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Lifestyle

Howling at the Money Storm – “What Is Wealth?”

By Business Coaching Lifestyle Motivation No Comments

Wealth is a funny concept. There are many different ways to view it, so to get one universal definition can be just a little bit difficult.

Although it can be defined as how much you have sitting in the bank, or how well you’re doing financially; it can also extend to your levels of happiness in life, with family, comfort or your lifestyle.

In discovering the meaning of wealth, the last thing you should do is compare yourself to anybody, at all. It’s never fair to compare, as it can be so easy to find people that are far richer than you, living a better life – whether for real, or faking it on Instagram – and who are ultimately happier than you are able to be in the present.

So, How Does Spillly Define Wealth?

Great question!

I know people that many would consider ‘rich’, earning close to R500,000 a month, with the best car and access to almost anything you could ever desire; but find themselves so unhappy and miserable in their personal lives: living life divorced with two kids, with maintenance-bonded houses (some on their 2nd and 3rd properties), cars and assets that they can’t afford, private school bills, parents and siblings that are financially dependent on them.

These are people who are capable of going on over two overseas holidays a year and have lives surrounded by complete luxury, but still live on edge and in constant fear of financial insecurity.

A friend of mine is an example of this, earning a massive salary, owns the latest BMW 3 Series, and loves the extravagant lifestyle; however, as soon as Covid shattered life as we knew it, his business was struggling and he barely had 6 weeks’ worth of cash in the bank to pay for that lifestyle and all of those expenses.

From the outside, these people seem rich, but are certainly not wealthy and lack a certain level of financial freedom in their minds.

In contrast, my mother is almost 70, earns roughly R40k per month and spends around R30k every month on her lifestyle costs (car, rent, medical aid, etc), but her investments and assets give her more than her annuity every month. Her interest and rentals that she gets from her properties cover more than her monthly expenses. She is an example of what I would call wealthy – her monthly burn (expenses) is covered, while making more money than what she spends.

The fallacy is that just being rich results in being wealthy.

I define wealth as passive income greater than your burn. The key is to avoid measuring revenue, but rather the burn – what you spend your money on is just as important as what you earn.

Are you bringing in more than what you spend?

Now, how wealthy do you want to be?

If your answer to that question is to be R100 Million richer in the next 10 years and you’re just an employee, then do yourself a favour and just resign today.

It’s simply not going to happen.

The chances of you succeeding as a business owner are also very low. For the most part, the odds are stacked against you. The stats prove just how few businesses last past 3 years in this day and age, especially in a BEE-regulated, post-covid environment and research has proven that most entrepreneurs have a 1 in 5 chance of succeeding.

You need to be aware of where you are in the world and have realistic expectations. It’s impossible to become an overnight success. It may seem like some may achieve such a feat, but the anecdotes tell you how they’ve been around for many years before that success came knocking.

In order to get to a stage of being wealthy, there are certain measures that need to be taken. This starts with setting a financial goal that relates to savings, or annuity structures that will eventually produce more passive income than what you spend.

Pick a lifestyle that you believe is reasonable and in harmony with what you earn.

Identify how much wealth you need and by when, then work backwards and reverse-engineer those numbers.

I’ve come up with an easy and practical equation to help find the answer to your desired wealth:

If, A = Work;

And, B = Life;

Then, X(t) = Projected Wealth by when.

We have the equation A+B = X(t)

By starting with and setting a number for your wealth and when you want to have it by, you can work backwards to plan A (cash, revenue, savings, investments) and how much B (life balance) you will get out of it.

Plan Ahead to Achieve Your Goals

 Unless your plan is to become an earth-foraging hippy, or live in an Israeli kibbutz ( which I’m sure as hell you aren’t, as you’re here right now), then understanding exactly what you need to do today in order for you to lift yourself up for tomorrow and achieve your financial goals – should be a priority.

While salary is comfort; equity is wealth. 

Always try to find what brings the most equity in your life (investments, assets, etc), try not to focus and rely on the comfort of salary.

As with my theory of work-life balance: put in the hard work now to reap the balance later on in life. Pay close attention to what will bring you a passive income, long after salary has reached its due date.

Plan ahead.

Think it through.

And if you’re feeling a little bit anxious, anxious about where you’re heading and how big your X(t) is, you know how to reach me:

083 253 3999

brent@spillly.com

I promise you: My X(t) isn’t as big as yours.

