Imagine what would happen if you harnessed the discipline of a former EOD Technician and applied it to your personal and financial life. That's exactly what we explore in this fascinating conversation with Jay Ly. Jay, a seasoned personal finance, leadership, and communications coach, emphasizes the significance of regular and precise coaching to master skills and gain proficiency. Jay shares invaluable insights on overcoming fear and setting transparent goals for personal and financial growth.
Ever wondered how the thrill and discipline of skydiving can offer life lessons? Jay shares his skydiving experiences, explaining how fear and nerves can be conquered through practice and repetition. Just as controlling your body in the skies, he explains how control and focus can be applied in all aspects of life, from personal to professional. He also illustrates how video evidence of performance can be a powerful tool for personal reflection and fine-tuning skills, providing a unique perspective on progress and goal attainment.
As we wrap up our discussion, the focus shifts to money management and wealth creation. Discover the discipline required to delay gratification and how being a steward of your money, relationships, and team can lead you to financial freedom. Building wealth, as Jay and Thad emphasize, is as much about self-discipline as it is about understanding personal finances. Hear their insights on how consistent, non-sexy, mundane tasks can pave the path to long-term financial success. And for those seeking to deepen their understanding, Jay extends an invitation to his website for further insights and coaching sessions. Don't miss this enlightening exchange with our inspiring guests.
Below is the link to Jay's Budget Builder Workshop:
https://golden-compass.ck.page/1d301cc43f
Contact Thad - VictoriousVeteranProject@Gmail.com
Thanks for listening!
Imagine what would happen if you harnessed the discipline of a former EOD Technician and applied it to your personal and financial life. That's exactly what we explore in this fascinating conversation with Jay Ly. Jay, a seasoned personal finance, leadership, and communications coach, emphasizes the significance of regular and precise coaching to master skills and gain proficiency. Jay shares invaluable insights on overcoming fear and setting transparent goals for personal and financial growth.
Ever wondered how the thrill and discipline of skydiving can offer life lessons? Jay shares his skydiving experiences, explaining how fear and nerves can be conquered through practice and repetition. Just as controlling your body in the skies, he explains how control and focus can be applied in all aspects of life, from personal to professional. He also illustrates how video evidence of performance can be a powerful tool for personal reflection and fine-tuning skills, providing a unique perspective on progress and goal attainment.
As we wrap up our discussion, the focus shifts to money management and wealth creation. Discover the discipline required to delay gratification and how being a steward of your money, relationships, and team can lead you to financial freedom. Building wealth, as Jay and Thad emphasize, is as much about self-discipline as it is about understanding personal finances. Hear their insights on how consistent, non-sexy, mundane tasks can pave the path to long-term financial success. And for those seeking to deepen their understanding, Jay extends an invitation to his website for further insights and coaching sessions. Don't miss this enlightening exchange with our inspiring guests.
Below is the link to Jay's Budget Builder Workshop:
https://golden-compass.ck.page/1d301cc43f
Contact Thad - VictoriousVeteranProject@Gmail.com
Thanks for listening!
He saved my life in more ways than one, and so I was able to identify what was actually going on. And then I controlled my own stuff. It's like I didn't expect grants from the government. I didn't expect any of these things, no one to just swoop in and save me and give me hundreds of thousands of dollars to fix my situation. It's like, dude, you make good money, just retool it, retool your mind and have laser focus on the things that are going to kill you first, and then we can talk about other things. Right, and at the end of the day, building meaningful wealth is not a sexy thing. It is, I mean, at the end of it. It's great, it's fantastic, it looks sexy. That doesn't happen overnight. A lot of people like to think it does, but it's really basic things like controlling ourselves, controlling our emotions, controlling our impulses. Right, I really want to buy this thing. It's so hot, I want to get it Wait a day.
Speaker 2:My name is Dan David. I'm a former Marine recon scout sniper with two deployments to Iraq. As a civilian, I've now facilitated hundreds of personal and professional development trainings across the country, and it struck me recently that the same things that help civilians will also help veterans succeed in their new roles as well. Join me as we define civilian success principles to inspire veteran victories. Welcome to another episode. I'm here again with a former EOD technician, jay Lee. Jay Lee comes to us from Golden Compass. He's a personal finance, leadership and communications coach. What's going on, jay? How are you doing?
Speaker 1:man. Hey Thad, happy to be back. Thanks for having me again. This is great, absolutely, man, I'm having these conversations with you.
