Part 3 - Being : What to do after you become financially free!
The Job Delusion Book tells the story of how regular guy Kevin H. Boyd, discovered the secrets of the millionaire mindset to escape his day job and become Financially Free.
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Kevin H. Boyd:
Midlife Entrepreneurs Podcast Number 11.
Kevin H. Boyd: (00:04)
Hello fellow entrepreneurs and mindset hackers. Uh, this is Kevin Boyd, business coach, entrepreneur, and all around psychology nerd. In this season of the podcast, I want to share with you my 2012 book, the job delusion, where I talk about my own journey of discovering how the wealthy think and then using that knowledge to free myself from the delusion of having a day job and finally becoming financially free. Today’s show is brought to you by audible. Audible is offering you, dear listener, a free audiobook with a 30-day trial membership. Just go to audible, trial.com forward slash midlife and browse through the vast selection of audio programs. Download a free title and start listening. It’s that easy. So go to audible trial.com forward slash midlife to get started listening today.
Kevin H. Boyd: (01:08)
Kevin H. Boyd: (01:14)
The job delusion. How to start thinking your way to financial freedom, written and narrated by business coach Kevin H. Boyd.
Kevin H. Boyd: (01:31)
Part Three. Being. Your true self. Is your unconditioned self free from craving, and attachment, the Buddha.
Kevin H. Boyd: (01:42)
Chapter nine, the new rich don’t go to the office anymore. Everything popular is wrong. Tim Ferris.
Kevin H. Boyd: (01:53)
So now I was financially free. I was receiving enough money from my full rental units to cover my mortgage, utility bills and food plus a bit extra for fun. At least I could stop worrying about money and just hang out, do what I wanted to do each day, read all those books I’ve been meaning to read, write my novel, but after a while I had a problem. What was I actually going to do with my seven day weekend? As the months rolled by, I became increasingly aware that taking away the daily struggle for money, I had left me with a void. Since I had entered the world of work at the age of 19 I had been focused on this one goal to be able to stop having to work because then I’d be truly free, but what I actually found was that I felt more lost each day.
Kevin H. Boyd: (02:43)
I had no real urgency to get up and get on with my day as the bills would still be paid, even if I stayed in bed to midday and what stay time TV for the rest of my life. Then I came across the book, The Four Hour Work Week by Tim Ferriss. The book defines a new social class the new rich. They are people who have freed themselves from the everyday Faustian contract of exchanging their time for money, either through generating all their income passively or with minimal input each day by outsourcing a lot of their work to virtual personal assistants who work in India and charge a fraction of what it costs in the West. Inspired by this idea, I used a web developer in India, via the website, elance.com, to help build my website, wealth coaching uk.com and found the service very fast and cheap.
Kevin H. Boyd: (03:36)
The new rich also challenged the rules. They find smarter ways to work than turning up at the Office for eight hours a day, five days a week. With the advent of mobile technologies like Skype and iPhones, your office can be anywhere in the world including the beach. The new rich may not have lots of money, but what they do have is lots of free time and they spend that free time the way they want to. By having great experiences like traveling, surfing, or learning a new language, the new rich have decided to stop gambling that they will still be alive and fit enough to do all the things that they have been dreaming of their whole working lives when they reach retirement at 65 the new rich again and do it right now. Anyway, this whole concept of retirement that we were conditioned to follow is a kind of worst case scenario.
Kevin H. Boyd: (04:24)
Insurance. Retirement as a goal is flawed as it is predicated on the assumption that you dislike your job and want to stop doing it when you’re 65 most people won’t even be able to retire and maintain their standards of living due to inflation, reducing their savings or pensions pot by 2% to 4% a year. And even if you can save enough for a good retirement, then you’re probably a workaholic. And when you do retire, you’re going same with the lack of things to do. The new rich instead plan to spread many mini retirements throughout their lives instead of saving it all up to the end of their life. I know I get bored pretty easily, so a life full of working on what I’m passionate about right now, building it into business and then taking a break from it for awhile before starting another new business. Make sense to me.
Kevin H. Boyd: (05:11)
The thought of just doing one job my whole life that I don’t enjoy just for the money and then retiring and sitting around doing nothing all day actually fills me with horror and in truth, we’re all living much longer and our governments can’t afford to have us all sitting around for 20 to 30 years doing nothing and taking state pension benefits. We need to create a new way of living that allows people to be productive and happy their whole lives.
Kevin H. Boyd: (05:39)
This reframing of the situation I found myself in was empowering. I remembered the 20 years ago when backpacking around the world, I found myself in some of the top surfing spots in the world like Hawaii, Bali, and Bondai beach in Australia, and as I sat there on the beach watching these guys dancing in and out of the waves on their surfboards, I made a promise to myself that one day I would return here and join them in the surf.
