Musings Episode 86: Give Back…

Hope everyone’s having a great weekend.

Let’s just get started.

Musings Episode 86: Give Back…

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This week’s had me thinking about some things…

Last week, I wrote about ego.

This week, I wanted to expand on that but change the tempo a little.

I managed to watch The Philadelphia Story over the weekend. A favourite of mine but something I haven’t seen in a while…and something hit me.

We live in a world where a lot’s going on right now.

Not to say that every generation hasn’t – but let’s stop sugar coating – humans on autopilot have a habit of continually reaching all time lows before redeeming themselves by remembering to be “human” again.

Generally, it’s a few shitty people that make things worse for the less shitty ones.

We’ve got the shitty ones trying to shift things right now.

When it comes to this thing called life and living it, our chosen currency is a bunch of IOUs – fiat currency.

Everyone works for it, whether you’re working for someone or having someone work for you.

Entrepreneurs put in work early so they don’t have to later, or work outside of work while still being employed.

People who work as employees that don’t choose the route of an entrepreneur put in a lot of hours to build an entrepreneur’s dream.

To the entrepreneurs reading this, let that last one sink in for a minute.

If you’ve got employees working for you, who believe in you, who give value in their work and don’t shirk their responsibilities, who don’t mind building your dream, and are perfectly content with just collecting a cheque every couple of weeks or every month, it’s important to remember that they, too, have lives.

While some may not have the balls to learn to say “no,” don’t be a douchebag and work them around the clock.

Like I mentioned in an earlier post, employees are a flock of sheep, while entrepreneurs are wolves.

Both the wolf and the sheep rely on being fed, albeit in two different ways.

But entrepreneurs whose entrepreneurial pursuits require employees on a large structured scale (like a company)…well they kind of turn into shepherds.

If you’ve got employees, or a business that isn’t automated or built off royalties, you can be one of two types of shepherds.

The one that looks at their sheep like they’re there to sustain you – by providing wool, milk, and cheese.

Or you can just look at them like they’re dispensable and ready to be slaughtered at any given time for meat.

The latter way of thinking will feed you, but only for a brief period.

While the former will feed you, clothe you, and take care of you long-term – contingent on the fact you take care of them, assuring no harm comes to them that’s not self-inflicted.

You can see where I’m going with this.

If you’re going to be an entrepreneur, don’t be a dick.

Remember to give back, while building your dream.

Because ultimately, it’s your employees that help sustain you.

If you’re an entrepreneur without employees, still remember to give back to your customers/consumers, while building your dream.

Don’t always look for people to buy what you’re selling, but remember to throw in some freebies that provide value, here and there, on a consistent basis.

I think this is important.

While I’m not religious, I will say this is kind of like a sort of tithe – not to a church, but to the people who are taking the time out to take interest in what you have to say, do, sell.

This is especially true just starting out, but also important to remember to continue when you reach the success you want.

Don’t just run around asking people to pay attention to what you have going on – take interest in them too.

Social media is ironically not very social anymore.

You’ve got more businesses running around liking other businesses’ stuff just to try to promote their own products.

It’s one of the reasons why I made my social media accounts private for some time.

It gets boring having people write asking you to promote their brand – with no consideration of reciprocation or perhaps actually liking what it is you’re doing.

The world needs more collaboration – not favour asking.

Collaboration unlocks the potential to lead to genuine engagement – not forced.

This is especially the case when it comes to business to business, but even more so when it comes to employers with their employees.

Collaborate with your employees, especially with the ones who really show good work ethic – make sure their needs are being met just as much as yours. Make sure you’re giving them work-life balance.

And when I say work ethic, I don’t mean the ones that are constantly staying at the office late or there early – that’s not work ethic, that’s just putting their life into the company.

Stop the bad habit by disallowing them to do this.

And don’t think you can compensate them by making your office more “fun”.

Outside of work they have lives too – remind them of it.

This culture of busyness has everything all screwed up.

