All posts by kieren001

You SHOULD take a mini-retirement – Here’s how I made mine a success

Mini-retirement 00I have recently taken a 5 month mini-retirement from my most stressful job. Mini-retirements are becoming quite popular (well popularised in The 4-Hour Workweek by Tim Ferriss) so I thought I would give it a try.

I have taken time off from work for extended periods before, for various reasons but this was the first time where I had specific intentions. This post will give an outline that I followed and can serve as a starting point for you to design your own.

The “How to” part:

  1. Understanding your why

Make sure you know why you’re taking this time out, otherwise it’s just another holiday.

I needed some recovery time after a very exhausting and stressful few months so that I could think clearly again.

Having reached another milestone in my life design, I wanted to review whether it was still what I wanted and then put together a specific plan (always realising that this may change) for the next phase.

  1. Your plan is your compass

If you don’t have a plan, you will probably end up getting side tracked and before you know it your time is up and you haven’t achieved your “Why”.

My plan involved:

  • Winding down by focusing on one of my active income streams and sorting out the admin that normally got de-prioritised.
  • Travel and spending quality time with family and friends. Travel always inspires me and spending time with family and friends allows me the opportunity to soundboard ideas
  • Self-reflection to confirm if my life design was still what I really desired and would fulfil my purpose and then put a plan together for the next phase of achieving it.
  1. Funding

Make sure that you have sufficient funding to be able to achieve the plan you have and any unforeseen expenses that may arise.

As part of my life design I have numerous active and passive income streams so was able to take the time off without any concerns.

  1. Request leave (… or leave)

Nora Roberts said: “If you don’t ask, the answer is always no”, so ask and if it’s something you really want to do, if the answer is no, then leave.

I asked, and they said yes.

  1. Just Do It!

It took a long time to slow my mind down going from ludicrous to sports mode (Yes, I’m a Tesla fan). Eventually I got to the point where I could think clearly again and through following the rest of the plan I had set out it reinforced what’s important in life. I did get to see some interesting places on my travels:


Mini-retirement 1 Experienced the extremes of New Zealand’s environments (harsh Milford Sound vs tranquil Lake Matheson)


Mini-retirement 2And the extremes of Kuwait (lovely city in the harsh dessert)


Mini-retirement 3Ending up in Germany (from the Bavarian Forrest to Dusseldorf area)


Mini-retirement 4
Seeing some interesting fauna along the way

  1. Post-retirement

Know what you want to do post retirement. Some people go back to the way things were having had a break, others make drastic life changes, like quitting and take their careers in a completely different direction. In the end, it’s what you make of it that determines the benefits you see afterwards.

Even though my mini-retirement wasn’t overly exciting, it helped me feel mentally refreshed, psychologically energised, and overall happier and more productive. I am now looking forward to achieving the plan for the next phase of my life design!

Conclusion

Mini-retirements aren’t for everyone, but they can be a self-reflective, eye-opening experience, as it was for me. Contact me if you want to know more.

Outsourcing – just a financial decision?

Outsource Worldwide Represents Independent Contractor And ResourcesI used to a strong advocate of outsourcing everything that could be done cheaper by somebody else and used to push others to do the same. Below are the steps I consider now, and why.

I spent a lot of time trying to figure out what my time is worth so that I can easily decide what I should do myself and what I should outsource, because it would be cheaper.

If you want to do these calculations, you can search for numerous methods online, one good one that I found is: Calculating the Value of Time: How Much is Your Time Really Worth?

After I calculated what I felt my time is worth, I started to decide what I should or shouldn’t be doing myself. For example, should I put my own tracker together when my time is worth, say, $100/h or get somebody else to develop it for $20/h? Financially it makes more sense to get somebody else to do it, BUT then I started to consider the following:

  • What else would I be doing with my time?: If I got somebody else to do it, would I be making $100/h, or would I be procrastinating on something and not making anything. There is the option to spend more time with family of friends which is worth a whole lot more than $100/h… but do they have the extra free time to spend with you? 
  • Sometimes there’s more to the work than the output: The thought process that goes along with the setting up of the tracker is worth a lot more than the $75 “saving” and cannot be outsourced. So I would be either losing out on the thinking and in the long term losing a lot more on a sub-standard tracker or would be spending the same amount of my time thinking about the tracker as it would take me to build it myself, meaning that I would be paying more for the tracker (the $25 for the tracker development and the $100 for my time to think about what is needed).
  • What if I enjoy doing it?: What if I enjoy putting the tracker together and find it stimulating and/or relaxing. I may want to do this rather than watch a movie to relax. 

This highlighted to me that deciding what to outsource, is more than just the financial consideration. Don’t get me wrong, I strongly advocate outsourcing and think it is critical in any business or personal success, but I consider the following now as well:

  1. Prioritise: How important is this activity? How urgent is it? Should it be eliminated, automated or delegated. Look up Eisenhower’s Urgent/Important principle and the Focus Funnel for further prioritisation principles… 
  2. Scenario: Is this a once off activity or recurring? What thinking behind this activity is required and can (or should) it be outsourced? How much joy would I get out of completing this task?
  3. Resources: Do you have the right resources to complete the task or would it take longer to find the right resources than it would to complete a once off task, for example?
  4. Optimise (Minimise/Simplify):  If it is an activity to be outsourced, can it be reduced or simplified? Can it be integrated into something else? Can other important things also be included?