Kevin H. Boyd: (06:06)
I realized that if I didn’t take the opportunity right now to learn to surf at the age of 45 there was no way I’d be able to do it. When I retired at 65 but would I even be able to do it now? Like most middle aged people, I only went to the gym every now and then just to justify the monthly membership, but my stomach was more akin to a Buddha belly than a washboard six pack. So how could I actually increase my strength, flexibility and balance to the level required to serve? Tim Ferriss had a neat system for helping you get stuff done right, a big enough check, give it to a friend and tell them if you fail to do what you promised to do, then they can cash it. So it made me wonder how I could integrate a similar level of accountability into getting fit enough to go surfing.
Kevin H. Boyd: (06:55)
Tim also talks about putting enough things in place so that success is inevitable. As I had no friends who wanted to give up their sofa for the gym, I decided the only way to combine accountability with making success inevitable was to hire a professional trainer down at my local gym. The accountability part was straightforward enough. Every Monday, Wednesday, and Friday morning, I would have to turn up at the gym at 9:30 AM to be put through an ever increasingly difficult set of exercises by my personal trainer will. And over a six month period, I never missed a session because I would have to pay for, well to take a tea break at my expense and my Scottish heritage of being careful with money wouldn’t allow that. But how can I make success inevitable considering the fact that I’d never even been on a surf board before and the sea conditions off the south coast of England where more Arctic than Baywatch.
Kevin H. Boyd: (07:53)
So over the months my personal trainer will got creative and came up with a whole range of inventive exercises for me to improve my balance and strength. Culminating in a special surfboard simulator comprising of three, Boso’s and two Reebok step platforms. This crazy combination of gym equipment simulated a surfboard perfectly. So as I stood upright on my surfboard riding on top of a four foot high wave in the seas off Bailey just six months after I started living like the new rich I knew I had discovered a great new way to live. My passive income was supporting me to achieve my lifetime’s ambition today instead of following the job delusion and waiting until I was 65 and probably being just too old to do such a physically demanding activity.
Kevin H. Boyd: (08:41)
Great Fun though. It was to finally achieve my lifetime’s ambition of learning to surf. When I returned home, I was phased yet again with the existential angst of what meaningful activity was I going to engage in to my day to day existence, worthwhile lacking an external focus. My mind was turning inward on itself and was creating unimportant problems for me to solve, most of which were entirely figments of my imagination. All I needed a focus, a goal, but not just the same old ones I’d been chasing my whole life like money and possessions and the perfect partner. No. This time I was finally ready to find the meaning of life.
Kevin H. Boyd: (09:26)
Today’s show is brought to you by Audible. Audible is offering you, dear listener, a free audiobook with a 30 day free membership? Just go to audible trial.com forward slash upward spiral coaching and browse the vast selection of audio programs they have. Download a title for free and start listening. It’s that easy, so go to audible.com forward slash upward spiral coaching to get started today. Back when I was a youngster in the 20th century, I worked in the early tech industry which required me to read huge, thousand page, computer manuals and I find it relatively easy to make sense of them, but today in the 21st century, I just don’t have time to sit down and read and I’ll be honest, I feel my brain just doesn’t enjoy reading pages and pages of texts anymore, but that has been transformed by using Audible because now I can listen to the longest and most complex books as I go from my evening walk around the park or even when I’m cooking. As an example of that and currently listening to Jordan B. Peterson’s 30 hour epic, Maps of meaning. There is no way I would read such a long and complicated book, but with audible I can dip in and out whenever I have a spare few minutes of downtime. I’m learning so much every day just by using audio books. So to download your free audio book today, go to audible trial.com forward slash midlife, again, that’s audible, trial.com forward slash midlife and you can get your free audio book today.
Kevin H. Boyd: (11:04)
Chapter 10 the Zen of just being always living for better tomorrow or running from a numbing past. We inhabit this present moment like a shabby motel on the way to somewhere else. It pressed. We really couldn’t say where it is that we’re in such a rush to get to. Mel Ash in the Zen of recovery. Who are we really? What is the real meaning of life? How can we attain lasting happiness in the face of our seemingly endless troubles? I was starting to realize that just having money and freedom from having to go to work did not make me much happier. In fact, I started to find the lack of purpose very difficult to live. Humans are tribal creatures. We need other people to feel a sense of belonging, of purpose, of being loved, but our industrialized capitalist world has become obsessed with the cult of the individual and the idea that happiness can only be achieved by consuming more and more stuff.
