What He Said!

When I open my laptop to start writing each day, I often don't know what the blog will be about. And sometimes, the creativity doesn't just automatically stream from my fingers. I suppose that will occasionally happen if I'm committed to writing 365 days per year. Today is one of those days. So I did the first thing I always do when I need to find a spark: scroll social media. I never know what I will see, but I 100% know I'll be inspired by something I come across. And man, was today's ever inspirational!

As I was flipping through Twitter (sorry, I can't call it X), I saw something my guy Elliott Frey shared. It was a postgame interview with Arizona defensive player Martell Irby, who had won the Alamo Bowl moments prior. Here's the video. It's only 2 minutes long, and I couldn't recommend it enough.

🥲 pic.twitter.com/qvCTChNTSU

— no context college football (@nocontextcfb) December 29, 2023

This clip sums up nearly everything I believe in. It's an absolutely beautiful witness and testimony of the pursuit of meaning. These 114 seconds are packed with so much:

• Faith

• Persistence

• Redemption

• Gratitude

• The importance of community

• Humility

• Living in the present

• Work ethic

• Love

• Determination

• Patience

I feel like this is where I should elaborate on his words, providing context and adding value.....or maybe throw in something witty. Truth is, there's nothing I can add to make this better. I don't know Martell. Scratch that, I don't even know anything about Martell other than what these two minutes told me. But I can tell you one thing: This man's gravitational pull makes you want to be around him. It's contagious. It's vulnerable, and it's genuine. It's all about meaning. 

So instead of trying to find something clever or valuable to say, I just have one thing: What he said!

You Wouldn’t Pay a Doctor to Hurt You

A friend, who is now a reader of this blog, recently asked me to do a quick assessment of their investments. After reading several posts where I ranted about how most people unknowingly have terrible investment portfolios, he had a growing suspicion that his portfolio probably fell into the same camp. His story is similar to most. In an effort to help their grown children, their parents gave them a referral to the financial advisor they've been using for many years. After all, this is a person they trust. It's a long-standing relationship, and their portfolios have increased over time. And in their parents' defense, when they started investing, this was the ONLY way to invest. It's the traditional way to do it. 

I dug into their funds, took into account their weightings, and this is what I found. Over the last ten years, their investment composition had a return of 8.97% per year (we'll call it 9%). Pretty good, eh? After all, the stock market's historical average is around 9% per year for 150+ years. One problem, though. The total US stock market, over the same period of time, had an 11.50% annual return. This means their portfolio underperformed the stock market by 2.5% per year.....wow! Oh yeah, and they paid their financial advisor 1.25% per year for the privilege of getting their butts kicked by the market. 

So after factoring in sub-par returns and the manager fees on top of it, they performed 3.75% less than they could have performed by simply pushing a few buttons on their phones: 7.75% vs. the market's 11.50%. You wouldn't pay a doctor to hurt you, but this is the financial equivalent of doing just that. 

Let me illustrate it for you. This couple is 30 years old and has approximately $20,000 invested. Let's assume these same returns persist between now and age 65. Here's what would happen:

• Their current portfolio would end up at $270,000

• A simple investment in a total stock market index would be $900,000.

That's a $630,000 difference! Their returns would be 3.3x more.....triple!! And this doesn't even account for additional investments into their account between now and 65. This is ONLY the original $20,000 investment. 

Now I doubt these same returns will repeat themselves over 35 years. Let's pretend the market returns 9% per year instead. And let's also assume their financial advisor will pull a rabbit out of his hat and tie the market (but they still have to pay their 1.25% fee for the privilege). Here's what would happen:

• Their current portfolio would end up with $273,000. 

• A simple investment in the total stock market would end up with $408,000.

That one decision made them $135,000....not accounting for additional investments!

Epilogue: After this conversation, the husband independently set up an account to invest in the total stock market index. The entire process took him 15 minutes. Those 15 minutes just made them more than $1M! That's what I call a great return on investment!

There’s a Hole in the Boat!

Do you ever feel like you're living month-to-month or paycheck-to-paycheck with your money? You're trying to make progress, but there's just not enough money to make it happen? You try to cut back and create margin, but it's just too dang hard? You're not alone! This is the plight of millions of Americans.

I have a little secret for you. You might not believe me at first, but I'm dead serious. You probably have more margin than you think. The money that you've been looking for is probably already in your paycheck. But there's a problem: There's a hole in the boat!

One of my favorite parts about starting a new coaching relationship is the first spin through their monthly budget. They've already provided me with all their monthly needs, wants, and debt payments. I digest all this information and visually lay it out on the screen. Then, we go through it, line by line. I encourage them to jump in if we're missing anything or need to edit a particular item. Then, the grand finale that I always eagerly anticipate is the moment we hit the bottom of the budget, only to discover hundreds or thousands of dollars left over.

There's a moment of confusion and bewilderment, almost as if they forgot to include their mortgage payment or grocery expenses in the above information. But they didn't. It's all been accounted for.....and there's still a ton of money left over. Sometimes, a family has $500 of unexpected margin......sometimes it's $5,000. Most families have $1,000-$3,000. But whatever it is, the look on their face is priceless. It's the look of hope and optimism. There's also some embarrassment at play, but here's my encouragement: They aren't alone! You aren't alone! So many other people are dealing (or have dealt with) the very same thing....myself included.

