7 Life Lessons I Wish I Knew Sooner

Ali Abdaal
27 Feb 202428:53

Summary

TLDRThe video shares seven life lessons the host wishes he had known earlier. These include appreciating the value of mental space, doing difficult things early in the morning, defining constraints then optimizing within them, using 'last man standing' as a strategy for success, avoiding over-optimization at the expense of fun, recognizing 'dream moments', and focusing on enjoying the journey rather than obsessing over destinations.

Takeaways

  • 😀 Don't underestimate the value of headspace - make time for it even when busy
  • 😊 Wake up early and do the hard/important things first
  • 😏 Choose life constraints first, then optimize work around them
  • 😎 'Last Man Standing' can be a successful strategy - persist the longest
  • 😕 Don't optimize the fun out of things you enjoy
  • 😍 Recognize and appreciate 'dream moments' when they happen
  • 🥳 Destinations and achievements rarely bring happiness - enjoy the journey
  • 🧐 Be wary of taking things too seriously - apply lightness instead
  • 🤓 Focus is valuable - prioritize only the most important things
  • 😇 Enjoy the process - don't get overfocused on outcomes

Q & A

  • What is the first life lesson Matt wishes he had known sooner?

    -The first life lesson is to not underestimate the value of headspace and free time. Matt found that even when his calendar seemed open, he was still overscheduled, leading to burnout. Having breathing room is valuable.

  • What routine has Matt found valuable recently?

    -Matt has started working out 4 times a week at 7 or 8am. This consistency has increased his energy, productivity, and motivation across all areas of life.

  • How does James Clear approach work-life balance?

    -James Clear focuses on the life he wants first, then optimizes his work schedule around that. This ensures he has time for family while still working on important projects.

  • What is the 'last man standing' success strategy?

    -The idea is that the key to long-term success is simply persisting. As long as you show up consistently, good things will happen over a long enough timeframe.

  • How can creators avoid burning out?

    -Creators should be wary of optimizing the fun out of their work. It's important to balance optimization with enjoyment to ensure sustainability.

  • What has Matt learned from hitting bestseller status?

    -Reaching a goal like bestseller status brought Matt relief, but only momentary happiness. Goals themselves don't provide lasting fulfillment - it's the journey that matters.

  • How can you appreciate positive moments more?

    -When you find yourself living a moment you used to only dream about, take time to appreciate how far you've come and give your past self a virtual high five.

  • What quote resonated most with Matt?

    -The quote 'there is no achievement you could possibly achieve that will make you any happier than you are right now' stood out. Happiness comes from within, not external validation.

  • Why does Matt now want to 'de-optimize' his podcast?

    -Optimizing systems can be helpful initially, but taken too far can ruin enjoyment. Matt wants to get back to the core reasons he loves podcasting.

  • What's the key takeaway about achieving goals?

    -Goals can provide direction, but happiness comes from loving the process, not hitting the outcome. Stay focused on enjoying the journey.

Outlines

00:00

🙌 Lesson 1 - The value of headspace

<paragraph1> emphasizes the importance of headspace and not overloading yourself with too many projects and commitments. It talks about Thomas feeling burnt out while marketing his book due to taking up too much mental energy. He realizes there is value in focusing on one thing at a time rather than trying to juggle multiple big goals.

05:01

😃 Lesson 2 - Wake up early to do difficult tasks

<paragraph2> recommends waking up an hour earlier each day to work on tasks you struggle with or avoid, using the example of fitness. Thomas found that consistently working out in the mornings greatly improved his energy, productivity, work output and health.

10:01

📐 Lesson 3 - Define constraints before optimizing work

<paragraph3> advises first deciding the lifestyle and work-life balance you want, then optimizing your work process within those constraints. It refers to James Clear's approach of boxing off the family life he wants then streamlining his work around that.

15:03

👍 Lesson 4 - Last man standing often wins

<paragraph4> puts forward the idea that persisting longer than others is a hugely valuable business and YouTube strategy. As long as you weather ups and downs without quitting, you set yourself up for long-term success.

20:03

😁 Lesson 5 - Don't optimize the fun out

<paragraph5> warns against over-optimization that sucks out the enjoyment of an activity. Thomas optimized his podcast growth too far by morphing conversations and chopping episodes, making it not fun anymore.

25:04

🥳 Lesson 6 - Recognize dream moments

<paragraph6> encourages appreciating and consciously acknowledging when you are living dream moments your past self could only wish for. Thomas did not feel his Good Morning America TV interview due to anxiety.

Mindmap

Keywords

💡Headspace

Headspace refers to mental space or capacity to think clearly. The video emphasizes the importance of preserving headspace rather than cramming one's schedule and mind with too many commitments. This can improve creativity, productivity, prevent burnout, and lead to greater life balance and happiness. Examples from the script include the narrator struggling with burnout and lack of excitement while promoting his book, until the book's publication freed up mental headspace.

💡Constraints

Constraints refers to self-defined limits and boundaries around one's work and personal life. The video argues that consciously choosing constraints, rather than allowing work to dominate life, can enhance happiness, prevent burnout, and improve focus on high-impact tasks. Examples include only working set hours per week, or structuring work around family commitments.

💡Last Man Standing

This refers to persisting the longest at an endeavor as a strategy for eventual success. Quitting prematurely is the biggest threat to long-term victory. Most value is created in the later stages of a project. Examples from the script argue that the narrator should have known this would apply to his long-term success on YouTube.

💡Fun

The video cautions against optimizing efficiency to the point where an activity stops being intrinsically enjoyable. Maximizing fun ensures intrinsic motivation to persist at something. The narrator optimized the fun out of his podcast through excessive growth hacking. Having fun is linked to lasting the longest at an endeavor.

💡Dream Moments

Dream moments refer to instances where one gets to live or experience something they previously only dreamed of. The video argues that we often fail to appreciate these moments and slip into anxiety or planning future steps. Consciously recognizing dream moments helps us enjoy life's journey. Examples include being interviewed on TV to promote his book.

