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The Way to Freedom is Accountability - Free Yourself from Bondage and Chains! - 064

23:43 Things You Didn't Learn in School

Peter Saddington posits that accountability is the key to achieving freedom, particularly financial freedom. He argues that many people struggle with finances due to a lack of accountability, which he sees as a learned skill rather than an innate trait. Saddington emphasizes the importance of having "trusted advisors" in life, individuals who truly know you and can provide honest feedback, hold you accountable to your values, and support you through challenges. He contrasts trusted advisors with mentors, suggesting that mentors are more goal-oriented and focused on specific areas of expertise, while advisors offer broader, more personal accountability. The video explores the human tendency to perform better when observed, drawing parallels to athletes benefiting from a home crowd. Ultimately, Saddington advocates for cultivating a network of individuals who can see through the "blur" of everyday life and provide the accountability needed to achieve true freedom.

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Full Transcript (4341 words)

What I always found so fascinating about school and edgimication is that edgimication in school doesn't teach you jack shit about financial accountability Which frankly is one of the most important things to learn about so that you can survive It's fascinating how many people I meet to are literally 40 and older who still don't have a handle on their finances It's like how the hell have you been able to survive thrashing in life literally thrashing in life Through finances year after year after year That to me is crazy that you would want to live a life thrashing through finances for that long get yourself a course, bro I've built many startups most of them a fail so Bitcoin is exactly the place that I like to be we're gonna end it right there Do you have trusted advisors? Do you do you have trusted advisors in

life? Do you I Want to talk about this I want to talk about this idea of trusted advisors and Accountability accountability accountability life Accountability and a great example of where we all should be absolutely accountable You see this question this idea this idea came up because someone merely asked me a question and I get lots of them I get a lot of inbound a lot of them are nonsense But some of them are worth thinking about and this particular individual asked me a simple question. He asked I think it's a he But he asked how do you achieve financial freedom? How do you achieve financial freedom? It was easy for me to respond in this DM It was so easy. It was not hard at all. I just wrote one word accountability Accountability We ended up chatting a little bit in DM and that's kind

of what I love about these secure chat mechanisms that we have Is that we can talk about anything? Freakly especially in this platform yen.io But what's so great is that we ended up chatting and digging a little bit deeper. I said I just said accountability That's how you get that's how you get it. That's how you get financial freedom And I wanted to hone in on this word freedom. I said that's the goal So guys don't miss anything here. We're gonna be talking about accountability We're gonna be talking about financial accountability life accountability and the goal here should be very clear accountability is Freedom accountability is freedom this individual's had a moment in our in our text and our chat together Any any said something to the effect of hey you look like you you act like you're free like you're financially free or Something

to this of effective some of sorts and I said yeah, I am free and I wrote the words I said I have zero Chains now I've talked about this in podcasts before about but being financially free But I will tell you guys it will be a day that you will never forget It will be a day that will be etched in your memory for all eternity The day in which you become financially free zero bondage no change you wake up and you owe Nobody nothing Now I've talked about this before and a lot of people there's a certain type of individual that enjoys leveraging debt But that's not me. I like having a zero change and so my answer to him was simply to be financially free you need Accountability you need accountability you see we do better doing on It's just the nature of

day in which you become financially free zero bondage no change you wake up and you owe Nobody nothing Now I've talked about this before and a lot of people there's a certain type of individual that enjoys leveraging debt But that's not me. I like having a zero change and so my answer to him was simply to be financially free you need Accountability you need accountability you see we do better doing on It's just the nature of the beast we do better when people are watching We do better when other people are watching It's just part of the human psyche. It's part of the human experience. It's part of the human dynamic It's just what happens when other people are watching we do better We can take this example from sports. It is true very very true It's actually been studied that athletes do get good

juju from the home team. There's a lot of good energy Right, it's true. We do better when people are watching when the pressure is on when we have something at stake And I'll tell you guys being free in life Being free in life is worth fighting for You see most of us when it comes to our lives our lives are blurry to most people out there Is it not and even for me even for an individual like me who's online who talks who gives out of my heart and my soul and my gut? You know even for me a lot of details most of the details of My life of your life to the outside world are blurry. We have different faces We have different behaviors. We have different ways of acting in different contexts Right, and these are all part of our of our