The hole in the boat is us. We're the hole. Impulse buys, friction in our day-to-day lives, the pursuit of convenience, external forces, forgetting upcoming items, lumpy expenses, or underestimating how quickly small things add up. Each of these factors leads us down the road of a leaky boat.

Good news, though! We can plug the hole. It's simple and effective. A budget! A budget is a surefire way to plug the leak. Not to rob ourselves of fun and enjoyment, but rather to harness that margin for what's most important. If you want to save up for a big family trip, plugging that leaky hole may be THE answer. If you're trying to save for retirement or your children's college, that leaky boat may be the reason you never get there. If you want one spouse to stay at home but can't make the numbers work, fixing that leak may be what the doctor ordered.

Once we fix the leak, we regain control. We're the boss. We get to determine the fate of that money. It's going to go somewhere, so we might as well be the ones directing traffic.

Plug that leaky boat! Lean into YOUR values.

More Control Than We'll Admit

Oh, inflation. Inflation, inflation, inflation. Inflation is a topic that doesn't seem to go away. It's now as engrained in our cultural narrative as Taylor Swift, TikTok, and my Bears being terrible. Inflation is an easy target. It's easy to point to a single number as proof of why we're screwed. "Well, gas prices were x, and now they are y," or "My weekly grocery haul used to cost b, and now it costs c." While those facts may be true, they don't properly account for the overall picture. They are just numbers in a vacuum. 

I had a conversation ask week that may illustrate the topic. While meeting with a client, we were looking closer at their current monthly budget. This exercise was through the lens of changing circumstances and a desire to carve out more margin. This family's monthly needs are approximately $9,000. This accounts for food, housing, utilities, transportation, and other items that are essentially needs. 

Curious about the broader context of this number, I flipped back to some of their older budgets (from four years ago). Much to their dismay, their apples-to-apples monthly needs were just $5,000 back then......less than half of what they are today! You may be thinking to yourself, "How do monthly needs go up by $4,000 in just four years!?!?" There are a few reasons this happens, which primarily include:

• Inflation

• Changing seasons of life

• Lifestyle creep

• Evolving definition of "need"

I don't highlight this to point fingers. This isn't a condemnation of them (or anyone else). Rather, this is a great opportunity to look in the mirror, be honest with ourselves, and act accordingly. 

Yes, inflation has done a number on this family. That's a very real thing. We can go category by category and see how their monthly spending has changed over the years (one of the benefits of budgeting and tracking over a long period of time). Inflation has played a role in this. 

But we also need to take account of all the areas in our lives that we've inflated (whether intentionally or unintentionally). Just because we can spend on something, it doesn't mean we should. It's so easy to squint our eyes and decide xyz is now a need, or what was once needed isn't enough anymore. We humans justify all sorts of decisions this way.

We also have to look at our major decisions and how they impact our financial journey:

• The cars we buy

• The house we live in

• The childcare we choose

• The stores we shop at

• The food we eat

Not all decisions are created equal. Some decisions can transform our budget to the tune of hundreds or thousands per month. It's critical that we view each decision through the lens of our broader life and what's most important to us. 

So as we enter a new year, perhaps this is a great time to take a look at your numbers. Take back control. Focus on meaning. Create margin. Give yourself peace. You deserve it!

Expectations vs. Reality

Do you ever script out, in your mind, how something will go? What it will look like, feel like, and be like? There's a specific vision in your mind, with an anticipation of it all playing out just as you planned? Oh cool, me, too! And just like clockwork, it rarely goes according to plan. That can be such a defeating feeling.

This was my Christmas day. It didn't look or feel like I imagined it in my head. You know what's crazy, though? For the first time ever, I went in with an anticipation that my perfect little vision probably wouldn't materialize. Some may call it pessimism. Others may call it experience. I call it growth. In years past, I would find myself getting pretty sad when my little vision melted as reality set in.

Most of our Christmas day was spent as a party of three, as Sarah spent most of the day in bed with a brutal sinus infection. I felt terrible for her. Also, instead of a white Christmas, we received an odd 50-degree Christmas day. That sounds possibly fun, except for the fact it rained all day. The boys and I saw the new Wonka movie at the theater. About 15 minutes in, the screen went black, where it would stay for about 30 minutes. After getting it running again and adjusting the timestamp of the movie a few times (resulting in us seeing the same parts multiple times), it went from a two-hour movie to a three-hour experience.

Nothing went quite as expected. But it was still an amazing day! I knew it would look different than I had hoped for, and that's ok. I was ready to embrace it for whatever it is, and create memories with the kids nonetheless. And that we did. It could have been a huge letdown, but we thoroughly enjoyed our little tainted Christmas. We lived in the present and enjoyed our time together.

I think our Christmas is a parallel to much of life. It's rarely going to go as we hope, so we have two options: a) lament the fact reality isn't matching our expectations, or b) continue to see it through, embracing whatever plays out in front of us. It's going to be messy, frustrating, chaotic, and a roller-coaster. We can wish for something different, but we can't wish away reality. All we can do is expect the unexpected, savor whatever comes, and always decide to make lemonade when it's raining lemons.

