Podcast Ep. 4: Two Types of People

Podcast Ep. 4: Two Types of People

Invest In Your Life Podcast

Two Types of People: Which Are You?

My old friend Shaun used to say, "There are two types of people in the world: talkers and doers". That saying has stuck with me over the years since then. And there's truth to it. A lot of us talk a big game and fail to follow-through. We all are probably both talkers and doers in different parts of our lives.

In this episode, I talk about how to get over the barrier that keeps us stuck in the mode of "talker" and get moving into the mode of being a "doer".

Full Episode Transcription:

00:00  Welcome to the Invest In Your Life Podcast, the show where we explore the connection between personal growth and personal finance. My name is Patrick King, and in each episode, we'll talk about what you can do to live a life that's truly rich. Don't take this the wrong way, but I am not giving you advice. I only give advice to clients who have hired me to be their fiduciary financial advisor. If you're not one of those folks, then just consider this to be helpful tips and information, and be sure to consult with your financial advisor, your attorney, your CPA, your witch doctor, or your mom before you try this at home.

01:02  What's up people? Thank you for joining me today. I've got a great show today. I want to talk to you about the two types of people in the world. Which one are you? Obviously this may be a giant over simplification, but there's some, there's some truth to it. So I'm curious what you think about what we're getting into the two types of people, talkers or doers. Yes. Yeah. Thank you for joining me today. Uh, you are amazing and you deserve to be happy and have financial success. Before we get into it, let's have today's gratitude.

01:48  One thing that I am so grateful for is that we live in the time that we live in. If you think about it, this time in the scope of human history has had the least amount of war, famine. We've had the highest standard of living. We've, we've got knowledge at our fingertips. It really is kind of an amazing time to be alive. Now, I don't, I certainly don't want to short, short play the, the problems that we have because we still, we still have plenty of those. Uh, and we always will. We always will. Um, you know, folks ask me about all the problems that we may or may not have frequently when we talk in context of investments. Wow. Is now the right time, you know, of course over the short term, who knows there there's always going to be problems. And one thing that I point out quite frequently that here in the United States, especially, I don't know if you remember that Fukushima nuclear reactor disaster in Japan.

03:00  That was horrible. And I think that that region is still dealing with the fallout literally and figuratively of that disaster. But when that happened, the stock market's really took a, took a dip. But you know, in the context of our everyday lives, um, we don't, we don't think about that a lot and the markets recovered and life goes on and, and we've still made progress. So I just want to point that out is that, um, there's always going to be problems, but we really live in an amazing time. It's something that I'm certainly grateful for and, um, and I hope you are too. So that's Today's gratitude.

03:50  All right. The topic does, you were there, and this comes from a guy used to work with a guy named Shawn and you know, back years ago, uh, when I was an engineer, you may or may not know this, but I was a mechanical design engineer at one point. Uh, yeah, believe it or not, that's my undergrad degree and a, and he and I would go out on these service calls. We had designed these packaging machines, big packaging machines. It put your soda cans into your fridge packs. And, uh, as you can imagine when you've got, you know, 200 fridge packs rolling off every minute through these machines, that's a lot of soda. And when things go wrong, they go wrong. But I love Sean, like he was fun to go out on these service calls with and he would always say, uh, he would always say this.

04:43 He's like, “Patrick, man, there's two types of people in the world. There's talkers, and there's doers.” And I think we appreciated each other because we saw each other as people who actually take action instead of talking a big game. Um, but I think, you know it's an oversimplification of course, but there's a lot of truth to that. And, and I see it in myself a lot, both, both types of, of people that be in a talker sometimes and being a doer. So I constantly remind myself of that in order to take action. So, uh, so yeah, lots of people talk a big game out there. And I know I've been this person in the past, but it's so easy to get into the habit of getting ready to or preparing to, you know, whether it's starting a business, going to Grad school and get that MBA, getting in shape.

05:42  It's so easy to put it off and wait till you get a little bit more information. Okay. Let me research this a little bit more. Yeah, we prepare but we never start. Right. And I get this a lot, you know, I, I probably let's say one or two, one or two times a month I'm contacted by someone who is thinking about breaking into the a fee only financial planning business or is thinking about starting their own firm. And, and I have to say, not a lot of them actually do it. You know, not a lot of them actually do it. And I love to talk with those people because I was in their shoes, I was in their shoes at one point. Um, but obviously I actually took, took action on that so I'm happy to pay it forward, but actually love it when people follow through and it's the minority of people who actually follow through.

06:42  Uh, so yeah, so when it comes to, uh, getting started, there's a, uh, wonderful technique that was popularized by Mel Robbins. I think she may have come up with it, but, but it's this idea of, of breaking that barrier of activation energy by doing a countdown in your head and go watch her ted talk on this Mel Robbins, Mel Robbins spelled the normal way so she counts down backwards like a, like a rocket launch, five, four, three, two, one go. Whether you're sitting in bed trying not to hit the snooze button or you know, getting up the nerve to go ask that person out, whatever it is, ends up being, having that little countdown can help get over the hump when it comes to that activation energy. Now I find this helpful for myself personally. Whenever I find resistance around getting started on something, doing this little countdown helps, you know, I'm certainly not, you know, preaching to year two.

07:56 You here in your ears telling you that I'm totally immune to this. This is not true, but I'm aware of it. A lot of folks, a lot of times just having the awareness of it helps, but, but you know, and I'm not saying, you know, just go off half-cocked either. If you've got an idea. Sometimes it does make sense to do some planning up until the point that that planning becomes resistance to getting started. You know, at this point in my life, I trust myself to know that I will eventually get started if I've put my mind to something, but I still have to watch it. You know, this podcast is a great example. I kind of thought about it for a long time and then finally I'm like, you know what? Fuck it. I'm, I'm starting. It's time to, it's time to get off the Schneid.

