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Simple Step: Tortoise and Hare
172 Plays2 years ago
In this simple step episode, we discuss the importance of being the tortoise rather than the hare when it comes to achieving success. There's value of slow and steady progress and you'll be head to find joy in the process and focus on consistent effort rather than seeking quick wins.
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Transcript
Living an Uncommon Life
00:00:00
Speaker
Everyone dreams of living an uncommon life and the best asset you have to achieve your dreams is you.
Podcast Overview: Wealth and Unique Paths
00:00:08
Speaker
Welcome to the Uncommon Wealth Podcast. We're going to introduce you to people who are living uncommonly. We're also going to give you some tools and strategies for building wealth and for pursuing an uncommon path that is uniquely right for you.
The Tortoise and the Hare: A Business Metaphor
00:00:26
Speaker
Hello everybody and welcome to an episode of the Un-Cominwealth podcast where I'm your host Philip Ramsey. And I'm Aaron Kramer. We've got a simple step for you. That means under five minutes. This one actually is a longer topic that I feel like we could do a whole episode on. So it's going to be challenging. I just took the first 30 seconds. Aaron Kramer, what are we talking about? We're going to talk about the tortoise and the hare.
00:00:45
Speaker
Why? Why? So I feel like when you were starting a business, everybody wants to be the hair. You don't want to be the hair, I'm sorry. You start off thinking you're going to be the hair, you're just going to take off.
Sustainability Over Excitement
00:00:59
Speaker
But it's so important to think
00:01:02
Speaker
Okay, well, who ends up winning in the long run being slow and steady? Slow and steady and consistent. Because that wins at the end of the day. Yeah, and there's always cool things that are happening when you first start a business. And it thinks like, oh, this is how it'll always be. That is not the case. And it is a trap, I would say, to think that you can always have these type of euphoric, exciting things happen.
00:01:27
Speaker
for the rest of your career. And so slowing down and like really focusing on the things to make things sustainable, I think is the play as you could see in the
Philip's Financial Journey
00:01:38
Speaker
tortoise and the hare. That's why we named it that. Yeah. So a good example here is, you know, I've shared in the past on the podcast, like I'm dyslexic, so I don't like reading. I mean, I'll listen to books, but if I'm reading a book, it's for a purpose. It's not for leisure.
00:01:52
Speaker
So never in my wildest mind would I have ever been sitting down with people and think that I've read way more books than anybody. But lately I've been sitting around and I tell people like I read about 12 to 14 books a year. That's not including what I listen to, that's just what I read.
00:02:11
Speaker
And I'm like, oh yeah, I've read a lot of books. And I talked to other super smart people, because this is our career. Our job's hard. We have to know a lot about a lot. And so you're constantly going to be learning. And I've known a guy before. And I told him, recently when I came over, I had mentioned that one of my goals was to read 100 financial books. That's what I was working on. And you've tracked it. I've been tracking it.
00:02:32
Speaker
Um, and I'm over, I think I just, I tipped over, uh, halfway. Wow. 50.
Pickleball and Business Strategies
00:02:39
Speaker
Yeah. So like, but I remember like somebody on our team was like, why would you ever want to do that? You know, and this person was really smart. You know, I found him to be very high IQ kind of guy. Right. Right. But as we got talking, it was like, did you,
00:02:54
Speaker
I know more than you know, but like again, I was a tortoise. It takes me a long time to read a book. I got to spend a lot of time on it. I consume the knowledge, but like it takes me a longer to consume the knowledge because I read so slow being dyslexic, but I've never stopped. There's something about doing something over and over and repetition in a slow, methodical way. That's a little bit more enjoyable than like, and we got it done quick. Like,
00:03:19
Speaker
Yeah. Um, there was, if anybody's ever played pickleball, my buddy, best friend, Eric Baker, shout out to you, whoop, whoop, uh, play pickleball together. And he is so disciplined and patient. Yeah. Pickleball is about like very small little hits.
00:03:37
Speaker
Which like for me, I'm more hair, ingrained in me. I just want to hit it hard, hit it hard. That's not the play. And so, but I will say like when you get a point because you've been slow and patient, there's some kind of like satisfaction that you don't get by just ripping one by someone. That's fun too. But for the most part, a sustainable way to achieve something does feel like you can enjoy it.
Financial Strategies: The Tortoise Approach
00:04:01
Speaker
Even more, even more. Yes. And so I would say too, in like financial, like when you're thinking about finances, thinking about like people just don't win the lottery. No, it is one decision over time and repetition, slow, methodical, the race every time. Yeah.
00:04:19
Speaker
So, you know, they call dollar cost averaging basically tortoise in the hair. Yeah. I was like, Warren Buffett talks about that. Like, why does nobody ever talk about the stock market? Because everybody can win in the stock market. Everybody like guaranteed. This is the one thing that hasn't changed over time or since 1940. We have enough proof.
00:04:39
Speaker
But like, why doesn't everybody talk about it? Warren Buffett, I love each other because it's not sexy. It's the tortoise. Right. And there has to be some kind of compliance thing about saying guaranteed in the market, but here's the deal. Well, I'm saying like winning, like gaining money over time. I do think there is something about the methodicalness that he nails. Yeah. Like, and Warren Buffett, it's not sexy, but repetitive things over time is the key to success.
Consistency and Small Joys for Success
00:05:07
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Yes. The success that I want.
00:05:08
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because I don't want to win the lottery. Because I feel like you circumvent some of the hardest challenges that you can have in the grind, and I'm preaching to myself a little bit here, like focus on having joy in the small things and letting the end result be what it is, but finding joy right now.
00:05:26
Speaker
Yeah. Come on now. Be the tortoise. That's your, that's your simple step. Yeah. Be the tortoise, slow down, but be consistent. Just don't stop.
Conclusion: Be the Tortoise
00:05:34
Speaker
Keep pushing. Come on. All right. You've been listening on Commonwealth Podcast. I've been your host, Philip Ramsey. And I'm Aaron Graham. Until next time. Go be a tortoise.
00:05:42
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That's all for this episode, brought to you by Uncommon Wealth Partners. Be sure to visit uncommonwealth.com to learn more about our services. Don't miss an episode as we introduce you to inspiring people who are actively pursuing an uncommon life.