May 8, 2024 • 13 mins
Are you the kind of person known for juggling numerous tasks like a boss? Yet, internally you struggle with the chaos of busyness.
You might have heard about adopting mono-tasking to help discover clarity and peace.
Could mono-tasking have the same impact on your financial journey? Could financial focus bring clarity and peace amid money chaos and busyness?
If you want to build a strong financial future, focus is crucial to getting you there. Discover how we learned to focus on one thing at a time and overcome financial overwhelm.
00:00 Meet Carl: A Journey from Chaos to Focus
02:15 Diving into 'Five Smooth Stones': A Series on Timeless Principles
03:32 Carl's Story: A Personal Confession and the Power of Monotasking
08:03 Finding Financial Focus: The Journey Towards Monotasking with Money
10:46 Securing Your Financial Future: How to Get Started
11:42 The Importance of Focus in Business and Life
Links mentioned in the episode:
- Grab your very own copy of Five Smooth Stones here: https://www.wealthwisdomfp.com/shop (physical and digital versions available)
- Schedule a Discovery Call with us here: https://www.wealthwisdomfp.com/call
Watch this episode on YouTube here: https://youtu.be/BOrfB68fU2c
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
(00:01):
Meet Carl. He's a whirlwind of activity
known as Superman among his friends for
effortlessly juggling numerous tasks. Yet
beneath his facade of productivity
lies a struggle. His love for variety
leads to an overwhelming sense of
busyness, drowning him in to do lists and
projects. Then a friend, almost off the
(00:22):
cuff, offers a simple yet profound
insight. There's always too much to do
Carl. It resonates with Carl becoming
his guiding mantra. He embraces
mono tasking, learning to focus on one
thing at a time. Then he applies
mono tasking to his money in
his financial journey. Carl discovers
(00:43):
clarity by adopting a single tool
aligned with his core philosophies.
Rather than spreading himself too thin,
he focuses and finds peace amidst the
chaos. Through challenges and
triumphs, his focus point becomes his
North Star, guiding him through life's
uncertainties. To those feeling
(01:03):
overwhelmed, Carl's journey offers a
beacon of hope. Find your focus
point, mono task on it for a long
time and let it illuminate your path.
It's not about doing everything, but
about doing what truly matters.
In a world where chaos seems to reign
(01:24):
supreme, where uncertainty lurks around
every corner and financial
markets are now more unpredictable than
ever. There's one place you can turn to
to find clarity and control.
Welcome to the Wealth Wisdom Financial
Podcast. Hey, I'm Brandon. And I'm
Amanda. Join us as we dive deep in the
(01:44):
world of personal and business finance
to assist you in navigating through the
chaos and building the financial future
you deserve. We believe when conventional
financial thinking doesn't get you where
you want to go. You need wealth wisdom.
So if you're ready to take control of
your financial destiny, tune into the
Wealth Wisdom Financial Podcast. Because
(02:07):
in a chaotic world, your money shouldn't
be subscribe now and never miss an
episode.
We're doing a series from
this amazing book Five Smooth Stones.
The series is basically
12 of the principles that we
have come up with and that are timeless
(02:29):
actually in
building your financial foundation. And
today's episode, I think we're
#5 yeah, that's what
focus it's an action acronym follow one
course until success that you can see the
letters there. Now,
yes, we're in Foundation 5.
(02:49):
If you missed the 1st 4, you might want
to watch them. They're really great, and
particularly #4 and #5
go really well together like twins.
One thing to think about is this idea of
focus mono tasking like you heard in Carl
's story. It's nothing new, we didn't
make this up, but it is something
that as you get deeper into, you find
(03:10):
there's new layers too. Like
Shrek, like onions. There's
you kind of can get the surface layer,
but if you go deeper, there's often more
wisdom, more truth behind it.
Behind Shrek, right? Like, he talks about
how he's an onion. Oh, gotcha, right. And
donkey's like, smelly and gross. So
whenever he's like, no, I've got layers.