Speaker 2:I feel like every time I jump on the phone with you just to have a conversation, I wish I was recording it, because the stuff that you preach, the stuff that you talk about, is just brilliant. So I'm just happy that you were able to jump back on and take some time. Man, thank you. Well, I will do my best to live up to that. Well, and just the other day we were talking about it. You were sharing how you go in and you're contracting work for the military, where you go in and you teach people how to essentially, they know how to skydive, but you teach them how to not just survive, but how they can actually go out and thrive with it. And you shared some interesting stories and videos, just ways that you approach this process. And do you mind just unpacking a little bit of that conversation about how you go about that?
Speaker 1:Yeah, yeah, and the people that I'm working with, that I'm coaching, they're not just off the street trying to learn how to skydive for the first time. I mean, I do that too, but this is predominantly when I'm working these contracts. It's military guys, they're in special operations forces or naval special warfare or other EOD guys, and you think that I mean the general consensus is that if you're in one of these communities, the personnel that are in these communities have nerves of steel, just not afraid of anything like ready to rock. But to the day, everyone is a human being and they all have their angst and fear and whatever the case may be, and we are just trying to eliminate that or minimize it as much as possible by getting it more comfortable, being more proficient in their skill set.
Speaker 2:And it just made me think of just being. At first recon we had a guy that I will throw his name out there, but he was deathly afraid of needles, and so every time we would do these our Sark corpsman that we had, but it would show us how to just tap into veins and that was when he would just lose his mind. He just hated, just deathly afraid of just needles. He would do all the hardest stuff anybody's ever thrown at him but put a needle in his arm and he is about to pass out.
Speaker 1:So I can definitely He'd take a bullet for his buddy. But I'm not doing an IV.
Speaker 2:Yeah, you can't practice IVs on me. It was wild. So what is it like? I mean, how do you get comfortable with that? Because I think that's what I loved about. It is so many different directions, but what would you do? I mean, what does it take to get comfortable in that type of situation? If I'm really afraid to do this, where does that comfortability come from?
Speaker 1:Yeah, there's really no difference than, aside from a few thousand feet, than anything else that you want to get good at. You have to do it often and a lot. There's a bend diagram of people that get injured in free fall operations and there's how I explain. It is in one circle you have currency, so people that are current in their skill set. You have that over there. And then you have another circle over here that is proficiency who has done it a lot? Who has done it recently? Currency who has done it a lot? Proficiency. And then the intersection is who has done it very frequently and a lot? That little sect are the people that typically don't get injured. It's the ones that are in those other ones that are not very proficient but they're current, or very proficient but they're just not current, they haven't done it in a while. And then obviously everyone outside of there is at risk. So we're trying to really hone in that that center section and get proficient and current, and we do that by really just a lot of reps and very fine-tuned coaching.
Speaker 1:We take videos of everything so we can talk to someone, get their thought process. We have video footage of exactly what happened, so it's not like hey, I'm an instructor J and I have it out for you and I just want you to fail. That's not the case. I have video footage of your arm all jacked up and it needs to be more in the wind. But sometimes, when it's early out and it's like we get so tense, it's like because I have to deal with this fear and angst of X thing in an aircraft that 10,000 feet or higher, and I'm like, okay, I'm so amped up and I'm just like every muscle in my body is just flexed to the max that I cannot. I don't even know that this limb exists. I have no idea where that is in time and space. So now when we review the videos, I can show them. It's like, regardless of what you thought you were doing, this is what your body was actually doing, and they're like oh man, that is crazy, cause I could have swore my arm was like this, when in reality it's just like straight out and now we can actually fine tune. That's like okay. So let's isolate that.
Speaker 1:We've identified the problem. We get to the root. We need to relax cause you're super tense, and just relax. I say the key for skydiving, at least right, and we're gonna extrapolate this in a minute. But for skydiving, the key is in your shoulder, right.
Speaker 1:If you can relax your shoulder, the rest of your body will fall out. Because if I'm out here and if I make a fist as hard as I possibly can and someone pushes me, my whole body will move. But if I relax my shoulder, my arm, I can move my fingers. Someone moves my hand, my hand is the only thing that will move. So now, if I do that in the sky, I'm relaxed. I'm relaxing my arms. Now I can actually feel what the wind is doing to my body and if I'm turning, I know to counter that, right, and obviously I gotta talk about all the body mechanics and how to turn and stuff like that.
Speaker 1:We don't have time. But yeah, that's like once you can feel the air and you can control your own emotions in your own body. Now you can feel the air and you can fly. You can control what the air is doing. Right, you're flying the air, not the air blowing you around and doing whatever it wants with you, right? And that is what we can extrapolate to literally anything else in your life. You just apply the same principles of controlling your body, your own mind, because, at the end of the day, those are the only things that you can control. Really, I mean 100% of the time. It's yourself and your body and your mind. So once we learn how to do that, that unlocks potential beyond belief for every aspect of our lives.