💡Journey vs. Destination

This key duality contrasts the process of working towards a goal versus achieving the goal itself. The video argues that nearly all happiness and meaning is derived from the journey, not the destination. Hitting a goal brings only momentary happiness. This is why enjoying the process matters more. Examples include feeling indifferent after his book became a bestseller.

💡Play

Play refers to approaching tasks with a spirit of ease, fun and intrinsic enjoyment rather than straining intensity. The video praises play as an underrated productivity technique that boosts creativity while preventing burnout. The headspace meditation app includes guidance on accessing this mindset.

💡Balance

Balance refers to maintaining equilibrium between different domains of life ??? work, family, health, recreation, creativity etc. Lack of balance was linked to the narrator's burnout, whereas conscious boundaries create space for rich non-work experiences.

💡Stoicism

Stoicism is a philosophy stressing virtue, wisdom, inner tranquility and non-attachment to external outcomes you can't control. It's referenced positively as an ideal mindset if the narrator's book hadn't reached bestseller status.

💡Sustainability

Sustainability means persisting consistently at a pace aligned with one's energy and resources. Living sustainably prevents burnout. The narrator advises creators to build sustainable businesses aligned with their ideal lifestyle through conscious constraints.

Highlights

Don't underestimate the value of headspace

Wake up an hour earlier and do the thing you struggle with

Choose the constraints of your life and optimize within them

Last Man Standing is an ignored success strategy

Be wary of optimizing the fun out of what you're doing

Recognize dream moments when they happen

Destinations don't bring happiness, only the journey does

Headspace takes mental capacity even if not much time

Working out early builds better habits and energy

Define life constraints then optimize work within them

Staying power beats optimization for business success

Over-optimization sucks joy out of things

Appreciate when you're living previous dreams

Goals bring relief, not happiness; enjoy the process

No achievement will make you happier than now

Transcripts

play00:00

hey friends welcome back to the channel

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so over the last 6 months I have learned

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a handful of life lessons that I really

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wish I'd known earlier and in this video

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I want to share them with you so here

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are seven life lessons I wish i' known

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earlier lesson number one that I wish

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I'd known sooner is don't underestimate

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the value of headspace I already learned

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this over the last 6 months or so uh as

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you guys might know I have been writing

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a book which is now published it's

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called Feelgood productivity and the

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last 6 months have been a battle towards

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marketing and publicity and trying to

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drive pre-orders and trying to get on

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all these podcast car so that we can get

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sales and stuff and you know it's very

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exciting but we did in fact hit the New

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York Times and the Sunday Times

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bestseller lists and so my own goal for

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the book was sort of achieved alongside

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my actual goal which was to write a book

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I'm proud of I definitely did write a

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book that I'm proud of but one thing I

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really found was I'd look at my calendar

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and I would seem to have time to do

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stuff and in that time I was like cool

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you know I'm I'm a productivity Beast I

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you know like to batch things I like to

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schedule things I'd be scheduling all

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these things in like trying to film all

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these videos and do all these podcasts

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and do all this traveling cuz at the

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time I was and still am to an extent

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like doing some dig noad traveling

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around the world stuff but I was really

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finding that like wow uh I'm I'm feeling

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kind of burned out by this whole thing

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and by burned out I mean that I was

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feeling a sense of apathy a a sense that

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it was all meaningless what was the

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point of this stuff anyway and whenever

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I have that sort of feeling I know that

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that is a sign of burnout because

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apparently especially in men burnout

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tends to manifest like that whereas in

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women on average uh burnout tends to

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manifest as this sort of feeling of uh

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emotional overwhelm or this feeling of

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being drained of energy whereas in men

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on average apparently tends to manifest

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more it's like this feeling that the

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thing that I'm doing is not particularly

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meaningful or something anyway so I

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started having that feeling and around

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that time I did a life update video on

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the channel where I was talking about

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kind of taking a step back from the

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business and only making videos when I

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felt like it and not bothering with

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sponsorships and things like that and

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then December 28th came around and the

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book was published and then on the 4th

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of January we found out that it hit the

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New York Times bestseller list and it

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was like this enormous weight had just

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been lifted off my head and suddenly I

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had all this headspace that was free and

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it was weird because you know I knew

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that I'd been using up a lot of heads

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space in writing the book but I hadn't

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realized how much headspace it was

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taking thinking about and working on

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marketing the book cuz it didn't seem to

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be taking that much time it was just

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taking a lot of headp space and since

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then since like this massive like weight

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has has been relieved from my from my

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brain I really started feeling more of a

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sense of excitement more of a sense of

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Joy more of a sense of kind of drive and

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ambition to like grow the business and

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make more videos and do cool stuff

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because now it's not like there's this

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like big ass thing that's sort of

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Weighing on me and it's just the value

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of headspace and I realized that I had

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something similar a few years ago I was

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running a business and then I sold the

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business and the business like running

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the business wasn't taking up that much

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time but it was taking up a lot of head

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space and then as like basically the day

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I sold the business um suddenly all that

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heads space freed up and I was able to

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suddenly devote more time and attention

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to Growing the YouTube channel and

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growing the business around it and at

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various other points in my life I've

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I've learned this lesson that there's

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value in a headp space and I I I just

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keep on forgetting that this is an

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important lesson I keep on just taking

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on more projects and more things and I

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keep on thinking like well you know like

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right now I only really have one primary

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goal for the business which is to do

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this thing that we're calling

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productivity lab there's a waiting list

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down below if you want to check it out

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it's like a productivity Community type

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thing but I don't really have any other

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major goals for the business and the

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Temptation is there to keep adding those

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goals in to really ram my calendar full

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of stuff to ram my brain full of stuff

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to feel as if I'm making progress but

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something that I've really learned over

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time is the value of focusing on just

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one thing at a time and it's Al it's

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totally okay to have head space it's

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totally okay to leave breathing room in

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your life for a focusing on that one

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thing B having a balanced life c not

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burning out for being able to take

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breaks and stuff and with this whole

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like productivity Guru kind of energy

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that I've got going on a lot of the time

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I'm always like yeah but I really want

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to do this and this and this and this

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and all these things are exciting and I

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want to do them but a lesson I need to

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keep reminding myself of is that no

