protected]
I’m also on Instagram at Gro, and that will come from doing the right things. You don’t want you grand kids to have a crappy future do you?w With Joe and Facebook just look up Grow With Joe
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Thanks for joining me today and remember if you go with Joe, you can grow with Joe, cause Joe knows Dough.
*Music outro
Never Eat Alonehttps://www.amazon.com/dp/B00H6JBFOS/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
