🧵How to avoid the messy middle (& build a great life)
There’s a quote that is well known in climbing circles but rarely repeated elsewhere:
“At either end of the social spectrum there lies a leisure class.”
Freedom is achieved through simplicity or wealth.
It's... 👇
...the middle where things get messy, where we trade our time for money, hoping to someday buy back our time.
This can feel like anything but freedom.
In climbing we refer to people who forsake material possessions to obsessively pursue their passion as “dirtbags”.
It’s not a derogatory term—to the contrary, it’s a lifestyle that has been idealized, a noble & enlightened existence.
Dirtbag culture inspired the #vanlife movement. Through climbing I know dozens of younger, well educated people who have opted out...
...of mainstream society to live full-time in tricked out vans, chasing sunny weather and working just enough to get by. In most cases this equates to about 3 months of work for 9 months of freedom.
We can debate the merits of this lifestyle—and I’m not advocating for it—but...
...it’s helpful to examine extreme lifestyles to uncover kernels of truth that we can apply in our own lives.
Here’s the thing:
If want to avoid the messy middle, we must seek simplicity or wealth.
Of the two, simplicity is the easiest to achieve—we have almost complete control over how simply we live and sweeping changes can be made quickly.
Financial wealth, on the other hand, usually takes time & sacrifice, and includes some factors out of your control.
And...
...paradoxically (and for a variety of reasons) surprisingly few who achieve financial wealth achieve true freedom.
Despite good intentions they build a life that is anything but simple. Instead, they end up on a hamster wheel, running ever-faster but getting nowhere.
One of my friends is the CEO of a 10,000 person company. Last week he told me that he originally set out to hit a certain number—then he’d be free.
Then he hit that number.
Then he hit double that number… then triple.
Yet there he is still grinding it out.
He told me that he doesn’t know what else to do—work is all he knows. It’s a trap!
There’s certainly nothing wrong with building wealth, but *along the way you also have to build a LIFE.*
You see, the quote I presented includes a false dichotomy:
It’s not an either/or.
The real trick is to have (just enough) wealth *and* simplicity. This is ultimate freedom.
I’m not talking about living in a van with a fat bank account (although that would be kinda sweet). I’m talking about tuning out modern society’s call for “more more more”...
...and deliberately setting a course toward a life that provides the true freedom.
I stumbled into this through dumb luck by simultaneously pursuing both rock climbing & business for 25 years, with one foot in two worlds. It turned into one of the greatest gifts in my life.
I hope you find a way to live at both ends of the spectrum.
🤙
Related reading: A big part of building a great life is being multi-dimensional👇
Let’s face it: Our financial system is rigged in favor of the wealthy. Rich people make “money moves” that most Americans simply can’t—I’ll explain 5 of them in this 🧵.
The solution to this inequality isn’t to take from the wealthy... 👇
...it's to make those same money moves available to everyone.
Unfortunately banks have done almost nothing to help regular working Americans get ahead—in fact they’ve done the opposite, offering their best services exclusively to the rich while nickel-and-diming everyone else.
The good news is that help is on the way. A revolution has begun…
Let's dive in and take a closer look:
There are 2 reasons most people can’t make the best money moves...
A young man once asked Mozart how to write a symphony.
Mozart told the man he was too young & should study more.
The man responded, "But you were writing symphonies at age 10."
Mozart: "Yes but I wasn't asking people how to do it."
🧵👇
Elon Musk said something similar of entrepreneurship:
"If you have to ask it's not for you."
Ouch.
We all have dreams & aspirations and there's nothing wrong with that.
Buuut...
👉If you haven't taken action you should ask yourself *why*.
As Mozart & Musk implied, those who *do* don't wait for approval or instructions. They bias toward action, jumping in without all the answers or expertise... because that's the best way to acquire those things.
Hear me out & this 🧵 may improve your life by 10%…
I talk a lot about minimalism. My 🛗 pitch is that it’s not what most people think. Minimalism isn’t about denying yourself & leading a monk-like existence...
👇
...it’s exactly the opposite!
It’s about removing things from your life that don’t bring true joy to make room for *more* of what does. It’s actually hedonistic (in a healthy way).
Someone recently asked me a great follow-up question:
🤔What should I remove?
Before I attempt to answer, let’s channel Steve Jobs for a moment. Jobs said innovation isn’t about saying yes to a good idea, it’s about saying no to 1000 good ideas to focus on making one idea *great*.
Home ownership continues to be the single most misunderstood topic in personal finance.
It’s the best investment available to regular Americans yet… 🧵
...there are still people out there advising against it under the misguided belief that renting plus investing the same money in the market is a smarter play.
It’s time to revisit the math…
The reason home ownership is such a great investment is *leverage*, which unfortunately is a concept most people don’t understand. I tried to explain leverage in a previous thread (below), but let’s face it—financial stuff is confusing for most people.
There is simply no better risk-adjusted investment available to regular folks. The only exceptions are if you don’t plan to stay 5+ years or live in a dying city.
(Also, a home is no different than any other RE investment except cheaper leverage is available. So in effect that tweet is saying RE is a bad investment 🤣. Again, your home is unique in that it’s a payment you’d have to make anyway. Why pay someone else’s mortgage + profit?)