Hi friends,
Happy New Year! Welcome to 2022 ~ POW POW π₯ !
Welcome to 2022!
A little personal update from me: I got sick, work got really busy, and I was a bit overwhelmed! I have some big exciting news at VEED.IO that I cannot share yet, but stay tuned!
It's been a wild year, and to help me feel grounded and in touch with myself, I went on a spontaneous diving trip to Jervis Bay and Seal Rock with family, partners and friends.
Jervis Bay and Seal Rock diving adventure with family
I spent most of my time free diving with wild sea animals, catching our own food (there weren't any supermarkets nearby π), playing hide and seek with the kids and hanging out with family over yummy sushi and seafood hotpot that we caught.
We had no reception at all. This was a little uncomfortable at first, but after the first day, I found it incredibly calming and blissful.
For the first time in a while, I was finally present in the moment. The voices we all have that narrate our world quietened in my mind, and I was left in awe of the world that's been given to us.
Our life is such a gift.
(Click to watch the short video π₯ π)
One of my biggest realisations was how giving the ocean is. It gives us food. It gives us oxygen.
It gives us all these amazing animals and this sense of calm. It grounds us. It gives us life. However, I've given nothing back to it.
It made me realise that if the ocean were a person, and I was its friend, I would be a terrible friend who only takes. In that, I felt the unconditional love from the ocean towards me. At the same time, I observed a deep sense of gratitude bubbling up inside me, back towards the ocean and the world.
Given it's a new year, I've decided to take it to a higher level today and share my top 52 learnings from 2021 on business, finance, and life!
The pursuit of entrepreneurship, working for yourself and becoming an investor has nothing to do with the greed of money. It's all about the pursuit of personal freedom. I want to be able to choose how I spend my time.
It's not an easy road. It's not for everybody and there's nothing wrong with working for other people.
But you know what, you find out when you get your first deal and have success with that, you just work harder. I don't need more money, I just need more time.
- An anonymous billionaire, I learned from
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Here goes nothing! In no particular order ~
Deep down, we are all children, wanting to be seen, affirmed and cherished.
Your favourite athlete's first workout was just as bad as yours.
Your favourite chef's first meal was just as bad as yours.
Your favourite artist's first work was just as bad as yours.
Keep going.
I am 28 now and have gone through about 30% of my life.
Now, let me fast forward to the end of my life, imagine I'm on my very last day, lying on my deathbed, reflecting on my life.
Did I lead a life worth living? Is what I'm doing today aligned with that?
Holding on to anger is like grasping a hot coal with the intent of throwing it at someone else β you are the only one who gets burned. - paraphrased from the work of Buddhaghosa in Visuddhimagga IX, 23
Be confident. Don't make decisions from a place of fear and insecurity. Don't let emotions push you around. Instead, be clear about what's truly important to you. This will anchor you and help you resist the whim of the moment and make decisions that truly matters to you.
Because people expect the price to go up just by them sitting there looking at it. People are addicted to checking the price every day and are trapped every 45 mins hitting refresh. It's like being in the casino.
The truth is, crypto goes up, down, sideways - there's not a single thing you can do about it.
If you believe in it, just put money in it and stop looking at it for the next 10 years. And then go build things. Build things that excite you. There's never a good time, so you might as well do it now.
- The Alchemist
- Kaiwen (friend)
- An anonymous old man I met on the street under the Sydney Harbour Bridge at 6 am, who's been married for 70+ years with three kids.
Your emotions get really involved with people close to you: in dating, parents, work, close friends, people we employ, etc.
Sometimes, there are things you need a person to change. However, sometimes, it gets to a point in life where you've communicated calmly, in a neutral way, what it is you'd like to change about the dynamics, you've given many opportunities and space for that change to happen, and where you have it confirm over and over again where this change is just too big for this person - whether it's never happened, or it's a 5 mins shift where the person very quickly snap back into the same position again.
When this happens, you have a tough decision to make:
It's not within our control that others change.
Don't do what you know on a gut level to be the wrong thing to do. Don't stay when you know you should go, or go when you know you should stay. Don't fight when you should hold steady, or hold steady when you should fight. Don't focus on the short-term fun instead of the long-term fallout. Don't seek joy at all costs. Don't keep going when you know to rest. Don't stop when you know you should keep going.
As the years pass, I'm learning how to better trust my gut and to do no wrong. But every so often, I get a harsh reminder that I've still got work to do.
Focus the mind on the joy instead of the fear, and your body will follow. It's not about cultivating a mindset to fight and conquer, because when you fight, it creates a lot of stress.
Play instead!
The key to being wealthy is the ability to convert earned income into passive income or portfolio income as quickly as possible. Taxes are highest on earned income. The least taxed is passive income. If you want to be rich, you must understand what kind of income to work hard for and how to protect your assets.
- Robert Kiyosaki, Rich Dad Poor Dad
- Naval Ravikant
"Within a few years of starting my first company, I spent more time looking sideways than I did forward." It's hard to move forward when you're always looking sideways.