It used to be a sign of wealth when people had time to live their lives – now it seems like he who has the least time is most successful – don’t kid yourself.

You’re robbing yourself of life when you do this if you’re an employee, and you’re robbing your employees of their lives when you make them do this if you’re an employer.

Employees have to start recognising their value, and employers have to start respecting that value.

One more important thing.

If you’re an entrepreneur and you see you have employees who are entrepreneurial minded like yourself, don’t covet them; don’t hold them back; don’t refuse to hire them; and don’t fire them, if you see that one day they’ll leave your company.

As long as a currency system exists, everyone needs money.

Give them a chance to build their life, the way they want to, just as someone gave you a chance.

And when someone’s ready to leave your employment, let them, without malice or hatred – in the words of Enchiridion, we own nothing – and especially no one – in this world.

Appreciate the value they’ve provided you, then when they feel it’s their time to grow as a person, let them, and wish them well when they move on.

Give back.

Give back to your customers, your employees, your business partners you ask to collaborate with you.

The same can be applied outside the context of business.

Give back – to your friends, your family, the stranger that holds the door open for you, the person that says thanks, and the cashier that smiles and says hello when you go for groceries.

Don’t let your ego take over.

Give back by not being a dick – give back by being a decent human being.

As always…

Stay awesome.

– Rego

Improve Your Lifestyle. Improve Yourself. This is Life. This is Rego’s Life.™

Musings Episode 86: Give Back… is a post from and appeared first on Rego’s Life

Musings Episode 8: Self-employment, Investing, and Commodities

So this weekend a couple of buddies of mine and I talked finance over a Sunday lunch, and this is what we came up with.

Why is it…that self-employed people don’t think to invest in commodities? Or even currency trade?

Forget stocks, bonds, and all that other junk. Well…option buying with stocks isn’t too bad, but that’s another story, another time.

The reason why I’m focusing on currency trade and commodities, is, well…because they both make absolute sense in today’s time. Commodities, more than currency trade by far.

Why?

Well, think pre-fiat currency. Before paper money, many bartered – with either silver, gold, copper, iron, you name it.

Back then, this could even be considered being a fucking millionaire.

Back then, this could even be considered being a fucking millionaire…

The Aztecs form of currency was cacao bean.

....and that better be a thoroughbred.

….and that better be a thoroughbred.

The trades we often forget about today brought in great profit if you knew what you were doing and knew what you were looking for.

Fur trade, carpentry, sewing, and every material that was required to make these things possible – all things that we take for granted today, were valued highly and well known with our ancestors.

...especially this guy. This guy was a god. Assassin and Native American

…especially this guy. Though non-existent, this guy was a god. Assassin and Native American.

Now, when we go to pick up milk in a grocery store (coconut milk for me), most of us don’t even think about how many coconuts it took to make it.

The bottome line is…many of these services, from making clothing (unless you wear polyester) to the pack of (certain) chewing gum you’re constantly smacking on, all require basic things from nature – aka commodities.

Getting back to my point, investments are so much more than stocks, bonds, 401ks, and savings accounts (HA…haha….ha)…those are the outdated ways of making extra money. Either high risk and little return (if you don’t know what you’re doing), or slow risk and break even return (by the time you compare inflation with it).

Look Timmy...you made a whole .0032549498 cents!

Look Timmy…you made a whole .0032549498 cents!

You wanna talk recession proof? Depression proof? End of paper currency oh shiz it’s the end of the world proof? Start investing in solid investments – things that humanity can’t live without.

Filtered clean water.

Food items, whether you’re vegan, vegetarian, or omnivorous.

Crude oil.

Natural Gas.

Copper.

Cotton.

Timber.

Think up any basic thing that you put on, eat, drink, write on, or consume, think what it’s made from, and you’ve got yourself a solid market to invest in.

And currency? Ha…the currency we have to day is a joke – but for the time being it still buys and allows us to invest in all these stable things….

