Podcast
Questions and Answers
What is one of the key components of lifestyle design according to the text?
What is one of the key components of lifestyle design according to the text?
- Procrastination
- Indecisiveness
- Automation (correct)
- Perfectionism
What are the four steps involved in lifestyle design according to the text?
What are the four steps involved in lifestyle design according to the text?
The four steps involved in lifestyle design are definition, elimination, automation, and liberation.
The new rich create luxury lifestyles in the present using ______ and mobility.
The new rich create luxury lifestyles in the present using ______ and mobility.
time
True or false: The new rich believe that retirement planning is unnecessary.
True or false: The new rich believe that retirement planning is unnecessary.
Reality is negotiable and all rules can be ______ or broken.
Reality is negotiable and all rules can be ______ or broken.
How do the new rich create luxury lifestyles in the present?
How do the new rich create luxury lifestyles in the present?
According to the text, what should retirement planning be viewed as?
According to the text, what should retirement planning be viewed as?
True or false: The concept of lifestyle design involves only one step.
True or false: The concept of lifestyle design involves only one step.
According to the text, why should retirement planning be viewed as a hedge?
According to the text, why should retirement planning be viewed as a hedge?
True or false: Different is always better than the norm, regardless of the situation.
True or false: Different is always better than the norm, regardless of the situation.
What is the importance of mini-retirements according to the text?
What is the importance of mini-retirements according to the text?
Lifestyle design involves definition, elimination, ______, and liberation.
Lifestyle design involves definition, elimination, ______, and liberation.
What is the importance of fear-setting according to the text?
What is the importance of fear-setting according to the text?
How does the text differentiate between eustress and distress?
How does the text differentiate between eustress and distress?
True or false: Money is the only factor that can contribute to one's happiness.
True or false: Money is the only factor that can contribute to one's happiness.
The new rich have distinct priorities and life ______.
The new rich have distinct priorities and life ______.
True or false: Fear-setting and escaping paralysis cannot lead to achieving one's dreams.
True or false: Fear-setting and escaping paralysis cannot lead to achieving one's dreams.
What is the importance of relative income according to the text?
What is the importance of relative income according to the text?
Retirement planning should be viewed as a hedge against ______-case scenarios.
Retirement planning should be viewed as a hedge against ______-case scenarios.
In terms of income, what is more important according to the text?
In terms of income, what is more important according to the text?
How does the text suggest one can achieve their dreams?
How does the text suggest one can achieve their dreams?
Mini-retirements are necessary to distribute recovery and ______ throughout life.
Mini-retirements are necessary to distribute recovery and ______ throughout life.
What is the philosophy of the new rich?
What is the philosophy of the new rich?
Doing less meaningless work is not ______.
Doing less meaningless work is not ______.
The timing is never right for important ______.
The timing is never right for important ______.
According to the text, why is doing less meaningless work not laziness?
According to the text, why is doing less meaningless work not laziness?
The options for being one of the New Rich are ______.
The options for being one of the New Rich are ______.
What is the role of mini-retirements in life, according to the text?
What is the role of mini-retirements in life, according to the text?
Different is better when it is more effective and more ______.
Different is better when it is more effective and more ______.
What is the attitude towards risks according to the text?
What is the attitude towards risks according to the text?
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Study Notes
- The new rich create luxury lifestyles in the present using time and mobility.
- Reality is negotiable and all rules can be bent or broken.
- Lifestyle design involves definition, elimination, automation, and liberation.
- The new rich have distinct priorities and life philosophies.
- Retirement planning should be viewed as a hedge against worst-case scenarios.
- Mini-retirements are necessary to distribute recovery and enjoyment throughout life.
- Doing less meaningless work is not laziness.
- The timing is never right for important things.
- The options for being one of the New Rich are limitless.
- Different is better when it is more effective and more fun.
- "Someday" is a disease that takes dreams to the grave.
- Ask for forgiveness, not permission.
- Emphasize strengths, not weaknesses.
- Money alone isn't the solution to happiness.
- Relative income is more important than absolute income.
- Eustress is good, distress is bad.
- Fear-setting and escaping paralysis can lead to achieving dreams.
- Risks aren't that scary once you take them.
- Unsolicited job offers may come after taking risks and pursuing dreams.
- Clients often wish they could pursue their dreams but feel they can't throw it all away.
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