OK, alright,
(03:33):
so here's the thing about Carl's story.
That's me and the friend is Brandon.
That's why I had Brandon read that, that
part of the story. By now, if
you've been watching our episodes, you're
getting to know me, and I'm going to make
that confession. I love doing a lot of
different things. If I had to do the same
(03:53):
thing all the time, I'd get really bored.
I do have habits right beside, in the
last episode, what you habitually do, you
become building habits. Routines, you
know, morning routine, those kind of
things. They're important to me. But if I
had to do that all day long, every day,
I'd get really bored and I would hate my
life. But I
totally also fall into the trap of trying
(04:13):
to do. Too many things. While I love
variety, I don't love a lot,
right? Of things. A huge To Do List
lots of projects I want to get done, but
I often tend to get into that. Can I get
an Amen? I know lots of other people do
that too. I remember one friend a
while back, many years ago called
(04:34):
me Superwoman. Like, for real because she
saw me going from 1 task to another task
and seamlessly like doing all these
things at once. She's like Amanda
Superwoman today. One of the best
compliments I've ever received. Thank you
Janice, if you'd ever seen this.
Multitasking is sometimes necessary,
especially as a mom caregiver, right?But
it's also a kryptonite. Not to mix the
(04:55):
metaphors here, but kryptonite. Yeah.
Liking to do a lot of different things
means I constantly struggle with
overwhelm and having too much to do on my
To Do List and feeling like I can never
get to all of it. In addition to like my
regular test, there's always projects,
but it just gets out of control when it
comes to setting my sights. I have too
many ideas of where I want to go. I try
(05:15):
to track too many things and inspect a
lot of data points to gauge if I'm making
progress. And so on and so forth. And
that's when Brandon steps in and reminds
me of something very important, that
there's always too much to do, there's
always too much to do.
We created this mess. When we're doing
(05:36):
the data points and all of this, even
this YouTube channel and
our videos in the book, it's all amazing
stuff. I mean, I know we we did build it.
However, it's our mess that
we created it. It's our To Do List that.
We are in charge of and as business
owners you know this and and if you
(05:58):
are a business owner put a thumbs up if
you agree here or comments
or both actually. But.
As you go into this, you know as an
entrepreneur you're like, hey, I want to
do this, I want to do this, I want to do
that. And as an entrepreneur, we we get
into all the things
and we don't know how to focus, right?
(06:19):
And that's why the EOS method is, is
building popularity I think. Because
we're, it's teaching us how to focus on
the data points that are important for
your quarterly rock, right? That kind of
thing. Yeah, for sure. And the
part of it too is even if I did get
through all my To Do List, there's other
(06:40):
things that aren't even on my To Do List.
I would quickly replace those things if I
got them off my To Do List. And much
better to pick what is the thing on my To
Do List that I want to focus on now and
if I got done would make all the other
things easier or unnecessary. Thank you.
Gary Keller, author of The One Thing
Before that Special insight. And that's a
great focusing question that he puts in
(07:01):
that book. What is the one thing that by
doing it would make everything else
easier or unnecessary? That's a great
question to come back to. So I've grown a
lot in the area of
multitasking. I try not to check my phone
when I'm working or check e-mail. Almost
all my notifications are actually turned
off on my phone so they don't distract
me. I'm getting better and better making
(07:23):
progress building those habits, you know,
that we talked about last time and but
the world still celebrates multitasking.
And you're right. They still celebrate. I
sent you an e-mail. I gota reply in 10
minutes. Yay. And I'm like, no. If you
need something in 10 minutes, give me a
call, right? See. Or talk to my
assistant, Ben. He's awesome.
But even telling him you don't need to
(07:43):
respond in 10 minutes, yeah, they'll call
if they need a response quickly.
And part of what's made it easier to
transition to those kind of things is
that I've seen the fruit of multitasking,
of actually getting something done.