….and we can invest in REAL currency such as precious metals, while the getting is good.

212984-gold-and-silver

Everyday, I wear around my neck a silver chain necklace I’ve had in my possession for over 10 years. 10 years ago, it was valued at $30.

Present day, it’s valued at almost triple that.

I remember walking into a Jeweler’s in England back in ’09. Doing some light holiday shopping, I thought I’d buy a bracelet of equal weight to complement it. The bracelet was quoted at double what I paid for the necklace – but half in size.

How’s that for an obvious statement.

I remember writing a 20 minute critical commentary, including powerpoint presentation concerning China and it’s global effect. I decided to center the commentary around China and commodities, and if the boom would become an eventual bust.

Ahh, Shanghai…

2 months later back on my way to the U.K. I picked up a Financial Times paper before getting on a departing flight from Seoul, South Korea. My evaluation, and prediction, stared at me in the face within an article in that same paper concerning that exact subject.

Speaking honestly – university wasn’t an education for me…God no. It was academia, and business thinking was far from expected. No, that was, “after uni.” Any time before that, many times you were considered unusual or “idiosyncratic,” one of my lectures not so fondly said of me.

No, instead, university was something I partook of as an experiment, to see if what I’d learned from the real world was actually applicable, and really, if I’d learnt anything at all.

And I did.

Plain and simple I did.

And I learnt it well.

What I realise is, in all the academic training we receive from colleges or universities, people are rarely ever taught in most courses or modules the truth. They’re instructed how to follow – never to lead. They’re instructed to regurgitate information from a book – but rarely to state their own opinions without always referring back to some scholarly person.

mistakes-when-filing-for-financial-aid

Academia…the second best business to get into next to religion.

So when people become employed, and they choose to branch off into self-employment or any form of independent business practice such as starting their own company, most often the “employee” minded thinking never quite leaves them. The inside-the-box thinking stays with them.

And really, it doesn’t take much to think outside the box about commodities. If you just think, “back to basics,” you’ll realize there are a plethora of lucrative business opportunities and investments, just by thinking of the simple things.

But for now, I both want, and need, all of you to understand that following the mass majority way of thinking is old and dated. People like Tim Ferriss – the man well known for being part of the new rich, and though older and more classic, Robert Kiyosaki – heck, even Donald Trump, as much as I don’t always agree with him – are on the right track.

Do you know why? Because they rarely, if ever, reinvent the wheel…they simply, improve upon it.

Commodities….currency.

Currency trade is not for the faint of heart. Though ironically fueled by emotion, it is still partially fueled by world economic decisions – which still, when you think about it, tie in with emotion. Worry, stress, and pessimism. Excitement, anticipation, and optimism.

Each and every on of these things plays a hand in how currency value and exchange rates fluctuate.

f-04

Commodities, on the other hand…well, while some can also be fueled by emotion (mass panics when the media states there may be a “shortage” of gas), most of it, if played right, can be a steady investment.

Hell, even liquor stores are worth their weight in gold – while liquor stores make money, rain, snow, or shine, depression, recession, Cinco de Mayo or world Olympics time, the suppliers of the ingredients that provide the breweries and factories that make the liquor prosper and prosper well.

Three measures of Gordon's, one of vodka, half a measure of Kina Lillet. Shake it very well until it's ice-cold, then add a large thin slice of lemon peel. Got it?

Three measures of Gordon’s, one of vodka, half a measure of Kina Lillet. Shake it very well until it’s ice-cold, then add a large thin slice of lemon peel. Got it?

Let me reiterate. It’s not always a matter of reinventing the wheel…

…but improving it.

I’d like to expand more on this topic…I may very well be over the next few weeks, who knows.

In the meantime, really read into what I’m trying to say hear. Don’t just skim. There’s a bigger picture here other than words can describe…even if it may just be a teaser.

Stay sharp.

– Rego

Musings Episode 8: Self-employment, Investing, and Commodities is a post from and appeared first on Rego’s Life