• 02:27:33 am on September 17, 2008 | 17
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    Scott’s Life Purpose

    Scott has been with us since before Day 1 (I think that I mentioned that we ‘met’ via a question that he sent me on NetWorth IQ?); I think you will enjoy reading this post as much as I did. However, Scott, same question as for Ryan: what do you think it will take to live this kind of life (in time, and money terms) … in a general sort of way – we’ll get to the specifics soon enough?

    Honestly, I’ve been working on discovering my life’s purpose for quite some time now. Being a student of many successful speakers, authors and success coaches for a few years now, the importance of finding one’s life purpose has been stressed to me in past teachings. But as Adrian has pointed out, this is no quick or easy task! Narrowing down your purpose for existence is very difficult to do in a sentence or a few written words. However, I have been able to ask myself a few very important questions that have revealed a thing or two about me. The first question has to be: What are the things that I value most in my life now? And to that I would have to say that my family, my health and any personal freedom I do have away from the “busi-ness” of work to focus on family and health. The second question that has helped lead me to my purpose is: If I no longer had to work, what would I be doing with my time? And to that, of course having more time with my family, having more time to exercise, get the proper amount of rest and other necessary healthful activities, make the best food choices for myself and my family and after these things, I would have to say that I would look for ways to spend my time helping others using any knowledge I’ve acquired along the way in any way I can.

    Also helping me discover my life’s purpose was a serious of “Don’t Wants.”  One of which has been overwhelmingly to not be at the mercy of an employer or his/her employees. Setting my own stage, running my own businesses and having the freedom to make choices regarding my work are extremely high on my values list. Also, I feel that working IN my business should be a choice, not an absolute necessity. And at least a third “Don’t Want” for me would be to not want to have the feeling of coming home stressed out, beat down and exhausted from my work. My career is not only mentally demanding and stressful at times(like most careers are), but it is also physically demanding and exhausting when I’m working at the level I need to in order to earn the level of income that I desire. I really want to be able to enjoy my work and not allow it to take its toll on the energy levels that I have for my family as well as not taking a toll on my health.

    When dreaming about the future, with the help of 7million7years.com and 7m7y.com and visualizing accomplishing my life goals, I can imagine sitting on the back porch at the ripe old age of 90, still very sharp-witted, very active and healthy, able to play with grand kids and great grand kids and being able to explain my life’s vision and purpose to them with total clarity. I can imagine telling them “You know kids, the most important thing in life that you can do is to first discover yourself and what your life’s purpose is! You gotta spend more time than anything figuring out everything you really want in life and how you would prefer to spend your time kids! I discovered for myself along the way that FREEDOM was extremely important to me. And I’m not talking about just personal freedom or physical freedom; I’m talking emotional freedom, spiritual freedom and financial freedom. Once we built up enough wealth to cover my and grandma’s dream lifestyle, we no longer had to be confined to work hours, working for someone else, making them rich! We were able to have the freedom to travel the world, to sleep in as many days in a row as we wanted, to experience life to the fullest and to exercise any time we wanted and take care of our bodies, so we could be with you here today as we are, alive and healthy. But most importantly kids, when you have that kind of freedom, you have more time, energy, strength and resources to HELP OTHERS! Yes children, that’s what life’s all about, to enjoy it to the fullest and help others along the way learn how to master THEIR life and experience and enjoy it to the fullest!”

    So I guess by now, you have probably picked out one key word that certainly makes up my life’s purpose…and the word is FREEDOM. And to complete my life’s purpose in one full sentence, it reads:

    “To have the financial, spiritual, emotional and physical freedom to use my knowledge, skills, talents and wisdom to help others.”

    So ask yourself, what would your back porch speech to your grandkids be like someday?

     

Comments

  • Josh 1:11 pm on September 17, 2008 | #

    Hey Scott, I understand you want to help others, but how will you decide who to help?

  • Scott 4:09 pm on September 17, 2008 | #

    @ Josh – I’m not sure I understand your question exactly Josh. I would be willing to help anyone in any way I could.