Speaker 2:And so what other whatever, I might be getting far ahead. Because the other question I wanted to ask, inside of that too, is it sounds like you have a goal, like they want to get better at skydiving, they want to get more comfortable. So they've identified this target goal. They're getting reps and getting some video evidence and then going back and reflecting on it. And then, with that evidence because I think a lot of people don't do that we don't have a lot of goal setting, we don't do a lot of tracking of how things are going In general it seems like that's essentially what you're doing out there, with all of these men and women that are attempting to get better with this.
Speaker 1:Yeah, yeah, the goal, like good metric, is always just having a good metric, I mean. And for us it's like we start out very basic, it's like we want you to. I want you to be right in front of me, no more than two feet away, and I want you to pull your parachute without sliding around, right, I want you to be boom head up and once we attain that now we can move on to something else. But until we get to that point and this is a lot of personal growth also because I can have video right and I can tell you exactly what you need to do you can watch it Like, if I'm video-debuting bad, it might be a sky, god, I don't know.
Speaker 1:We haven't really talked about that, but I can give you your video debrief and it's up to you to be like okay, yeah, like I totally get that and I can see or I do get this a lot, unfortunately, where it's like I hear what you're saying, but I really think that I need to do this instead.
Speaker 1:Right, and we do that so often with a lot of other things in our lives where it's like I have video proof of what you're doing, right, and this is essentially when we're having that conversation with ourselves in the mirror, like we cannot, we can't BS that person.
Speaker 1:It's like I know exactly what happened and I know what we need to do Me and you, please look at me in the mirror but then we justify doing something else, like no, it's just like we just got to do this other thing instead, and it's like we know what we have to do, but we're going to do something else because we think that we know best, right, and the person that's really trying to keep you on a straight line and hold you accountable, which is self accountability, is huge. Yeah, it's just like once, once. If you stray, you're never going to grow, but once you listen to what is being said to you and you're being coached and you just like okay, I got this outsider's perspective, I have it on video. It's like man I just need to relax his shoulder and everything will be better.
Speaker 2:And you have people that are, were you saying? You have people that are watching this video that will also say I see it, I hear it and I'm still going to do my own thing.
Speaker 1:Oh, yeah, yeah, it's incredibly frustrating and that's a growing experience for me because, like, that's going to happen and it's like, okay, now how do we deal with this situation? It's like, cool, great, you know, you do have, you know, even though you have a fraction of the amount of jumps I have. But you know, you know, you're probably right, you probably know exactly what you need to do. So I don't even know why I'm here. I don't know why the, the military, the DOD, is paying me all this money to come and tell you this very thing. But yeah, I mean, you can, that could be in any business, right? Any coach, any trainer, speaker, anything like anything in that realm. It's like you're going to deliver, right, your offer, your core offerings, like here it is. And so it's like, ah, yeah, I got this. Instead, it's like your company paid a lot of money for you to get this training and coaching. So maybe there's something to it that you're just not seeing because you're too close to the situation right, yeah, and do you think that's it?
Speaker 2:That it's just because we're too like that, that individual is too close to the situation.
Speaker 1:Could be. Yeah, it's not a rubber stamp, obviously.
Speaker 1:Yeah, that that is a very common thing that I see. It's like look, especially in money, right as personal finance, and even leadership. It's like look or and I mean leadership and communication they're all really tied to each other but, like, if I'm so close to my money and I think I'm doing the right thing, it's like okay, cool, that just means looking at the situation with my blinders down. But now if I ask you, it's like hey, what do you think about, like how I'm managing this? Do you think I have things going to the right places and in the right amounts and in the right order, or should I be not doing everything all at once? Or should I be approaching this with a set of steps of process? Or is there? Is there like what, what should I be doing here?
Speaker 1:And then, since I just asked you, and if you tell me, especially if you're an expert in the field, you're like, hey, you're trying to do too much for, and too much, too much of everything all at once. You need to really focus in on these first three things, even the, or maybe even the first one thing for that first thing. Get that knocked out and then put all your energy that you're applying to all of these things into this one thing, you will crush that goal and then you can move on. You'll crush that one, and so on and so forth, and I can like, oh man, I just like wasn't even thinking to just not even do all this at once, you know, and use all my energy and try to divide it all up when I can just really do the bare minimum for all these things and really focus on this so I can still still survive over here but really intently focus on that one thing and then we can move on. It's like great, thanks Thanks to that for letting me know that. And I'm like man, that sounds like not what I want to do, so I'm just going to keep living my life like this.
Speaker 1:And then you know what cool, whatever you asked me, but I'm just like you will come back eventually when that does not work, because I've seen it, I've done it and you know I've it. Just, you know it's one of those things where live and learn right, you got it, you got. You can't, if you love something, set it free, right? That's? That's what I use for clients also. It's like cool, do your thing. I'm not here to control you or do whatever you have to, because at the end of the day, the only person I can control is me. I can't control other actions of others. I can give my best advice. If they follow it, great, they're probably going to save a bunch of money and change their financial picture a lot. But if they don't, they'll feel the pain and then they will Eventually come back Maybe. But it's oh, and the goal is thick.
Speaker 2:The goal is for they come back right. Yeah, for sure. Well, because you won.
Speaker 2:At the end of the day, you want them to succeed and whatever it is with the skydiving personal finance and in the realm of Skydiving and with this too, and I just want to honor the fact that how many times I've been that stubborn person, like I think about it, like definitely not picking on anybody else, because I think I always look back at myself. I'm like, yeah, I'm. I've had some situations where I put my heels on the ground and said, no, now I don't, I don't think that's gonna be it. And then I turned around and did it and I was like, yeah, turns out.
Speaker 1:Turns out. That was the right man, I wish I did that five years ago.
Speaker 2:Exactly so. I've definitely been in those shoes as well. But your goal as a an instructor, is to get somebody and I love the way that you'd said it, but just to get somebody to instead of having the wind because they jump out of this plane and the wind is just kind of flopping I'm all around pushing them wherever it wants to go. The goal is, at the end of the day, for them to control the wind and not for the wind to control them. Exactly right.
Speaker 1:What did you find by that? It's instead of just going out and like jumping out and I you know, I kind of joke sometimes and it's like, you know, it's like you think that some of these people that are like in the greatest shape ever, right, are just getting hot, like we're just wheeling them off in wheelchairs and it's like, okay, see you later. But you know, it's like that's not, they're just not controlling, they're just like they're so, they're so front-sight, focused or they have their blinders on and there's really focused on not dying, right, that they're not experiencing everything that that in free fall, you know it's, it's very fleeting at 60 seconds, so it's so focused on not dying and Surviving that it's just it's it's like a blink and nothing really happens and and the air is essentially blowing them all over that, all over, all over God's blue sky. And you know, wherever they end up pulling is where they end up pulling, right, yeah, but when we harness that power, when we relax, control our bodies, we can fly Wherever we want, obviously within the constraints of gravity, because that's a thing also, right, that always works. We test it all the time. It works, it works every time and but, yeah, we, we are able to really manipulate the wind and and use it to our advantage and fly Just like.
Speaker 1:I mean just like birds. I mean obviously we can't fly that far, but we can get a lot. We can group up, we can turn points, we can like, have you know, we can track in the same direction and it like cover ground, we can pull high, we can, you know, fly Our canopy is together at night and land in a very specific spot. Obviously a lot of calculations going to that, but we can do that Once we learn how to control our bodies. Because what if we can't control ourselves, we can't control our bodies and open up at a very specific spot at a very specific time and fly our canopy in a very specific manner? We can't. We, there's there's no hope of ever flying together with someone else as a team. And right, that's what we're trying to do is group as a team and then go to a certain area and then go do our job.
Speaker 1:And we're trying to retool the minds thinking of man. This is insane. I'm jumping out of a perfectly good airplane because a there's no such thing as a perfectly good airplane. How many times have you been on a tarmac and they're like oh there, we're having some maintenance issue and then you miss your next flight, right? So there's that.
Speaker 1:And then we're trying to retool it from Like, oh, I'm jumping out of this perfectly good airplane. It's like I'm got I need, I'm gonna die doing this to as I step out of this airplane. It's the same thing as me getting in my car and driving to work, because at the end of the day, in the military, that's what military free falls for. It's a means to get to our job Well, not my job anymore, I'm a free man, you know, veteran boom and and it's a means to get them to their job. So the safest or the safer that they can do that, the more efficient they can do that, the better off they're gonna be, the lower risk of injury they're gonna have, and then they can just buggy on and do whatever the taxpayers need them to do mmm, there's a couple of things in there and I want to circle back to one thing that you said.
Speaker 2:Just want to make sure that that everybody caught it. And here you unpacked a little bit more, because you said that people are front-side focused. You know, there they jump out of the airplane and they're just so front-side focused and you expand on a little bit. What did you mean by people being front-side focused?