humanists These are all part of our personality the broad spectrum of our personality I one of the things that I've already taken a side note here for a second one of things that I really dislike About personality tests is that personality from my understanding, okay? My limited scientific brain here guys And in my limited understanding The human spectrum of personality is so much broader than a ISTJ I and Tp or whatever you know or you know whatever personality test you want to choose it's just I don't like those things because they box you win they box you into a pre set You know framework a preset way of behaving with that individual or a way that you feel like other people should be in with you who we Bunch of BS guys bunch of BS. We are many people and One person at the same

time we have we behave differently Right, but the details of our lives are blurry to most people Do you have trusted advisors in life? Do you have people that can see through the haze and the blur? Do you have people in your life who know your heart and soul who understand your real motives? Why you do the good and the bad of why you do what you do? Do you have trusted advisors that support you in the days of trial when you when you when you are going through your hardest moments in life? And they're also there to celebrate your wins and Affirm the progress that you've been making because they know They know you they can read between the lines you they know your tendencies to to to smoke a little bit too much Or to drink a little bit too much or to

do? Do you have trusted advisors that support you in the days of trial when you when you when you are going through your hardest moments in life? And they're also there to celebrate your wins and Affirm the progress that you've been making because they know They know you they can read between the lines you they know your tendencies to to to smoke a little bit too much Or to drink a little bit too much or to get angry from time to time or to lose your patience They know they can call the bullshit to right? And at the end of the day the most important of These of aspect of a trusted advisor in life is do they keep you accountable? Don't miss this guys Do they keep you accountable to your values? Now obviously we have spent time and you can go back and

look in other podcasts for the value of having a mentor and a lot of these Aspects and these particular traits should certainly be in line with a great mentor But mentors often aren't maybe not trusted advisors are people that are gonna be with you or can meet with you often Right mentors are generally have a goal in mind with you. You have a particular strategy, right? You have a particular Future goal that you want to achieve and these individuals have are 20 years out from you They've experienced that they know the game they can help accelerate your growth right meant the purpose of mentors in my mind Is that mentors should align with a goal in that you have in life? Right, you want to be a better husband to fire find a great mentor who's a great husband you want to You know succeed

in x, y, and z industry some find a great mentor in x, y, and z industry trusted advisors trusted friends people people who are close to you that can affirm your progress and success or Willing who are willing to celebrate your wins. I can't tell you guys It's crazy that I that it's crazy for even for me to conceive of this idea That I have had colleagues friends what I considered friends in my past who literally did not celebrate the wins that I had I I find it I find it crazy that someone like me. Oh, I think it's pretty nice guy. I liked that fun I'm a pretty positive dude. Maybe that's it. I don't know I don't know the real reason, but even I and I don't know about you guys out there But even I have had people that I thought were

friends that we're not willing to celebrate with me See these aren't trusted advisors You need someone who will support you on the good and the bad who can celebrate your wins who understands you can read The bullshit and call you out, but guys don't miss this trusted advisor at the end of the day Holds you accountable to the values that you said that you value or the values you said or you be the values that you Portray in your life are you are you having moments that are going outside those values? Are you Bumping up against decisions that challenge your principles challenge your values if you trusted advisors can help you stay the course I remember an analogy and I know why it's coming to me right now But I remember an analogy that someone asked me I think there was a It was I

values you said or you be the values that you Portray in your life are you are you having moments that are going outside those values? Are you Bumping up against decisions that challenge your principles challenge your values if you trusted advisors can help you stay the course I remember an analogy and I know why it's coming to me right now But I remember an analogy that someone asked me I think there was a It was I think I was in like a coaching session At a conference or something like that but the individual said something to the fact of do you know why rivers are so crooked? Do you know why the rivers are so crooked? And I remember I vaguely remember kind of thinking to myself why the hell a rivers crooked and then he gave the answer It was really easy. He said

the reason why rivers and streams and these types of things are crooked is Because they take the path of least resistance They take the path of least resistance and I remember he went on to say that you have to to create Water going straight you have to force it to your will you have to create frameworks Gar rails in place so that you can stay on the straight and narrow and that when he explained that to me guys When he explained that to me. I had a deeper Deeper appreciation and deeper understanding of the the the the saying you know The thin and narrow right the straight and narrow right I have a deeper appreciation because to stay on the straight and narrow you have to force your will Upon your emotions you have to force your will Upon reaction you have to force your