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headp space is valuable it's okay to not

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fill your calendar with just all the

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things I won't be like a failure or a

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commercial failure or like an economic

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failure or something by just not filling

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my calendar with all the instead

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there is value in heads space and

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there's value in focus and there's value

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in just focusing on one thing at a time

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rather than trying to do eight things in

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parallel this is really a lesson that I

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wish hadd learn a lot earlier and there

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is a quote that sort of encapsulates

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this to an extent which is that you can

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have anything you want but not

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everything you want and I think think in

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life and in work you know if you watch

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this channel you are probably ambitious

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and somewhat entrepreneurial and

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probably very good-looking uh for people

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like us we have this desire to take on

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too much because it's like fun and

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seems cool and we want to get ahead and

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stuff there is incredible value in Focus

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incredible value in prioritizing the

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headspace and not just filling our

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calendar and our minds with the projects

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that we want to work on all right now

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speaking of headspace and this is a

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total coincidence this video actually

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happens to be sponsored by headspace

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headspace is an absolutely amazing

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meditation app that can help you build a

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daily meditation practice which is a

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fantastic thing of getting some more

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headp space in your life and I've

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personally been working my way through

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the introductory course to try and build

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meditation into a habit in my life as

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well they've got different voices that

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you can use to guide you through the

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meditations and my personal favorite

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time of doing meditations is actually

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just before bed has a great way of

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winding down kind of unloading the

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stress of the day so that I can have a

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more calm sleep very excitingly as well

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as part of the launch for my book feel

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good productivity I have collaborated

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with headspace and there is now a

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Feelgood productivity collection on the

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app itself which can help you on the

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path to building healthy habits to boost

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your productivity and efficiency but in

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a way that's actually enjoyable and

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meaningful and sustainable some of my

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favorite bits in this collection are all

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about the value of play play is the

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first chapter of my book it talks about

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how play is the most underrated

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productivity technique out there and as

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part of the headspace collection there

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are a few like lectures and videos kind

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of explaining this concept around how

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actually approaching your work with

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lightness and ease more in the spirit of

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play rather than in the spirit of work

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can actually help you maximize your

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creativity and your productivity but in

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a way that reduces stress and reduces

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the chances of burnout if you want to

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see how headspace might be helpful for

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you and check out the Feelgood

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productivity collection you can try it

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out completely for free for 60 days all

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you have to do is sign up with my link

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in the video description or scan the QR

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code that is on screen right now and

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that will give you a totally free 60-day

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trial so thank you so much to headspace

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for sponsoring the video and let's get

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back to it all right now we come to

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lesson number two which is what I really

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wish I'd known earlier is it is a very

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good thing to wake up an hour earlier

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and do the thing that you find hard or

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do the thing that you struggle with now

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I have long struggled to make working

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out regularly a habit you know I've been

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working with a Fitness coach called Dan

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go he's amazing YouTube channel link

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down below if you want to check it out

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and Dan has constantly been saying to me

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you know it seems like you're not

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getting these workouts in have you

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considered doing them in the mornings

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and I was always like no Dan like the

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mornings are my Creative Energy and like

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you know I I really like having a

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leisurely start to the morning and being

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able to faf around and being able to

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have three cups of coffee and then go to

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the toilet twice and then do some

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reading and then like get to work I was

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like okay man but one thing I'm telling

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you like you know anytime I coach

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someone who struggles to work out I

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recommend doing it in the morning and it

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works so when in in January when I ran

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my annual planning session for 12,000

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people who attended um one of the goals

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I set for myself for the year in health

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was to get into the best shape of my

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life and I realized that in order to do

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that I needed to work out more

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consistently and so I thought you know

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what I'm going to take Dan's advice and

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I'm going to do it in the mornings I was

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also very inspired by my friend s Bloom

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who has a YouTube channel that he's just

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started where he does a cold plunge

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literally at 4:00 every single morning

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it's just freaking absurd but just

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seeing him also seeing like videos of

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him like dunking in this like cold tub

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and then going for a run for like you

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know a slow run for like 12 mil and then

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doing a high-intensity training session

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all before 7:00 a.m. I was like wo okay

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hm this is what it looks like and so I

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decided to start working out in the

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mornings and four times a week for the

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last 5 weeks I have worked out in the

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mornings either at 8:00 a.m. or at 7:00

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a.m. with a personal trainer at my local

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gym and it has been absolutely

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gamechanging I have never been so

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consistent with working out I have never

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felt more energized I've never felt more

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productive I've never been more

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productive in terms of my business I've

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filmed more YouTube videos in the last

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like 3 weeks than I have in the last

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like 4 months and there is profound

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value in kind of as Brian Tracy says

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eating that frog first thing in the

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morning this seems obvious this is the

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advice that everyone says just you know

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do the hot thing in the morning like

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wake up a little bit earlier go to sleep

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a little bit earlier and like do the

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thing you struggle with but it's advice

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that I really have not taken up until

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now and now I'm like oh damn I really

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wish I'd known this advice earlier I've

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always struggled working out I could

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have just done it in the morning and it

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sort of depends on what the thing is

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that you're struggling with I think you

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know back in the day if I had a real job

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and was really struggling to make videos

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consistently or work on my business

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consistently I should have woken up I

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would have woken up an hour earlier to

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do that stuff do the hard thing in the

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morning the thing that you wouldn't

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otherwise do it's just been absolutely

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transformative for my energy levels and

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for my health and I'm getting more Hench

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and it's like like all the good things

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are happening and also the nice thing

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about wake having to wake up at 7:30 to

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then go to the gym or like 6:30 on some

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days to go to the gym is that it then

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kind of forces me to sleep earlier as

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well cuz I know that oh you know I want

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to get at least 8 hours of sleep cuz I

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want to I don't want to find I I don't

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want to have a grim workout the next day

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and so what this means is that when it

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gets to like 9:00 p.m. I'm like all

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right cool I should really think about

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winding down if I'm out at dinner with

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friends I'll look at my watch be like

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okay cool I should ready leave here by

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like 9:45 to take the train home to get

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there on time and if I'm at home then it

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means that I'll just be less likely to