 

Work-Life Balance – The See-Saw Analogy

By Business Coaching Entrepreneur Lifestyle No Comments

Finding the right balance in work and life can often be quite difficult, especially in this day and age.

With social media platforms like Instagram and Facebook giving us a glimpse into the lives of celebrities that live in complete leisure, or family and friends that are constantly embraced in fun and having a good time, it’s easy to hit the brakes on responsibility and accelerate towards trying to live like royalty.

During a podcast with KungFu Digital’s Chief Excitement Officer, Matt Brown, we briefly touched on the topic of work-life balance and my beliefs on the subject and while I don’t necessarily agree with the approach, or scope of a day-to-day view on the matter, I certainly believe in looking towards the future and the balance you’ll find in your later years if you can manage to put in the energy, focus and hard work during the first half of your life so that you can achieve an easier and far more comfortable life in the future.

 

Like a See-Saw, There’s a Point of Balance 

In my early 20’s, I was honestly making far more money than I actually needed. I felt invincible and like the immortal jellyfish – as if I would live forever.

Working 6.5 days a week for 6 years straight, I had my candle burning at both ends. I pushed through every Christmas and drilled through every New Year’s Day. Working early mornings and late nights, barely seeing the light of day, I worked my hardest and the best that I could. I was pretty much unstoppable.

By the time I was 22, I had paid for a house in the upper suburbs of Parkhurst, possessed 2 German cars and owned a motorbike. While my friends were either at home or still studying, I was hosting extravagant parties to blow the excess cash that I had. I felt rich.

Looking back, I wasted a lot of my hard-earned cash on some pretty ridiculous things and I would have definitely put away some for the future.

However, this did teach me a valuable life-lesson: through focus, hard-work and dedication on my career earlier-on in life, I’ve come to find the right balance in the present.

 

If You Want to be in the Top 1% – Give-up on the Work-Life Balance Myth 

If you imagine a see-saw and put on one side your work and career, and on the other side everything else in life, you can determine the balance. By focusing and pushing down on your career and working hard for the first half of your work-life, you will achieve balance in the 2nd half; if you focus on all the comfort and relaxation on the first half, the 2nd half will leave you with the burden of working your arse off playing catch-up.

Even though you pay the price of the present, you bring forward all of the future pain in order to have more balance and less pain in your later-life. You take on all of the extra responsibility with the promise of a better future.

Successful people (the 1%) have a tendency to carry far more responsibility than others and seek to carry a heavier load on their shoulders, as they instinctively understand the long-term benefits. They tend to become career-obsessed in order to achieve far greater results down the road and go on to enjoy the final chapters of their lives far more.

 

Comparing my Early 20’s to my 40’s 

If I compare my life back then to the life that I have now, there is definitely a noticeable difference in my lifestyle. Yes, I’m older with a lot less hair on my head (okay, not much hair at all) and far more all over my body, but I am more relaxed now and am able to explore new passions, interests and frontiers with the peace-of-mind that I am wealthier than I have ever been.

At 45, I only own one car, one awesome property and plenty of cash in the bank that sustains all of my daily living expenses.

I am far richer now than I was at 22 – even though I have less net assets than I had back then.

In order to have a better understanding of a healthy work-life balance, one needs to understand wealth, as being wealthy is what ultimately gives you true balance in life.

 

Rocket Science? I think Not.

So, if you haven’t already done so, figure out where your priorities lie and give that see-saw a solid ride, decide where to put your time and energy so that you have a far better balance in the future. Push down hard on your work and career, making it your priority.

The harder you work in the present will determine your comfort and ease in the future.

All the comfort, relaxation and wealth awaits you. Just so long as you are willing to take on the responsibility of working hard and to your best ability.

Remember that successful people shoulder more responsibility than others and seek more to shoulder as they instinctively understand the long-term benefits that come with it.

Seriously, it’s not rocket science.

If you’re in need of some direction, just a few pointers on navigating that see-saw: Then do yourself a solid and get together with me for a one-on-one and let’s make some magic!

You can always reach me on 083 253 3999

Or, brent@spillly.com

 

 

 

 

It’s Been One Hell Of A Year, So Stop Punishing Yourself.