Kevin H. Boyd: (12:15)
If only I had a bigger house, a faster car, the perfect partner, then my life would be complete and I would be happy. That is a social contract where you have all unconsciously accepted from birth and is at the heart of the job delusion community. The concept of living in a community was one I had been struggling to achieve since I left home at the age of 19 I was living in one of those classic English Victorian Terrace streets in Brighton on the south coast of England. Locally. It was famed for its community, but my experience was that my neighbors could barely bring themselves to say hello and the rest of the street ignored me and each other as much as possible. I was increasingly feeling isolated, especially now that I had no day job to go to anymore. No one to say good morning too at the office or chat with at the tea break.
Kevin H. Boyd: (13:11)
Being at home every day was slowly turning me agoraphobic. I would find any excuse not to go out. I realized that if I didn’t have at least one interaction with another human being every day I would slowly slide into a feeling of apathy and I just would not be able to do anything productive like a bored teenager that can’t get out of bed in the morning declaring what’s the point? Then at a friend’s birthday party, I found myself talking to mock Shinny, the chairperson of my local Buddhist Center discussing my dilemma of isolation and lack of connection in my life. Mostly said that they had a need for volunteers at the Buddhist center to help with everything from cleaning the toilets to sorting out the computer systems. Would I be interested Buddhism, a very modern approach. I had spent my whole life trying to avoid old religion and new age religions, but I had always found Buddhism to be the most rational of them all.
Kevin H. Boyd: (14:15)
No God or higher power was involved purely a desire to free yourself from the tyranny of your own thoughts and to be compassionate to all living beings. Its primary focus is about taking full responsibility for all your thoughts and actions in the world and interestingly they believe there is no such thing as a fixed self that I, that we use to refer to ourselves or as Freud put it, this ego that drives our lives. They believe that the self is not a permanent state. It changes moment by moment. This view well with what I had been striving to achieve for the last few years, the goal of changing my limiting beliefs of changing myself. A few days later I stood in the shrine room of the Brighton Buddhist Center in front of a large Buddha explaining to me what the shrine represented was Dharmavasita. Her name meant perfumed by the Dharma as truth and was an aspirational reminder to her or what she was here on this earth to achieve Dharma. Vaster explained that the shrine was not an icon of the Buddha to be worshiped in the traditional Christian way, but a reminder that the Buddha who was just a normal man had freed himself from suffering and therefore so could I.
Kevin H. Boyd: (15:37)
Dharmavasita, went onto explain there were three key concepts or jewels at the heart of Buddhism. Firstly, there was the Buddha a normal human being, not a god, just a person like you or I, and he had worked at freeing himself from his ego, from his cravings, from his delusions to find his true self and finally be free of all mental suffering. This is how Buddhism defined enlightenment. Second was the Dharma, the teachings of the Buddha or achieved enlightenment through applying the four noble truths, which defines how we suffer and then the eight fold path which provides practical advice on how to free yourself from suffering. Then finally, there was the Sangha. The community at the heart of Buddhism was the recognition that only working towards your own freedom, your own needs was not enough. You need to bring yourself into the community to help them become free to Buddhism is a very practical discipline.
Kevin H. Boyd: (16:42)
It points out that you can’t just believe what it says. You must experience it yourself. You need to try out their ideas and see if they work for you. Like a lot of deceptively simple ideas. The further you explore them, the more you get out of them and noble practice. Each week. I gave a day of my time to help this small community of Buddhists who are not only striving to free themselves from suffering, but also to help others do the same. I find that I’m starting to feel more contented and strangely freer than ever before in my life. I experienced many people coming to the center. You just need to experience this stillness of a peaceful sanctuary from the noise of their daily lives. They may be going through a debilitating illness or just curious about a different way of thinking and being. I realized that my life had been full of suffering due to craving stuff like money, possessions and relationships, as well as fighting against the impermanence of the world, how every person object and emotion ultimately changes.
Kevin H. Boyd: (17:46)
The Buddhist model helped me make sense of all of that as well as provide practical advice on how to deal with it. I was surprised to find my new way of living was making me feel rather contented with my law. Something that 20 years of having a job and consuming stuff had failed to give me for more than just a few fleeting moments. So my journey of the last five years, starting with the reading of Rich Dad Poor Dad, has led me to a surprising place. I now own assets that generate and passive income for me to be financially free, allowing me to spend my time helping myself and others free themselves from their own cravings and limiting beliefs. I realized that the more I craved wealth, the more trapped I became in my own suffering. So I decided to dedicate myself to helping others become financially and spiritually free by using my training as a counsellor. And life coach to help individuals on a one to one basis.
