3 Sunday Morning Thoughts (Nov 21st Edition)

Every Sunday morning I like to write about 3 random things that are on my mind.  Sometimes these things are about business…

Sometimes they’re about life…

And other times, they’re truly random.  So with that said…

Let’s jump into the first thing on my mind this morning…

1.  The more you grow, the more you will outgrow some of the things around you

This weekend I flew back to Ohio to go to the Ohio  State game yesterday with some of my good friends.  One thing that dawned on me while I was here was that I’m in a much different spot in my life now than I was when I lived here.  Some of the friends I had back then, I probably wouldn’t hang out with now…

Why?

Because they haven’t changed.  They’re still the same person they were 10 years ago.  And the same thing goes for the place you live…

When I lived in Columbus, I loved it.  It was a great fit for me.  But now, I couldn’t see myself living there at all.  I love all the smart people I’m surrounded with in Austin.  And the energy that goes along with that…

I didn’t have that in Columbus.  But that kind of gets to my point…

At some point if you continue to grow, you’re going to outgrow some of the stuff in your life.  

People…

Places…

Team members…

And that’s ok.  That’s part of what happens when you level up.  Alright let’s hop to the 2nd thought on my mind this morning…

2.  Most people only look at ROI and not opportunity cost

Yesterday I heard that a house I used to rent when I lived in Columbus had just been sold.  So I was curious to see what it sold for.  Turns out, the owners bought it in 2002 for $150k.  And then sold it last year for $315k.  When I mentioned this to one of my buddies, he commented “nice investment by them, they doubled their money”.  I thought this was strange.  Cause I immediately saw the opportunity cost they missed.

If that money was in a basic index fund (instead of the house) they would have returned 4-5x over that same time period.

So was it really a good investment?

Prolly not.  And this is why opportunity cost matters so much.  Sure doubling your money is nice…

But if you could have gotten a 4-5x return with that money, you missed out.  This is why it’s always important to run the numbers…

And to look at all your options (especially when buying a house).  You might be stepping over dollars to pick up pennies.  Alright let’s do one more of these…

3.  Life is just better in warm weather

I grew up in the cold, grey weather of Ohio for the first 32 years of my life.  And this weekend I was reminded just how much I hate it.  It’s miserable.  And puts you in a bad mood.  After being in Austin for 5 years, I don’t think you could pay me enough to live in cold weather again.  I feel like everything in my life is better in warm weather.  Just normal things like going to the grocery store…

Or the gym…

Are all better when it’s 70 degrees instead of 40.  I know this is obvious to anyone who lives where it’s warm.  But it honestly never dawned on me until I moved to Austin how much more enjoyable life is in warm weather.  So if you’re living somewhere cold…

And you’re miserable…

I’d highly encourage you to move somewhere warm.  Cause once you do…

You’re gonna walk outside on a Sunday morning in December and it will be 70 and sunny and you’ll think “why the hell didn’t I do this sooner?”.  The warm weather has been a game changer for me.  And I don’t see myself ever going back.  Alright…

I need to wrap this up…

Hope you got a nugget or two from this.

Enjoy your Sunday,
–Justin Goff

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