Speaker 1:Let's say military term or Expression, where it's like you're just staring at the front side post of your weapon and which I mean, that is a good way to you know. That's how you quickly acquire targets and and take them out. But when you're a front-side focused, you're focused on the target right in front of you and really nothing else. Right, you want to put as many rounds as you can right there in that moment. So I'm going to stare at that front site instead of just opening the aperture a little bit and Seeing around. Right, yeah, there's a time and a place for staring at that front site and being really honed in, as I talked about. Right, instead of doing all the things at once, maybe start that front-side focus, just start that front focus on that front site, knock out a goal and then shift it to the next one. But it's good time, it's a good idea, right? And we do this in soft all the time.
Speaker 1:I mean every, every, whether your recon, sf, ranger, you know, seal, whatever the case may be, you shoot, you look right, you scan it. You're saying for other threats like this is gonna kill me right now. Let's deal with that. And now what else is gonna kill me, right, mm-hmm, boom.
Speaker 1:So we deal with what's gonna kill me first, and then is there anything else in this room that is gonna kill me next, right, and as a UD guy, it's like there's bad guys that are trying to kill us and then there's inanimate objects that are going to potentially detonate, that are not going to shoot at us, but you can't even. They're not really fighting as actively, they're just waiting. They're just hiding in the corners, right, just waiting to go off. So it's like what is actually gonna kill me in here? It may not be a person, maybe this thing in the corner that I'm not paying attention to, but I got a scan not be on that front site, but not be on that front site the whole time so I can identify the other threats in my immediate vicinity, in my life. Right, we can apply to anything that we do, yeah, in my relationship, anything at work anything, and that's I'm glad you touched on it, because it really applies to everything.
Speaker 2:I want to make sure that everybody understood exactly what that was, because, like, essentially, if you're doing that, you're going to get harmed by so many more other things around you that you didn't see coming. And I love that comparison. I one of those old military terms. I haven't heard that in quite some time, but it applies to so many areas of life, so it's just brilliant, is what I love about getting to chat with you. So, and you also said, too, that once you learn how to control your own body, that's when you can start to go and really impact other people. You can start to skydive with other people, and I think there's so many things to unpack inside of that. I mean, in life in general, everybody wants to go influence other people, when the reality is they can't influence themselves to do something different.
Speaker 1:And then it's such an interesting thing.
Speaker 1:Yeah, it's. I mean, this is where I'm sure you've seen it, I've seen it it's. It's like kind of it's been like scorching through LinkedIn where people put, like they take pictures of book lists, like they they'll take a picture of, like all these, the spines of books, like so it was like 12 books, like these are all the books I'm going to read this year. Great, cool. You know, this is my reading list for this year and it's like that's great if you like reading and everything.
Speaker 1:But like, my main mission right now is to read one book that you really are interested in, that you really want to learn and you really want to apply the principles to your life. Read that book and apply the lessons to your life until it's second nature. Then read a different book, right, and if we can't do that for ourselves, how can we expect anyone to be like oh, you know, I really think that you should read this book because I love it and you know, here it is, even though I read it once and I love the ideas and I don't do any of them in my ideal, like in my regular life. But no, you go ahead. You, you've read it and it'll help you out.
Speaker 1:You know it's like, but you're, why would I? Obviously you're not doing anything in this book, so what I mean? What I mean? Yeah, we all like to read a good story. Like, don't get me wrong, like you should definitely make time for some fiction. But yeah, when you, when you read some nonfiction or you're trying to like read something that will better your skill set or something, apply the lessons to your life and really read it, reread it until it is second nature.
Speaker 2:I love that you brought that up and it's something that me and my my buddy, a really good friend of mine we were talking about that same thing there and we actually committed to each other. He had sent me his top 10 book list. I sent him my top 10, like favorite books and he picked a book off of my list and I picked one off of his list and then we studied it each other's book for three months and then presented it and as as like as if we had to give a book report on it, like. So we sat down and we knew we were lucky up. It was. I learned so much about this book and a really, really in depth level and it was a totally different thing versus just reading it once and saying, oh, that was. You know, that was a fun read, it was a really cool thing. But I want to ask you you said one of your things right now is to do that have you selected your one book that you're going to read and commit to?
Speaker 1:Oh yeah, and I have to, I have to thank you actually for this, that, because you're the one that kind of introduced me to this gentleman Alex Hormozzi, we'll plug him on our show, you know he'll listen. I mean, he's, he's pretty good, he's the buddies of ours.
Speaker 1:So I mean, yeah, obviously, His his new book, $100 million leads right, yeah, I'm reading it, I listen to it, I read it sometimes at the same time. I always do it when I'm in the car. It's like man, I really like like I need to be better at this thing that he's talking about and how to craft lead ads right, how do you generate and how do you even do that? Like, what is the process? Like we're talking about, there's always a process of how to do things. What is the actual process to follow? It's like, okay, I heard it, I need to read it and try to craft it, and then I'm going to listen to it again because I'm like hitting a roadblock and really just going to do that until I can. I can have a machine that is essentially generating $100 million. It's right. Yeah, so yeah, and thank you so much for introducing me to the world of Alex or Mosey and the game, his podcast.