By Business Coaching Lifestyle Motivation No Comments

 

So the year is fast approaching its apex and although there is a massive pressure built-up to get as much done as humanly possible in this final stretch – it should be said that it’s okay to start taking it easy and right before tinnitus kicks in, to turn down the volume just a little bit.

We can all agree that this year has been extremely unpredictable, to say the least and (without any lube) it’s taken almost every business for a rough ride; leaving many limping away in shame.

I’m usually one for telling my clients to end the year off on a high note, with high-energy and a force not to be reckoned with, but this time is a little bit different.

It’s been tough. So don’t push yourself to the edge, we’ve made it through one crazy year.

 

Fight, Flight, or Just Chill 

Other than the fact that the year has been emotionally taxing on everyone, dealing with a crisis that nobody could have foreseen, there are numerous reasons to be counting your blessings and taking joy in the fact that you’ve made it this far.

With a barrage of complications putting us on edge, Covid has certainly left behind a rotting and pungent smell.

When Ramaphosa pops up on TV, we’re left with surges of stress and adrenaline – what now? Another lockdown, more regulations? Constantly in a state of uncertainty, we find ourselves causing more harm than good.

In typical situations that call for a fight or flight response, our bodies produce the hormones cortisol and adrenaline. We’re forced to make quick decisions that cause a momentary stress for us and have to deal with the outcome as quickly as possible.

However, this pandemic has forced us on a slow-drip of these stress hormones; giving us short doses every time a new rule, regulation or barrier is presented to us. This cannot be healthy and certainly creates high-levels of discomfort in our psyche.

This slow release of hormones makes us anxious, edgy and hypersensitive (almost like a bunch of crack addicts) which in itself is physically and psychologically draining, taking a hefty toll on our minds and bodies.

We’re certainly not getting enough of the feel-good hormones, serotonin and dopamine, and need to seek out some of that good shit to find some balance amongst the chaos rummaging through our bodies.

That’s why it’s so important to ease off on yourself, a little bit more than usual. Take a bit of a chill pill and relax. I’m not saying drop everything, say “fuck it, I’m done” and walk away. Just don’t be so hard on yourself to reach unrealistic expectations for yourself, or your business.

 

A Three-Phase Plan to Find A Bit Of Solace

In the struggles that businesses are facing, there needs to be some sort of comfort found.

By constantly attempting to seize the day, ‘carpe diem’ acts as an anchor and defence mechanism, instead of a motivator. If I stay as busy as possible, I don’t need to face the guilt and think about all the stress that wants to give me an ass-kicking.

Don’t be trapped by the guilt of being highly productive; being a little bit useless or lazy is OKAY. It doesn’t have to be binary – either keep producing (1), or I’m useless (0).

You’re only human.

Take a little break and think about these three phases to deal with the end-of-year demand:

Phase 1: Is to understand. Become aware of the circumstances and understand the threat to your well-being. We all know that Covid is a huge reason for our current state of stress and this can extend to financial insecurity, guilt and anxiety around what could come next.

Phase 2: Show compassion (to yourself). There’s no better time to take a step back and show a degree of love towards yourself, be compassionate towards the hell that you’ve gone through, at least you can rest assured knowing that you’re not the only one. Give yourself time to rest and recover a little bit. Find the dopamine and serotonin in life to bring back some of that swagger.

Phase 3: Be a little bit fatalistic. I don’t generally believe in fate and prefer knowing that I have control over my circumstances, but it’s important to sometimes go with the flow, instead of trying your hardest to swim upstream. What are you constantly fixating on in your head? Let it go. Not being aware of the future reality that awaits is perfectly okay. It doesn’t serve you to wonder “what if?” rather deal with what is.

A quote by Eckhart Tolle, that certainly resonates with me, “life will always give you the experience that is most helpful for the evolution of your consciousness. How do you know this is the experience that you need? Because this is the experience you are having at the moment,” goes to show that certain things happen for a reason and are meant to shape and mould you into a better person and business-owner at the end of the day.

Being present, living in the moment and finding acceptance of the current circumstances we’re being faced with will bring you far more peace-of-mind, than by needlessly stressing and wondering about what could be.

It’s okay not to over-work yourself over the next few weeks. Don’t push yourself too hard and have the burden of unnecessary pressure on yourself. You’ve done your best.

Focus on the easy high-impact work in the final stretch of the year and don’t bother working too hard on difficult low-impact work that will keep you in a state of crazy.

