It's Not About How Hard You Work, It's About How Hard You Are To Replace

What’s up everyone and welcome back! I hope you are all having an awesome summer. This month's newsletter is going to be a little shorter but hit on a really important topic in my mind that was sparked from this tweet from Ben Kelly.?

So many people have this wrong. They think that working long hours or appearing to be the hardest worker is what leads to career success, but that’s not the case. We live in a new world. Most of your success is going to come down to how hard you are to replace. You could work 10 hours a week but be so valuable that a company would pay you hundreds of thousands of dollars just to keep you around. This is why focusing on 1 or 2 areas and becoming an expert is your best path in your 20’s and 30’s!?

Specialist > generalist?

Subject matter expert in 1 or 2 areas > Being pretty good at everything?

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Term of the month

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Best Articles and learning from this month?

Investopedia 100 Top Advisors of 2022

This is the holy grail of top advisor lists and somehow, Treyton and I both were named to it this year. Not many companies have 2 advisors on the list, I think we are 1 of 2!?

34 Ways to Make Money as a Creator (with Examples)

Such a valuable resource created by Treyton! If you are looking for more ways to generate income, this is an awesome resource to check out!

The Psychology of Money Summary

This book by Morgan Housel is my favorite personal finance book I have ever read. Check out this summary and then go buy his book. You will not regret it.?

Reality Catches Up

“An asset you don’t deserve can quickly become a liability. Maybe your portfolio surged during a bubble, your company hit a monster valuation, or you negotiated a salary that exceeds your ability. It feels great at the time. But reality eventually catches up, and demands repayment in equal proportion to your delusions – plus interest. These debts are easy to ignore because they are often repaid in the form of self-doubt and crushed morale. But they are very real, and when you understand their power you become careful what you wish for. Companies should want the valuation they deserve, and not a penny more. Workers should want a salary that matches their skill, and nothing more. Families should want a lifestyle they can sustain, and nothing higher.

None of those are about settling or giving up. It’s about avoiding a certain kind of psychological debt that comes due when reality catches up.”

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A Few Takeaways For The Month

1. The best thing you can do for everyone around you is work on yourself. They deserve the best version of you!?
2. Take a minute to see how you have been spending. Is it aligned with what you actually value or not? Most people’s budgets have inflated a ton over the past 6 months, it may be time to find ways to cut spending if you are falling behind. But remember, there is only so much room to cut. Find ways to also increase your income!

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This month on The Long Game?

8 Mind Blowing Stats Around Personal Finance and Investing That Will Change How You Handle Your Own Finances

11 Financial Numbers You Need To Know as a Creator/Solopreneur

My Top Pieces Of Content For Millennials

What To Focus On In Your 20’s

What To Focus On In Your 30’s

The Long Game Podcast - How Psychology & Behaviors Affect How We Manage Our Money With Brendan Frazier

Youtube Video - 7 Signs It’s Time To Hire a Financial Advisor

Youtube Video - 8 Steps To Set Up Your Family For Success

Youtube Video - 15 vs 30 Year Mortgage