Read time: 10 min
September 29, 2020
Good morning! Tonight, Donald Trump and Joe Biden will face off in Cleveland during the first presidential debate of the 2020 election season. Here’s what you need to know about the debate, and how to watch it live.
- It’s from 9 to 10:30 p.m. ET.
- Hosted by Fox News host Chris Wallace.
- There won’t be a handshake.
- The debate will be broadcast on all major networks and their corresponding streaming channels, as well as on C-SPAN.
- Chris Wallace has chosen the following topics: “the Trump and Biden records, the Supreme Court, COVID-19, the economy, race and violence in our cities, and the integrity of the election.”
“Nurture your minds with great thoughts. To believe in the heroic makes heroes.”
LEADERS & INFLUENCERS: Learn from the best
Smoking a Joint with Joe Rogan?
In September 2018, Elon Musk and Joe Rogan set off a firestorm when they shared a joint on the Joe Rogan Experience, Rogan’s massively popular podcast. They baked and drank whiskey for over two hours while discussing things from giant tunnels under Los Angeles to what Musk thinks about when he brushes his teeth.
The media jumped. Stockholders and board members were outraged. Tesla’s stock price dropped.
Although Musk took it in stride, he later admitted it was “not wise.” So why did he do it? Because he’s Elon Musk.
For all his faults and all his critics, he is imaginative and wants to execute his visions to improve humankind, like battery-operated cars and sending spaceships to Mars. Because of his genius, he can get away with publicly smoking a joint with Rogan- something you and I will probably never even get the opportunity to do (whether we accept the invitation is separate).
In the world outside of Rogan’s podcast, where we laypeople lie, we should think twice about doing such a thing. Our behaviors should be more tempered, less erratic, and certainly legal. So don’t let loose at the company Christmas party or have a few too many with co-workers at happy hour. Try to do the “right” (subjective, we know) thing, behave professionally, and act respectfully. Although you might not be watched by hundreds of thousands on Youtube or Spotify, in this day and age, people are always watching.
Hopefully, one day we’ll all be mega-rich and famous and can do something edgier or bolder. In the meantime, save the crazy for Musk.
ACHIEVERS’ ARMORY: Equip yourself with proven tools & tactics
Rescue Your Time, Don’t Waste It
Raise your hand if you feel like there isn’t enough time in the day to do the things you need to. Keep your hand raised if you think you are on your phone all the time. Keep it raised if you struggle to manage your time in different areas of your life. Do you feel like your arm is going to fall off? Well, put it down while we tell you about your savior, RescueTime.
RescueTime is an app designed to keep track of where you spend your time and advise on how to improve your time management. On both desktop and mobile, this program will monitor the time you spend on your phone and report back to you. It will also send you warnings when you are spending too much time working outside of regular hours.
It can also double as an accountability partner and help you break bad habits. For example, you can set a limit to the amount of social media it allows you to consume. Once you hit your number, the app will send you a notification. You can do the same for limiting your time on other apps and tasks.
MINDSET: Train your brain to win
Pragmatism at Whole Foods
When John Mackey, the CEO of Whole Foods, was 22 years old, he moved into a vegetarian co-op. Two years later, he opened up a vegetarian natural-foods store in Austin. It didn’t sell sugar, meat, or alcohol products. It was a niche that proved too small; it didn’t do much business.
On Inc’s What I Know podcast, Mackey said, “we realized if we’re going to be successful, we have to meet the marketplace where we find it.” He compromised his original vision and merged with another local grocer to create Whole Foods Market in a 10,000 square-foot location that sold natural foods and household staples like coffee, seafood, and meat.
Mackey put it bluntly, “You can be idealistic and fail, or you can be more pragmatic and succeed- while continuing to fulfill your ideals as best you can.”
Compromising to meet the market where it is while continuing to fulfill your vision and principles in the best way possible is a great skill to have- not only in business, but also as a friend, colleague, and spouse. Mackey illustrated this skill when he said, “I love almost everything about my wife, but do I love everything about my wife? No. And I’m sure she doesn’t love everything about me.”
SELF-DISCOVERY: Unleash the Achiever within
The Real Friends
The term friend has become severely diluted over the years. To be fair, in school, you are encouraged to be friends with everyone. In the real world, you should be encouraged to be kind and respectful to everyone. But not everyone is going to be your cup of tea or someone you’re going to spill your secrets to. You can treat someone with respect and not be compatible to the point where you want to be friends.
Many use the word “friend” to describe anyone we kind-of-like, sort-of-respect, or enjoy being around. It’s all super to have all these fringe-friends, but when we have issues and naturally look to them for support and advice, we might come up short. If you have a large pool of people to choose from, your odds of leaning on the right person are slim.
You do not have to make a public declaration of who is no longer considered a friend in your mind. However, internally, it can help to weed out who in your life is someone you can go to in times of trouble. Those are your real friends. Whose advice do you value due to their experience? Who do you know would be there for you in a minute if you had an emergency?
We should treat everyone with some level of kindness and respect, especially if they show the same to us. You can have many people you are friendly with, but that doesn’t mean they are your real friends. Once you know the difference, you’ll be able to navigate life a lot easier and know who turn to when you need a genuine friend.
THE FIRST STEP: Seize the opportunity
The Two Cup Money Theory
Imagine you have two plastic cups suspended vertically on top of each other and each filled with water. The water in the bottom cup represents your operating budget, the amount of money you currently have to run your company. You poke a hole at the bottom of that cup, and the water streams out, representing your expenses. The top cup of water represents the new revenue generated by sales.
As long as the stream of water spewing out of the bottom cup is relatively weak, the top cup can replenish the bottom cup’s reservoir. In other words, your revenue covers your expenses. The problem arises when the hole in the bottom cup gets so big that the trickle becomes a waterfall. The water from the top cup can’t replenish the bottom cup’s fast enough. Your revenue stream is not strong enough or large enough for your expenses. The water from the top cup runs out, the bottom cup is empty, and you’re in a puddle called bankruptcy.
The key lesson here is to keep track of how much money you are spending and how much money is coming in. Even if you can spend the money now, you have to think about how quickly new sales will replenish it. It’s better to hold off on new expenses until the current ones have helped you generate a steady stream of new revenue.
NEWS BREAK: Stay informed
- The number of COVID-19 cases in the US rose by at least 10 percent in 21 states last week — while a new model predicts a “huge surge” is expected.
- The New York Times published an analysis of President Donald Trump’s tax return data going over two decades. He paid $750 in federal income taxes in 2016 and 2017.
- Another series of wildfires stormed California’s wine country as flames destroyed numerous homes and other buildings in Napa and Sonoma counties and forced thousands to flee.