Because I'm focused on only one thing
rather than I'm trying to do 10 things
then none of them ever get done.
And one of the areas
(08:05):
financially that we've seen the power of
multitasking is with money. And actually,
it's probably seen the fruit there.
That's helped me monotask in other areas
of my life as well. So
let's go back to 2013. If
you have 5 smooth stones, you've read our
journey I'm starting right on page one.
But part of that journey was adopting A
(08:27):
philosophy around money and a particular
financial tool that helped us reach our
sites and is helping us reach our site
still to this day. And we've actually
focused on this tool for
over a decade now. And it's been super
helpful, super great to keep us going,
keep us motivated, keep us building
habits that help us keep enjoying the
(08:49):
adventure of life. It's been there and in
fact this tool now that you know, like
I've actually not now, but as I was
writing in the book, it's like it's
actually a Swiss Army knife. It does a
lot of multitasking so I don't have to
and I can just mono task them. That's one
thing because it has so many different
things that it can do.
And having this methodology though
(09:10):
it's a helped us accomplish way more in
the past 10 plus years than we. Probably
thought possible 10 years ago. Would you
agree? Yeah. It also helped us to build
that again, that that rock thing.
Focusing in on that rock helped
build some stability because as an
entrepreneur and business owner, we do
take risks. We do, you know,
(09:31):
invest a lot of time and effort into
these kind of things here, like the
YouTube. And
to be able to have that foundational
financial asset in place allows us
to risk another areas. Yeah,
going back to the habits from last time
and making small micro adjustments.
We warned you like one of the biggest
(09:53):
things you can try to biggest failures
or ways to fail at changing your habits
is trying to do too many things at once.
Only, you know, change one small thing at
a time. Build up from there, you're more
much more likely to succeed the same.
If you're finding a financial focal
point, you might not
find it tomorrow. It might take some time
(10:13):
to find it and to find a a focal point
worth pursuing. And we would love
to help you do that. Maybe it's the same
one we have, maybe it's something
different. We love exploring with people
and learning more and confirming what is
a great focus from this point in their
financial journey. So we got a special
invitation for you to help to show you
(10:34):
what it would look like to have us come
alongside you and find that focal point.
Ready to take the next step towards
securing your financial future?Whether
you're planning for retirement, saving
for your dream home, or you just want to
(10:54):
make your money work harder for you, the
team at Wealth Wisdom Financial are ready
to assist you. And now it's easier than
ever to see how we might give you a boost
on your financial journey. Schedule a 15
minute discovery call with one of us
today and let's discuss your questions
and your financial goals together. Don't
wait any longer. Your financial freedom
(11:15):
awaits. Schedule your discovery call at
www. wealthwisdomfp
. com/call.
OK. If you would do me a favor, when you
go schedule at Discovery call, go ahead
and go there. Now put focal point
in the notes and so I'll know that's what
(11:36):
you want to talk about when we hop on the
phone. Go ahead. Wealth is an fp. com/
call schedule that with one of us put
focal point or focus something like that
in the notes and we'll know you listen to
this episode and that's what you wanted
to explore. Yeah. And as you're
exploring it again, we love the
banking yourself concept that has helped
us to be able to focus. In
(11:58):
other areas and to build that stable
foundation so we can as we
grow and doing the OS thing is is
growing as a business, as
multiple team members, how are we able to
do more? People will come back to us now
and they're like oh you're not busy and
you're like, well, no, it's because we've
(12:18):
built a good foundation to be able to do
the things. And then they're going to tap
on Amanda's shoulder and say you should
be a a tee ball coach now head T
book ball coach because.
You're, you're, you're not busy. We're
recording this episode well before the
first game, but when this episode comes
out, we'll have played many games and I
(12:39):
will still accept good
thoughts and prayers for me as I go
on this endeavor. Which actually
great segue again, a lot of the
pushback we get when we talk about focus
and finding a financial product that's
worth focusing on for a long period of
time, maybe even 10 years. Is well, what
(13:01):
about diversification and that's what
we're going to talk about next week in
foundation number six, I'm going to just
say I bet diversification doesn't mean
what you think it means. Give you a
little Princess bride there. It's like
what's the the word there?
