How To Be Moderately Successful.

Mike Scott

Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/

  1. 1D AGO

    EP54 How To Actually Get Better At Something

    Send us Fan Mail In this engaging conversation, Mike Scott and Troye S Wallett explore personal finance, wealth building, and effective strategies for financial independence. They discuss practical systems, mindset, and first principles to help listeners optimize their financial future.  keywords personal finance, wealth building, financial independence, investment strategies, automation, budgeting, personal wealth, financial planning, index funds, crypto  key  topics Personal wealth definition and emotional aspect Automated financial systems and envelope method Investment strategies: ETFs, crypto, and index funds Importance of shared financial goals in partnerships Adapting financial plans over different life stages "Getting rich slowly is actually pretty easy." "Finance is difficult, but it’s worth the effort." "The hard things in life are the ones worth doing." Chapters 00:00 Introduction to Personal Finance 05:19 Defining Personal Wealth 10:16 Creating a Personal Finance Plan 17:09 Communication in Financial Partnerships 20:09 Investing Principles and Strategies 21:55 The Importance of a Financial Plan 27:05 Understanding Investment Strategies 32:21 The Evolution of Financial Mindset 36:48 Establishing Financial Bare Minimums 42:16 Final Thoughts on Personal Finance  resources The Barefoot Investor - https://www.amazon.com.au/Barefoot-Investor-Scott-Pape/dp/0730385624 Profit First - https://www.amazon.com/Profit-First-Transform-Your-Binance/dp/0735214140 Morgan Housel - Psychology of Money - https://collabfund.com/blog/morgan-housel-the-psychology-of-money/ Scott Pape - The Barefoot Investor - https://barefootinvestor.com/ Warren Buffett Quote - https://www.investopedia.com/terms/w/warrenbuffett.asp Find out more about  working with me or about applying to join the ILN.  mike@smbmastery.com.au  https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    49 min
  2. APR 8

    EP53 Breaking Down Personal Finance

    Send us Fan Mail In this engaging conversation, Mike Scott and Troye  Wallett explore personal finance, wealth building, and effective strategies for financial independence. They discuss practical systems, mindset, and first principles to help listeners optimize their financial future.  keywords personal finance, wealth building, financial independence, investment strategies, automation, budgeting, personal wealth, financial planning, index funds, crypto  key  topics Personal wealth definition and emotional aspect Automated financial systems and envelope method Investment strategies: ETFs, crypto, and index funds Importance of shared financial goals in partnerships Adapting financial plans over different life stages "Getting rich slowly is actually pretty easy." "Finance is difficult, but it’s worth the effort." "The hard things in life are the ones worth doing." Chapters 00:00 Introduction to Personal Finance 05:19 Defining Personal Wealth 10:16 Creating a Personal Finance Plan 17:09 Communication in Financial Partnerships 20:09 Investing Principles and Strategies 21:55 The Importance of a Financial Plan 27:05 Understanding Investment Strategies 32:21 The Evolution of Financial Mindset 36:48 Establishing Financial Bare Minimums 42:16 Final Thoughts on Personal Finance  resources The Barefoot Investor - https://www.amazon.com.au/Barefoot-Investor-Scott-Pape/dp/0730385624 Profit First - https://www.amazon.com/Profit-First-Transform-Your-Binance/dp/0735214140 Morgan Housel - Psychology of Money - https://collabfund.com/blog/morgan-housel-the-psychology-of-money/ Scott Pape - The Barefoot Investor - https://barefootinvestor.com/ Warren Buffett Quote - https://www.investopedia.com/terms/w/warrenbuffett.asp Find out more about  working with me or about applying to join the ILN.  mike@smbmastery.com.au  https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    45 min
  3. MAR 18

    EP52 Zone 2: The Key to Performance

    Send us Fan Mail In this conversation, Mike and Troye delve into the concept of Zone Two training, exploring its physiological basis, benefits for both physical and mental health, and its application in business performance. They discuss how maintaining a Zone Two intensity can lead to improved cardiovascular health, better mental clarity, and a more regulated nervous system. The conversation emphasizes the importance of building capacity through consistent training and how this approach can be beneficial not only for athletes but for anyone looking to enhance their overall well-being and performance in various aspects of life. Takeaways Zone Two training is the intensity you can maintain for a long time. It helps in regulating the nervous system and reducing anxiety. Building capacity through Zone Two training is essential for performance. You can engage in Zone Two training through various activities like walking, running, or cycling. Nasal breathing is a key indicator of being in Zone Two. Zone Two training can lead to better sleep and mental clarity. It's important to avoid going too hard or too slow in training. The benefits of Zone Two training extend beyond physical fitness. A sound body and mind are crucial for success in any endeavor. Consistency in Zone Two training can lead to significant improvements over time. Chapters 00:00 Introduction to Zone Two Training 00:58 Understanding Zone Two Training 03:55 The Importance of Zone Two Training 06:54 Performance and Mental Health Benefits 09:55 Zone Two in Business Context 13:30 The Connection Between Physical and Mental Performance 19:03 Physiology Behind Zone Two Training 23:15 Practical Application of Zone Two Training Zone Two Training, Triathlon, Physical Health, Mental Clarity, Exercise Benefits, Cardiovascular Health, Business Performance, Stress Management, Endurance Training, Healthy Lifestyle Find out more about  working with me or about applying to join the ILN.  mike@smbmastery.com.au  https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    28 min
  4. MAR 4