    As a doctor with 10 years of training and 4 degrees, I not only have a vast amount of knowledge concerning how to help various health conditions, but I also have a master’s degree in exercise physiology and exercise science. So it might be a person with a health challenge that I can help, or maybe an overweight person that is confused by all the false info out there on how to lose weight and I can help them lose weight with the right knowledge, or someone wanting to get into weight training and want to how to achieve their fastest possible results in the minimum amount of time and I can give them the right strategy, or it just may be a young guy in his early 20’s trying to learn the secret to building great wealth and as a multimillionaire, I just may be able to pass on some valuable information or steer him in the right direction early 😉

    Remember, there is no higher purpose than service to others.

  • AJC 5:25 pm on September 17, 2008 | #

    @ Scott – it seems a lot of ‘helping’ can be done through your daily work; why the need to build “great wealth” as a “multimillionaire”? This is the key question for you – as it is for anybody trying to decide their Number.

  • Scott 7:06 pm on September 17, 2008 | #

    I believe that is the part where the freedom comes into play. You see my daily work is not full of ‘helping others’, rather it’s full of insurance paperwork, chasing down insurance claims and other red tape “to get paid” for the work I do. There is only so much you can pay assistants to do, much of it has to be done by yourself in a professional format (in medical jargon) that is acceptable by insurance companies(and lots of it). So about 95% of my efforts go into marketing myself, insurance red tape and ‘hoop jump through’ as well as useless and extremely ridiculous paperwork, while only about 5% of my efforts go into ‘helping people’ (the part I actually love and enjoy about my career). Just ask any doc in ANY field of health care and ask them about it and you’ll get the same answer.

    With great wealth, I could give a damn about chasing insurance and dealing with their paperwork and focus more on the care. If I barely break overhead for the month in the office, who gives a damn, I don’t need the money anyway, right?

  • Josh 7:22 pm on September 17, 2008 | #

    Would you consider starting a business where having a medical degree would be highly marketable but would not accept insurance (hence cut out the red tape + be able to charge what your really worth) possibly something in sports medicine? Maybe it could be a part time gig in the beginning.

  • Scott 7:41 pm on September 17, 2008 | #

    @ Josh – Absolutely, and I’ve already been putting together ideas for a great business plan for it. The trouble is, most people in Kentucky have insurance for the care that I provide and they expect to be able to use it and pay their co-pay and not be a ‘full cash’ patient. If you try to have a cash practice in this state, people go right down the street to the next dr who is more than happy to accept their insurance. I’ve met just about every doc in my field that practices here in Louisville and zero of them run cash practices and the only one’s who tried went out of business in record time.

    Now some states have almost no insurance coverage for the work I do, so most practices in those states are all cash and the very successful marketers and business-minded dr’s do very well there because most people expect to pay cash for services, but once again we are still talking about spending most of your energy marketing yourself and what you do to have a busy practice that is really rocking and cashflowing strongly. It seems that in any situation, you’re wearing the business hat more than the labcoat nowadays.

    It’s the rat-race that I want to get out of and hence why I want to reach my number ASAP as well as enjoy the ‘lifestyle’ I dream of that this money can provide in addition to providing care and helping others.

  • Lee 7:45 pm on September 17, 2008 | #

    Freedom is a really big deal when you stop and think about it isn’t it? For many folks bondage is self imposed. Spending more than they have. Suffering from wrong decisions, wrong actions, wrong words. Hopefully the freedom you will experience will be as a result of doing all the right things.
    Scott I deeply appreciate the examples right attitude and right actions you have already done in your life. Keep on keepin on.

  • Scott 8:10 pm on September 17, 2008 | #

    @ Lee – You got it Lee, I do believe that bondage is self imposed and I can definitely tell as I’ve gotten further out of debt and began to acquire assets, I begin to feel less and less bondage. But I want it gone as much as possible and think/hope? that achieving my number will eliminate much of the bondage as other very wealthy people have told me how it has done that for them.

    Thank you for your kind words of encouragement 🙂

  • AJC 8:28 pm on September 17, 2008 | #

    @ Scott – Honestly, I don’t ‘feel’ it, but that doesn’t mean it isn’t there. I’m going to post on this tomorrow … feel free to weigh in (in fact, PLEASE do so … we’re getting close to something important, I feel).