I hope you had the absolute most perfect day ever, but in the likely event you didn't, I hope you embraced and savored your very imperfect Christmas day, too. Today won't be perfect. Tomorrow won't be, either. That's ok, though! Embrace whatever comes your way.

Happy Birthday!

Happy Birthday! No, I'm not talking about Frosty. I never really understood that part (3 times!) when Frosty blurted out "Happy Birthday" to himself. Also, was his memory wiped each time his magic hat was removed? Anyway, enough with the Frosty tangent.

Today is a big day. I love Christmas. I love the movies, lights, foods, decor, traditions, and music.....all of it. It's the one time of year I feel the intentional nudge to slow down. But today is another big event. It's Jesus's birthday! Amidst all the typical Christmas celebrations and traditions this time of year, in our house we try to always point the focus back to the real meaning of Christmas: Jesus.

He may be the only human in history who, instead of receiving gifts, brought the gift.....the ultimate gift. He was born among us so he could sacrifice himself for us. If you're a Christian, please don't let this get lost in all the fun and celebration today. As for us, we'll have a typical Christmas day. Presents, movies, food, and NBA games (of course!). But we'll also take a moment to place a few candles in cupcakes (or Little Debbie tree cakes based on what I'm seeing in our pantry) and sing Happy Birthday to the one worth celebrating. It's a fun little way to pause, remember, and refocus on what this season is all about.

Merry Christmas, everyone! I hope you have the most wonderful day.

We Can’t Have Special Without Boring

Let's be honest. Most days are normal (i.e. boring). We wake up in the same place, eat the same food, do the same things, see the same people.....and repeat. I'm not knocking it, as I'm a creature of habit, but it's true. Yesterday, though, was a different day. I enjoyed some coffee on the couch with the family, knocked out some year-end business admin work, played Madden with Pax, went to Northern Vessel for some delicious drinks, took the kids outdoor ice skating, went snail shopping (weird development), grabbed take-out pizza, and finished the night by watching the Grinch.

Not all days are created equal. Something about yesterday really got to me. While most days fly by and are gone before I know it, I found myself savoring the little moments yesterday. It felt different. It felt special.

It would be easy to wish every day to be like yesterday; it can't be. The normal of life is what makes those special days special. If every day were special, then no day would be special. That's why we shouldn't overlook or demean our normal, day-to-day life. It's the normal that creates the special. That's why going out to a nice restaurant is special.....because it's not normal. If we went to a nice restaurant every night, it would just be called dinner.

This, in part, is what makes the Christmas season so meaningful. We wait, and wait, and wait, all year, until it finally arrives. It's the anticipation. It's the wait. It's the scarcity. Then finally, it's here!

Merry Christmas Eve, everyone! I hope you have a special day filled with special memories. And remember, these types of days are only special because of the normal life we get to live. Embrace the normal and be grateful for it. That's what lays the foundation for the special.

Have an amazing day!

The Slavery of Comfort

Several years ago, one of my friends created a product that I believed was revolutionary. He found the solution for a widespread problem, created a product that addressed it perfectly, and was on the precipice of introducing it to the world. He had so much passion and heart for this idea. He even referred to it as a calling. One problem: He didn't have the time to invest in the launch and implementation. Well, that wasn't the problem, exactly. The problem was how to create the time. The short version of the story is that he needed to scale back or quit his day job. Translation: he needed to take a temporary pay cut to fully make the transition.

His family lived a very comfortable life. Nice house, nice cars, and all the other things that go hand-in-hand with a comfortable life. Taking a pay cut was a tricky proposition, as living a life as comfortable as his is not cheap.

Seeing how special this new opportunity was and how badly he desired it, I had a novel idea for him. Cut back on the lifestyle. There were several ways he could have achieved it. Downgrade his cars. Buy a different house. Spend less on luxuries. He hated these ideas. He was adamant that all of these ideas were non-starters for his family. He even added, "We're not being called to sell our house or cars." Ah, yes, I forgot about the part where God tells us to aggressively pursue comfort! My bad.

You can probably guess what happened next. His dream died. He latched onto his comfortable life and let his calling whither away. He remained in a job that he largely disliked. He continued to wake up each morning merely tolerating what he was about to do. But hey, at least his life was comfortable. At least he retained all the symbols and signals that tell the world he's wealthy and successful.

He, like millions of Americans, is a slave of comfort. It's one of the ultimate ironies. The more comfortable we are, the more entrapped in our comfort we become. We will give up nearly everything for comfort. We give up our dreams, callings, financial freedom, mental health, and even our relationships.

Worse, the entire idea of comfort is a moving target. What's comfortable today will seem blah tomorrow. I have friends who now live in their third "forever" home. Or the couple who built the house of their dreams (6 bed / 5 bath), only to sell it 18 months later, after becoming pregnant (because that house "won't be big enough for a family of four"). There's always something newer, faster, shinier, bigger, and more comfortable. It doesn't end.