body to be disciplined when it doesn't want to be disciplined and I tell you It's so much easier to take the path of least resistance and have no accountability in life Now I am no fool I am no fool and I and and and and I have no assumptions here guys to those you guys listening out on Google podcasts or iTunes I have no idea and and I have no assumption that any of you guys have deep mentors or deep trusted advisors because these are these are not commonplace things but If I'm intellectually honest and I'm just honest with you guys here I mean part of my success clearly is because I had mentors who are in my corner and I trusted advisors who are willing to invest in me and help me stay on the straight and narrow No shit guys no shit true

story all the way So maybe that in and of itself is just enough evidence that maybe some of you guys out there listening should find a Trust advice find mentors who can help you grow and fucking crush it And so this is so this is an idea of life accountability I have no illusions guys that many of the listeners out there and maybe yourself included you don't have an accountability Individual someone that can keep you on the straight and narrow But I tell you where you do need financial Sorry where you do need accountability and I just gave it away You need and I need and I wrote this down. We all need asterix asterix asterix so important here guys We all need financial accountability period all of us None of us are immune to that to to the to the to the world of

have an accountability Individual someone that can keep you on the straight and narrow But I tell you where you do need financial Sorry where you do need accountability and I just gave it away You need and I need and I wrote this down. We all need asterix asterix asterix so important here guys We all need financial accountability period all of us None of us are immune to that to to the to the to the world of money What I always found so fascinating about school and edgification is that edgification in school doesn't teach you jack shit about financial accountability Which frankly is one of the most important things to learn about so that you can survive It's fascinating how many people I meet to are literally 40 and older who still don't have a handle on their finances It's like how the hell have you

been able to survive? Thrashing in life literally thrashing in life Through finances year after year after year That to me is crazy that you would want to live a life thrashing through finances for that long get yourself a course bro But let's talk about this The you know financial accountability is more than just checks and balances Right more than just checks and balances. It's someone who's willing Excuse me someone who knows You're financial spending habits who knows the true the true Dollars in sense Of your money and the way that you manage your money right what did I say in the beginning we all do better When people are watching we all do better when people are watching so who audits you I'll tell you who audits me my wife audits me my financial accountant Audits me our legal team in my company audits me

our investors Audit me I have so many eyes on the money's guys And we actually as an organization in our company we actually pride ourselves in Our fiscal responsibility. We we have top shelf fiscal responsibility because we know we have enough collective experience between all of our founders and all of our of our leadership team We have enough experience To know how financial mismanagement can ruin a company like that so fast Do you have someone who audits you do you manage your money honestly These are questions for you and I to consider to ourselves But here's an asterisk I wrote down here's an asterisk and I know I thought about I thought about this for my pause on this particular idea for a moment here and the reason is is because It might sound a little bit more opinionate quote-unquote opinionated than usual But I'm

really really passionate about this and my view on this particular subject Okay guys is gonna fly in the face of I know Many other people's experiences and people will disagree with me on this and that's okay You can leave your comments Below and let me know or you can leave comments in our behind the scenes chat and let me know if you disagree with this But I'm gonna jump into it, but I did spend some time thinking about it because I know that My opinion it might not be mainstream here But here we go. Let's jump right in when it comes to financial accountability which we all need Period get over yourself You need someone watching you need someone helping you out seriously get a budget and show it to somebody Show it to somebody They might be able to show you tips and tricks.

gonna jump into it, but I did spend some time thinking about it because I know that My opinion it might not be mainstream here But here we go. Let's jump right in when it comes to financial accountability which we all need Period get over yourself You need someone watching you need someone helping you out seriously get a budget and show it to somebody Show it to somebody They might be able to show you tips and tricks. I mean we can go on in on that line, but let's let's get into it guys If you are a married, okay? This is asterisk asterisk guys If you are married financial ignorance is not an option Boom That's it If you are married this is Peter sat in 10's opinion here guys, so take it with the grain of salt But if you are married and Peter sat

in 10's opinion financial ignorance is not an option You guys all know that one of the biggest reasons why people get divorced is money issues And those money issues comes with a hydrohead of reasons financial mismanagement financial secrecy separate bank accounts. Oh god don't get me. I just like pleat can I I do not understand I really don't understand Why married couples have their own little separate bank account slush funds. I just never understood this And so what you're doing what you're doing and I don't know if you guys you guys see it the same way I do But I'm passionate about this Because I believe that successful marriages are built on transparency But when you have a secret slush fund and I know I know couples that are I know couples that have this they've talked about it And that somehow they're able to