  • Scott 8:48 pm on September 17, 2008 | #

    @ Adrian – Yeah I do see your point. I guess in my purpose statement, i’m not really being clear and specific to others about the fact that in addition to the freedom and helping people, I still have a ‘dream’ 250k per year lifestyle that I want very badly, ie; world travel, european cars, fine dining. This is in addition to being free to spend more time with family, and help others. In other words, the same as you did/do, right? You wanted to travel spiritually, physically and mentally. I could play devil’s advocate and state how I know a lot of people that did that as hippies in the 60’s, bumming rides all across the country at least, ‘expanding their minds, ie; traveling mentally, by pharmaceutical means’, while on a constant spiritual quest, and they have done that while being practically peniless. When I was in the army, I also had buddies that never made more than 12k per year that were constantly traveling physically, mentally, spiritually and just about any other way you could imagine, all over the world due to their job, in constant flux. However, neither of the 2 examples above required anything close to multi-millions of dollars.

    I guess the point is that anyone could read anyone elses purpose statement and it may not mean very much in $$ sense, but it can mean a lot of $$ to the person whom that purpose statement is attached to…does this make more sense?

  • Scott 8:56 pm on September 17, 2008 | #

    All this actually reminds me of a funny line in one of my favorite movies called “Office Space”. It’s the part where the lead actor is talking to his neighbor about “what he would do if he had a million bucks.”

    He states that if he had a million bucks, he would do absolutely nothing…basically not have to work, not have to worry about anything, etc..

    To which is neighbor replies “Hell, you don’t need a million bucks to do nuthin’ man, just look at my cousin…he’s unemployed and broke and don’t do shxx man..” lol.

  • Diane 3:54 pm on September 18, 2008 | #

    LOL – yes that is exactly true, Scott, about the joke. True about many books which say that we find this when we are true to ourselves and let our artsy self come out – very hippyish. But then your statement on “helping others” rather than simply “doing no harm” is along the same lines. Throw in the beauty queens who want to end world hunger and show the world how everyone can live together.

    Have you thought about doing an ebook on what you’ve been discussing as things you can do to help others? I think you and I might find ways to collaborate on one related to weight loss – you provide the hard data for the analysts and I provide the emotional side (Dave Ramsey-ish way to lose weight?). Could be an added boon. Unless that violates that rule we signed up for (no business between us, rather than just no business between us and Adrian)?

    Good luck in sorting it all out; otherwise all the paths might look the same and you miss the one you want (tho I heard somewhere none of our decisions are unchangeable).

  • Scott 5:04 pm on September 18, 2008 | #

    @ Diane – Yeah I think it would be great to produce an ebook about weight loss or anything. We may be able to come up with some great ideas to get the word out to help clear the confusion for people who want better health and in doing so, develop a great money making 201 tool. Great idea!

  • Mark 1:45 am on September 19, 2008 | #

    Hi Scott, the challenge of having insurance paperwork, chasing down insurance claims and other red tape can be viewed as an opportunity. It is a problem that have to be solved for all doctors (and dentists). Let’s brainstorm – do you see yourself filing up the same information over and over again? Can that information be placed in a database and auto-fill the forms just like how browsers are providing? Can we eliminate steps from the process ala Lean Sigma? Are there software or system out there that solved this problem already? Something to think about.

  • Feeling your Life’s Purpose … « 2:41 am on September 19, 2008 | #

    […] Scott should not at all feel badly in any way when I read his post (and the ensuing comments) and say: Honestly, I don’t ‘feel’ it, but that doesn’t mean it […]

  • AJC 8:18 am on September 19, 2008 | #

    @ Diane – here’s some Dave Ramsey’ish weight loss advice: “don’t eat!” 🙂

    Golden Rule # 2 says: “NO money – or ‘in kind exchange’ – will change hands via this site.” so your e-Book is out!

    http://7m7y.com/about/

    Separate e-Books, maybe?

  • Diane 11:01 am on September 20, 2008 | #

    Not our ebooks – our collaboration is out…:)


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