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faf around on my phone and on the

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computer watching random Youtube videos

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cuz I know that I want to get to sleep

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and I know I want 8 hours of sleep and

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so like again people have figured this

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out that if you sleep early and wake up

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early you can just be very productive in

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the mornings but for some reason to date

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I have not taken that advice and it's

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just been absolutely game changing over

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the last like four or five weeks all

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right lesson number three that I wish

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I'd known earlier is to choose the

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constraints of your life and then

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optimize your work within those

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constraints so what do I mean by this

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basically this is from a conversation I

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had with James CLA the author of atomic

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habits who very kindly hopped on a Zoom

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call with me a few months ago to give me

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advice on like book marketing and stuff

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super nice of him great guy and I asked

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him hey James man you know why aren't

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you launching the atomic habits Academy

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or like this online course you could be

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making more money with this and this and

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you know this like why why aren't you

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doing it and what James clar said was

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what I've realized is that the thing

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that works for me is to draw a box

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around the life that I want and then

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optimize my work within that box so he's

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got kids so for him the box is I want to

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drop the kids off to school in the

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morning at like 10:00 I want to pick

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them up from school at like I don't know

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2:30 and I want to be there for the kids

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and be like a really present dad which

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is amazing and so he's like within those

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4 hours I'm like cool let's let's work

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on the thing that's most important which

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is right now his next book very exciting

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and outside of that he does like one or

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two speaking gigs every month and that

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just makes a load of money as well and

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he could do more but if he did more it

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would take him away from his family so

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that's not the point like you know James

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Clear obviously ridiculously successful

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author multi- decamillionaire from all

