In this episode, we discuss how increasing your human capital is the most significant way to improve your finances if you learn the right things.
Full Transcripts
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 reflect 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. You 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 are going to talk about the more you learn, the more you earn. Almost every day I spend about 30 minutes reading and I spend about five minutes writing in my journal to review my day, write down what I’m feeling, and what I learned from my reading for the day.
I like the write down what I learned from the day so that the stuff that I learned stick mores. I also write in my journal using Evernote so that a year from now I can review what I wrote down a year ago. And then with enough time, I want to do a year, five years, and ten years. And while I was writing the podcast episode I came to the brilliant realization that I should add a photo to the journal to document my day.
This way I can add the visual component to my day. I do all this because I want to see if I’m growing as a person. I don’t want to look at a journal entry from a year ago and find out that I’m not living my best life. I spend time learning so I know what to keep, want to lose, and what I need to add to my life.
For most of the books that I read now, I don’t learn that much new stuff, but if I can get one or two great lessons, then that can be all worth it. For me, I want to grow my Financial Planning business into something bigger, where I’m hiring people. And from my experience in the Marines, as a Federal Employee in the Pentagon, a White House intern, and at my last Financial Services firm, I understand that I need to have great leadership skills, great management skills, and to have a vision for my employees.
If I don’t, then my business is not going to survive and is going to have a lot of hostility. I just work for myself right now but I absolutely hate working with people I don’t respect. I don’t want that type of stress in my life when I know I going to have other stresses in my life.
I just finish reading a great book called the “Jail Blazers: How the Portland Trail Blazers became The Bad Boys of Basketball.” I love the Portland Trail Blazers because I grew up in Oregon and the Jail Blazer Era was my childhood. I was just expecting to learn behind the scene stuff for basketball, but I learned a lot of organizational management skills. Management was a mess and Portland kept bring in people with questionable character into the organization. One person with a lot of talent and is questionable is fine because other people can control that person to keep them focused, but when half your roster is questionable and your management is not helpful, then things are not going to work out.
So now when I build up my Grow With Joe business and start adding folks, then I know what to look for when I hire someone. This is going to same me a lot of money and time, hence the more you learn, the more you earn. The earning part is going to come from implementing the ideas.
I know I can’t implement everything right now, but since I journal and have mastermind groups, I know where I should be focusing my time right now. Ideas are nice but the execution is great. I don’t worry about people stealing my ideas because I know there is plenty to go around and most people don’t know how to execute an idea. And it’s okay for people to copy your ideas for their own ideas. This is how we create innovation. When I read a book, I’m using their ideas to make my life better.
I’m going to be the first one to say that I’m not completely original and I use other people’s ideas as a model to create my own ideas. I’ve read over 225 books and I’ve been listening to 20 hours of the podcast a week for the past eight years so I have a lot of knowledge that I’m putting together to help me live my best life and it was basically done in one hour a day. So start learning so you can start earning. Plus reading a $15 book is much cheaper and faster to complete than a four-year degree, which I would argue is just as if not more valuable than that piece of paper on the wall.
That’s it for today’s episode, to summarize it, the more you learn, the more you earn. So spend a portion of your day learning and then writing what you learned in a paragraph of a couple of sentences on what you learned so you retain the information. Then see what you need to take action on. It’s really simple but it just requires us to be consistent. And that’s what I learned from a lot of books and podcasts, just be persistent, and eventually, you will get what you want out of life.
So in your journal, ask yourself, are you learning enough? What are the next six books you’re going to read? What did you learn today? What is something that you need to learn that will propel your life forward? Are you satisfied with your income? If not, what can you learn to make more? Remember that this takes time, so let your knowledge compound and in ten years will see a real difference.
Thanks for listening today! To get a free copy of my Audiobook “More You Know, More You Grow: How to get better every day” just go to my website growwithjoe.me/book and you can download it right there.
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 my answer on the air, just e-mail me at [email protected]
I’m also on Instagram at Grow With Joe and Facebook just look up Grow With Joe
If you’re on iTunes, don’t forget to give me a five-star rating if you liked this episode and to hit the subscribe button as well.
The greatest compliment you can give me is to share this episode with someone else.
Thanks for joining me today and remember if you go with Joe, you can grow with Joe, cause Joe knows Dough.
*Music outro