08:44  Let's go. So, uh, so yeah, I started before I was ready and uh, I feel like some of these, like I'm learning as I go. Maybe some of these are a little rough, but it is what it is. Another way to, uh, to think about it. And the first time I heard about this, my personal coach trip linear, he, he turned me onto this from Brian Johnson I think. And I don't know who came up with this first, but the idea is ready, fire, aim, ready, fire, aim instead of ready, aim, fire, ready, fire, aim. That's a good way to just like say, you know what? Screw it, I got to start somewhere. Let's get quick feedback. Let's fail fast and improve. Let's do something that's kind of Shitty and then the next time we'll do it maybe a little bit less shitty. And over time it turns out to be pretty awesome. So that's the idea. So if there's something in your life that you are thinking about doing, it's time to quit being a talker, Tom, to start being a doer. So for you, five, four, three, two, one, go.

09:55  Alright, now it's time for working. Ordering off the menu, working or working is my ordering off the menu topic today. Working virtually, you know, it's becoming more and more common these days, but working virtually is a real option. You know, whether you work in a big company, you know, a lot of these companies out there in Atlanta especially, I don't know about the rest of the u s but they're offering remote working for employees one or two days a week. So if your company isn't offering that, you know, will it hurt to ask you? It's, you know, all they can do is say no. So, uh, you know, more and more people, they don't want to get in the car and drive. One thing I noticed when I worked at my last firm is that, you know, we had free parking in Buckhead, which is kind of rare.

10:50  It's people still didn't want to get in their car and drive 30 to 45 minutes from the suburbs into Buckhead to come meet with me for an hour, hour and a half, and then another 30 minutes to 45 minutes to drive home. And I kind of, Aha, this is crazy. And what's funny since I've started my own firm, I work with clients virtually. In fact, it's something that, uh, that I think people really appreciate and not only are my out of state clients meeting with me over zoom or there are other other platforms, but I prefer zoom. My clients inside Atlanta wants to meet over zoom. I have one client that I met with this quarter who she lives probably two and a half miles away. Like we are geographically not far away. And she wanted to meet over zoom. It was more convenient and that crazy. And uh, I've got another friend who I used to work with and now she works virtually full time and makes more money now using services like upwork than she did when she, uh, when she drove in to the office every day for the place last, last place where we work together.

12:06  And that crazy, it's a weird world that we, uh, that we live in. And so there are plenty of options off the menu. But you know what? This takes some, it takes some discipline to work virtually in a lot of people get distracted by the television or laundry or whatever it is. It takes some discipline, but in, Hey, I'm going to write this down, but, but it discipline offline often equals freedom. Having discipline can give you freedom. That's something maybe I think is not intuitive to a lot of folks, but it's something to think about that's ordering off the menu for two.

12:45  All right. Q and a. Send in your questions. I want to hear from you. What's on your mind? What's stopping you from being successful in life? Yeah. Talked about success in the last episode, your personal definition of success in life and in your finances. What's stopping you? What are your roadblocks? Let me know. Hit me up, Patrick at invest in your life, podcast.com or check out the website and invest in your pod, fs, reinvest in your pocket and invest in your life. podcast.com send me your questions. Would love to hear from you.

13:26  All Right. Time for Pura Vida. Uh, I'm struggling what to come up with and I just got, I'm hungry because I'm doing this weight loss thing and one thing that is on the menu for me is a good grilled steak and I love a good grilled steak. So I through trial and error have come up with a good grilled steak recipe and I want to share it with you real quick. I love this man. It's so delicious. So it starts with finding a good beef tenderloin or filet whatever. Go to your local butcher. Um, you know what? I've actually found the best when we got, we have Publix here in Atlanta and the public's green wise products really have done the best for me. Even better than like going to whole foods or any places like that. Man, they grill up really well. So get some, get some tenderloins, uh, take them out, let them come to at room temperature and, and just season them with sea salt and fresh cracked black pepper and olive oil and just kind of rub that in.

14:33  You may need, you may actually need a little bit more sea salt than you would think because it crusts a little bit. But uh, but yes, season it up, let it come to room temperature and let it sit out for a good half, at least half an hour and then fire up the grill. Let it get up to four 50, maybe even 500, somewhere in that range. And for medium rare on a inch and a quarter thick cut. Do six minutes on the first side and four minutes on the second and you're good to go. Medium rare. That's a Pura Vida for me, y'all. I hope you enjoy that. All right, enough of that.

15:16  All right. Thank you for listening today. Uh, it was a fun episode for me. Talkers and doers hit me up. Let me know if you're guilty of being a big talker and a little bit less of a doer. I know I have in the past. Or where are you having success in and actually getting out and doing the stuff that you say you're going to do? A lot of integrity around walking the talk is that it doubles. It's walking the walk. Shit, one of those things. You know what I'm talking about? Let me know. Hit me up, Patrick at invest in your life, podcast.com thanks again for being here. You are amazing and deserve to be happy. You really do, and I want that for you and if there's some way I can help you or serve you, hit me up. Love you so much. Have a good week and talk soon. Peace. Thank you for joining me today. To find out more and get access to my free financial resources visit. Invest in your life, podcast.com

16:24  The thoughts and opinions expressed here are my own and or for general information only. They are not intended to be recommendations or specific advice for anybody. I'm not a doctor or a licensed therapist, so please consult with your healthcare provider if you have any issues regarding your physical or mental health. Any investment performance that's referenced here is historical and of course has no guarantee of future results. Last but not least, the Easter Bunny is integrated.

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