play09:49

the copies of atomic habits that he sold

play09:50

he also knows other authors who are very

play09:52

rich and very famous and I ask like what

play09:53

is the thing that the happy ones have in

play09:55

common right because we often hear about

play09:57

people or meet people who are very

play09:58

successful but who are not happy and so

play09:59

it's like the goal really is to be

play10:01

financially successful and also really

play10:02

happy and he said that the ones who are

play10:04

happiest are the ones who draw the

play10:05

constraints around the life they have on

play10:06

around the life they want and optimize

play10:08

their work within that and I think

play10:09

that's great because so far what I've

play10:11

done a lot in my life is for my life to

play10:13

be subordinate to my work and to not

play10:15

really care about like work life balance

play10:17

and to not really care about I don't

play10:18

know spending time with friends and

play10:20

things I think I'm pretty good at

play10:21

spending time with my friends but like

play10:22

even just having head space to the

play10:23

previous Point even just having the

play10:24

space to have a chill evening by myself

play10:27

so that I can sort my life out and do

play10:28

the LA and do the admin like I ram my

play10:31

schedule full of so much stuff mostly

play10:33

either social related or more likely

play10:34

work related that I don't have time for

play10:35

those things and they can lead to life

play10:37

feeling quite frantic and stressful at

play10:39

times and I think that was a method of

play10:40

operation that was good at an earlier

play10:42

stage of my life when I was hustling to

play10:44

try and get the business off the ground

play10:45

while working a full-time job and all

play10:46

that kind of stuff I think it's totally

play10:48

okay to have like strategic imbalance in

play10:49

certain seasons of life but now I'm in a

play10:51

season of life where I really recognize

play10:52

that there is no further happiness to be

play10:54

gained from more work rated achievements

play10:56

and in fact the happiness and meaning in

play10:58

life will come from the more life

play11:01

Associated I guess achievements but like

play11:03

processes spending time with friends

play11:05

family getting married having kids all

play11:06

that kind of stuff the stuff that David

play11:07

Brooks would call the second Mountain

play11:09

rather than the first mountain of

play11:10

material success so I wouldn't quite say

play11:11

it's a lesson I wish I'd known earlier

play11:13

cuz I sort of had this idea that like

play11:15

you know it's okay to not be so work

play11:17

life balancy when I'm like 24 and

play11:19

hustling to get my YouTube channel off

play11:20

the ground but it is something that I

play11:22

want to take a lot more seriously moving

play11:23

forward defining the constraints I would

play11:25

like to operate within and then

play11:26

optimizing my work around that and I

play11:28

found myself giving this advice to a lot

play11:29

of entrepreneurs now who want to build

play11:31

lifestyle businesses lifestyle business

play11:33

being a business that supports your life

play11:34

rather than the other way around and I

play11:36

find myself asking you know what's the

play11:37

goal and what are the constraints

play11:38

because the problem with

play11:39

entrepreneurship is that you can find

play11:40

yourself just working all the time and

play11:42

feeling really guilty if you're not

play11:43

working all the time and then burning

play11:44

yourself out because you're not working

play11:45

all the time and you go to bed thinking

play11:47

I should have done more and you you're

play11:49

on the weekends hustling away because

play11:50

you think I should have done more and if

play11:51

you love that and if you're building a

play11:52

life you love and you you genuinely

play11:54

filled with energy every minute of the

play11:55

day great you do you but I speak to a

play11:57

lot of entrepreneurs especially creators

play11:58

who are are doing that and who are

play11:59

really burnt out and who are on the

play12:01

verge of quitting their businesses or

play12:02

quitting their YouTube channels because

play12:03

they're so burned out by this approach

play12:05

and the advice I found myself giving is

play12:06

around really defining these constraints

play12:08

like how many hours per week would you

play12:09

actually like to work what would you

play12:10

like your hours of work to be how many

play12:12

holidays would you like to take because

play12:13

if you're struggling with burnout then

play12:15

generally burnout is a mismatch between

play12:17

the demands of a job or the thing you're

play12:19

doing and the resources you have

play12:20

available for the thing whether it's

play12:22

time or energy or like people whatever

play12:23

and a huge thing around this whole

play12:26

Creator burnout stuff is just the fact

play12:27

that it's it's it's unconstrained you

play12:29

could be thinking about your YouTube

play12:30

channel and your business like every

play12:31

single waking hour of the day and even

play12:32

when you're asleep and that's just a

play12:34

complete recipe for Burnout whereas

play12:35

being able to define the constraints to

play12:36

know that no I actually only want to

play12:38

work 30 hours a week or 40 hours a week

play12:40

or 20 hours a week like defining that

play12:41

constraint actually forces you to

play12:42

prioritize it forces you to only do

play12:44

things that are actually going to move

play12:45

the needle whereas what a lot of

play12:46

creators do and certainly what I did

play12:47

when I first became a full-time YouTuber

play12:49

is you spend a lot of time doing

play12:50

that does not need to be done because

play12:52

you have not defined the constraints

play12:53

it's Parkinson's law and action work

play12:55

expands to fill the time we allocate to

play12:56

it and if we allocate like 100% of our

play12:58

time to work work because we haven't

play12:59

thought about the constraints we'll end

play13:00

up faffing around and doing Pointless

play13:02

Stuff in that time whereas you know a

play13:04

thought experiment that I really like is

play13:05

if you were only allowed to spend 2

play13:06

hours a week doing your business or

play13:08

doing your job what would you do in

play13:10

those two hours and that gives you a

play13:11

pretty good sense of what are the most

play13:12

inle moving things and the question is

play13:14

well why aren't you spending 10 hours

play13:15

just doing those things that you would

play13:16

do in those two hours for example

play13:17

generally those sorts of questions at

play13:19

least for me and the people that I kind

play13:20

of Coach casually about this stuff tend

play13:22

to lead to breakthroughs in their

play13:23

business and their life by the way um

play13:25

one thing that I love to do is to

play13:26

collect journaling prompts journaling

play13:27

has been the single well one of the

play13:29

single most gamechanging things in my

play13:30

life in terms of just leveling up my

play13:32

entire business and my my personal life

play13:34

as well and there is a link down below

play13:35

to my completely free journaling Hub

play13:37

where anytime I collect an interesting

play13:38

journaling prompt it just goes into that

play13:40

it's an ocean page uh that you can just

play13:41

check out that has a bunch of like

play13:42

prompts and things and templates and

play13:44

stuff it's completely free link down

play13:45

below if you enjoy journaling as much as

play13:46

I do all right lesson number four that I

play13:47

wish I'd known sooner cuz it would have

play13:49

saved me a lot of heartache and headache

play13:51

is that the success strategy that

play13:52

everyone ignores is Last Man Standing

play13:55

Last Man Standing is a totally viable

play13:56

strategy now I actually picked this up

play13:58

very recently um last week I had lunch

play14:00

with a chap called Anor waraku who is an

play14:03

Indian YouTuber entrepreneur Creator

play14:05

author he's super cool he's like in his

play14:07

40s he's run a bunch of companies before

play14:09

sold a bunch of businesses used to be a

play14:11

CEO of like a company managing hundreds

play14:12

of employees so he's like a professional

play14:14

business person like a CEO who has then

play14:16

become a Creator and we had like a three

play14:19

and a half hour long long lunch where I

play14:20

took so many notes in my little pocket

play14:21

notebook where I was just asking him

play14:22

loads of questions around how he

play14:24

approaches his like YouTube channel and

play14:25

his media business as a business rather

play14:27

than as a creator of swords and one of

play14:30

the things that he said really stuck

play14:31

with me which is that you know in his

play14:32

like 20 plus years of running businesses

play14:34

what he's seen is that the last man

play14:36

standing is often the winner you know in

play14:38

a business the only reason a business

play14:40

fails is if the founders quit the only

play14:42

reason a YouTube channel fails is if the

play14:44

Creator quits Peter teal often like has

play14:46

this phrase which is something like by

play14:47

far the majority of the value of a

play14:49

business is generated 10 plus years

play14:52

after the business was first founded 10

play14:53

plus years and so you know startups and

play14:56

businesses and stuff are often

play14:57

optimizing for growth when actually they

play14:59

probably should be optimizing for