Unfortunately, every aspect of our society tells us to pursue comfort above all else. We're slaves to it. It traps us. We can have comfort or progress, but we can't have both.

My strongest encouragement is to choose discomfort. It will change you....and you will change others.

It’s Possible…..If You Believe

I recently met with a young couple who are frustrated with their finances. They are early in their careers with lots of potential, but with one elephant-in-the-room problem: a ton of student loan debt. $60,000 of student loan debt. They've paid some of it off, but it feels daunting to them. If they just make the minimum payments, it will be gone in eight years......but that idea sucks.

"We'd like to pay it off in two years, but we know that's not a reasonable goal." They are right. It's not a reasonable goal. It's an absurd goal. Everyone in their life agrees, too. There's no shortage of people who tell them to quit trying to pay it off. It's not possible, they say. It will take forever, they are told.

Their challenge to me was to develop a plan to get the debt paid off as quickly as possible......whatever that timeline looks like. Paying off debt (as well as other financial ventures) requires creativity. Nothing is black and white. Rather, we need to think outside the box, take inventory of all the different tools in our lives, and find ways to create something beautiful with them.

Here's the end of the story. This couple can pay off this $60,000 in nine months. NINE! Yes, less than one year. They chuckled at the absurdity of my pitch, waiting for the punchline. But there was no punchline. I was being serious. Over the next 10 minutes, I outlined all the tools they had available to them. Piece by piece, we chipped away at the timeline, one month at a time. When I was done, they looked at each other, then back to me, and the wife said, "That actually seems doable. Are you sure the math is right?"

There's one important ingredient that's needed for them to succeed. They actually need to believe it's possible. If they do, it can happen. If they don't, it can't. The belief makes all the difference in the world. This is what sets some people apart from the rest. They have the absurdity to believe something is possible when the rest of the world just shakes their heads and rolls their eyes.

Two ideas come from this. First, be someone who believes. Not blindly believing, but someone who gives yourself permission to dream and plan, then the courage to act. Second, surround yourself with people who believe. People who believe in you. People who believe in your dreams. People who believe in the impossible. Those people will lift you up on the days when your own belief might start to wain.

It's possible.....if you believe.

Doing the Right Thing is Always the Right Thing

We had a situation in our house last night. Sarah and I had dinner plans with our long-lost friends, Ryan and Anna, who are visiting family for the holidays. We were excited for dinner and had a babysitter lined up. Then, something happened. About 90 minutes before the babysitter was scheduled to arrive, our kids received an invite for another activity that was too good to pass up.

We had a dilemma on our hands. We wanted our kids to do this other activity, but we didn't want to disrespect the babysitter by pulling the rug from underneath her. Therefore, we quickly found a workable solution. I contacted the babysitter to communicate our change of plans (along with an apology), then Venmo'd her the same amount of money we would have paid her for her babysitting duties.

On one hand, we didn't owe her anything. She didn't actually spend her time babysitting. She didn't actually earn it. Plus, it would have been great to save 50 bucks. However, paying her was the right thing to do. And doing the right thing is always the right thing. I still felt bad about it, but she got paid in full, and hopefully, she found something else fun to do instead.

It feels like our society operates on a series of technicalities. If there's no hard rule or signed contract, we'll do anything to make self-serving decisions. Here's an example. I go to dinner and use a gift card that covers the vast majority of the bill. Since we typically tip on the amount of our bill, I don't technically have to leave much of a tip. But doing the right thing is always the right thing.

Here's another. Sometimes, my coaching clients use their meetings at a slower pace than originally structured. In that case, they can run out of contract term before using all their meetings. Technically, I don't have to honor these meetings. After all, the contract has expired. But doing the right thing is always the right thing. In that situation, we just extend the contract to ensure they get their final meeting(s) in (at no cost to them).

I could give a hundred more examples, but I'll save you the time. Instead of finding ways to derive the best outcome for ourselves, we should always look through the lens of the right thing to do. If the right thing falls in our favor, great.....if not, great. The right thing is always the right thing.....because it's the right thing.

When we operate our finances this way, we remove all doubt about motives, reasoning, and justifications. It builds trust. It creates goodwill. It shows the other side that we respect them.

Doing the right thing has surely cost me thousands of dollars over the years, but it's an absolute no-brainer. I have a clear conscience and build meaningful relationships in the process. I hope you do the same. Doing the right thing is always the right thing!

Progress Through Imperfection

One of my clients felt frustrated this month. They are early in their budgeting journey, having just finished their first full month of planning, execution, and tracking. It's a newer concept to them, and I'm asking them to approach it in an entirely different way. They are nervous, excited, and cautiously optimistic about the entire thing. They felt pretty good entering their first month, but ultimately exceeded the budget by approximately $150.

They expected me to be disappointed in them, but I was nothing short of excited and optimistic. While they viewed a $150 miss as a loss, I call it a win. Here's why. They were expecting perfection, while I was expecting progress. My hope was for them to have a plan, give their best efforts to honor the plan, do it with unity, and track it accordingly. In my book, they get an A+! Nowhere in there did I expect perfection.

