Becker Private Equity & Business Podcast
Back to the Basics When You’re Struggling 2-18-25
Tue, 18 Feb 2025
In this episode, Scott Becker explores the importance of getting back to the basics when life feels off track—whether in business, investments, fitness, or relationships.
Chapter 1: What does it mean to get back to the basics when struggling?
This is Scott Becker with the Becker Private Equity and Business Podcast. Today's discussion is back to the basics when you're struggling. So here's the deal. Periodically, whether it's in business, investments, eating, tennis or golf, or relationships, I will be not where I want to be.
Chapter 2: What is the middle-aged scorecard?
Like I have something that I talk to my children about, which I call the middle-aged scorecard, which would go through my tennis, golf, fitness, business, investments, diet, closest with friends and family, you know, and is a basic synopsis of how I'm doing and am I happy with how things are and so forth. And periodically, usually when my life gets just a little bit too out of control,
Chapter 3: How can overcommitment affect your life?
I've over-caffeinated. I've committed to too many things. Things all start to bleed into the wrong category. If it was a bar graph, they'd all be showing the wrong color versus the right color if it was a dashboard. And I should be able to create a good dashboard for this.
Chapter 4: What are some basic strategies for improving your diet and lifestyle?
And when it's going poorly, I have to sort of get back to the basics of what I do, whether it's in diet, sticking to drinking a ton of water and easing on the caffeine. If it's businesses and investments, back to sort of categorical on Tuesday mornings, this is who I reach out to, this is what I do. On Wednesdays, this is the newsletter I write. Whatever it might be.
On investing, back to index funds, treasuries, and the allocation we want. In golf, back to relying on the short clubs and stopping, trying to hit the three wood. In tennis, it might be in doubles, back to get the return in place and get to net. On the serve, it might be back to You'll make sure you're scratching your back and knocking that head off your head to get that service motion right.
But the idea is that you have to periodically reset to get yourself back to the basics of the core things that work for you and constant. Unfortunately, throughout life, it's not static. It's a constant adjustment. So we view this as a cardinal rule.
You know, when I get off kilter, when I'm performing poorly on my middle age scorecard, it's this effort to get back to the basics and try and make things work as they're supposed to work. But I think that's the best fix I have for most of these things is back to the basics. Thank you for listening to the Becker Private Equity and Business Podcast.
Again, if you like this episode, send me a text at 773-766-5322. And if you're the first, I'll go ahead and send you a gift card, a $100 Amazon gift card. Thank you for listening to the Becker Private Equity and Business Podcast.
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