play15:00

durability and sustainability because if

play15:02

you can be the last man standing you are

play15:04

way more likely to win by whatever

play15:05

metrics you deem meaningful in terms of

play15:08

Victory and I wish I'd known this sooner

play15:09

I always had a sense of this when I

play15:11

started my YouTube channel 7 years ago I

play15:13

knew that I needed to do it for at least

play15:14

2 years and I knew that interesting

play15:16

things would happen but I didn't know

play15:17

what those things would be I knew look I

play15:18

just need to make one or two videos a

play15:19

week and I'm sure something good will

play15:20

happen but throughout that journey and

play15:21

even like in the last seven years I've

play15:23

often had periods of like uncertainty

play15:25

periods of Doubt periods of anxiety like

play15:27

oh our videos are doing badly this month

play15:29

what if the channel dies and all this

play15:30

sort of stuff and what I really wish is

play15:32

just having someone with experience

play15:34

who's older than me just telling me bro

play15:36

the only thing that will make you fail

play15:38

is if you quit just keep on going like

play15:40

you burning out and quitting is by far

play15:42

the biggest risk to the business don't

play15:44

worry about it the channel will have ups

play15:45

and downs the growth and the money will

play15:46

have ups and downs as long as you can

play15:48

weather the ups and downs and just keep

play15:50

going you will end up in a really really

play15:52

really freaking cool place and it's a

play15:55

lesson that again I wish I could tell to

play15:57

a lot of other creators cuz a lot of

play15:58

creat need to hear it a lot of

play15:59

entrepreneurs need to hear it it's so

play16:00

easy to get fixated on the ups and downs

play16:03

of the algorithm and like what's

play16:04

happening right now and what's happening

play16:05

this week I find myself thinking that

play16:07

when I look at our kind of internal

play16:08

company scorecard with like the numbers

play16:10

and the metrics and stuff and I'm like

play16:11

oh no like our LinkedIn reach has gone

play16:13

down this week what are we going to

play16:15

do and then I give myself a bit of

play16:17

perspective I'm like who cares it's just

play16:19

a week we're planning to do this for the

play16:20

next 30 Years who gives a about the

play16:22

performance of like a piece of content

play16:24

in a given week the goal is to keep on

play16:25

playing the game and by just keeping on

play16:27

going that is the thing that's going to

play16:28

make you successful however you deem

play16:30

success and it relates to this idea

play16:31

around finite and infinite games which

play16:33

I've talked about before on the channel

play16:34

and that you you may be familiar with

play16:35

certain games are finite games certain

play16:37

games are infinite games a finite game

play16:39

is a game that's played to be one with a

play16:41

clear score and a clear Like rules

play16:43

Victory but an infinite game is a game

play16:44

where the objective is to continue

play16:46

playing the game and so for me for my

play16:47

YouTube channel and for this business

play16:48

and for writing books and everything the

play16:50

goal is durability the goal is to just

play16:51

be the last man standing and not in a

play16:53

sense of like gladiatorial competition

play16:55

because I also don't think of

play16:56

competitors as like competition or

play16:57

anything like that you know one thing

play16:58

that an said over the lunch he was like

play16:59

you know during the pandemic especially

play17:01

people on podcast and stuff were asking

play17:02

him hey man like how do you feel about

play17:03

all these people starting YouTube

play17:04

channels and starting businesses and

play17:06

starting Instagram accounts and trying

play17:07

to compete with you he was like don't

play17:08

really care 99% of them are going to

play17:09

quit before they see any real traction

play17:11

and and for the ones that don't like I

play17:12

actually don't care what the competitors

play17:14

are doing my job is to run my own race

play17:16

and to just keep showing up and I'm

play17:17

planning to do that forever and I think

play17:18

that's such a nice strategy Last Man

play17:19

Standing my job is to simply just show

play17:20

up and do this forever and as long as

play17:22

I'm doing it forever good things will

play17:23

keep continuing to happen and I don't

play17:24

need to stress so much about what's

play17:26

happening day by day what's happening

play17:27

week by week what's happening month by

play17:28

month or even what's happening on an

play17:29

annual basis relates to something that

play17:31

Morgan hle talks about in the psychology

play17:32

of money great book we've got a video

play17:33

about it linked up there or over here

play17:35

which is that the way you become rich in

play17:37

the world of like investing is by just

play17:38

being in the game for longer than

play17:39

everyone else like Warren Buffett has

play17:41

been investing since the age of 13 he's

play17:42

now like 95 he's been doing it for 80

play17:44

years and 99% of his money has come in

play17:47

the last like 10 years or something

play17:48

absurd like that there is incredible

play17:50

value in just being in the game for a

play17:51

very long time and so this is why they

play17:53

say that the first rule of investing is

play17:55

don't lose money and the second rule of

play17:56

investing is C rule number one because

play17:58

is losing money and your bank balance

play18:00

going to zero and your Investments going

play18:01

to zero is going to take you out of the

play18:03

game you can no longer play the game

play18:04

which is why things like crypto and

play18:05

stuff putting all your money in crypto

play18:06

is probably a bad idea cuz it's kind of

play18:07

high risk but as long as you can stay in

play18:08

the game for a sufficiently long period

play18:10

of time that is when you experience all

play18:11

the comprehend and growth that's when

play18:13

everything becomes successful so last

play18:14

man standing is the success strategy

play18:16

that everyone ignores all right life

play18:17

lesson number five that I wish had known

play18:18

sooner is be wary of optimizing the fun

play18:21

out of the game that you're playing you

play18:23

know I got this from one of these like

play18:24

video game review YouTube channels I

play18:26

can't remember which one and they do

play18:27

like long video essay about games like

play18:29

Elden ring and Skyrim and like World of

play18:31

Warcraft and just like video essays

play18:33

exploring the world of video games I

play18:34

don't play very many video games but I

play18:35

do enjoy the world so I watch a lot of

play18:36

videos about video games weirdly and

play18:38

this Creator said a quote from a game

play18:40

designer and the quote was something to

play18:42

the effect of left unchecked players

play18:44

will optimize the fun out of the game

play18:46

they're playing Left unchecked players

play18:47

will optimize the fun out of the game

play18:49

they're playing I loved that quote and

play18:50

it really resonated with me firstly on a

play18:52

video game perspective because I used to

play18:53

play World of Warcraft back in the day

play18:54

and I did optimize the fun out of it I

play18:56

was doing a lot of grinding a lot of

play18:57

like min-maxing to get my character My

play18:59

Level 80 warlock up to a like sufficient

play19:01

standard to be able to take down the

play19:02

freaking Lich King and stuff and it was

play19:04

fun but I'm not sure how how fun it

play19:06

really was it's like doing the grinding

play19:07

and doing sort of the same Quest again

play19:09

and again and again just to get a very

play19:11

slightly different gear upgrade so that

play19:13

you've got slightly more damage per

play19:14

second like in a way that's at risk of

play19:16

optimizing the fun out of the game and

play19:17

so a lot of video game designers have to

play19:19

be really mindful to not allow Gamers to

play19:21

optimize the fun out of the game they're

play19:22

playing because they just will and I

play19:23

think this applies to all of us

play19:24

ambitious type people you know even

play19:26

though I love I I love productivity and

play19:27

optimization and stuff there's always a

play19:29

risk that you can optimize too far and

play19:31

you optimize to the point that the thing

play19:32

no longer is fun and I really noticed

play19:34

this with my podcast so I've been

play19:35

running a podcast for the last two and a

play19:37

half years it's called Deep dive there's

play19:38

a link down below if you want to check

play19:39

it out and the Channel's been doing

play19:40

really well the podcast's been doing

play19:41

really well like every month we keep on

play19:42

hitting new viewer records and

play19:43

everything and I realized over the last

play19:45

few months that I'd actually optimized

play19:46

the fun out of it uh because initially

play19:47

the podcast started off as a hobby where

play19:49

I was like oh I just want to interview

play19:50

cool people and have conversations with

play19:52

them and slowly we started optimizing

play19:53

more and more and more and slowly we

play19:55

started to kind of research guest that

play19:57

in detail ahead of time like book guests

play19:58

based on who's got a new book book

play20:00

guests based on who would get lots of

play20:01

views I would be morphing the

play20:03

conversation to the one that I thought

