The Value of Your Life's Purpose …
The best way to give up your ‘day job’ is to watch my Live Show this Thursday @ 8pm CST (9pm EST / 6pm PST) at http://ajcfeed.com ….
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The Value of Your Life’s Purpose …
You have already quantified the value of Your Life’s Purpose … that was the whole (financial) point of the exercise!
As an added bonus, you get to ‘keep’ whatever emotional/spiritual insights that you may have gained (as I gained) from undertaking such deep, and important, introspection …
But, what this exercise has also achieved, is to quantify the benefit of doing this exercise for those who haven’t already undertaken it.
You see, I asked you all a before/after set of questions:
1. On the first application that you made to join this ‘grand experiment’ I asked each applicant a simple question:
How much money do you want to make and when do you want to make it by (e.g. $2million; 10 years)?
2. On the final application, after all of the Final 15 had completed the series of exercises posted on this site that culminated in calculating their Number (and Date), I asked each to update:
My Number: $ ($ p.a.) My Date:
… when you undertake the exercises, you will see why I now ask for the annualized amount as well as the total.
So, now the value of the exercise can be seen by comparing the before/after for each of the Final 15 that I received final applications (before the deadline!) from (there is no significance to the order):
Finalist Original Number New Number Difference
Lee $1,000,000 $5,425,000 543%
Deanna $2,000,000 $5,500,000 275%
Andrew $6,500,000 $10,000,000 154%
Luis $3,000,000 $4,000,000 133%
Diane $3,000,000 $8,375,500 279%
Mark $5,000,000 $5,000,000 100%
Josh $30,000,000 $20,000,000 67%
Ryan $10,000,000 $12,500,000 125%
Jason $20,000,000 $10,000,000 50%
Shannan Don’t Know $5,500,000 N/A
Debbie $5,000,000 $8,250,000 165%
Scott $10,000,000 $10,000,000 100%
Average Difference: 181%
I think that you will agree that this was a valuable exercise:
– Keep in mind that each applicant, by definition, was ‘signing up’ to a program to help them become multi-millionaires in just seven years … so you would expect that their starting requirement would be large!
– What is even more interesting is that only one applicant found that their original estimate was a ‘good’ one … each of the others under- or over-estimated their requirement by at least 30%, and on an average of 81%
… do you think that just might be a little significant?
They should also now have an all-powerful self-motivational reason to DRIVE them to their Number.
BTW: on the Date front, as you would expect, most were reasonably close to their original target; still, more than half were off by 3 years or more.
Thanks for helping me ‘prove’ the value for assessing Your Life’s Purpose … it wasn’t the intention of the exercise, but it is certainly an interesting by-product: I guess that’s what ‘grand experiments’ are for 🙂
Very good info. I did notice something. Josh and I (Jason) were both the two highest by far, and both of us reduced our amount by $10million. We were also both the ONLY people to reduce our number. He still ended up with the highest number and I was tied for 3rd. For me, the reason I reduced my number was because of the blog you wrote about what a budget of $500,000 a year would buy you and for me that was more than enough, I would want to give back to the world before I lived that lavishly, and I removed charity activities from my number because that is not “My” number but that it the number of my legacy, and that is different.
Jason Dragon