 

I leave you with this final quote:

We suffer more often in imagination than in reality,” Lucius Annaes Seneca.

 

I’ve been working hard to find inner peace and to be guilt-free in this time of intense change. It can be difficult to ease the mind.

If you’re facing that crunch and have an outpour of stress that your business is suffering, don’t hesitate to contact me. Sometimes it helps to have someone that has your back and understands what you’re going through and that you can talk openly to:

+2783 253 3339

brent@spillly.com

 

 

 

 

Business, Bikes and Breakfast – a Radical Accountability Program. Jo’burg April 2019.

By Business Coaching Lifestyle Mentoring Motivation Motor Bikes Photography No Comments

This month 10 business owners shared insights into their big ambitious business goals and how to start with a strategy to deliver this.

Some of the tools used included a Value Proposition canvas and a customer window matrix.

Unsure what these are? Contact us to find out more brent@spillly.com

All pics with love from Brandon.hinton.jpeg

Are you becoming a Betterman?

By Business Coaching Lifestyle Mentoring Public Speaking No Comments

About a year ago I was fortunate enough to coach Erik Kruger from Betterman and have remained in contact over the past few months, watching his business grow and define its position in the market.

Betterman is a website dedicated to the thinking man. The man who lives with intention. The man who takes action. It’s a gathering place for those who seek influence and those who seek to make an impact in the world.

Under the Betterman umbrella is the Apex Club, an event that happens for dapper men who want to learn about life, entrepreneurship and leaving an impact. Last week I was asked by Erik to tell my story and share knowledge and learnings about my businesses and experiences. It was a pleasure to have 35 men who genuinely cared about the organisation engage with me and each other at the Maxim Lounge in Sandton.

Here are some pics taken during the event, where I was seen in a jacket [a rare thing indeed!]

 

If you are the jealous type, stop reading this now. #SnowClub15

By Lifestyle Motivation Photography No Comments

snow

19 friends on a snowboarding holiday is the stuff dreams are made. Most of us are business owners and love talking about how our businesses are performing and what growth challenges we face from the white slopes of Val Thorens, Saint-Martin-de-Belleville, France.

We are eating, sleeping, partying, working and boarding at the brand new Club Med Val Thorens Sensations resort.

Most of us have been boarding several times but there are a few newbies in the crew who dont know what to expect or even what yellow snow tastes like, yet!

For those people I have prepared a list of essentials that must be packed for this epic trip.

 

For the Skiers:

  1. No one cares.
  2. See point 1 above.
  3. Seriously, why bother.

 

For the Snowboarders:

  1. Snowboard, bindings and snowboard boots. Most of us will be renting gear from Club med so don’t stress too much about this if you don’t have these items.
  2. Goggles.
  3. Sunglasses.
  4. Helmet – you can also rent this from Club Med.
  5. Jacket (waterproof).
  6. Pants (waterproof).
  7. Gloves (waterproof).
  8. Gloves for the evening – its cold walking back to the hotel after a few beers!
  9. Now these are not the @Nicharrystyle socks, but proper thick socks specifically made for snowboarding.
  10. Beanies, neck warmers and buffs.
  11. Wrist guards, knee guards, bum guards and condoms. Trust me on the bumguards.
  12. Pain medication and anti inflammatories. Take some Deep Heat rub too.
  13. Rehydrate sachets.
  14. Sunscreen.
  15. Lip balm with SPF.
  16. Contact lenses for the non 20-20 blind folk.
  17. Chargers for all the tech you need.
  18. Camera lenses for your iPhone.
  19. Spare memory cards for your cameras.
  20. A swimming costume for the jacuzzi. READ: NO SPEEDOS.
  21. Some loose fitting clothing for yoga after the day is done.
  22. You WON’T need a shovel or GPS location finder gizmo. None of us are that good that we will be hitting the back country slopes.
  23. Don’t bring casual shoes that will be damaged if they get wet like your blue suede shoes.
  24. A cheap watch because you will bang your wrists about and that TAG will be worthless.

 

You will only need a few t-shirts and long sleeve t-shirts for the day under your jacket and then a few warm items for the evenings.

Pack light – you will use less clothing than you think.

Follow the trip on Instagram and Twitter #SnowClub15

If you have any other suggestions please feel free to comment below or hit up Club Med on Twitter!