Episode 175
If You Build It, They Will Come
Myles Wakeham refers to himself as a contrarian. He's never followed the social mantra of college, work & retirement. He's lived all over the world and at the young age of 57, he and his wife are embarking on a new chapter in yet another country, retracing Myles' past and paying homage to the past world of music, to breathe new life into an age-old craft.
Myles has some key takeaways in his talk... you can find them at the following timestamps:
30:16 - What does the Average Joe, who isn’t independently wealthy and doesn’t have a passive income source, do when he reaches “retirement time”?
There’s no going back in time: if you didn’t start saving/investing in your 30s and just enjoyed life and floated along, there’s no golden ticket for you.
31:08 – Sometimes in life you have to make the most out of what you’ve got.
33:00 – You should have thought about your life as a marathon and not a sprint. There’s a perpetual nature that we have to live until the moment that our body gives out.
32:26 – He speaks of breaking life up into 4 quarters:
- 1-20 yrs – Learning - to walk, talk, communicate, socialize & start getting an idea of who you are & what you’re about.
- 20-40 yrs – Building – build a career, family, home, life,
- 40-60 yrs – Optimization – take the skills and knowledge that you’ve acquired and use it to maximize the wealth that you have
- 60-80 yrs – Waning – you just hope that you’ve done enough through your life to sustain you through the years when things start to deteriorate
Life is valuable – you have to take everything you can from every single moment, because you’ll never get that moment back again.
38:14 – there are things that come in sets – a universal concept of balance: Up & down, yin and yang, sunrise & sunset, waves go up and down in surfing
You can’t beat nature – learn to be synergistic – if you’re ahead of the wave and start paddling, it will pick you up and carry you.
Never buy something when it’s already upon you, never buy something that’s past you, look on the horizon for the next one, and engage well before it comes to you.
Practice the skill and you’ll do fine in any situation.
41:09 – The rich don’t have jobs.
Please connect with Myles at: https://www.beunconstrained.com
