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No B.S. Friday: Slaying energy vampires…

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I haven’t been taking enough care with the company I keep. I need to follow this advice.

Be careful who you share your soul with.

Not everyone is going to get it. 

Not everyone is going to see the vision you have. Not everyone will be able to see it all coming together, you – in the full richness of your life, your dreams taking shape in the wake of your hands. 

Not everyone is going to be able to see that. 

They will say your crazy. An idealist. A dreamer.

I’ve heard it all before. 

And not everyone is going to be able to support you in your dreams, even if they can see what you are trying to create. 

To many people, your success is scary. It’s a challenge to the victimhood stories they are telling themselves – the mythology of a horrible universe where there’s never enough and there’s no possible way to succeed. 

People need those stories. Otherwise they’d be forced to take responsibility and forced to take action. 

They’d much rather see you fail. They’d much rather talk you out of your dreams than actually have to do anything with their lives. 

You don’t need that. 

I really mean that, you don’t need that in your life. Nobody does. 

And you know who they are. It’s like they pull a plug in your belly, and your energy just drains away whenever they are around. 

Keep these people at a distance. Don’t share your soul with them. Don’t invite them into your inner world. 

You have enough on your plate with your own fears, your own insecurities, your own doubts. 

You already have the fight of your life on your hands. You need every ounce of energy you can muster. 

There’s no room for energy vampires. Keep them at a distance.

And careful the company you keep. 

What happens when Hong Kong burns?

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Hong Kong is getting hot. Where does it end?

I am genuinely worried for the people of Hong Kong.

Right now there is a movement happening. Millions took to the streets over the weekend. The protest is now in its third month and is showing no signs of slowing down.

This isn’t a flash in the pan. This is a sustained drive. This is the stuff that revolutions are made of.

But this doesn’t end in revolution.

When I think it through, I’m struggling to think of many scenarios that don’t end in a blood-bath of one description or another.

So far China is being restrained. They’re clearly not happy with what’s happening in Hong Kong, but so far the tanks have stayed home.

And people are saying that China will be unwilling to use force. That they don’t want the international condemnation that will bring – the potential sanctions, the diplomatic isolation.

And that’s true. But only to a point.

Because the Chinese Communist Party is being pushed into a corner where its very existence is threatened.

That’s the thing about one-party states. Rule is absolute or its not.

Protestors are pushing for democratic reform. Democratic reform and one-party states are just not compatible.

If China gives in to the protestors and allows even token concessions to democratic participation, where does that leave every other region under China’s control. Taiwan? Within the Chinese mainland?

And do you let people believe that collective protest actually works – that you can actually win democratic concessions from the government that way?

Where does that leave you? Over a billion people who are no longer happy with being subjects in a Big Brother state, who now feel that protest is a good way to get what they want?

Yeah, nah, that’s not happening.

And it sounds like China is controlling the narrative within its borders. State media portrays the protestors as a lawless rabble, spurred on by foreign forces and willing to resort to violence.

But Hong Kong isn’t some far-flung interior province that no-one cares about. Everyone knows about Hong Kong. If the shiz goes down in Hong Kong, it’s going to be hard to control that message for long.

And so this isn’t about who controls Hong Kong, or how much democratic freedom Hong Kong does or doesn’t have.

This is now about the survival of the Chinese Communist Party as we know it. This is about whether their rule remains absolute, or quickly begins to disintegrate.

And what happens if the CCP is forced to choose between becoming an international pariah for a generation, or ceasing to exist?

My bet is they chose the pariah option.

… as sad and as gruesome as that’s probably going to be.

And this will change everything.

For the past twenty years the rise of China has been one of the dominant investing themes. It drove the resources boom here in Australia. It’s driven wage and consumer price deflation around the world.

And it’s all about to change.

In time, this shifting of the global economic order will create opportunities. I’ll write more about that another time.

But not today. Today I’m worried for the people of Hong Kong.

And I’m just praying that it works itself out peacefully.

JG

No B.S. Friday: Love the cold.

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Exactly. No point crying about it. If you don’t think you have a choice you need to see this. 

I was on a ferry from the Greek mainland out to one of the islands, and I ended up chatting to a Norwegian fellow. He said that he loved ice-fishing – it was one of his favourite things to do.

Personally, I couldn’t imagine anything worse. Out in the freezing cold, standing on a big block of ice, just waiting around for hours and hours, like a penguin at a bus-stop.

It would drive me mental. 

But you know, I try to keep it polite. 

“Sounds like fun,” I say. “But how do you handle the cold?”