Speaker 2:But yeah, he's awesome, fantastic. He's got some incredible content. So I'd love to hear I'm actually that's when I'm I'm currently listening to right now and all of my runs is is that new one? So it's so far it's been excellent, really good book, which I expect nothing less. And well, I love just unpacking this in general and taking these, this thought process of going from skydiving into and I know we've touched on personal finance like how do you use these stories and and this talking points as it relates to when you're talking to somebody on personal finance and and how it can impact their life?
Speaker 1:Yeah, Absolutely so. Personal finance if you don't control, like in free, fall in in skydiving. In general, if you don't control your body, the wind is going to control you, period. And the same is true for your money. If you don't control your money, a lack of it will control you forever. Right, it will create anxiety. It will create just stress of how am I going to pay this in? I want to get that, but what am I going to do with it? I can take it alone. Okay, cool, great. I'm going to go to the next bill.
Speaker 1:I had the thing that. It made me happy for an instant and now it's like. Now I got to pay these bills on it and it's just man, it is just a nightmare. It's a nightmare. It's on on Instagram and Facebook. It looks great, but then when we actually look at it from our own lies, it's, it's, it's hell, and that's a huge part of my story is just like that nightmare that I essentially created for myself. I was like I almost got my teammates killed. You know, we you've talked about this on our previous episode, which everyone should definitely check out, but it is just like once I learned, I was like I'm going to pay this bill. What rewind.
Speaker 1:Once I actually identified what was causing all of the things in my life to go awry and you just like, blow up my relationships. I mean I was angry at everyone, super short tempered. I mean I was not burning bridges, I was detonating them. I mean you guys. So there you go. Yeah, it was, it was bad. And then my buddy, help me with that budget. Like man, this is just like. And he was a new guy in my platoon, I was his LPO, is leading petty officer, and so it's like second senior in this on the platoon for this brand new guy. And I mean I'm just like, dude, I, you saved my life and I really can't explain to you why. Right now, some if it's kind of weird I lost it. I'm like, but thank you For whatever you're doing. Just keep doing what you're doing and when people give you pushback, keep pushing forward and getting this to more people because it's so necessary. And I think that's why and he saved my life In more ways than one. And so I was able to identify what was actually going on and I controlled my own stuff, like I didn't expect grants from the government, I didn't expect any of these things, like no one to just come swoop in and save me and give me hundreds of thousands of dollars to fix my situation. Like dude, you make good money. Just retool it. Retool your mind and have laser focus on the things that are going to kill you first, and then we can talk about other things.
Speaker 1:Right, and at the end of the day, building meaningful wealth is not a sexy thing. It is, I mean, at the yeah. At the end of it it's great, it's fantastic, it looks sexy. That doesn't happen overnight. A lot of people like to think it does, but it's really basic things like controlling our self, controlling our emotions, controlling our impulses. Right, really want to buy this thing so hot, I want to get. Wait a day, just wait a day. Just go home by tomorrow. Right, guess what you probably want? And that doesn't mean go home and buy online buy online either, because we can do that nowadays too but just have the discipline to delay your gratification right now, and that can be.
Speaker 1:I mean, that's another lesson that can be extrapolated to many different things. Right, like you cannot claim that you're really good at managing your money. Right, if it's like oh, if I just had more money, I would be better off right like no. If you cannot manage one thousand dollars, what in your right mind makes you think that you can manage one million dollars? Right, it's just not going to happen. You're going to do the same things with more zeros tack on in the end of it.
Speaker 1:I see all the time, and that's, and that's what this this is about. Like controlling ourselves, controlling our bodies, controlling Right our, our minds and how we think of things and how we have our relationship with money. That's huge right, because if we control it, we will find freedom we can use. We can use it as a tool and not like telling you to put money on a pedestal. It's a tool. You wouldn't put a hammer on a pedestal, right, you want to, maybe if you finished a good project I mean that I'm really proud of my bronze, a hammer and put up on my mantle.
Speaker 1:I mean I might do that. So that's kind of a bad analogy, but A lot of business put like their first dollar right. I actually encourage companies To burn their first dollar and videotape it right, because easy come, easy go right, as whatever it took you to get that dollar, it can go away like that Right, and that is a lesson that everyone needs to remember. If we're not stewards with our money or not stewards with our relationships, if we're not stewards with our team, they will go away In an instant, right. It's very hard to get it back right with the ash of a dollar. You're never putting that back together. You can mend relationships. You can do that, but that takes a lot of time.