Inconceivable diversification. I don't
think it means what you think it means.
We're going to talk about that next time.
(13:22):
Be sure to subscribe and you don't miss
that episode and live long and profit
the topics presented in this podcast for
general information only and not for the
purpose of providing legal accounting or
movie or investment invoice in such
matters. Please consult your professional
who knows your specific situation and
your types of movies that you love.
Meet Carl. He's a whirlwind of activity
known as Superman among his friends for
effortlessly juggling numerous tasks. Yet
beneath his facade of productivity
lies a struggle. His love for variety
leads to an overwhelming sense of
busyness, drowning him in to do lists and
projects. Then a friend, almost off the
(00:22):
cuff, offers a simple yet profound
insight. There's always too much to do
Carl. It resonates with Carl becoming
his guiding mantra. He embraces
mono tasking, learning to focus on one
thing at a time. Then he applies
mono tasking to his money in
his financial journey. Carl discovers
(00:43):
clarity by adopting a single tool
aligned with his core philosophies.
Rather than spreading himself too thin,
he focuses and finds peace amidst the
chaos. Through challenges and
triumphs, his focus point becomes his
North Star, guiding him through life's
uncertainties. To those feeling
(01:03):
overwhelmed, Carl's journey offers a
beacon of hope. Find your focus
point, mono task on it for a long
time and let it illuminate your path.
It's not about doing everything, but
about doing what truly matters.
In a world where chaos seems to reign
(01:24):
supreme, where uncertainty lurks around
every corner and financial
markets are now more unpredictable than
ever. There's one place you can turn to
to find clarity and control.
Welcome to the Wealth Wisdom Financial
Podcast. Hey, I'm Brandon. And I'm
Amanda. Join us as we dive deep in the
(01:44):
world of personal and business finance
to assist you in navigating through the
chaos and building the financial future
you deserve. We believe when conventional
financial thinking doesn't get you where
you want to go. You need wealth wisdom.
So if you're ready to take control of
your financial destiny, tune into the
Wealth Wisdom Financial Podcast. Because
(02:07):
in a chaotic world, your money shouldn't
be subscribe now and never miss an
episode.
We're doing a series from
this amazing book Five Smooth Stones.
The series is basically
12 of the principles that we
have come up with and that are timeless
(02:29):
actually in
building your financial foundation. And
today's episode, I think we're
#5 yeah, that's what
focus it's an action acronym follow one
course until success that you can see the
letters there. Now,
yes, we're in Foundation 5.
(02:49):
If you missed the 1st 4, you might want
to watch them. They're really great, and
particularly #4 and #5
go really well together like twins.
One thing to think about is this idea of
focus mono tasking like you heard in Carl
's story. It's nothing new, we didn't
make this up, but it is something
that as you get deeper into, you find
(03:10):
there's new layers too. Like
Shrek, like onions. There's
you kind of can get the surface layer,
but if you go deeper, there's often more
wisdom, more truth behind it.
Behind Shrek, right? Like, he talks about
how he's an onion. Oh, gotcha, right. And
donkey's like, smelly and gross. So
whenever he's like, no, I've got layers.
OK, alright,
(03:33):
so here's the thing about Carl's story.
That's me and the friend is Brandon.
That's why I had Brandon read that, that
part of the story. By now, if
you've been watching our episodes, you're
getting to know me, and I'm going to make
that confession. I love doing a lot of
different things. If I had to do the same
(03:53):
thing all the time, I'd get really bored.