Here's a little secret. The best budgeters rarely get closer than $150 to their targeted budget. What it most often looks like is missing by several hundred on either side of zero, month after month after month. Then, if you take an average over a long period of time, it averages out reasonably close to zero. Perfection is never the goal. The goal is progress through imperfection.

This is a powerful concept with money (among other things). We need to let go of the expectation of perfection. The moment we stop expecting perfection is the moment we can actually make meaningful progress.

You're going to mess up. I'm going to mess up. We're all going to mess up. When we do, we have two options: 1) give ourselves grace and simply move on, or 2) beat ourselves up and dwell in frustration.

Back to the couple at the beginning of the story. They began the conversation frustrated, but ended it encouraged, optimistic, and excited. The lynchpin was grace. They gave themselves grace to be imperfect. Progress through imperfection.

Go be imperfect today!

The Multiplication of Impact

I had lunch with my friend Rob yesterday. Rob is equal parts intense, passionate, and servant-hearted. He's the kind of guy that will empty his entire life savings to help a stranger on the street.

In addition to his day job, Rob runs an organization in Zambia called Shoulder 2 Shoulder. Food insecurity is one of the most significant issues in Zambia, and his organization tries to attack it in two ways. First, by providing food (to 1,500 households per month). Second, by training sustainable farming techniques. Their model is pretty cool. They teach people how to farm their land, provide them with the necessary inputs to farm it, then buy back a portion of their crop (to give away to other hungry people). With the proceeds from selling their crops back to Shoulder 2 Shoulder, the local farmers can afford to care for themselves and buy next year's farming inputs....and repeat.

Rob and I periodically have lunch to catch up on life/work/family, discuss all things generosity, and for him to update me on his ministry work. These discussions always come with a handout. Rob knows I like tables, data, and charts.....so he never lets me down! As I was scanning the page, something caught my eye. "Rob, what's this?," I asked as I pointed to the text: "Shoulder Water." Rob explained that one of the components of his ministry is to drill freshwater wells in villages so people can have clean water to drink. They've drilled 13 wells in the past few years.

Naive, I asked Rob what people do in villages without these wells. They either walk to a different village and carry back the water, or they simply don't have access to clean water.

Progressively curious, I asked how much these wells cost. $2,000. Wait, for $2,000, all in, hundreds of people will go from having no clean water to having clean water, just like that?!?! Rob, so you're telling me that one $2,000 investment changes hundreds of lives for years to come!?!? Talk about a strong return on investment......holy cow!

I gotta be honest. I'm glad I didn't have my checkbook at lunch yesterday. There's a possibility I would have handed my life savings to him. If $2,000 can permanently change hundreds of lives for years to come, is there actually anything better we could do with our resources?

Impact multiplies. It always does. In this case, however, I can't even wrap my head around the possible multiplication consequences. I immediately told Rob I'd fund one well this month. I'd be dumb not to.

Speaking of multiplication, I have an idea. If my $2,000 gift can help change hundreds of lives by giving people easy access to fresh, clean water, what would happen if others got involved? The nifty little handout Rob gave me yesterday indicated their plan is to fund five more wells by this time next year.

What if we funded all five this month? I just claimed one. Do you want one? Two? Or maybe a partial? What if a handful of us, connected by this silly little blog, banded together to multiply impact for thousands of people on the other side of the world for years to come? What if?

Please hit "reply" to this e-mail if you're interested. It's happening....

The Secret Behind the Curtain

We recently introduced our kids to The Wizard of Oz. One of my favorite scenes is when the great and powerful Oz is outed. Until that moment, he's a larger-than-life figure with great power and status. However, there's a moment when Dorothy and her posse get a glimpse of what's actually going on behind the curtain. Turns out, Oz was leveraging technology to make himself look bigger and more powerful than he actually was.

"Travis, how do people afford to live like this?!?!" This is a question that I get at least once per week. I've been asked this question for years, but it's probably ramped up 4-fold in the last 12-18 months. At the heart of the question is a mix of frustration, bewilderment, and voyeurism. Regular people trying to navigate this difficult financial season can't wrap their heads around how everyone around them are buying nice cars, upgrading their houses, affording elaborate trips, and revamping their wardrobes. I often wonder the same thing as I look around and see the madness unfolding in every direction. How in the world do people afford this? Are they harvesting cash from their money tree? Do they all have ridiculously high-paying jobs? Do they have tens of thousands of cash saved in the bank or under their mattress? No, no, and no.

The answer is usually relatively simple. You want in on the secret? I'll tell you if you promise not to tell anyone. **Ok, this is my whisper voice.** Debt. Debt is the fuel bringing all this action to life. Debt is the secret sauce.

It's kinda like the great and powerful Oz. From the outside, it seems like everyone around us is freaking loaded. Unlimited money to do whatever they want. Cars, houses, trips, clothes.....you name it! Also, like Oz, they are using leverage to make themselves seem richer and more successful than they actually are. Except their leverage isn't technology.....it's debt. Debt allows people to afford things they'd never be able to afford otherwise. Debt is the key to (temporarily) unlocking all of life's trappings.

