How to Change Your Life | Ep 939
episodePreviously titled “How to Change Your Life | Ep 997” — renamed by the publisher on Aug 2, 2026
Transcript
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Why are trade-offs essential for achieving your goals?
You're not getting what you want out of your business or your life because you want too many things at the same time. You're not willing to make trade-offs and I will prove it to you. And so in this video, I'll break down the core problem and the way to frame the trades that you make at different seasons in your life. Everything in life has trade-offs and people just need to determine the price versus the value. Like anything, There's going to be both of these things. And so when people say, I can't believe he did this, it's because they're only looking at the cost and not the payout. Now, if you say, hey, that guy made this trade, I wouldn't have made that trade, awesome. And that's why you don't have to make that trade.
Right. And so let me give you kind of like a frame of mind for this. I was thinking about this because we were, Layla and I were looking at home stuff lately and we're thinking about, you know, buying homes and all that kind of jazz. And one of the things that was such a striking example is that you cannot have it all. There are many examples in life where it is. This is not a I'm sure you've seen it like you can have it all.
What examples illustrate the impossibility of having it all?
You can't. Let me give you the example. If I say I want to have a house that's in a ski town, but I also want it to be near the beach, and I also want it to be secluded, but I also want to have a town and shopping and walking distance, and I also want it to be cozy and not too busy, but I also want it to have lots of space for activities and a yard, I can't have all those things. They are literally structurally impossible for them to all be in the same thing. One, the beach and the snow mountain, probably not going to exist in the same house. If I want to have something cozy versus lots of land and space, probably not going to happen. If I want somebody to be in walking distance but also have a great aerial view, might not happen, right?
And so each of these things, that one could happen in a high-rise downtown. Okay, that one, maybe. But there's going to be some of these that you have to make trades. And I think... basically like confronting that is like the core element of what you have to do in life to move forward. And so many people stay in decision limbo. They stay in purgatory and purgatory translated into reality that they don't achieve what they want.
How can making conscious trade-offs impact your life decisions?
They don't get what they want out of life because they never make a trade to begin with. Right? And so, I'll give you a couple more common ones. Like should I get married versus should I not get married? This is not should I, it's just am I willing to make the trade, right? Should I have kids versus not having kids? Should I sacrifice my 20s versus sacrificing your 30s? There are always trade-offs. Like if you sacrifice your 20s, you will miss out on some of the kind of youthful, fun experiences that some people have. Like that's a trade, that's real. You will give up on some of that stuff. The question is, what are you trading it for? Now, the worst trades of all are the trades that we don't consciously make, but still trade anyways, right?
Like you didn't get the fun experience of your twenties, but you also didn't build the nest egg.
What common life decisions involve significant trade-offs?
You didn't build the reps. You didn't build the experience so that you could set yourself up in your thirties, right? And so a lot of like your thirties is a reflection of how you lived your twenties, just kind of taken forward. Now, some people I meet, loved their 20s. They backpacked across Europe. They had all these different experiences. They got culturally enriched. And I love that for them. That wasn't the trade that I wanted to make. And so it would be ridiculous for me to say like, I want that. And I want to develop this very deep well of skill set that I can use for the rest of my life. Now, those people for sure build skills. Are those skills as marketable? Maybe, maybe not.
How does fear of loss influence our decision-making?
I don't know. Some people are like, well, I could travel and learn. Maybe. I don't know. I mean, like Zuck didn't do that. Bill Gates didn't do that. Elon didn't do that. So again, there's also to what degree, right?
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Chapters
8 chapters
1
Why are trade-offs essential for achieving your goals?
0:00–1:07
2
What examples illustrate the impossibility of having it all?
1:07–2:14
3
How can making conscious trade-offs impact your life decisions?
2:14–3:02
4
What common life decisions involve significant trade-offs?
3:02–3:41
5
How does fear of loss influence our decision-making?
3:41–4:15
6
What is the worst-case scenario when taking risks?
4:15–4:52
7
Why is embracing uncertainty crucial for personal growth?
4:52–6:19
8
How can shifting your perspective lead to a life without regrets?
6:19–19:27