He says, “It’s not so bad. When I was young, maybe 4 or 5, my father took me ice-fishing. It was freezing. I started to cry but my father said, ‘look, you’re here now. You can either spend the whole day crying about it, or you can learn to love the cold. You’ve got a choice. You can either choose to be miserable, or chose to love the cold.’ And so that’s what we did. We just learned to love the cold.”

To me this is life in a nut shell. 

Existence is suffering. You have a body that breaks down and eventually wobbles its way into poor eyesight and wetting your pants. You have more dreams than can ever be realised, and you heart will be broken again and again and again. 

Life is suffering. The world is a hard place. 

But look, you’re here now. You can spend your whole life crying about it if you want to – how you’ve had to suffer from this or that, been on the receiving end of this or that injustice, seen your love ones betray you and pawn your antique golf clubs to buy breast implants. 

We’ve all been there. 

If you wanted to spend the rest of your days having a massive sook, you’d have every excuse. 

I give you permission. 

But is that what you really want to do?

Because you have a choice.

You can choose to accept the suffering that is your lot, and just see it as the entry price to Amusement Park Earth. 

That’s what I do. 

You can just choose to see every sling and every arrow and just another experience, another pattern in the rich tapestry of life.

Scars are the consequence of a life well lived. 

You can choose to take every blow that’s coming to you, and just have a flipping good old time anyway. To dance and laugh and live fully. 

That choice is yours. 

So what’s it going to be, penguin?

No B.S. Friday: DON’T GO BACK TO SLEEP!

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He’s right. Sleep is easier. No wonder so many people are into it.

What’s the first thing that happens when you wake up?

You probably feel grumpy, disorientated. Maybe you’re angry at whatever it was that woke you up – your partner, your alarm clock.

You were in a lovely dream-world. You were at rest. The needy demands of your body were quiet.

But now you’re awake. And now they’re here, at full volume – the ache in the back, the knees, the hunger, the feelings of inadequacy…

…the listlessness around your ankles like lead.

Things were better when you were asleep weren’t they?

Growing up is a journey of a 1000 waking ups.

At every stage of our growth, we have to wake up into a new way of being, a new understanding of the world.

We must wake up and realise that our parents don’t control the world and can’t protect us from everything.

We must wake up and realise that we are not the centre of the universe and we have to work hard and support ourselves like everyone else.

We must wake up and see that ideals like justice, fairness, reason – the world has a passing commitment to these at best, and it’s nothing less than a miracle that the human race keeps it shit together at all.

And then there is the greater waking up…

But each time we wake up, it’s the same. We’re disorientated and agitated. We’re angry at whatever woke us up. We long to go back to sleep.

It’s not easy. It’s why some many people choose sleep…

… their whole lives.

But if you are seeing this video, then you are probably walking the path of courage. I congratulate you for that.

And I wish you strength, because sleep is a lot easier than what you’ve got in store for you.

And I wish you a good sense of humour, because everything is about to start looking pretty odd.

And I wish you companionship, because it can be lonely too.

But you’re not alone. There are many people doing the best they can to live courageously and consciously.  Cherish them when you find them.

But this above all, don’t go back to sleep.

When the alarm clock in your soul starts ringing, answer.

… however hard it feels.

No B.S. Friday: THE TRUTH: It’s no an accident

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I’d never noticed before but he’s right. They’re using pity to control us.

The world has a massive double standard.

And it’s the difference in the reaction we get when we celebrate ourselves, and when we feel sorry for ourselves.

Imagine two scenarios.

In the first, you’re standing on the seats at the train station, pumping your chest like some kind of Conan the barbarian, singing your own praises.

“I am really good at my job. I am dependable friend. I am a loving and attentive father and I have nicely defined calf muscles.”

You’ll probably get locked up, right?

Now imagine you’re at the train station again, but you’re complaining about how hard your life is.

“My back is continually sore. My children never call me. I’m behind on my mortgage repayments and I can’t eat muffins any more because they give me gas.”

What happens? Probably nothing, right? It’s actually pretty normal.

We live in a world where self-pity and feeling sorry for yourself is totally normal, but feeling great about yourself and outwardly celebrating yourself is treated as strange, almost pathologic.

That’s an interesting double standard, right?

But let me ask you this. Which one of these is more useful to you – which one puts you in a better state of mind, is more attractive to be around, and helps you get more done with your days?

Self-worth or self-pity?

And let me also ask you which one is more useful to the powers that be? Which one makes you demotivated and compliant, de-energised and cynical, disempowered and apathetic?

Which one makes you a better cog in the machine?

Self-worth or self-pity?

This double-standard is not an accident.

You are not here to be small and I don’t want to hear you complaining about how hard your life is. Don’t give in like that.