deal with this tension But I maybe I'm a weak minded individual maybe I just can't but when you have secret unknown balance slush funds You have just set a precedent in your marriage that it is okay to be not fully transparent and you know what You know what if you and your spouse are cool with with with one area of life where you're not allowed to touch You're not allowed to see you're not allowed to go don't pass go don't collect 200 bucks Right if you have a particular you know if you're okay with that god bless you I hope that you last a long time. I hope you guys have a wonderful marriage and I hope it's not a big deal For me though guys Would slay me that would slay me and I don't think it's a controlling issue It's just a hey

we're in this together ride or fucking die You know like we we there are gonna be times in this family misses Okay, there are gonna be times in this family mister when we have to bring everything that we got to bear We have to bring everything that we have to bear to get through this To do this to accomplish this we need all hands on deck which means I need to pull from your slush fund I need we need we want to survive this We want to get this We want we have a family goal that we want to achieve girl boy. We need to bring it all the bear We need all hands on deck. We need to make sure that everything all energies are being focused Towards getting through this or making it to the school or getting this particular thing done whatever

means I need to pull from your slush fund I need we need we want to survive this We want to get this We want we have a family goal that we want to achieve girl boy. We need to bring it all the bear We need all hands on deck. We need to make sure that everything all energies are being focused Towards getting through this or making it to the school or getting this particular thing done whatever it is as a full family You see in my opinion and I wrote this down you can either complain about having too much financial accountability Or you can deal with the pain of mismanagement. Let me see that again. Oh, that was good I said I wrote down either complain about too much financial accountability Either complain about too much financial accountability or deal with the pain Of mismanagement

You know what I hate mismanagement. I'd rather there be too much complaining that there's too much oversight And you know I'm spent here you know I'm spending and it's not even like that at my family We've grown to a point of understanding. We know where there's opportunities to spend We know that there's opportunities to pull back We know that if there's a family goal that we've discussed as a family that we need to move towards There needs to be allocation of funds to this particular idea this particular project This particular endeavor this new season in life Right because whereas we're a family ride or fucking die guys And I'm gonna tell you guys when you as a family if you're in a marriage Or let's just broaden it out if you have financial accountability and you implement financial processes and policies You shall be free

You shall be free And I'll go even farther When you can be financially accountable in the small things I mean don't don't miss this guys and this has been my experience 100% When you can show that you can be financially accountable in the small things Then you will be given larger opportunities with money I know this to be true. It's not hard to conjure up stories that I got Right it will be easy for me. I'll give you one right now if I can manage a million dollars of investors money And I do a good job The next time they can give me more and we're already at the more stage guys in my investment experience in my investment world It's great to be able to manage more money It's great to be able to utilize other people's funds to create awesome projects and awesome

ideas and experiment on other people's dime Because they believe not in just the vision of the project They believe in the man Because the man is trustworthy with money the man is trustworthy with his accountability And what that accountability creates is integrity It creates integrity that could be shown and revealed so that more can be given Trust me when I say it guys. Please don't miss this When you are financially accountable and have integrity in your finances you will be blessed with more money You will be Let me end it off with this Having a trusted advisor someone who can keep you accountable in life is fantastic I highly recommend it where you need it where I need it is financial accountability Last thing have you ever met someone who's exceedingly wealthy who's terrible with managing money You This is Peter. I hope you guys

When you are financially accountable and have integrity in your finances you will be blessed with more money You will be Let me end it off with this Having a trusted advisor someone who can keep you accountable in life is fantastic I highly recommend it where you need it where I need it is financial accountability Last thing have you ever met someone who's exceedingly wealthy who's terrible with managing money You This is Peter. I hope you guys appreciate this message guys. I want the best for you guys I want you to be free and want you to be free and not trained by finances or life Jealous around you guys let some people know subscribe smash the like button and I'll see you guys behind the scenes on the end Things you didn't learn in school podcasts

About the Creator

This video is part of a library of 780+ episodes published by Peter Saddington on staas.fund. Peter is a serial entrepreneur, venture capitalist (StaaS Fund, RegD 506B), and AI practitioner who has trained 17,000+ professionals in agile and AI methodologies. He bought Bitcoin at $2.52 in 2011, built 4 autonomous AI agents (the Council of Dogelord), and operates 10+ websites with zero employees. His AI Workshop has been attended by Fortune 500 teams, and his newsletter "The Agile VC" reaches thousands of subscribers weekly. Peter holds 3 Master's degrees (Divinity, Computer Science, Computational Operations Research) from institutions including Georgia Tech.

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