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    Business

    The Voluntary Life

    A podcast about living a life of your choosing. Topics covered include financial independence, productivity, entrepreneurship, peaceful parenting, minimalism, and rational thinking.

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    Latest Episodes:
    122 Conscious Entrepreneurship Aug 24, 2013
    Show notes

    An episode about making conscious choices as an entrepreneur.


    121 The Big Decisions for Entrepreneurs Aug 16, 2013
    Show notes

    Entrepreneurs have to make hundreds of decisions about their businesses every day. It is easy to lose sight of which decisions are the really big ones- the ones that have huge repercussions. The big decisions are also an opportunity to express your individuality and creativity as an entrepreneur: to make a conscious choice about the purpose and design of your business. This podcast provides an overview of what the big decisions are:

    1. Choosing your own goals and motives

    Why am I an entrepreneur? What is my own motivation? What do I want? How do my motives for being an entrepreneur fit in with my vision for my life? I have found that being conscious about my own motivation is key to ensuring that I can gain fulfilment from being in business.

    2. Choosing the purpose of the business

    Why does my business exist? What's the purpose of the business? Deciding on a clear purpose for your business gives coherence to all your actions and decision. For me, that comes down to identifying what this business is going to do to provide value to others and make other people's lives better.

    3 Choosing business partners

    Am I going into business with others, or alone. Why? This choice has huge ramifications and it is extremely useful to be very conscious of why you are making any choices with regard to cofounders.

    4. Choosing how to finance the venture

    Why do I want funding? What am I going to do with it? It's easy to assume you need as much money as possible to start, but you have many choices as to how to approach financing the venture.

    5. Choosing how to sell

    How am I going to make money? Why will customers give me money? There is an interplay in this decision, as we all learn from customers as we come to understand their reasons for buying.

    6. Choosing the design of your operation

    How are we going to organise the work? Why are we working in this way? There is often a temptation to recreate the processes from your last job, however being a business owner gives you the opportunity to consciously design the workflow of your business.

    7. Choosing your approach to profit

    How much profit do I aim to make? How am I going to do it?

    8. Choosing your approach to growth

    How big do I want this business to be, and why? It's easy to assume that you want growth, but bigger means more complex.

    9. Choosing how you will exit

    How do you plan to exit the business? Everyone has to exit someday. Many entrepreneurs want to sell, but even those who don't will have to plan for some kind of exit, either through a succession plan or simply ceasing to trade one day.


    120 Eight Tools That Will Free Your Mind Aug 07, 2013
    Show notes

    This episode provides an overview of eight tools that can free your mind and massively boost your productivity. One of the things that makes us human is our ability to extend the power of our minds with tools. The tools are only effective when combined with the right habits (repetitive behaviours). Be sure to look up and learn more about the productivity habits mentioned with each tool.

    1. A Concentration Timer

    Your mind is not free if you are distracted and interrupted all the time. A concentration timer is a simple tool that helps your mind focus for short bursts of concentration and then give your brain rest periods. A concentration timer is just a stopwatch with an alarm. Examples include a stopwatch app or a simple kitchen timer. The habit needed to make the most of this tool is to forgo multi-tasking, take regular breaks, and protect your concentration when working by managing interruptions. To learn more about the best practice habits for using a concentration timer read about The Pomodoro Technique.

    2. A Journal

    Writing is an amazing ability unique to humans. Getting your thoughts out of your head by writing them down gives your mind far more freedom to explore them and view them objectively. A journal can simply be a pen and paper, or a dedicated physical journal, a digital journalling app like Macjournal or web based journalling service like 750 Words. Use a password protected journal app (or a lockable one if paper-based) to give your mind full freedom to express anything. The habit required to make the most of a journal is to maintain regular journalling every day. Read more about journalling in The Ultimate Guide to Journaling.