I insert the word "temporarily" because it's just that, temporary. At some point, the music has to stop. We've reached a point in our culture where credit card, auto, mortgage, and student loan debt are nearing all-time highs. The ride up the mountain is pretty fun while ratcheting up the debt. It's exciting, fun, and seemingly sexy. However, there's only so much slack available before it's time to pay the piper. That time is upon us.

People have enjoyed the ride for a good decade, and now they are about to be exposed like Oz was. I've seen behind many curtains over the years. Some of the best-looking curtains contain the ugliest messes behind them.

The curtain you're most jealous of? You probably don't want what's actually behind it. All is not as it appears. Remember, the shinier the curtain, the harder it's trying to hide what's behind it.

Inflation, the Tale of Two Families

Inflation has oddly become a polarizing topic in recent months. To millions of Americans, the weight of it has been heavy, often destructive. The impact of inflation can be felt in nearly every aspect of their lives. It's ever-present, and it feels overwhelming.

Others, however, seemingly roll their eyes at the topic. They acknowledge it exists, but on the whole, believe most people are being overly dramatic about the entire thing. This group sometimes thinks people use inflation as a scapegoat to deflect their poor financial decisions.

I've discussed it on this blog before, but we humans tend to view reality through our personal lens. It's a sample size of one: me. Our own experiences, perspectives, and situations largely inform how we perceive these external forces. Recently, though, I stumbled upon a TikTok video that illustrates this concept so well.

@fmsmith319

Housing and daycare has middle class divided

♬ original sound - Freddie Smith

In short, this man theorizes that the American inflation experience is strongly formed around two variables: 1) When someone bought their house, and 2) The age of their children. Depending on the combination of these two variables, it drastically changes the shape of their financial life. While you/I may disagree with his specific numbers, I believe the concept is true, and his assessment is spot-on.

On the cheaper end of the spectrum are people who purchased their house before 2020 (lower prices and record-low interest rates) and don't have young children requiring childcare. These families have a combined house payment and childcare bill of approximately $1,500/month.

On the most expensive end of the spectrum are people who purchased their house within the last 12-18 months ($4,000/month) and have kids requiring childcare ($2,500/month). Therefore, these families have a combined house payment and childcare bill of approximately $6,500/month.

Comparing these two families, that's a $5,000/month difference....just from two categories. That equates to $60,000/year of spending differential, or closer to $80,000 of gross salary to make up the difference. Again, we can disagree with the specific numbers, but either way, the disparity between these two groups (revolving around just these two categories) is staggering. Also, these two families could live next door to one another. They could live similar and parallel lives, but have completely different financial experiences.

It's no wonder how two people who make similar money can disagree on the topic of inflation. I think this is a great perspective for us all to think about. Some of us live on the cheaper side of this spectrum, and others on the more expensive side.

First, I encourage you not to judge or demean others and their experiences. They are likely doing the best they can, and yes, it probably includes some unwise decisions along the way. Second, I also encourage you not to constantly compare yourself to others. It's so easy to play the woulda, coulda, shoulda game. Unfortunately, we can't hop into a Delorean and make different decisions. We must play the cards we are dealt. So let's play the best hand possible! You got this.

When Moments Are Frozen in Time

One of my favorite parts of the holiday season is ripping through our go-to Christmas movie lineup:

• Elf

• Home Alone

• Home Alone 2

• Christmas Story

• Christmas Vacation

• Rudolph

• Frosty

• Probably a few more I'm forgetting.....

These are movies I've seen dozens of times. When I'm watching them, I find myself obsessing about the tiny little details. Funny little accidents that probably weren't even planned. Some coincidence that happened while filming, and for whatever reason, it ended up in the final cut. 

The scene in Elf when Will Farrell is gallivanting around NYC, engaging with strangers on the street. All of that was ad-libbed with actual strangers in the street. Totally raw, totally unexpected. But now, it's a moment frozen in time. 

Another of my favorites is in Home Alone, when Kevin's mom is in Paris, talking to the Chicago Police Department on the phone. It's a ridiculous scene where the police transfer her back and forth between each other. When the man is talking to her, he's munching on a donut. Mid-conversation, a piece of the donut falls off and lands on his old-school phone receiver. Then, you can hear it plopping on the desk. I don't know why, but that silly little moment is seared into my memory bank.....and it's frozen in time. 

That's a parallel for much of our lives. These little moments in life, while seemingly insignificant, can become seared into someone's memory. It reminds me of a note I received in the mail a few years ago. It was from a young man who wanted to tell his story about becoming debt-free and experiencing a life transformation. In it, he cited a conversation he and I shared in a canoe on a lake in the Boundary Waters as a moment that would become a turning point in his journey. He explained that my advice, encouragement, and confidence in him made a huge difference, ultimately leading him to make some life-altering decisions.

Here's the thing. While I remember sharing an experience with him in the canoe that day, I don't remember that particular conversation. I completely believe it happened, and his retelling sounds like something I would say, but that specific conversation doesn't ring a bell for me. But for him, it meant the world. 

That's the power of moments that are frozen in time. We've all been on both sides of it. Similar to my young friend, I've shared stories with people about how XYZ conversation made a huge impact on my life. A moment that was seared into my memory. Yet, they didn't specifically recall it. 