I do have habits right beside, in the
last episode, what you habitually do, you
become building habits. Routines, you
know, morning routine, those kind of
things. They're important to me. But if I
had to do that all day long, every day,
I'd get really bored and I would hate my
life. But I
totally also fall into the trap of trying
(04:13):
to do. Too many things. While I love
variety, I don't love a lot,
right? Of things. A huge To Do List
lots of projects I want to get done, but
I often tend to get into that. Can I get
an Amen? I know lots of other people do
that too. I remember one friend a
while back, many years ago called
(04:34):
me Superwoman. Like, for real because she
saw me going from 1 task to another task
and seamlessly like doing all these
things at once. She's like Amanda
Superwoman today. One of the best
compliments I've ever received. Thank you
Janice, if you'd ever seen this.
Multitasking is sometimes necessary,
especially as a mom caregiver, right?But
it's also a kryptonite. Not to mix the
(04:55):
metaphors here, but kryptonite. Yeah.
Liking to do a lot of different things
means I constantly struggle with
overwhelm and having too much to do on my
To Do List and feeling like I can never
get to all of it. In addition to like my
regular test, there's always projects,
but it just gets out of control when it
comes to setting my sights. I have too
many ideas of where I want to go. I try
(05:15):
to track too many things and inspect a
lot of data points to gauge if I'm making
progress. And so on and so forth. And
that's when Brandon steps in and reminds
me of something very important, that
there's always too much to do, there's
always too much to do.
We created this mess. When we're doing
(05:36):
the data points and all of this, even
this YouTube channel and
our videos in the book, it's all amazing
stuff. I mean, I know we we did build it.
However, it's our mess that
we created it. It's our To Do List that.
We are in charge of and as business
owners you know this and and if you
(05:58):
are a business owner put a thumbs up if
you agree here or comments
or both actually. But.
As you go into this, you know as an
entrepreneur you're like, hey, I want to
do this, I want to do this, I want to do
that. And as an entrepreneur, we we get
into all the things
and we don't know how to focus, right?
(06:19):
And that's why the EOS method is, is
building popularity I think. Because
we're, it's teaching us how to focus on
the data points that are important for
your quarterly rock, right? That kind of
thing. Yeah, for sure. And the
part of it too is even if I did get
through all my To Do List, there's other
(06:40):
things that aren't even on my To Do List.
I would quickly replace those things if I
got them off my To Do List. And much
better to pick what is the thing on my To
Do List that I want to focus on now and
if I got done would make all the other
things easier or unnecessary. Thank you.
Gary Keller, author of The One Thing
Before that Special insight. And that's a
great focusing question that he puts in
(07:01):
that book. What is the one thing that by
doing it would make everything else
easier or unnecessary? That's a great
question to come back to. So I've grown a
lot in the area of
multitasking. I try not to check my phone
when I'm working or check e-mail. Almost
all my notifications are actually turned
off on my phone so they don't distract
me. I'm getting better and better making
(07:23):
progress building those habits, you know,
that we talked about last time and but
the world still celebrates multitasking.
And you're right. They still celebrate. I
sent you an e-mail. I gota reply in 10
minutes. Yay. And I'm like, no. If you
need something in 10 minutes, give me a
call, right? See. Or talk to my
assistant, Ben. He's awesome.
But even telling him you don't need to
(07:43):
respond in 10 minutes, yeah, they'll call
if they need a response quickly.
And part of what's made it easier to
transition to those kind of things is
that I've seen the fruit of multitasking,
of actually getting something done.
Because I'm focused on only one thing
rather than I'm trying to do 10 things
then none of them ever get done.
And one of the areas
(08:05):
financially that we've seen the power of
multitasking is with money. And actually,
it's probably seen the fruit there.
That's helped me monotask in other areas
of my life as well. So
let's go back to 2013. If
you have 5 smooth stones, you've read our
journey I'm starting right on page one.