    3. A Ubiquitous Capture Tool

    A ubiquitous capture tool or mobile thought and information capture tool gives you the opportunity to have potentially useful ideas anywhere but still allows you to get on with your day (and not have to remember everything). Examples of a capture tool can be a simple pen and paper, a Hipster PDA, a note taking app like Drafts or Evernote, even the voice memo or camera feature of your phone. Read more about capture tools in Getting Things Done by David Allen.

    4. A "Stuff Funnel"

    A stuff funnel is a system of discrete inboxes to funnel new information into one location where it can be processed. All kinds of stuff shows up in your life (letters, emails, receipts, manuals, downloaded files etc) and clogs your mind. In order to mentally 'process' the stuff and identify what you want to do with it, you need a complete set of inboxes. Since most people have both a physical inbox and various digital inboxes (email inbox, download folder, task manager inbox etc), you can think of the full set of your inboxes as a funnel for information coming into your life. The habit needed to make good use of this tool is to make sure you put all the stuff that comes into your life into a designated in-box that is part of your funnel and clear the funnel regularly (empty all the in-boxes). Read more about processing stuff in Getting Things Done by David Allen.

    5. A Task Management Tool

    A task management app is a tool to organise and work with all your "to-do" items, projects, goals and other task management information. If you don't use a tool for this, these to do items remain constantly on your mind, taking up mental effort. At the simplest level, a pen and some paper can serve as a task management tool. Various software apps can also be used, such as Things, Omnifocus and Evernote. These tools are only effective when combined with the habit of organising all your project and task information in the tool and working with it daily.

    6. A Reference Material Store

    A reference material store allows you to put information that you might need in future in a safe place, freeing your mind to forget about it. A filing cabinet is a physical example and Evernote is a digital example. The habit needed to make use of this tool is ensuring that you put all the information you might need into your reference store.

    7. A Mind Mapping Tool

    Mind maps free you to be conscious of all the intuitive connections that your mind can make. They are bubble and stick diagrams of your thoughts and their connections. A mind mapping tool can be as simple as a pen and paper, or a specific application like iThoughs HD. It can take some time to develop the habit of doing mind maps and allowing yourself to make those intuitive connections, but it is well worth it.

    8. A Media Queue System

    A media queue system is a set of tools to allow you to save media to consume later, so you can avoid being distracted when someone sends you a link. You might see an interesting article online and use a tool like instapaper to save it to read later. Similarly youtube has a watch later feature and Amazon allows you to make wish lists for things you may buy later.

    Show Notes
    • The Pomodoro Technique by Francesco Cirillo (downloadable pdf)
    • The Ultimate Guide to Journaling by Hannah Braime
    • Getting Things Done by David Allen
    • The Getting Things Done Virtual Study Group Podcast

    119 How To Develop Your Wealth Plan Jul 31, 2013
    Show notes

    This episode is an interview with Todd Tressider, founder of financialmentor.com. Todd founded Financial Mentor to educate business owners and investors about the wealth building principles he learned from years as an entrepreneur in the investment management industry. In the interview, Todd outlines his definition of financial freedom and discusses the hurdles you need to overcome if you want to achieve it. He talks about the importance of developing your own wealth plan and identifies some of the key requirements necessary for your plan to be successful. As always regarding investment, do your own research. I am not a financial advisor.


    118 Decluttering And Community Selling Jul 26, 2013
    Show notes

    This episode is an interview with Jorja Leavitt, founder of Sharetown.com. Jorja is an entrepreneur and mother of four, living in Las Vegas. In the interview, she shares her experiences of moving to a minimalist lifestyle. She talks about the freedom that she has found from decluttering and selling unnecessary stuff. She highlights the great opportunities to trade at a community level, using social media platforms such as Facebook.

