MI REWIND: INVEST BETTER USING FOCUS AND ESSENTIALISM

W/ GREG MCKEOWN

07 June 2024

On today’s show, Greg McKeown discusses his core philosophy to time management and personal development, Essentialism. Greg is a New York Times and Wall Street Journal bestselling author, motivational speaker, and consultant to Adobe, Apple, Google, Facebook, and many more. He reminds us all to reevaluate what we focus on and only work on what is truly essential.

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IN THIS EPISODE, YOU’LL LEARN:

  • Why you feel like you aren’t succeeding.
  • What it means to follow Essentialism.
  • When you need to practice saying no.
  • How to be a better and more focused investor.
  • And much, much more!

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors may occur.

Robert Leonard  00:02

On today’s show, I talk with Greg McKeown about the unpopular and often misunderstood concepts that have made Warren Buffett and Bill Gates ultra-successful, and how you can implement those same concepts in your life to achieve success in investing, business, or even your career.

Greg is a New York Times and Wall Street Journal best-selling author, and accomplished keynote speaker. He consults for major companies like Adobe, Apple, Google, Facebook, Pixar, Salesforce, and Twitter.

If you’re looking to get more content than just a weekly free podcast, make sure to follow me on Instagram. I post there almost every single day with different ideas about business, investing, the stock market, and real estate. I have new content coming out almost every single day. You can follow me on Instagram with my username: @robertattip. Now, let’s dive into the show.

Intro  01:01

You’re listening to Millennial Investing by The Investor’s Podcast Network, where your host, Robert Leonard, interviews successful entrepreneurs, business leaders, and investors to help educate and inspire the millennial generation.

Robert Leonard  01:24

Welcome to today’s show! As always, I’m your host, Robert Leonard, and I’m very excited to have Greg McKeown here with me today. Welcome to the show, Greg!

Greg McKeown  01:32

It’s great to be with you, Robert.

Robert Leonard  01:34

Let’s start today’s show by talking a bit about your background and how you got to where you are today.

Greg McKeown  01:39

You know, I spent 20 years on an adventure. It all started, when I was staring at a piece of paper in my hands with all these scribbles and answers on it. I’d been brainstorming this question, “What would you do if you could do anything?” I noticed, when I looked at the piece of paper, that law school wasn’t on the list, which was it turns out, inconvenient, because I was, at the time, at law school. And so, that was good. That was the turning point. I quit law school and did what I really wanted to do, which was to teach and write. That’s what I wanted to do, but in an entrepreneurial way. I wanted to work with businesses. I wanted to understand how they work. I wanted to understand the leadership dynamics and the team dynamics, organizational behavior, and just what is it?

On that piece of paper were a series of questions. One of those questions, I think has such relevance for everybody listening today. And it’s this, “Why is it that otherwise successful people and companies don’t continue to be successful?” They should. But what I’ve found as I looked at the data and studied this question is that what should happen doesn’t happen. So, that’s like a driver. That question has been driving me for those 20 years. That’s sort of the background. I worked in Silicon Valley companies for many years and noticed some predictable patterns and so on, but that was really the question that kept me up at night.

Robert Leonard  02:57

If anyone knows that what’s supposed to happen doesn’t actually happen, it’s stock investors. So, I think the audience is definitely going to know what you’re talking about there. What really got you interested in this question, though? What happened? Was there an aha moment that made you decide, “This is what I want to study. This is what really drives me and I’m passionate about.”

Greg McKeown  03:16

In the midst of working with Silicon Valley companies, I noticed a pattern there called, “the paradox of success.” Let me tell you that pattern…and then something happened personally, and they connect together. In the professional observation, I noticed that when a company was small, they got focused, and they were able to drive success. Clarity led to success, and success bred so many options and opportunities, which all sounds like the right problem to have. But it does in fact, turn out to be a problem. It leads to what Jim Collins has called, “the undisciplined pursuit of more.” The undisciplined pursuit of more will plateau whole organizations. Instead of being able to go forward to what ought to be their next level of contribution to success, they can’t get there because they’re using all of their resources to do too many things at their current level.

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BOOKS AND RESOURCES

  • Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
  • Recommended Book: Essentialism by Greg McKeown.
  • Recommended Book: Indistractable by Nir Eyal.
  • Recommended Book: Ultralearning by Scott Young.
  • Check out the books mentioned in the podcast here.
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