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Show Notes
[arve url="https://www.youtube.com/watch?v=C3HaJ54xzJ8" mode="lazyload" align="center" /]
When setting goals is your fear of DNF'ing causing you to set boring goals that are too easily attained and won't motivate you? What would your goals be like if you weren't afraid to DNF?
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Resources related to this episode:
4 Hour Work Week Tim Ferriss
Transcription:
Hi there, Ryan here from on property and today I want to talk about this concept of are you afraid to dnf that sentence doesn't make sense to you right now. Don't worry, it will by the end of the video and not talking specifically about property today, but I'm talking about goal setting and kind of the counterintuitive approach that I have to goal setting and I want to stretch your mind today around how you go about setting your goals and give you the framework that I use to set my goals that might be a bit different to yours and you can decide whether or not you want to incorporate that into your goal setting or not. This definitely isn't for everyone. So are you afraid to dnf so dnf in running because I'm looking at running an ultramarathon at the moment. DNF did not finish, so a lot of people obviously don't want to enter a race and finish with a d and f against their name, which means they did not finish the race.
Most people go into a race, they want to finish the race, they want to have a personal best, and I find that often when it comes to goal setting as well, people are afraid to dnf. They're afraid to even enter a race or to set a goal that they might not finish and so often people will set these goals that are just too achievable that it makes them really boring. Like I'm not talking about setting goals that are completely unachievable for you, like I want to be a billionaire in the next year when you're currently earning $50,000 a year or something like that. But I am talking about stretch goals. Something that you could reasonably achieve, but it would actually. You would require a massive change in your mindset or in your life in order to achieve it. And there's a high chance of you dnf in on that goal or did not finish that goal.
So let's talk a bit about me with this like ultra marathon thing and then we'll bring it back into this idea of goal setting in general that you can apply to your finances. You can apply to your property goals or you can apply it to any aspect of your life. So as you may know, have you seen other videos of mine? I have what I call pseudo financial freedom, which means I have a version of financial freedom where I don't really need to work, um, but I worked to kind of keep things going and to grow my business so I could not work, but over a number of years, eventually my income would dwindle and so I'm at the point at the moment, but an escape working at that longterm financial freedom. But being in this position allows me to try a lot of different things that a normal person wouldn't try and to set goals for things that a normal person wouldn't set.
Like last year I had the goal that I want it to become competitive in super smash brothers melee. And so I did practice in that for six to 12 months. I practiced that game hours each day trying to get better at it. I eventually gave up on that goal for a number of reasons, but just it was going to be too much effort and uh, my life changed and no longer became a priority. And so I put that aside and then somehow I've been reading, I love reading psychology books and stuff and I was reading about how to become the best at something and I read a bunch of books about people who do these ultra marathons or ultra triathlons and they're just doing these really crazy distances to try and work out what does it take to become the best. And just got really fascinated with this idea of ultra marathons kind of thought, you know what, I would never be able to do that.
That just sounds too hard. So it never really set that as a goal. And then recently read a book that was all about like the psychology and physiology and all this science behind people who run ultras or people who run marathons found it really fascinating. And unlike, you know, what I would like to run an ultra marathon and give that a go. So that's kind of like the journey that I took to get to the point where it's like, okay, I would love to be able to push myself to be able to do that as well, grow my ability and my emotional strength in order to be able to push through and do that. So I thought it would be a good challenge for me to try. And so I talked to people about this and I say, you know what, I'm fascinated about ultra marathons.
I would love to run an ultra. There's one coming up in about four months time called the black hole, 100, which is 100 kilometer race up here. I think it's just north of where I live in Noosa. They also have a 50 kilometer race, which is the one that almost likely and talk. And so that's in four months time. So you tell people, okay, I'm not a runner, I've never run thinking of running an ultra in four months time. They're like, you're crazy. Okay. And I agree. I'm crazy. I have no idea what I'm doing. And I'll happily admit that to anyone, but they say to me, why don't you run a five k, but why don't you do a 10K or why don't you do a half marathon or aim for something smaller first, do that and then work your way up to an ultra. But for me, the idea of running a five k like I've already run a five k in practice.
And so it's like, well that's, that's not, that's nothing, that's not going to push me forward. That's not going to change who I am as a person in order to achieve it. Even half marathon. So uninspiring to me, right? I ran a half marathon, like he couldn't do the whole thing. So you ran a half lie. I don't know. To me that just sounds not that great. And then as well, even a marathon to me, so many people run a marathon that it's like you just run into the crowd if you're run a marathon, unless you're like really dedicated and quite a good run on sunlight. You know what? What most people don't do, because most people aren't crazy, is most people don't run ultra marathons, which has anything longer than the math on length. And because I was fascinated with if in watching these dockers on it, I'm like, okay, I'm going to aim for that.
That is inspiring to me, but even though I had this goal and even though I have this ultra marathon that I'm going to into in October, I am completely expecting to dnf in this ultra marathon. So it's only four months time. I had basically not run in years like I've sashes eight and I don't think I've really ran in ies. Okay. And I was never really a run out before that. So for me to get in shape, I'm within four months to run an ultra marathon, which the trial runs as well. So you're running in the bush, you running up steep hills, downstate pills, so it's not just on flat road or anything like that. So it's more difficult again. So the chancellor may in four months to be able to realistically run 50 kilometers, uh, and to be able to do it is quite slim.
So I'm fully expecting to dnf at this ultra marathon that I'm entering in October. Um, so, so why does this matter? Like, why am I talking about this today? Why should you care? And the me and my goal setting, I'm always setting goals that I'm totally happy to dnf on these goals because they're not either unrealistic, but it's really difficult and that they require you to change as a person in order to achieve them and you can't predict that change. So for me, running like an ultramarathon I need to change so much as a person. Not only do I need to run a lot and build up my fitness of which I have non, like close to none, uh, not only do I need to do that, but like I need to learn so much about running, about trail running, about hydration, about you know, what you need to eat, all that sort of stuff.
I'm also a vegetarian as well. And so that I think might make it harder in order to push your body to these limits. And so there's so many things that I need to learn about that I need to grow and change as a person in order to achieve this goal and if I don't grow and change enough in the time period that I have, then I wanted to achieve it so I could set a goal of running a five k and I could easily achieve that. I wouldn't need to change as a person to achieve that. In fact, like I've already done a five k, you just go out and you run it. You don't, you just don't stop and you just do it. Right? Like I don't need to change. It's not a stretch for me in order to achieve that. And so I feel like a lot of people out there set really boring goals, um, lack of lack of five k and if you love running five k, then you know, more power to you.
I think it's a great race. Um, but it's just, yeah, I want us to change as a person. And so it's not for me. So this is nothing against like five k races or anything like that. But I feel like most people in their life, not just when it comes to running, but when it comes to their finances or when it comes to their career and when it comes to things like that, they set these really boring goals that are really achievable for them, that they're. There's really small incremental steps and that their goals were they weren't need to change or they won't need to grow as a person in order to achieve those goals. So the first time I heard about this concept was in a book called the four hour work week by Tim Ferris. If you haven't read that book, you definitely should go on property.com dot a u four, one slash four hour and you can check out that book is less about working a four hour workweek than it is about 10 x your productivity.
But really good book. But in that book, Tim Ferriss talks about this idea that if you set a boring goal, that's quite achievable.