    Show Notes:

    • Sharetown Facebook App
    • Article on selling all your stuff by Never Ending Voyage

    117 Freedom Lovin' Interview: Living The Voluntary Life Jul 17, 2013
    Show notes

    This episode is an interview of me by Kevin at Freedom Lovin' Podcast. Here's what we covered:

    • What does freedom mean?
    • Why entrepreneurship is important
    • Living in Mexico
    • Minimalism/going paperless
    • Tips on becoming more free in your life

    116 Why Your Gym Membership Is 300 Times More Expensive Than You Think Jul 17, 2013
    Show notes

    This episode provides a mind blowing way of thinking about the true cost of your monthly expenses. If you are interested in achieving financial freedom, then it makes sense to look at each monthly recurring expense as really costing you 300 times more. For example, a gym membership that costs £80 per month really costs £24,000 (in dollars, a $120 monthly gym membership really costs $36,000). The episode explains this perspective in more detail. In summary:

    • You have financial freedom when you don't have to work to support yourself. Therefore, if you want to be financially free, you have to think of paying for things from the interest on your passive investments.
    • Although there is a lot of debate about the numbers, the most widely used assumption is that you can live from 4% of your portfolio (the so called 4% rule). This assumes that on average your portfolio will make enough to cover for both inflation and you drawing down 4% (I personally think it's better to use 3% to be on the safe side, but let's use the most commonly used assumption to illustrate the point).
    • The 4% rule implies that you need a net worth that is 25 times your annual expenses to be financially free. To apply that to monthly expenses, simply multiply the 25 by 12 (for 12 months) and you need investments that are 300 times your recurring monthly expenses. So any monthly expense really requires 300 times more in capital to pay for it when financially free.
    • This is why for the £80 per month gym membership, you need £24,000 in capital saved to pay that membership when financially free. That figure (£24,000) is more than the annul expenses of most people in the UK.
    • This is why frugality and saving is so powerful as a way to get more financial freedom. It is more powerful to save expenses than to keep increasing your income because more income won't make you more free unless you control expenses.
    • I'm not a financial advisor and as always, you need to do your own research. I think this perspective is useful and it has been very helpful to me.
    • That's why I won't be getting a gym membership again anytime soon. There are plenty of free ways of getting good exercise!
    Further Reading:
    • Mr Money Moustache article about the 4% Rule
    • Retiring Sooner: How to Accelerate Your Financial Independence by Darrow Kirkpatrick
    • The 4% Rule and Safe Withdrawal Rates In Retirement by Todd Tressider

    115 How To Go Paperless Jul 05, 2013
    Show notes

    This episode is about how to go paperless and what the benefits are. Topics covered include:

    • How accumulating paper limits your flexibility and freedom
    • Simple steps to reduce the paper you accumulate such as using e-billing and e-books.
    • Ways to minimise the paper books you own, such as selling them as soon as you have read them
    • Key tools for digitizing your paper and going paperless: a multipage scanner (such as the Fujitsu ScanSnap S1300i), a shredder and Evernote
    • Keeping labelling and metadata simple: the three key attributes of date, location and person/organisation
    • Options about where to store digital data: secure encrypted drives vs services like Evernote
    • What to scan and what to simply delete.
    A good site for more tips about going paperless is DocumentSnap

    114 Nomad Capitalist Report Interview Jun 26, 2013
    Show notes This episode is a recent interview I did on the Nomad Capitalist Report radio show. The interview is by Andrew Henderson and here's his summary: "Live from Mexico, Jake Desyllas of The Voluntary Life podcast talks entrepreneurship and freedom. He shares tips to building a location independent business, being a global entrepreneur, and prospering anywhere in the world. He shares suggestions from his jet-setting life, talks about the best countries in South America, and dispels myths about Mexico "they" don't want you to know." Podcast Episode

    113 Freedom From Your Stuff Jun 22, 2013
    Show notes

    An episode about freedom from stuff. Topics covered include:

    • What I learned living from a backpack for 7+ months
    • Why owning stuff is not wealth
    • The hidden financial and psychological costs of owning stuff
    • How your stuff can control you
    • The goal of purposeful ownership
    • Strategies for minimalism: paperless, zero data and selling all your crap

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