Speaker 2:Well, right, and if the other person's even willing to do it. But I love and you mentioned it because you you talked about to the entire piece of skydiving, in that you can only skydive with others Until you once you can skydive by yourself and actually control yourself. And then you tied it into high. If you can manage One thousand dollars, how on earth? And you said, how would you ever manage a million dollars? I was thinking like ten, like what? What would? What makes you think you'd be able to manage ten thousand minutes? That taking that basics guy having principal there, that if you can't manage a thousand dollars, you're not going to be able to manage ten thousand. And so really getting good at a small basic level. And then it also one of my mentors. He runs a very successful business but he just said he's like man.
Speaker 2:It's the reason that most people can't do it and like run a really successful business is because it's too boring. Like being successful is really really boring. It's doing the same thing over and over and over and over. And that's what throws people is they can't take the boredom and just the mundane nature of it Because they want to go to that emotional, like I'm getting drawn to this other thing and it's tied it to personal finances. Just in my mind that's where it went. It's like it's doing it is very basic, but that's why it's so tough. It's it's. It's actually tough because it's basic, not because it's this huge, grand thing.
Speaker 1:Yeah, I mean, look at any and money, it doesn't matter how much you make, people do this across the board, regardless of what their occupation is. I mean, I can look at a certain number of physicians that are excellent at managing money, right, they make really good money. They're really good manage of it. They're killing it right. I know other physicians that are making the same amount of money, but they are just not doing well because Of that very thing.
Speaker 1:It's like, oh, I've been like living, you know, I did. I was essentially, you know, an indentured servant of the hospital when I was in my residency, and now I'm making some good money. Now it's like now I'm in this thing. It's like I I'm getting this lifestyle creep where. It's like, cool, I make good money. Now I'm going to like I deserve this thing. And it's like I want to feel comfortable with my new salary and my position and I want it to match what I draw, right. I want my car to match my current how I feel, right. So then they take out a ridiculous amount of car loans to get Maserati's right. I'm like, dude, what are you doing? You have, you have school debt to pay off, right, that is three times expensive as that car. So now it's like just to lay that gratification and not just making fun of doctors here. But we can again, because you can do this. This is a the supplies to anyone right, I almost got my home all my, all my teammates killed in Afghanistan.
Speaker 1:Right, I was not making doctor money, trust me. But now we just control that impulse, live exactly how we were living, really manage it right. Do the non sexy stuff, the mundane, it's like, ok, I'm going to hammer this down and hammer this, this step down. So then in two years, three years of making, after making, a really good income, now I can just really enjoy my life and I'm very comfortable because I own nothing to no one and I make a great income and I have a great stable job and boom, now I've built my, my whole financial picture on a rock instead of on the same right.
Speaker 1:And that is, that is biblical. The wise man builds his house on the rock, not the same. For when the storms come, you know the house will get washed away. That's on the same. I don't quote me directly in that, you know. That is if I'm paraphrasing there, obviously, but the same.
Speaker 1:It holds true where? If we, if we just do the quick thing, if we just like, oh man, what? What is this Bitcoin thing? That is awesome, like I want to, everyone's doing that, I'm gonna do that when my like someone, it's just like the. It's just, it's just relax, do the basics right and you do.
Speaker 1:We had an expression be brilliant at the basics. That's the only way to survive, and we have to apply that to our money, to our relationships, to jumping I mean everything. It's like when you jump out, have good body position, right, I'm not gonna jump out, and there's often different disciplines going head down, like you know, flying with your head towards the earth instead of on your belly, which is where everyone starts out on the belly, like you're not gonna jump out and go head down right away. You have to learn how to belly fly. You have to learn how to back fly, then you have to learn how to sit flight, then you learn how to head down.
Speaker 1:Right, it's a process and you don't just, you don't just become Ultra wealthy by not tracking your money right. Ask any ultra wealthy person how much money they have coming in and how much is going out. I guarantee they know, ok, guarantee, they can tell you right then. And there, when you ask the question like that, hold on, let me check that. You know, they probably know a very, very close, very close number to what is actually true.
Speaker 2:Yeah Well, and that's getting back to again the core of the start of the conversation with skydiving, where you're taking videos and you have video proof, video evidence, and, essentially, if you're not tracking it, you don't have that video evidence. You don't have the video proof of saying, look, this is what we're doing, this is what's happening, this is what we're seeing. And so, just taking it back from what you were sharing earlier, you know we got the goal of personal finance, but how are you tracking it? Are you even aware of what your personal finances are? Because it's really tough to do anything if you're not tracking it. And so I love that you tied that in. It's such a great thing.