play20:04

the audience wanted to hear rather than

play20:05

the conversation I wanted to have we'd

play20:07

be like chopping things around just for

play20:08

retention and all of these things are

play20:10

very sensible things to do if you want

play20:11

to grow a podcast but in my case they

play20:13

optimized the fun out of it and then I

play20:14

just didn't want to do the podcast

play20:15

anymore so you know I made a whole video

play20:16

about this on the podcast Channel what

play20:18

I've decided to do with the podcast is

play20:19

to sort of dial down the optimization

play20:21

dial and deliberately de optimize the

play20:23

podcast I still have a podcast I still

play20:24

want to do interviews but I don't want

play20:25

to do them on my own terms I don't

play20:26

really care about making money from them

play20:27

I don't really care about having

play20:28

sponsors that like require deadlines I

play20:30

don't really care about having an upload

play20:32

schedule in that era of my life in

play20:33

business the podcast decided to actively

play20:35

de optimize and so it's a lesson that I

play20:37

I do wish I'd known earlier I wish I'd

play20:38

kept more of a check on like for

play20:40

everything that I'm doing just making

play20:41

sure that I'm not at risk of optimizing

play20:43

the fun out of it you know if I wanted

play20:45

to grow this YouTube channel I would

play20:46

probably script every video word for

play20:47

word right because IR retention because

play20:49

like valuing the audience's time and

play20:51

stuff and I probably spend 18 hours

play20:52

writing a script like some of my

play20:53

YouTuber friends do or 50 hours or 70

play20:55

hours and that would be more optimal but

play20:56

I've tried it and it's not fun it might

play20:58

be fun for some YouTubers but it's not

play21:00

fun for me to write a word for word

play21:01

script and then read it off a

play21:02

teleprompter I much prefer to have a few

play21:03

bullet points and then speak from the

play21:05

heart because it's more fun it's less

play21:06

optimal but it's more fun similarly you

play21:08

know when I was at University studying

play21:10

with friends around me was less optimal

play21:11

because I'm get getting a little bit

play21:13

distracted but it was more fun way more

play21:14

fun than working in my room on my own

play21:15

and so it's a lesson that I keep coming

play21:17

back to be wary of optimizing the fun

play21:19

out of what you're doing there is a

play21:20

certain level of optimization that is

play21:21

like good and beyond that if the thing

play21:23

becomes not fun you are far more likely

play21:25

to burn out and just not and just quit

play21:26

at the thing which is directly in a

play21:28

contradiction to our previous point

play21:30

which is that last man standing is a

play21:31

viable strategy you can't be the last

play21:32

man standing if you're not having fun

play21:33

you cannot do something consistently for

play21:35

long enough if you're not having fun

play21:36

with it if you don't enjoy making

play21:37

YouTube videos you are not going to be a

play21:38

YouTuber for long enough to see it

play21:40

succeed if you don't enjoy running your

play21:41

business if you don't enjoy your job

play21:42

you're not going to be able to stick at

play21:43

the thing long enough to see any

play21:44

meaningful results which is why be very

play21:46

wary of optimizing the fun out of the

play21:48

thing that you're doing lesson number

play21:49

six is to recognize dream moments when

play21:53

they arise so a dream moment is a moment

play21:54

that your previous self that our

play21:56

previous self would have dreamed about

play21:57

and and now we're living that moment and

play21:59

I really noticed this when I was doing

play22:01

promo for my book um I think on early in

play22:03

January I happened to be interviewed on

play22:05

Good Morning America uh which is a

play22:07

massive TV show in the US and it was

play22:09

like a 3 minute long interview but like

play22:11

throughout the whole interview I just

play22:12

found myself like in my head and being

play22:14

super anxious and trying to plan out

play22:15

what I was saying and what I was saying

play22:16

and then the guy George Stephanopoulos

play22:18

like threw me a question I wasn't

play22:19

prepared for and I was like oh like

play22:21

I'm just in my head for the whole thing

play22:22

and it was only in the taxi on the way

play22:23

home on the way back to the hotel and I

play22:25

realized I didn't really experience the

play22:27

experience of being interviewed on

play22:29

national TV I didn't really feel the

play22:30

experience cuz I was I was in my head

play22:31

the whole time I had failed to recognize

play22:33

that this is a moment that my previous

play22:34

self would have dreamed about like the

play22:36

thought of being on national TV talking

play22:37

about a book that I've written like what

play22:38

the hell like that's wow that's so cool

play22:40

but in the moment I didn't think oh my

play22:42

God this is so cool I need to enjoy it I

play22:43

was just in my head I was just trying to

play22:45

optimize I was just trying to focus on

play22:46

like making sure I didn't say the wrong

play22:48

things and didn't come across like an

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idiot and all that jazz and it's really

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it's really got me thinking like how

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many other moments are there in the day

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where we're doing a thing that a

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previous version of us would have only

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dreamed about doing um anytime I get

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into my Tesla Model 3 I remind myself

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these days that this actually is my

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dream car I bought it in 2020 thanks to

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making money from my YouTube channel

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thank you guys um and this is my dream

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car that's really cool and I just spend

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like four or 5 Seconds when I sit in the

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seat that has been preheated just like

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reminding myself of

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that anytime I fly business class these

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days I go on the plane I turn left

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rather than right and I'm like hm nice

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high five passed me we made it we you

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know we smashed it we're here we're

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flying business class we never would

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have imagined this would be possible but

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here we are doing this thing but then

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also I've started noticing what are the

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dream moments outside of like

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materialistic desires like a Tesla and a

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business class flight what are the

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moments where I'm am connecting with an

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entrepreneur or an author who I've

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really admired and I'm having lunch with

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them and I'm like that's super cool

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like I never would have thought that I'd

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ever be having lunch with Dereck cers or

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with Ryan holiday or with like Noah

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Kagan or people like that that's super

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cool when I have meetings with my team

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or like a team social where you know I

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see sort of VI to 15 people who I've

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hired and been able to convince to join

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me on this adventure who are literally

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giving their best years to helping me

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grow my business and help helping our

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students and our customers have an

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amazing time in our YouTuber Academy and

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helping me with my YouTube channel how

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cool is that like it's such a struggle

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to recognize these moments when they're

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there because it's so easy to be fixated

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on like the next thing and the next goal

