465 | Jonathan Returns: Upside Down Economics and the Priceless Value of a Great Question

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Nov 27, 2023

The return of Jonathan! Catch up on his work behind the scenes. Lessons from failure, curiosity, mastering the small things, skilling up, and the value of time. Change your mindset from scarcity to growth. Focus on smaller things to pivot and reevaluate. The journey is about using lessons learned to make life freer and easier!

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ANECDOTE

Parenting Lessons on Failure

Jonathan shares how his son struggles with failure and frustration when learning new skills like drawing.
He uses this as a lesson to embrace failure as part of the learning process and growth.

INSIGHT

Growth Mindset About Failure

A growth mindset embraces trying difficult things and learning from failure instead of fearing it.
Failure is essential progress, not a dead-end, and pushes you beyond your comfort zone.

INSIGHT

Power of Better Questions

The first question is rarely the best; success depends on continuing to ask better and deeper questions.
Curiosity and probing beyond initial answers lead to greater understanding and achievement.

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In this episode: lessons from failure, curiosity, mastering the small things, skilling up, and the value of time.

The return of Johnathan! Yes Jonathan is returning to the show to catch up on the work he’s been doing behind the scenes over the last year and a half, the value of freeing up your time, skill spending, and the importance of focusing on the little things while keeping the bigger picture in mind. Whether it’s when you’re just starting your FI journey or if it’s in other areas of your life, failure and mistakes can be inevitable. However, they should never keep you from trying to build and create the life you are working towards! One of the key lessons taught in FI is to change your mindset from one of scarcity to one of growth, and part of that challenge means identifying failures and taking action to learn from them. While you are working towards your own “big picture” on this journey, don’t forget to focus on the smaller things. Not only will it allow you to pay closer attention to what you are doing right and wrong, but it makes it easier for you to pivot and reevaluate when necessary! This journey is not just about reaching that final goal, but about using the knowledge and lessons learned along the way to make life a little bit freer and a little bit easier!

Timestamps:

0:22 - Introduction
1:26 - Update From Jonathan/Lessons From Failure
8:53 - The Curious Mindset
17:57 - Failing Forward and The Small Things
27:42 - The Importance of Skilling Up in Today's World
36:30 - Your Most Valuable Non-Renewable Resource
44:11 - Paying Off The Mortgage/Donor Advised Funds
59:19 - Conclusion

Resources Mentioned In Today’s Episode: