What I Learn’t in 2019 and What this Means for 2020
What a great year, but boy has it flown past.
I really can’t believe we’re just a few days away from 2020 and the end of another decade.
So, I thought it was a good time to reflect on how 2019 went and importantly – what I learnt in 2019!
Life is fast paced, and it’s super easy to go from one day to the next without pausing and reflecting on life. Sitting down today thinking back over this year I realised 5 things that stood out about this year.
As the regular readers of my blog will know, LifeHacker Guy is my attempt to write down my thoughts and document my self-improvement in all areas of my life.
So, here we go the top 5 things I have learn’t in 2019 and what this will mean going into 2020.
The 5 Things I Learn’t in 2019
From chatting with friends, shopping, family and new business opportunities, there have been a tonne of distractions this year. Some of course I cannot ignore, I mean my kids need their dad, right?
Aside from family though, there have been lots of distractions that sometimes have veered me off track.
There have been 3-4 new business opportunities outside of my supplement company that have come up that have all looked pretty good. In the end I decided against getting involved to focus on my blog and greens powder supplement.
Having responsibilities outside of work means I cannot (and actually more like I don’t want to) work 60-70 hours per week. I know many entrepreneurs do it, even ones with many kids, but this is not for me. I simply don’t have the energy for it!
I value my health more than extra $$$$$$s.
Since having chronic fatigue syndrome for 20 years I have limited energy and simply can’t spread myself too thin doing too much.
So, the end result I hope and will strive for in 2020 is better focus on personal and business life.
During this year I made some new friends and become close with a few older friends. Naturally a few friends have become more distant, such is the ebb and flow of life.
I now try to focus on friendships where there is a good balance and degree of reciprocity.
I noticed this year that a few friends actually drained me mentally as opposed to encouraging and lifting my energy and spirits. It took me awhile to realise this. So, with these types of relationships I try to have a little less contact with and choose to spend time with people who are motivating and fun.
We all know some friends that seem to trigger drama, eh?
At the end of the day, I don’t want to be mixed up with the mental energy needed to be involved with such dramatic theatre. I will leave this for Netflix!
I have never been preoccupied with having lots of friends and tend to keep a closer net of good dependable friends.
Care less what other people think
I was hesitate when first starting to write this blog as I didn’t want to be in the limelight. When your front and centre online you’re basically setting yourself up as a target and basically to face criticism.
I am very glad I did start though as the support and feedback has been amazing.
More importantly I enjoy writing and have learnt a lot more about myself since.
The last few months I have had friends saying I need to do more video and podcasts on the LifeHacker Guy, especially when it comes to interviews.
Although I really like to talk, just ask my family and friends, I have resisted doing video basically out of fear of looking like an idiot. I have to face this fear though as video is an amazing medium to produce content.
This mean that in 2020 I will getting more into video, so watch this space.
Investing money with others
When I sold my house and business I had a reasonable amount of cash, enough to last quite sometime in Malaysia where I live. I believed that with sensible and safe investing I could almost live off the income, almost living the FIRE lifestyle.
The issue was though that I am simply rubbish at investing.
In the past whenever I bought stocks within a few months they were down, sometimes even became delisted on the stock market!
I simply didn’t have the confidence to manage my own investments.
So I sought out ways to invest money thinking this was less risky and would leverage their expertise.
I was wrong though.
In the end I lost 20-25% of the money I invested into a Hedge Fund and Forex strategy.
This was quite a shock. On the plus side though it gave me the motivation to learn more about finance. Now I still don’t regard myself in anywhere an expert, but now look to understand what I am investing in and for what purpose.
You can see how I invest money in the monthly reports I write.
So, now NO BLACK BOX investing into hedge funds or esoteric financial strategies, just simple to understand financial strategies that even I understand!
I spread my investments out into gold (hedge), Bitcoin (punt), fixed deposits (liquidity) and stocks (dividend and growth). Lastly, I invest in myself and my business.
This year has seen my work load increasing massively. Running this blog and my supplement company on my own is proving more difficult and many tasks are being left or not given the attention they need.
I am very hands on and want to give amazing support and service to my customers. Whilst I can cope at the moment this will change in 2020 as I want to scale my business.
The last month I have decided to start developing a team with a colleague of mine. So, many of the repetitive tasks will be developing into a standard operating procedure (SOP) and given to either staff or virtual assistants.
The prospect of managing people has always filled me with dread. I had the same thing in my previous business. I much prefer to be a lone-wolf and have a lifestyle type business, but this approach has it’s limits – especially when it comes to time! I have a family and personal life outside of work.
I need to leverage people in order to scale my business. So 2020 will see developing a small team in-house and virtually.
The Bottom Line
The conclusion is I need to raise my game in both personal and business life. Although I have made some nice strides during 2019 they are hardly leaps, and this is what I want and to be honest, need.
It’s been rather a luxury being able to work as hard and when I want, even though I am in my Malaysian co-working office most days during the week. There are days when I waste a lot of time – I mean how many chats and coffee can a guy have in one day!
My wife regularly says to be that I need to work smarter and have better time management, and she has a point.
There are techniques I have previously discussed in my blog (such as the pomodoro) that I will look to make regular habits. Even though I can work mostly when I want, I like to have a degree of structure and will be looking to refine this as I head into 2020.
I am fired up for 2020. How about you? I have big ideas for my business and personal life. It’s time to make that plan and importantly execute.