    EP51 Mastering Cash Flow for Business Success

    Send us Fan Mail Summary In this conversation, Mike and Troye delve into the critical topic of cash flow, exploring its significance in business success. They discuss the evolution of business metrics from revenue to cash flow, emphasizing the importance of understanding cash flow as a leadership and management tool. The conversation also covers practical techniques for managing cash flow, including forecasting and analyzing past cash movements. Finally, they outline seven key strategies for improving cash flow, providing actionable insights for business owners. Takeaways Revenue means nothing without margin. Profit is important, but cash is the ultimate reality. Cash flow is the movement of cash in and out of your bank account. Understanding cash flow helps in making better business decisions. You should focus on generating free cash flow for business success. Increasing prices can be a quick way to improve cash flow. Improving debtor days can significantly impact cash flow. Cash flow management is a leadership tool, not just a finance tool. Scenario planning is essential for effective cash flow management. Building reserves gives businesses optionality and resilience. Chapters 00:00 Understanding Cash Flow: The Foundation of Business Success 10:38 The Evolution of Business Metrics: From Revenue to Cash Flow 19:39 Measuring Cash Flow: Tools and Techniques 26:21 Seven Levers to Improve Cash Flow 35:25 Shifting Mindsets: From Operator to Capital Allocator cash flow, business success, revenue, profit, financial management, leadership, cash flow management, business metrics, financial health, cash flow strategies Find out more about  working with me or about applying to join the ILN.  mike@smbmastery.com.au  https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    39 min
  5. FEB 20

    EP50 Is Accountability all it's cracked up to be?

    Send us Fan Mail Summary In this episode, Mike and Troye delve into the complexities of accountability and habit tracking, exploring how these concepts relate to personal growth and behavior change. They discuss the importance of environment, identity, and motivation in facilitating change, while also challenging traditional views on accountability mechanisms. The conversation emphasizes the need for a supportive environment and a clear understanding of what is at stake in order to drive meaningful behavior change. Takeaways Accountability can be perceived differently by individuals. Setting up the right environment is crucial for behavior change. Identity plays a significant role in how we approach change. Understanding what is at stake can motivate behavior change. Habit tracking may not work for everyone; it's about finding the right mechanism. Motivation can fluctuate; it's important to recognize where you are in the change process. Behavior change often requires a gradual approach rather than a sudden shift. The people you surround yourself with influence your behavior and values. Exploring the reasons behind habits can lead to better understanding and change. Creating a framework for change involves aligning identity, environment, and motivation. Chapters 00:00 Introduction and Acknowledgment of Feelings 02:45 Exploring Accountability and Habits 05:15 The Role of Environment in Behavior Change 08:09 Identity and Commitment to Change 11:06 Motivation and Stages of Change 13:36 The Stakes of Behavior Change 16:28 Shifting Perspectives on Status and Behavior 19:29 Practical Strategies for Behavior Change 22:22 Conclusion and Framework for Change Keywords accountability, habit tracking, behavior change, motivation, environment, identity, personal development, mindfulness, meditation, self-improvement Find out more about  working with me or about applying to join the ILN.  mike@smbmastery.com.au  https://www.linkedin.com/in/mikeadamscott/ https://theintentionalleaders.com/

    29 min

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About

Building a business is hard. Maintaining healthy relationships with those that you care about is hard. Staying fit and healthy in your body, your mind and your emotions is hard. This podcast is about finding and sharing tools, strategies and experiences that may help you to achieve and maintain moderate success in your life, whatever that means to you. There is a ton of content created by the billionaires, the ultra successful athletes, and by people that are at a level that the vast majority of us will just never get to. And if you're anything like me, you're totally okay with that. This is a place where we talk about how to build a great business, but not necessarily a massive one. A place to talk about how we build a life that is balanced and integrated, but not necessarily optimised to levels that are not realistic for most of us. In short, it's a place where we explore how to be moderately successful. The work will always remain yours, and for the most part, it's simple, but not easy.I sincerely hope it's valuable to you.-MikeIf you want to talk about working with me get in touch on mike@smbmastery.com.au or https://www.linkedin.com/in/mikeadamscott/

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