I also find that sometimes I will outsource work even if I am paying more than my time is worth, this could be for a number of reasons, including: the quality would be so much better if somebody else did it, or there were legal implications so I cannot do it, or I just really don’t want to do it, etc

Now, I:

  • don’t spend a lot of my valuable time calculating what my time is worth anymore,
  • consider the 4 aspects above before outsourcing, and
  • don’t push others to outsource as much because I don’t know their priorities or scenarios. I will ask the question whether it is something that can be outsourced, and leave the decision up to them.

Select a meditation routine that works for you

MeditateMeditation, like most practices in life is very person specific. There is no right or wrong meditation practice and there is no failure when meditating. A lot of people, including myself at the start, think that if your mind isn’t completely clear and it drifts off into thought, then it was a complete failure. As soon as I realised that just trying to meditate, no matter how much my mind drifted was a successful meditation practice, the better I felt about the practice and the calmer my life in general became.

I now practice an active meditation almost every day, normally yoga or jogging in the morning and when I feel that there is something specific on my mind, I practice an insight meditation (sometimes while taking a walk).

Getting into this routine was not an easy journey, I tried a number of different kinds of meditation for a few weeks each to see which style works best for me. See more detail of what each type is later in the blog.

I started with a mantra meditation, during this time I went through a number of different emotional states from very flat energy levels and mood to high. It didn’t feel like any of these were attributed to the meditation though, I didn’t feel much different as I progressed and battled to focus during the meditation sessions. I did this for longer than a few weeks to give it a chance and changed up the mantra from repeated positive affirmations to repeating “Aum!”s for 10 minutes per day, normally in the morning.

Next I tried insight meditation, thinking through things that were distracting me or on my mind at the time from my health, to work, to relationship issues, to financial areas. After each session I found that I had a plan or a better understanding of my feelings concerning the topic and that my mind was a lot more at ease. I did find that it wasn’t as beneficial if I had to try find something to meditate on but very effective if it was something I was already worried about so this may not be for a daily meditation but when I have something specific on my mind.

I then tried mindfulness (vipassana) mindfulness meditation. I tried focussing on sounds as well as breathing (vipassana). I did find myself a little calmer after each session, nothing life-changing though. It does take a lot to get my monkey mind to calm down. Using this technique definitely helps when used as a foundation to the other meditation techniques.

The next thing I explored was active meditation, firstly by doing 20 minutes of yoga every morning… I have found this extremely useful to get my day started well. I feel more relaxed and because it is active, my body feels stronger and more flexible as well. I then tried active meditation while taking a 10 minute walk, which got me focussed but it wasn’t as relaxing as the yoga. Lastly I tried it while jogging and found this very useful.

Lastly, I tried guided meditation, this included guided meditations found on YouTube, using apps like Calm, Headspace and Oak. I found this helped me focus and made it easier than the Vipassana meditation but struggled with the calming voice in that I would fall asleep during the meditation. I also didn’t find that the overall calming benefits were as good as the active meditation for me.

I suggest trying different types of meditation and seeing what works best for you. When you find something that works, add it as part of your routine and remember if you feel like you don’t have time to meditation, that’s when you need it the most.

More info on each type of meditation

There are different schools of thought regarding what is considered meditation and what isn’t, and what various categories of meditation there are. These are the ones five categories which I feel encompass most types of meditation:

1. Mantra/Affirmation meditation

MantraThis type of meditation involves repeating a phrase or word. The phrase acts as an anchor to clear your mind. The Transcendental Meditation (TM) movement has made mantra/affirmation meditation a popular form of meditation. Essentially, the vibrations of the word or phrase are supposed to act as an anchor, as well as a stimulant to allow for a clear mind.

You can use a poem or song as your mantra. Try to visualise it in your mind’s eye and just focus on the first word of your mantra for 10-15 seconds (don’t worry about being exact because that defeats the purpose). Then clear your mind and either mentally or audibly repeat “Aum!” deeply and slowly three or four times, then move onto the next word…. Continue through the entire mantra until you get to the end.

You can also repeat a positive affirmation or phrase (Tony Robbins style) such as: “I am great, I am a good person, I am a strong person, etc..” Or meditate on any particularly motivational or inspirational quote that will force you to focus on positivity.

What you use as your mantra or affirmation is completely up to you. Just use what works for you and what you’re comfortable with.

2. Insight meditation

InsightInsight meditation is designed to explore and focus on one thought or feeling. Before starting an insight meditation, it’s important to have a very calm mind. It might be useful to begin with a breath (mindfulness) meditation to quiet your monkey mind. Once you feel calm and relaxed, you’re ready to move into your insight meditation.

