Why 70% of lottery winners end up bankrupt

What to do if you win the lottery and not end up broke.

I cover a range of topics in this talk including:

  • Why lottery winners go broke
  • What to do if you win the lottery
  • My own thoughts on personal finance
  • Why money won’t make you happy

 

What are your thoughts on winning the lottery? Leave me a comment and let me know! I respond to every comment πŸ™‚

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Why I don’t listen to everyone who gives advice

Be careful who you take advice from.

One of my biggest pet peeves and why I sometimes tend to tune people out when they try and tell me what to do.

Anybody else feel this way? Leave me a comment and let me know if you agree!

Would you rather be stuck in traffic or under a tree?

Why perspective goes a long way.

Would you rather be stuck in traffic caused by a fallen tree, or be the one who’s car had the tree fall on?

This talk was spurred obviously by my frustratingly delayed commute to work. Given my commute is only about 8 minutes, but it turned into 25 minutes, which really annoyed me.

Until I got closer to the reason why there was traffic, and then instantly I changed my attitude. I would rather be in traffic than have my car totaled by a fallen tree.

I think the key idea here is this: there’s always something worse that could have happened.

Also that #gratitude goes a long way in how you see your day going. Whether you’re having a good day or a bad day is soley dependent upon your attitude or mindset.

Why our greatest successes come from our biggest failures

Why our challenges and setbacks are necessary for success.

This idea came from me listening to Eminem’s new album Kamikaze on repeat. Needless to say, I’m lowkey obsessed with it.

Fanboying aside, I wanted to discuss the idea of how we can “turn setbacks into comebacks” as my pastor Rick Warren always says in his sermons.

Key idea: our greatest successes usually come from our greatest setbacks. If you study any successful person, there will usually be a huge setback that came before their breakthrough. This is the fuel for their fire.

Something that crushes weak people is simply motivation for the strong. And the difference between a weak person and a strong person is simply their mindset on how they see the challenge.

When you’re an introvert surrounded by extroverts

Why we shouldn’t force others to communicate like us.

This talk was spurred by a discussion I was in where one lady felt uncomfortable because someone an introverted person wouldn’t communicate like the other extroverts.

It’s my belief that when you feel uncomfortable with someone else’s personality, its 100% your responsibility/fault, not theirs.

We shouldn’t try and force people to adapt to our communication style.

Instead, we should accept people for who they are and be more understanding that not everyone is like us.

Just my 2 cents.

How to spend more money guilt-free

The key to spending more is to know what you value and what brings you happiness.

For many of us, we feel like we’re not good with our money.

  • We spend more than we think we should
  • We buy things that don’t make us happy long-term
  • We get buyers remorse often
  • We find we have less money at the end of the month
  • We’re constantly waiting for payday so we can feel good again

The key to being able to spend more is to:

  1. Know what you value, what brings you true joy, and spend more on that
  2. Cut mercilessly on things we don’t value or doesn’t bring us lasting happiness

From there, you can develop your own “conscious spending plan” as outlined in the book I Will Teach You To Be Rich by Ramit Sethi.

Book notes: Showboat by Roland Lazenby

Showboat by Roland Lazenby book review summary.

Showboat: The Life of Kobe Bryan by Roland Lazenby

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Synopsis:

“Seventeen-time all-star; scorer of 81 points in a game; MVP; and a shooting guard second only to Jordan in league history: Kobe Bryant is one of basketball’s absolute greatest players, a fascinating and complicated character who knew when he was a mere boy that he would be better than Jordan on the court.

The debate about whether he achieved that is a furious one – but Kobe has surpassed Jordan on the all-time scoring list and has only one less championship than Jordan (five to Jordan’s six).

Continue reading “Book notes: Showboat by Roland Lazenby”

Book notes: Never Split the Difference by Chris Voss

Never Split the Difference by Chris Voss book summary review.

Never Split the Difference: Negotiating as if Your Life Depended on It by Chris Voss

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Synopsis:

“A former international hostage negotiator for the FBI offers a new field-tested approach to high-stakes negotiations – whether in the boardroom or at home.

Never Split the DifferenceΒ takes you inside the world of high-stakes negotiations and into Voss’ head, revealing the skills that helped him and his colleagues succeed where it mattered most: in saving lives. In this practical guide, he shares the nine effective principles – counterintuitive tactics and strategies – you, too, can use to become more persuasive in both your professional and personal lives.

Continue reading “Book notes: Never Split the Difference by Chris Voss”