Create a discipline around celebrating yourself – around recognising your strengths and allowing yourself to just feel good about yourself.

It’s a simple act.

But it’s one of the most revolutionary things we can do.

No B.S. Friday: Right and Wrong? IT’S ALL A LIE!

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Ha! He just flipped this old philosophical problem on its head!

There’s a popular thought experiment in philosophy called ‘The Trolley Problem’.

Basically, a rail car is hurtling down a track, on course to kill 5 people. You have the power to switch it on to another track, where it will only kill one person. Should you do it? Should you kill one to save five?

What is the ‘right’ thing to do?

The trolley problem first surfaced back in 1905.

And we’re still talking about it.

More than 100 years later, philosophers are still debating it, writing endless essays and journal articles on all the nuances of moral obligation.

It’s been going on for so long that the Trolley Problem even has its own Facebook group!

And this isn’t just a thought experiment to entertain scholars. Soon, autonomous vehicles will be everywhere. What do we tell them to do if given the choice between ploughing into a school bus or swerving on to the curb and killing a pedestrian?

Someone’s got to program that.

For me, I think the reason why the trolley problem is so hard is because we’re making the job too difficult for ourselves at the get go. We start with the assumption that there is a ‘right’ and a ‘wrong’ thing to do.

Right and wrong only exist in abstraction. Like in maths. 2 + 2 = 4 is ‘right’. 2 + 2 = 7 is ‘wrong’.

But the world is not abstract. The world is complex. So this need we have to cling to simple ideas of right and wrong is like trying to cram a square peg into a round hole.

It says more about our inability to deal with complexity than it does about our wonky moral compasses.

And the tragedy is that we bring this need for simplicity into our daily decisions. What is the right thing to study? What is the right career to choose? What is the right way to invest?

Who should I marry?

There’s no right or wrong answer here because, in reality, these aren’t right or wrong questions.

They are complex. They can be considered from different, sometimes competing perspectives, you rarely have all the information that is relevant, and you often don’t know what you would actually prefer if you really got down to it.

You just don’t know yourself that well.

It’s just complex, and you can bend your head if you spend too long trying to figure it out. And you can waste precious years if you spend too long trying to figure it out.

Such a waste.

What I think it means is that we’ve got to be ok with just doing the best we can.

Do some research, but then just pick your career, pick your investments, pick your partner, and just make it work.

This is where the living is – in just making it work.

And this is where the richness of life is – in the bewildering complexity of life, feeling yourself bundled along by forces much greater than yourself.

So let go of your attachment to right and wrong, it doesn’t serve you, and step into a state of action-driven wonder.

Party? They’ve got no idea what’s coming

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This economist reckons the housing party has already started.
That’s not even the half of it.

Did you get your invite to the house price party?

It’s going to be sik. House prices’ parents are away for the weekend and it’s gonna go off.

Hang on… wait. What do you mean it’s ‘already started’?

That’s a question for the Australian Financial Review’s economist Christopher Joye. He is one of the best in the game. And last week he reckons everyone is being too pessimistic, and that, actually, “the housing party is just getting started”:

“House prices are climbing again in some areas with Melbourne home values up 0.1 percent in June in what is the first capital gain the city has recorded since November 2017. 

According to CoreLogic, Sydney has also experienced its best monthly result (-0.1 percent) since July 2017 while the overall five capital city index is similarly signaling the correction is coming to an end.

This confirms our April 2019 forecast that the housing downturn would end if the Reserve Bank of Australia cut rates and we retain our May projection that national prices will climb 5 to 10 percent over the 12 months following the second RBA rate cut. 

The bottom line is that with more cuts coming, and APRA yet to reduce its 7 percent serviceability test, the housing party is just getting started.

This is pretty similar to what I’ve been saying for a while now, though perhaps I haven’t stuck my head out quite so far.

I still think we could see things be fairly flat through to the end of the year.

But there’s not much point quibbling about the timing. Joye sees what I see. The market cycle has clearly turned. Momentum is with house prices now.

The other thing that Joye flags is something else I’ve pointed to: banks find it tougher in an ultra-low interest rate environment. It squeezes their profit margins and they make less money.
 
And that means that as the RBA drives interest rates towards their lower bound of 0.5%, the banks will find it increasingly hard to go with them. They’ll have to hang on to more and more of each cut.
 
… meaning that each time, the RBA gets less and less bang for their buck.
 
It is, as a result, plausible that the RBA gets less than two-thirds of the lending rate reductions it would normally expect from a brace of standard cuts.
 
…That immediately introduces the need for a third cut, which may be why financial markets are pricing one in by the end of the year. The problem, of course, is that the RBA will get even less pass-through at that time, perhaps as little as 5 to 10 basis points.
 