Remember this. As we're weaving our way in and out of people's presence each day, we never know when a moment will be created that will be frozen in time. We may not even know it's happening, but it is! What a crazy opportunity that gives us! All we need to do is be present, be uplifting, and be genuine. The rest will take care of itself. 

Under the Fold

Yesterday was a wild day. I partnered with our local high school to host three workshops on pursuing meaningful work. The idea stemmed from a talk I recently gave at a local middle school. The concept is simple, but powerful. To find meaningful work in our lives, we need to combine our gifts with our passions in a way that's profitable. I illustrate this by using a Venn diagram. Here's what it looks like:

After the second workshop, a young lady approached me. She thanked me for coming, said she needed to catch her ride, and then handed me a folded sheet of paper. "I took notes while you were talking and have some feedback for you. I included my e-mail address in case you want to talk more about it."

I was instantly overcome by anxiety. I was so shocked by my sudden anxiety that it caused even more anxiety. Wow! This young lady, 25 years my junior, sweetly thanked me for coming and handed me a note, and I'm overcome with anxiety!?!? What the heck is that all about?

After reflecting on it, I think it's a testament to the insane culture we live in. A culture where people constantly crap on each other, hurl insults like they are going out of style, and all news is bad news. Therefore, my immediate gut reaction was that this young lady probably blasted me. I feel immensely guilty for feeling that way, but it's an interesting situation to ponder. It took me about 40 minutes to actually read the note. All the while, it was sitting in front of me while I wondered what it contained under the fold.

So what was in the note? She again thanked me for coming and gave me some constructive feedback about one of my perspectives. I want to share one point she made, which struck me as profound. "Meaning isn't something automatically found in a thing or person. It's added once we give it the attention and work that symbolizes value in our lives."

In other words, meaning isn't inherent. It's not something that either exists....or doesn't. We must create meaning. If we have the wrong attitude, nothing will have meaning. On the flip side, even the most seemingly unmeaningful task can have meaning if we have the right mindset. To sum up her feedback, meaning is created, not found.

I applaud this young lady for a) her courage to share constructive feedback with a complete stranger, b) the humility and tact with which she shared her thoughts, and c) her wisdom and perspective on this weighty topic.

I was nervous to see what was under the fold, but I'm so very grateful for it. It will undoubtedly influence what and how I communicate a few of these topics going forward, and I'll be better for it. Don't be afraid to look under the fold in your life. It's always nerve-wracking and often uncomfortable to receive feedback, but it's always worth it.

When the Seeds Grow

I often think about our responsibility to plant seeds in people. It's an idea I shared about HERE (thanks, Gary!) and HERE (thanks, Laura!), but it's always on my mind. One of the problems with planting seeds is that they don't care much about my desire for instant gratification. When I plant seeds, I want results now! Life doesn't work that way, unfortunately.

Yesterday, I was sitting in a coaching meeting with a new client. The client happened to be two former youth group kids, who have since graduated college, got married, and are now well into their careers. We had a wonderful time, and I'm grateful for the opportunity to walk alongside them in a new way.

In the middle of the conversation, they shared details about a few financial decisions they've made over the years. These decisions have set them up for so much success...I was blown away. Impressed and shocked at how counter-cultural this was, I asked him where he got those ideas. "I got them from you! I learned it in your high school money class."

Wow. Just wow. That was nearly a decade ago. He was just 16 or 17 years old, spending his Sunday afternoons attending a class I annually host for our high school youth group kids. He and I were pretty close then, so I vividly remember our time together. He was very inquisitive and always curious to learn new things. However, like with most teenagers, it was difficult to know how much would actually stick. Planting seeds.

Fast forward a decade, and those seeds have grown so much. It's delayed gratification at its finest. He hasn't been perfect. He's made lots of mistakes. He's made some poor choices along the way. But on the whole, it's beautiful to see how these ideas have taken shape in his life.

We don't always get to see our seeds after they've grown......but sometimes we do! And when we do, it should encourage us that our good work matters. There are days when we want to quit. There are days when we question why we're doing what we're doing. There are days when it seems futile. There are days when it all seems like too much to bear.

But then, in these special little moments, we're honored with the opportunity to see the beauty of those tiny little seeds blossoming into something we could never have imagined.

It's worth it. Please don't forget that. It's always worth it. Keep planting those seeds.

Expensive vs. Priceless

We had a debacle in our house last night. When I arrived home from work, I walked into a disaster. Pax had lost his most treasured possession. You know, that one toy that brings a kid comfort. Most of us had one. It's the toy he always has with him when he's home. THE toy. Well, it was gone. We practically tore the house apart trying to find it. Alas, we did eventually find it.....in the most ridiculous place. His carelessness almost bit him.

The entire situation got me thinking about something. We live in a culture that tells us to covet, protect, and respect the expensive things in our lives. Cars, phones, jewelry, new shoes....the list could go on and on. We must take care of them.....with our life! Why? Because they are expensive. Expensive things must be honored. After all, money is the most important thing, right?