Pick a topic. Any topic. It could be “love” or “anger” or “justice” or even “death.” Once you have your topic, allow your mind to just run. Don’t try to control what thoughts come to you. Just let these thoughts pass. Don’t judge them or try to self-edit them.

Sometimes it is helpful to think of a negative topic like “hate” and let your mind run. You might be surprised by what pops up in your mind, but don’t judge. Just let your mind do its thing. Sometimes it’s helpful to explore why you associate the images popping up into your head with the word “hate,” and then try to release that negativity.

If you are going to do an insight meditation with a negative topic, it’s important to end your session focusing on something positive. You don’t want to leave your meditation on a sour note. Plus, ending on the positive may give you a better picture of how you really feel about a topic. You may discover that a thought you associated with a negative topic ends up returning as a positive association.

Insight meditation is extremely useful in clearing your mental garbage. It forces you to explore and make connections you may have long forgotten about, but that are still affecting you on a subconscious level.

3. Mindfulness meditation

MindfulnessThe goal of mindfulness meditation is to relax and calm your “monkey mind.” What’s the monkey mind? It’s the constant and restless shifting of thoughts that goes on in your head all day. Mindfulness meditation seeks to quiet the thoughts controlling your attention and to direct your attention to one thought or sound that serves as your “anchor.” Your anchor could be the sound of water flowing, the repetition of a word, or even your own breath.

This is normally done in 15-30 minute sets. It’s a wonderful tool for relaxation, or to act as a primer for spiritual work or another form of meditation. When thoughts come into your mind (and I promise they will) simply try to dismiss them. You may find that a single and pressing thought keeps reoccurring. If that’s the case, take the time to ponder why that thought is so important right now.

One useful mindfulness meditation technique is the Buddhist breath meditation, “vipassana.” In vipassana you simply observe your breath or use a “breath set” to anchor your thoughts. For a breath set, inhale and count (1, 2, 3, etc.), and once you reach your set, exhale and count (1, 2, 3, etc.). Repeat.

Simply observe the sensation of the breath entering your nose/mouth, entering and filling your lungs, and then being released through your nose/mouth. As thoughts come into your mind, try to dismiss them and get back to focusing and observing your breath.

4. Active Meditation

active.jpgThis type of meditation involves physical activity to allow your body and mind to get into sync, which allows you to experience peace, calm, and clarity. Many people practice/experience this without even knowing it. Ever feel “in the zone” while playing a sport? Perhaps you’ve heard of people “losing themselves in the beat” while dancing. Or maybe you’ve experienced the “runner’s high.”

This type of meditation can be as simple as going for a walk, practicing yoga, dancing, or simply working out. Just as in mindfulness meditation, the key is to clear your mind and use the workout or physical movement as an “anchor” to clear your mind of mental garbage. Simply focus on the movement of your body, and the activity immediately in front of you. And if thoughts keep popping up, dismiss or explore them based on their importance. You can also repeat a mantra or positive affirmation in the activity to provide another anchor or stimulation.

5. Guided meditation

GuidedThese meditations are guided by someone (in person or via audio) who takes you through a certain scenario, or even an archetypal dream-type world. You can create your own guided meditation by developing a “plan” for your meditation.

Guided meditations allow your imagination to run wild and to really explore mental associations in a very active way. Think of guided meditation as watching an amazing movie where you’re the writer, director, and star.

For example, in your guided meditation you can imagine visiting your younger self to work through issues, have a conversation with a deceased loved one to finish some unsettled business, or even ask advice from some great man that you admire. The possibilities are limited only by your imagination.

Why I don’t take paid surveys

No paid surveysThere are hundred, even thousands of sites and apps that will pay you money to do various mundane tasks. Some examples of the things you can do to make money on these sites are:

  • Take surveys
  • Visit websites (Pay per click)
  • Shop online through their links
  • Enter competitions
  • Watch ads
  • Play games
  • Refer others, etc

These sites don’t pay much per task but some might say that it’s money for doing nothing. Below are some of the sites I have tried using. For the past month I tracked the time vs income to determine if these sites are worth the time. The table below indicates how much money was made for the amount of time spent. Some of the criteria: I do not spend any money on these besides that of time and internet costs, no once-off initial incentives are included and no referrals were made. Some are only available in certain countries and as you are not all from those specific countries, I will not use those that couldn’t be accessed from anywhere.

Note that this is not a survey to see which is the best site or anything similar but only to try and determine whether it is worthwhile to make use of these types of sites.

The sites that I have tried in the past include (note that I do not receive any commission from mentioning these sites as I am not promoting them, quite the opposite):

YouGov

Paidtoclick.in

Twodollarclick.com

The Panel Station

Paid to click table

 

As can be seen from the table above, the average rate at which you can earn money from these types of site vary however are all much less than what your time would be worth doing other types of work (remember these numbers exclude the internet connection, power usage etc). For those people who do not pay for internet and who have far too much free time on their hands then this may be a good idea to make money. However I feel that one’s time can be better spent doing numerous other things which in the short or long run will be a lot more profitable than completing these types of tasks.