…This presumably explains why RBA governor Phil Lowe is suddenly talking about the “limits of monetary policy” and expressing a desire to see fiscal policy furnish more support. 
 
Yep. The limits of monetary policy. Interest rates can only go so low. After that, you’re into unfamiliar territory for Australia. We never saw the money printing that happened in America and Europe.
 
But it will be our turn soon. The political capital is building for this kind of spending spree.
 
(I've written about this before too.)
 
So it will be rate cuts followed by helicopter money that sloshes straight into asset prices.
 
The ones who saw this coming in America made a Motza.
 
Now it’s our turn.

No BS Friday: Before you make a decision

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Do you wonder why you make bad decisions? This is the answer.

Have you ever made a bad decision?

That’s ok, everyone has.

But do you know why you made a bad decision?

That’s a really interesting question.

A lot of people look back at the really bad calls they made in life and they’re like, “Wow. What was I thinking? I don’t even know why I did that.”

I reckon the answer often comes down to stress.

Stress is an epidemic. Most of us are stressed out of our eyeballs and we don’t even realise it.

But you can’t make good decisions when you’re stressed.

Because when you’re stressed, your fight or flight modes are activated. You’re on edge, in a situation you want to get out of, either by punching your way through or turning on your heels and running for it.

And that means you are looking for an immediate solution.

But what if the problem doesn’t require an immediate solution? What if the problem requires a considered response and a carefully chosen strategy, diligently executed?

No! No time for that. I’m stressed. Just get me out of here.

And so we’ll back long-shots and crazy plans. Or we’ll burn bridges with people that shouldn’t be burned. We rush it just because we want to get away from the discomfort of our current reality.

Psychologists call it ‘The Hail-Mary bias’.

And it affects all us… when we’re stressed.

And we’re all stressed.

So if you want to set yourself apart from the pack, give yourself an edge, learn how to de-stress yourself before you make decisions… or before you do anything really.

I don’t care how you do it. Meditation, running, snorting incense… whatever works for you.

But if you can make decisions from a clear and calm centre, you will totally change the trajectory of your life.

And you will live a life that most others could only dream of.

More than 1 way (9 in fact)

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Real estate is my favourite way to make money.

There’s so many ways to do it.

Sure, there’s buy and hold. But there’s a lot which are faster.

And make you a lot more money.

The trick is finding a way which suits YOU!

Do you have a lot of time or not much at all?

Do you know a hammer from a mallet, or does Bunnings confuse you?

Are you a stay-at-home mum with a bit of tenacity?

What about making deals … sound like fun?

What about staying at home and researching the market?

Do you have a deposit or don’t you?

Could you get a loan or would you get knocked back?

Listen, this is the great thing about real estate.

Once you know all the ways you can make money your eyes open to a whole new world.

Jason Byron is running free online training at the moment.

And he is sharing 9 different ways to make money.

And there’s at least one way to make serious money no matter how you answered the questions.

One lets you make a bare minimum of $20,000 in about 4 weeks.

And at the other end of the scale, a couple of these can net you over $400,000.

It’s all up to you.

Jason’s training is like a smorgasbord of ideas.

Choose the one which whets your appetite.

Then dive on in.

No BS Friday: You are at war

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You are at war. 

Make no mistake about that. You are at war, and if you want to achieve your full potential – to live the rich and beautiful life you know is possible, then you have to fight. 

Nothing will be handed to you on a platter. Your enemy is strong and clever. Your enemy is cunning and ruthless. 

But this is the thing. The war is not out there. It’s in here. 

And the enemy is not out there. The enemy is you. 

Success has nothing to do with conquering the world. That’s just nothing but logistics. 

Success is about conquering yourself – conquering lazy, conquering timid, conquering pitiful. 

And it sounds easy until you actually meet that enemy in the field. And you see how tricky they are. You see how relentless they are. 

And you see how, just as you stand on the cusp of your achieving everything you’ve been fighting for, your own mind will come from behind you, and drive rusty blades into your hamstrings. 

And as you watch everything you’ve built go up in flames around you, you must face this bitter truth as well – that it was your own mind who betrayed you. That you have no one to blame but yourself. 

This is hard. Bitterly hard. And it’s why so much human potential goes unfulfilled. 

And so the first battle you must win is with your own mind. Minds are truly marvelous machines, but you have to take control. Submit to the disciplines and the practices that will give you this control, whatever they are. 

Because if you win this battle here, the war is yours. From that point on, success is nothing more than arranging pieces on a board. 

Go within. And slay the enemy you find sleeping there.