Conversely, there are things in our life that are priceless. Photos, videos, mementos, sentimental items, sensitive documents, etc. These things aren't necessarily worth much money, which is the problem. Since they aren't expensive, we sometimes value them differently. We don't protect and respect these things the same way. We're a bit loose with our handling and care of them. But it's impossible to replace them, no matter the cost.

I don't know about you, but I'd much rather have something expensive stolen, lost, or broken than lose a cheap but priceless item. This almost happened to us last week. We had a scare with Finn's new glasses. For a brief moment, it appeared he had lost them. Replacing them woudl have cost $400-$500. It was frustrating for sure, but I would much rather lose those glasses than lose one of my priceless items.

I frequently hear stories from people about how xyz priceless item was destroyed. Things happen, and sometimes our priceless items are tragically lost. However, I propose that one of the reasons this happens is because we're spending more time protecting and respecting the expensive things in our lives than the priceless things. We simply overlook them, and then lousy luck takes them out.

Pax's situation was a humbling reminder that we need to keep our priorities straight and realize what's most important. I've fallen short in this area at times, and I bet you have, too. One of my next steps is to inventory the priceless things in my life. I suspect there are gaps in how I care for and protect some of these possessions. Once I recognize where some of my deficiencies might be, it's time to correct them. I hope you do the same.

Expensive things can be replaced, for a price. Priceless things can't, no matter the price.

Sunburns vs. Landfills

I ran into a friend at church on Sunday who I hadn't seen in a while. As we were standing next to each other in the coffee line, he noted, "My wife quoted you the other day." Intrigued, I had to hear more. He shared how they were contemplating going on a tropical getaway after the holidays. The trip would cost a nice chunk of change, so it was anything but a no-brainer decision. Ultimately, though, they pulled the trigger. Why? "Meaning over money!" Yes! I love this!

When we buy a car, we have a car. When we buy a phone, we have a phone. When we buy a shirt, we have a shirt. But trips are weird. When we buy a trip, we have nothing. There's literally nothing to show for it. The money is gone, and we are empty-handed upon our return. Some may perceive this as the world's biggest ripoff.

However, let's fast-forward a decade. That car is in a landfill. That phone is in a landfill. That shirt is in a landfill. All our junk is in a landfill. But the trip? We still have nothing, but we have everything. The memories are priceless. The memories will last a lifetime. Nothing can take away our memories. Over time, the stories and photos will be passed down to the next generation. Meanwhile, our junk will be fully decomposed and turned into dust.

In the battle of sunburns vs. landfills, I'll take the sunburns every single time. Yeah, there are probably a few things I'd love to have that will someday be in a landfill, but investing in memories will always take precedence.

Memories over stuff. Sunburns over landfills. Meaning over money. I hope you go on that trip!

The Propaganda of Easy Money

If you ask anyone on the internet (or don't ask), they will tell you about xyz way to make easy money. Everyone has a get-rich-quick scheme to share with us. For a while, it was crypto (until the entire market seized up). For others, it's a pyramid scheme. For many, it's about drop-shipping or re-selling. The real estate bros are my new favorite. On a post that recently went viral, a man is spouting off that everyone should just buy 10 rental properties......then, boom (!!!!), you're filthy rich! Geez, I never realized how easy the money is. Just buy a bunch of properties.......it's like clockwork. Printing money! So easy!

A handful of my young friends spend their time online bragging about all their day-trading wins. "Look at this $2,000 score!" "I made $10,000 last month!" "I just hit a new record high profit from a single trade!" When we see these posts, it's alluring. We think, "If this guy can do it, surely I can, too!!!" Here's the problem: it's not really happening.

Well, let me rephrase. It is, but it isn't. That $10,000 of day-trading wins? He's probably not going to tell people that that number doesn't include the $13,000 of losses he incurred in the same month. Or the tens of thousands of dollars of net losses incurred up to that point. These are true stories, and I see them frequently.

We're also not seeing what's happening behind the curtain of the "just buy real estate" crowd, where most of them are imploding. They buy these properties, assuming it will be easy money, only to find out it's anything but easy. I actually feel a ton of empathy for this crowd. They were sold a half-truth bill of goods, have tightly wound their entire financial world around it, and have no easy way out if/when it blows up in their face.

This is the problem with the propaganda of easy money. We don't want to miss out on amazing opportunities if others are "winning" with them. So we throw our rational brains aside and dive in head-first. It's absolutely crushing people. So many people (especially young men) are falling into this trap.

Sure, we can chalk it up to "boys being boys," but this isn't innocent fun. The consequences can be brutal....and long-lasting. I've had more than a few women reach out to me in the past 18 months, sharing news that their husbands/boyfriends either committed suicide or attempted it. Why? The stress and pain of these get-rich-quick schemes turn into nightmares. It's tragic.

As I'm coming to a close, it's painfully clear that nothing I've written here is the least bit inspiring, motivating, or encouraging. I contemplated scrapping this and starting over, but maybe this is what I'm supposed to publish. Here's my encouragement. It's not too late for people who have been sucked into this toxic culture. Be a positive force in their lives. Model a better, more integrity-filled way. Live by example. They need the truth. Meaning over Money.