"I believe the purpose of work is not merely to make more but to become more. The value of work cannot be measured by the objective output of a job alone; it must take into account the subjective transformation of the person who is working." The measurement question here is one of the big challenges: How do we measure "becoming more?"
- John Sedd, Salt from My Attic
People who excel tend to obsess over the details. People who struggle also tend to obsess over the details. The difference is what details they focus on. Minutiae vs. Polish. Most things don't matter - but when it does, you want to get the details right. Because those details compound.
The Boy: "What's the difference between you as the Alchemist and the other Alchemist who tried to make gold but failed?"
The Alchemist: "They were only interested in gold, as opposed to living out their personal legend of obtaining gold."
- The Alchemist
No heart has suffered in search of its dreams, because every second of the search is an encounter with God. When you search for your treasure, every hour is luminous, because every second would be getting you closer to your dream.
- The Alchemist
On working with Jeff Bezos:
"One thing I've learned working for Jeff is that he is a man of action. If there's a traffic jam on the highway, he'd rather take the side roads even if it takes him longer to reach his destination. He must always be moving. It's inspiring, and sometimes infuriating."
"I've never met anyone who likes losing money. I've also never met a rich person who's never lost money. However, I've met a lot of poor people who've never lost a dimeβ¦.
Winning means being unafraid of losing. In my own life, I find winning usually follows losing.
Before I learned how to ride a bike, I fell many times.
I've never met a golfer who's never lost golf balls.
I've never met people who have fallen in love and who have never been heartbroken. I've never met someone rich who's never lost money.
Falling off my bike was a part of my learning to ride. For winners, losing inspires them to study harder. For posers, losing defeats them."
- Robert Kiyosaki, Rich Dad Poor Dad
Do not put a few eggs in many baskets. Put all your eggs in a few baskets.
- Robert Kiyosaki, Rich Dad Poor Dad
- Naval Ravikant
It's a warning flag for ignoring things you shouldn't be ignoring. Stress doesn't come from hard work. People don't dislike hard work. They dislike things being out of their control; they can't control their environment.
- Jeff Bezos
"I don't have plan Bs, it distracts you from plan A. Plan B should always be, make plan A work."
- Jeff Bezos
When starting something (a venture, a job), always ask yourself, What is your competitive advantage?
You can try and look for shortcuts. But at the end of the day, you know what you're really good at. Just go do the work. Go do the work.
I finally did a freediving course in 2021. Instead of training with just anyone, I was fortunate enough to learn from Adam Stern, the current record holder for freediving in Australia (he can dive 100 m+ in one breath!)
It was during this course and certification that I finally grasped a very important life concept:
If we want to perform at our best, we must surrender ourselves to the challenge, the obstacles, the scoreboard. The better we want to be, the more we need to let go and surrender.
The person who's having the most fun, most relaxed, cares less about the score ultimately does more.
When speaking with Adam over lunch, he said: "There's a really massive difference between the top 100 divers in the world and the top 10, not in-depth (only 10~30m difference), but in mindset.
The top 100 divers in the world focus on the goal. They push and challenge themselves. They look down at the bottom of the ocean to see how far they've got. They try to push for that extra 1-2 meters. However, they can never break past their limit.
This is because pushing and challenging yourself actually creates a lot of additional stress to the body, on top of the extreme water pressure at the competitive depth.
The top 10 divers in the world never push. They love every part of the dive, being in the water, the CO2 narcosis, the breath-hold, and the "urge to breathe". They listen to their body and focus on its sensations when they dive. Having fun and being relaxed makes all the difference.
It's such a paradox.
The truth is that to improve, most people should give up on challenging their current record and start over from the beginning. They should start with shallow beginner dives again, rebuild a different, fun, loving relationship with every aspect of freediving and build it back up. There's no secret, and this is my view. However, most people are not willing to start over."
Much of the world measures billionaire status by the number of dollars that a person possesses, but the measurement of billionaires based on dollars is not the right way to look at it in my opinion.
Graham Duncan coined the phrase "Time Billionaire", and it has stuck with me ever since I read about it. The idea is that time is the only asset in the world that can't be purchased. Warren Buffett is worth tens of billions of dollars, but no young person would switch lives with him if they had to be in their 90s. In turn, the young person is wealthier than Warren Buffett because of time.
I am 29 years old soon. If I am fortunate enough to follow the average life expectancy of an Australian male today (current life expectancy 83 years old), I'd have less than 20,000 days left. I'll have to avoid catastrophe, but the odds are in my favour. The funny thing is that I'll continue to increase my financial net worth, but I'll continue to lose my time net worth.
A lot of people I know are well into their 30s, 40s, 50s, and 60s. They've been chasing financial wealth for the majority of their life, yet they have wasted their wealth of time with reckless abandon.
I am committed to making sure that doesn't happen to my life.
Additional: Spending time with kids grounds you.
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What's something you've learnt in 2021 that you'll carry into 2022?
Share it with friends if any of my lessons have resonated with you.
Lots of love.
Cheers,
Vin