But part of that journey was adopting A
(08:27):
philosophy around money and a particular
financial tool that helped us reach our
sites and is helping us reach our site
still to this day. And we've actually
focused on this tool for
over a decade now. And it's been super
helpful, super great to keep us going,
keep us motivated, keep us building
habits that help us keep enjoying the
(08:49):
adventure of life. It's been there and in
fact this tool now that you know, like
I've actually not now, but as I was
writing in the book, it's like it's
actually a Swiss Army knife. It does a
lot of multitasking so I don't have to
and I can just mono task them. That's one
thing because it has so many different
things that it can do.
And having this methodology though
(09:10):
it's a helped us accomplish way more in
the past 10 plus years than we. Probably
thought possible 10 years ago. Would you
agree? Yeah. It also helped us to build
that again, that that rock thing.
Focusing in on that rock helped
build some stability because as an
entrepreneur and business owner, we do
take risks. We do, you know,
(09:31):
invest a lot of time and effort into
these kind of things here, like the
YouTube. And
to be able to have that foundational
financial asset in place allows us
to risk another areas. Yeah,
going back to the habits from last time
and making small micro adjustments.
We warned you like one of the biggest
(09:53):
things you can try to biggest failures
or ways to fail at changing your habits
is trying to do too many things at once.
Only, you know, change one small thing at
a time. Build up from there, you're more
much more likely to succeed the same.
If you're finding a financial focal
point, you might not
find it tomorrow. It might take some time
(10:13):
to find it and to find a a focal point
worth pursuing. And we would love
to help you do that. Maybe it's the same
one we have, maybe it's something
different. We love exploring with people
and learning more and confirming what is
a great focus from this point in their
financial journey. So we got a special
invitation for you to help to show you
(10:34):
what it would look like to have us come
alongside you and find that focal point.
Ready to take the next step towards
securing your financial future?Whether
you're planning for retirement, saving
for your dream home, or you just want to
(10:54):
make your money work harder for you, the
team at Wealth Wisdom Financial are ready
to assist you. And now it's easier than
ever to see how we might give you a boost
on your financial journey. Schedule a 15
minute discovery call with one of us
today and let's discuss your questions
and your financial goals together. Don't
wait any longer. Your financial freedom
(11:15):
awaits. Schedule your discovery call at
www. wealthwisdomfp
. com/call.
OK. If you would do me a favor, when you
go schedule at Discovery call, go ahead
and go there. Now put focal point
in the notes and so I'll know that's what
(11:36):
you want to talk about when we hop on the
phone. Go ahead. Wealth is an fp. com/
call schedule that with one of us put
focal point or focus something like that
in the notes and we'll know you listen to
this episode and that's what you wanted
to explore. Yeah. And as you're
exploring it again, we love the
banking yourself concept that has helped
us to be able to focus. In
(11:58):
other areas and to build that stable
foundation so we can as we
grow and doing the OS thing is is
growing as a business, as
multiple team members, how are we able to
do more? People will come back to us now
and they're like oh you're not busy and
you're like, well, no, it's because we've
(12:18):
built a good foundation to be able to do
the things. And then they're going to tap
on Amanda's shoulder and say you should
be a a tee ball coach now head T
book ball coach because.
You're, you're, you're not busy. We're
recording this episode well before the
first game, but when this episode comes
out, we'll have played many games and I
(12:39):
will still accept good
thoughts and prayers for me as I go
on this endeavor. Which actually
great segue again, a lot of the
pushback we get when we talk about focus
and finding a financial product that's
worth focusing on for a long period of
time, maybe even 10 years. Is well, what
(13:01):
about diversification and that's what
we're going to talk about next week in
foundation number six, I'm going to just
say I bet diversification doesn't mean
what you think it means. Give you a
little Princess bride there. It's like
what's the the word there?
Inconceivable diversification. I don't
think it means what you think it means.
We're going to talk about that next time.
(13:22):
Be sure to subscribe and you don't miss
that episode and live long and profit
the topics presented in this podcast for
general information only and not for the
purpose of providing legal accounting or
movie or investment invoice in such
matters. Please consult your professional
who knows your specific situation and
your types of movies that you love.
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Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.