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and like oh what's the next thing on the

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calendar what's the next thing I'm

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working towards and to sort of forget

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that actually if you had told me a few

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years ago that I'd end up with a team of

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like 15 people who I really Vibe with

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and who are amazing and who's just

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hanging out with is really fun and we're

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all working together on the business and

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they're doing the stuff that I don't

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like doing so that 100% of what I'm

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doing is the stuff that I really enjoy

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how freaking cool is that that's sick I

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just I just don't remind myself of that

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often enough when it's happening I was

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giving a talk at Cambridge a few weeks

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ago and I was saying this to the

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students that like you know right now

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you're all sitting here as medical

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students at Cambridge University this is

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a dream moment for you you are literally

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living the dream like your previous self

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would have only dreamed about being a

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medical student at Cambridge University

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so it's worth in the midst of your all

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the exams and all the stress and all the

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angst and all the complaining worth

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taking a few seconds to just remember

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hang on I'm living my dream life right

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now I'm literally living the dream my

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previous self would have only dreamed

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about this moment and here I am living

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it let's take a few seconds to

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appreciate it let's give a virtual high

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five to our previous self and let's not

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forget to enjoy the moment by taking it

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too seriously and the final lesson that

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I keep on needing to remind myself of

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again that I wish i' known earlier is

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that destinations do not bring any

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happiness only the journey does and I

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really had this feeling like profoundly

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when I got the call from my editor

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saying that we had hit the New York

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Times bestseller list for my book

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Feelgood productivity link down below if

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you want to check it out um we hit the

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New York Times list and this was a goal

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I've been working towards for like years

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as soon as I started writing the book in

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2020 in the back of my mind was the idea

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oh it' be really cool to hit the New

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York Times best seller list I try not to

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think about it too hard because I knew

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was goal outside of my control and y ya

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but it was definitely a goal that I had

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and I spoke to Mark Manson and Ryan

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holiday who are both very successful

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authors about this and they were like

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yeah you you know it's your first book

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you're going to have it as a goal and

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then maybe you'll hit the list maybe you

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won't but when you do hit the list

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you'll realize it's like broadly

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meaningless and so I was prepared for

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this and so I was very intrigued I was

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like if we don't hit the list it'll be a

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good exercise in stoicism and if we do

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hit the list it'll be interesting to see

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how happy I feel and I got the call

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saying we'd hit the you know I was a New

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York Times bestselling author which I

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can now put on my Instagram bio for the

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rest of my life and all I felt was just

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a wave of relief a wave of relief that

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like thank God for that like the hard

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work that we put in is paid off all the

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money and time we spent in marketing is

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paid off nice and that relief lasted

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maybe a couple of hours and then I had

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dinner with some friends and kind of

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forgot about it and everyone's been

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saying oh you know you should celebrate

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the wins and stuff I like yeah cool yeah

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I'm I'm all for celebrating the wins but

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it really has not made me any happier

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it's not really changed anything about

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my life it's just like it's a arbitrary

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goal that I was working towards that I

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hit and I'm just like right cool that's

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fine and I think especially earlier on

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in my entrepreneur career and especially

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when I was at University as well trying

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to build a business for the first time I

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had B into the arrival fallacy this is a

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psychological construct that's like when

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we arrive in a particular destination

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that then things will be different that

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then we will be happy and it's a fallacy

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because it's just not true like you know

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anytime we accomplish something that

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we've been working towards the joy of

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that moment lasts a heartbeat compared

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to the journey that it took to get there

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and so it's cliche but like the journey

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really is the destination um happiness

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and meaning is found in the Journey of

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doing the thing rather than in achieving

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the thing and there was another quote

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that a friend of mine said I don't know

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where he got it from but he basically

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said that there is no achievement you

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could possibly achieve that will make

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you any happier than you are right now

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and it's so true I find myself saying it

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to other people as well like there is no

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achievement you could possibly achieve

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that would make you any happier than you

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are right now probably I think that's

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nice it's reassuring it means that we

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can be less attached Less fixated on the

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outcomes I know it's useful to set goals

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cuz then we have a direction in mind but

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at the same time to be unattached from

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that outcome and to focus on enjoying

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the journey and again it speaks to that

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point around dream moments speaks to

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that point around Last Man Standing if

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you can find a way to enjoy the journey

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then you can work towards ambitious

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goals for sure but you won't be

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disappointed when you hit the goal

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because you know that hitting the goal

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is not going to actually lead to any

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happiness you know that all of the

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happiness is found in the journey it's a

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lesson that actually my editor and agent

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had to remind me of many times in the

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process of writing my book CU many times

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during that process I started to Veer

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towards taking it too seriously

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seriously with a capital S putting too

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much importance with a capital I on it

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thinking oh my God this needs to be

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really good if it's not really good

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people are going to review it badly and

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oh my God it's going to be terrible and

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then all that kind of stuff the tendency

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we have to spiral into these negative

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thought patterns and sometimes my editor

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or my agent would say you know OE isn't

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one of the tactics in the in the book to

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be sincere rather than serious do you

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think you're at risk of taking this too

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seriously and I'd be like yeah you're

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right I am at risk of taking this too

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seriously let me just dial down the

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seriousness let me dial down the

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importance and we can always choose to

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do that you know making videos feels

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like a serious thing oh my God like

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potentially lots of people could see

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this video but it's not that serious at

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the end of the day who cares lightness

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and ease there's never anything to worry

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about because everything will work out

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fine it's the journey that matters not

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the destination find a way to enjoy the

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process all of that fun stuff having

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said that of course there is no Journey

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without a destination and one major

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issue a lot of people have is the sense

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of feeling lost and feeling

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directionless and feeling like you don't

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really know what you're doing because

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you're in a bit of a transitionary stage

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in your life if you are in that position

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at all then you're going to absolutely

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love my three-part video series which is

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over there around why you feel lost in

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life and what to do about it I've had so

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many comments from people saying that

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that video Series has just changed their

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approach to life so if you go through it

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and do the exercises I think you I hope

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you'll get some value out of it so check

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out that series over there so thank you

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very much for watching and see you later

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