Speaker 1:Yeah, I mean knowledge is power. We've all heard that. It's like been pounded into a sense today. It's as long as we can remember knowledge is power. Same thing applies to our personal lives. It's not just like what you learn at school. What is your personal financial picture? What is your snapshot? What is your situation? What are your living expenses? You're never going to save an emergency fund if you don't know what your living expenses are.
Speaker 1:So it's like these basic financial principles, which is exactly what was killing me early on, and it's like I was doing none of these things. I was doing none of these things and I dug myself through a hole. It was a nightmare. And then, once I just started doing the basic things, it's like man, I can actually breathe here. It's like I was making good money as a soft member that was, I mean, constantly deployed. So it's like all the tax ring and whatever, but I mean I felt like I was drowning.
Speaker 1:But then, once I was able to just really key in on basic financial principles manage your money, keep track of it, spend less than you may these are all very easy concepts. They're very hard to execute, especially when there's no accountability, whether that's to you and yourself, or if you have outside accountability, help as a coach or just someone that can help you in your corner that truly knows what they're talking about. The biggest thing I see is other people taking financial advice from people that are broke. I mean it's like what are you doing? Why would you listen to this guy or Gail, where they have three car notes? I mean, they're living paycheck to paycheck. Why would you want to take out? Why would you want rentals like them that they have to pay off every single month and they're vacant? Why would you want to do that? It's weird, right. Yeah, I'll get off my soapbox on that.
Speaker 2:No, no. I think what is a great thing and that's what I was going to ask as we start to wrap this up getting a good coach, getting somebody that actually knows what they're doing, is the key. What are the ways? I know in the last interview you had mentioned it. If you haven't listened to the last interview with Jaylee, go listen to it. It's incredible because he has a full story that he alluded to and it's gave me goosebumps. What are some ways that, if somebody's listening to this and they want to get some personal finance coaching, how can they get in touch with them? What can they do to reach out?
Speaker 1:Yeah, in practice, when I preach here Alex Hormozzi, one of the things that he talked about was just like make your free offering better than everyone else's paid offering. That's essentially what I do now. I'll give you a link. It's you, sign up, it's a budget builder workshop. It's completely free. All you got to do is go to the page, sign up. Name, email. You will get a download for recommended budget percentages.
Speaker 1:That's what a big hiccup. Like people hit this roadblock first and foremost, like I have no idea what I'm even supposed to be spending money on for these little categories like food, gas, transportation, communicate what am I actually supposed to be spending money on? These recommended percentages? You plug in your income boom and it calculates for you based off of percentages. It's not a dollar amount, it's a percentage of your income that you should be spending money on. Some of those things obviously will be a little bit different. For example, if you make $50,000 and you're spending 15% of that on food versus if you make $300,000, you're probably not going to spend 15% of $300,000 on food at least groceries. You might go out a lot.
Speaker 1:There's a lot of fancy dinners, you could eat steak a lot. That is the biggest budget buzzer. Sorry, back to that. You would get that download Literally takes the work in the frictional way.
Speaker 1:You plug in your monthly income, your take home pay and bam, this calculator that I've created spits out every percentage, recommended percentage of budget category that you should be allocating your funds to. After that you will schedule a budget builder workshop. We'll take that data that is collected and that you put into the spreadsheet and then boom, I will sit down with you for a one-on-one 30-minute budget builder workshop and actually look at those numbers and smash them out and get more of your information for your total personal financial picture. You can take that and run with it, even if you don't want any coaching after that. You at least have the tools now to just go win. If you just keep doing those things that mundane thing of just exactly what that package gives you you will win. Now. If you want that accountability piece and you really want to dump gasoline on this fire that we've created, that's when the coaching continues. We can pursue that at the end of that workshop.
Speaker 2:I love it, but you're giving it away for free. I love that you're doing that, because it's a huge value add. It's a huge thing that would be so simple for somebody to step in. That's why most people that don't do it, but I know that the listeners listening listening to this, they're going to be the ones that step in to do it. If you are listening, head over to Jay's website Again. If you want to throw it out there one more time. I just want to make sure everybody heard it. If they didn't write it down, I'll put it down in the link in the bio. Where can they get in touch with you?
Speaker 1:Excuse me. You can head over to goldencompassllccom and you can schedule a session right from there. All those things will be delivered right to you.
Speaker 2:Beautiful, jay. Thank you so much. I really appreciate you taking the time Put all this work in. I really enjoy all of the conversations we get to have. Thank you for this. It's not work if you enjoy it. Thank you, thank you so much.