Not Your Average Financial Podcast™

Not Your Average Financial Podcast™


Episode 275: [TOOLBOX] The Rare Commodity of Thinking and How to Do It

December 09, 2022

In this episode, we ask:


  • What are the actual steps of thinking?
  • Do you have a process for your thoughts?
  • Do we already know it all?
  • How does one reverse engineer?
  • Have you read The Road Less Stupid by Keith Cunningham?
  • Would you like to avoid the arrival syndrome?
  • What can we improve?
  • How much money would you have in your hands right now, if you could unwind the worst three financial decisions you’ve ever made?
  • What about doing fewer dumb things?
  • What about reading and thinking?
  • What is the skillset?
  • What about taking 30-45 minutes centered around a high value question?
  • What about pain avoidance?
  • What are the core disciplines?
  • Could we all become a bit better at thinking?
  • How many arguments might we avoid?
  • How much would it improve our BMI or waistline?
  • How about adding zeros to your net worth?
  • What is the unasked question?
  • What is the right answer?
  • What is the real problem?
  • What about the right question?
  • How might I ______ …. so I can _________ … ?
  • Would you like to hear Episode 122?
  • How might you separate the problem from the symptom?
  • What are the biggest problems?
  • What about adventures in missing the point?
  • How is the root problem different from the symptom?
    • What are the possible reasons I’m noticing this symptom?
    • What is not happening, that if it did happen would cause the perceived gap to narrow or disappear? 
    • What is happening, that if it stopped happening would cause the perceived gap to narrow or disappear? 

  • Is this an easy task?
  • What about brutal honesty and penetrating questions?
  • What about checking your unexamined assumptions?
  • Where have I been substituting my opinions for real facts?
  • What do I not see?
  • What about considering the second order consequences?
    • What is the downside?
    • What is the upside?
    • Can I live with the downside?

  • What about examining the unintended consequences?
  • What about creating the machine?
  • What about the change that will close the gap?
  • What about getting closer to our desired outcome?
  • What about a new strategy?
  • How might you use the skill of thinking to your advantage?
  • How might you get to the root and take decisive action?
  • Will you sit down by yourself and think?
  • Would you like to meet with Mark?