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The Intrinsic Value Podcast - The Investor’s Podcast Network

MI291: How to Create a Great Life w/ Kevin Dahlstrom

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 11 September 2023

⏱️ 74 minutes

🧾️ Download transcript

Summary

Patrick Donley (@JPatrickDonley) sits down with Kevin Dahlstrom to chat about how to create your ideal life. They do a deep dive into Kevin’s 17 point Twitter thread that went viral on how to lead the life you dream of. You’ll also learn more about the importance of minimalism and keeping a low burn rate to give optionality to your life, how much money you’ll need for this lifestyle, what smart money moves the wealthy make, three behaviors that will put you ahead of 99% of people, plus much, much more! Kevin is well known on Twitter for good reason and cranks out content that will improve your life. He was the founder of several start-ups, the CMO of two public companies, and has invested in over 70 private equity and real estate deals. Kevin is married with two children and lives in Boulder, Colorado. In his free time, he is an avid rock climber. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro. 02:51 - What the inspiration was for Kevin to write his Twitter thread on leading a great life. 03:58 - How to avoid becoming one-dimensional and build a multi-faceted life. 05:33 - What the elderly talk about that was most important to them. 08:12 - How to go about determining and creating your ideal life. 12:02 - What it was like for Kevin to reboot his life and walk away from traditional notions of “success”. 15:43 - How Kevin found minimalism and how it has benefitted his life. 21:29 - How to calculate how much money you’ll need to lead your ideal life. 28:47 - What are the smart money moves that the wealthy make? 31:37 - Why investing in real estate is an important part of wealth building. 35:43 - How an illness during college forced Kevin to focus on health and fitness. 41:08 - Why writing is a superpower. 45:14 - How 1000 true fans can change your life. 47:58 - Why it is so important to avoid dumb mistakes. 54:52 - How to find your place and your tribe. 58:50 - Why it is important to give back. 01:02:43 - The importance of learning to say no. 01:03:46 - The importance of compounding. 01:06:18 - What the 3 behaviors are that will elevate you above 95% of all people. 01:07:53 - Why the search for truth is vital for a great life. 01:20:03 - How to avoid the dangers of comparison. *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. The Everything Guide to House Hacking by Robert Leonard. Kevin’s thread on leading a great life. Compounding podcast- Mr. Money Mustache. Your Money or Your Life by Vicki Robin. Outlive by Dr. Peter Attila. 1000 True Fans by Kevin Kelly. The Artist’s Way by Julia Cameron. Atomic Habits by James Clear. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick: Twitter Connect with Kevin: Twitter Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:02.2

Yeah, I mean, first, just to touch on this notion that you mentioned of the time billionaire,

0:05.8

the basic idea there is if you're under 40 or, frankly, even if you're over 40 these days,

0:10.8

you've got roughly a billion seconds or more to live in your life.

0:15.1

And that's actually the most valuable currency.

0:17.8

And the ultimate question is, how are you going to spend that time? And I argue that

0:22.4

ultimate success is control over you, how you spend your time. And of course, you know, a lot of the

0:27.8

things you want to do with your time do take money, but it's often not as much as you think. And that

0:32.3

leads me to kind of this exercise that you mentioned of, you know, what I call defining your ideal

0:37.1

end state.

0:40.8

Hey, everybody. In this week's episode of Millennial Investing, I got to sit down with Kevin

0:44.9

Dahlstrom to chat about how to create your ideal life. We did a deep dive in Kevin's 17-point

0:49.9

Twitter thread that went viral on how to lead a life that you dream of. You also learn about

0:54.5

the importance of minimalism and keeping a low burn rate to give yourself optionality in life,

0:59.4

how much money you'll need to fund your lifestyle, what smart money moves the wealthy make,

1:04.1

three behaviors that will put you ahead of 99% of all people plus a whole lot more. Kevin is well

1:09.1

known on Twitter for good reason and cranks out content that will improve your life. He's the founder of several startups. He was a chief marketing officer of two public companies, and he's invested in over 70 private equity and real estate deals. Kevin is married with two children and lives in Boulder, Colorado, and in his free time, he's an avid rock climber. This interview was a real treat

1:28.4

for me. I hope you guys get a lot out of it, but more importantly, I hope you implement some of

1:32.4

the ideas that Kevin discusses. And so, without further delay, let's get into this week's

1:37.7

episode with Kevin Dalstrom. You're listening to Millennial Investing by the Investors Podcast Network, where your hosts, Robert Leonard, Patrick Donnelly and Kyle Greve, interview successful entrepreneurs, business leaders and investors to help educate and inspire the millennial generation.

2:09.2

Hey. Hey, everybody. Welcome to the millennial investing podcast. I'm your host today, Patrick Donnelly,

2:14.8

and joining me today is Kevin Dahlstrom. Kevin, welcome to the show. Hey, Patrick. Thanks for having me on. I'm excited to chat. I'm excited too. I've been looking forward to this one. I wanted to talk a little bit. You've been the founder of at least four companies. At least, I think probably more than that. You've had a recent venture swell, which we may get into. You've also been the chief marketing officer of two public companies. And I think you've been involved in over maybe 70 private equity

...

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