Kevin H. Boyd: (18:51)
Chapter 11 conclusion. I hope the tail of my journey from the day job to financial freedom by discovering how the rich thing can generating passive income for myself has encouraged you to work on your own limiting beliefs and ultimately take action to change them. Most of us were sold the job delusion early on in our lives. We were told to get educated, work hard at your career and only when you retire or you’d be free to do all the things you wanted to do while working so hard because when you retire, you will of course have a generous pension to support you. Well, this may have been true in the 20th century, but the realities of globalization in the 21st century make this promise precarious. At best is a bit like betting on a horse race. It takes 45 years to run. Whether your horse will come in first or stumble at the final jump 40 years into the race.
Kevin H. Boyd: (19:46)
It’s the biggest gamble of your life, but the rich don’t think this way. There’s nothing wrong with getting educated, a good university degrees and asset, but none of our educational institutions seem to want to teach us how to get rich just how to have a job. However, a few maverick gurus have decided to help us achieve this, so read Robert Kiyosaki’s books, Rich Dad, Poor Dad and the sequel, Rich Dad’s Cashflow Quadrant and start to learn how the rich do it by generating passive income through owning or leasing assets that pay you money every day, even when you’re asleep or lying on the beach drinking Pina coladas. Next step is to examine your own limiting beliefs about money and what you are worth. T. Harv Eker’s book secrets of the millionaire mind, explores this subject in great depth and identifies that we all have our money blueprint wired into our subconscious minds, which means we are unaware of it.
Kevin H. Boyd: (20:45)
It explains why most lottery winners end up spending all their winnings and end up back at the same financial level as they were before they won. As we all discovered in the crash of 2008 banks seem to have lost their lending intelligence. They rely way too much on simplistic models to manage their lending risk. The don’t take into account human nature, so we no longer have a normal human relationship with the bank manager anymore. Instead we must pass through a set of binary tick boxes that decree whether we are worthy of their money or not. As one species falls into an evolutionary dead end. Another more adaptable one takes over. Your net worth is equivalent to your net work. Today. It is the people you know both personally and professionally. You should now turn to to help you become financially free. The Internet has allowed us to extend our social network across the globe and through the use of online social networks like Facebook and Linkedin.
Kevin H. Boyd: (21:43)
We can leverage those connections to become greater than the sum of our parts. I was able to borrow over 300,000 pounds from four friends using a simple legal document called a promissory note that I bought for just 10 pounds from law depot co UK as Tim Ferriss in the four hour work week demonstrate so well. Once you generate some passive income in your life, you can then work part time or give up the day job completely and then you will be free to pursue that list of ambitions you’ve been secretly creating while you are daydreaming at work. Set yourself up so that success is inevitable by creating strong accountability with your close friends so that if you don’t go surfing in Bali or climb Mount Kilimanjaro or go back to university and study that degree in history of art that your parents told you would never lead to a good job, then you’re accountable friend, gets to cash that 1000 pound cheque that you gave him when you’re all fired up at the start.
Kevin H. Boyd: (22:41)
The ultimate goal for your new found financial freedom is being able to give back to your community. No man is an island and it gets pretty drafty up in that ivory tower, so don’t get suckered into buying yet more shiny consumer goods as the path to happiness, as a pleasure. They will give you all be fleeting, contributing to your local community or return much more to you. A smile of thank you from a person you help is worth more than all the job promotions and shiny toys at your money or debt could buy work in progress. In truth, I’m still working on all of this. I have my moments when I forget and fall back into old patterns of craving and association with negative thoughts, feelings of if only I had more money, my life would work better, that my life would be easier if I went back to the day job because I wouldn’t have to think about what to do with myself each day because I could just rely on my boss to tell me what to do.
Kevin H. Boyd: (23:39)
But being financially free is a road less traveled and though the destination is not always clear, you do meet other travelers on that road that inspire you to keep going and show you other roads that are just as interesting. So I hope my story has inspired you to work on reexamining your beliefs about money and becoming wealthy. It is doable. It just takes some hard work now, but it will pay off further down the line. Unlike the day job, which will demand your time every day of your working life. So I hope to see you out there on the same road, taking risks, challenging your beliefs, and having a blast travel well, my fellow entrepreneur.
Kevin H. Boyd: (24:27)
If you need help changing the way you think and behave around your own wealth mindset, then get in touch at upward spiral.uk.com and book a free consultation with me to see how we can work together to free you from your own job delusion once again, that upward spiral.uk.com and I look forward to hearing from you.
Speaker 1: (24:52)
Kevin H. Boyd: (24:54)
Thank you for listening. This has been Kevin Boyd of Midlife Entrepreneurs. Please subscribe to my podcast and follow me on Youtube and get in touch if you want to discuss how I can help you transform your life.