Things Our Parents Told Us In The 90's That We Must Re-evaluate, Part 2 : Under30CEO Things Our Parents Told Us In The 90's That We Must Re-evaluate, Part 2 : Under30CEO
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Things Our Parents Told Us In The 90′s That We Must Re-evaluate, Part 2

| September 24, 2013 | 23 Comments

Here are a few things our parents told us in the 90’s that we must re-evaluate. For the first 4 things our parents told us in the 90s, check out Part 1.

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5.      If you’re sick, go to the doctor

When I was growing up, the doctor was the professional.  They were where you went when you got sick, and if anything happened, you would immediately schedule a visit so you could get better.

This idea we definitely need to re-evaluate.

In order to go to a doctor, you must have health insurance.  How much is health insurance?  A few hundred dollars per month?  We have to spend a few hundred dollars per month so we can spend more money to get a face to face visit with them?

Once you get to the doctor, what are they going to tell you?   Unless you have a trusted doctor who knows you inside and out, and who really cares about you, that doctor is hoping to prescribe you some medicine so you can get out of their office.  They have other patients, and they’re busy.

When that doctor prescribes you medicine, they get paid. Some doctors even have deals with certain drug companies to prescribe you the most expensive medicine.  When they prescribe it, what do you say to that?  No?  All they have to do is give you a slight touch of fear with your symptoms, and you will buy anything they put in front of you.

Most of the time, the medicine they give you just masks your symptoms.  In the short term, it helps by not having those symptoms, yet it doesn’t fix the real problem, whatever that may be.  What you need to do is fix the real problem at the root, not getting medicine to cover up the symptoms of your problem.

Take care of yourself so you don’t have to ingest these side-effect laden medicines.  Eat well, exercise, and pay attention to your mind and body.  Your body will thank you, along with your bank account.

 6.      Save your money

We were introduced to savings accounts when we were younger.  You gave your money to the bank, and you would get free money each month.

As I got older though, I realized how much we were being ripped off.  A typical savings interest rate is less than 1%.  Inflation is normally 3%.  In the long run, by saving your money, you will be losing your money.  Without having good investments to grow what you currently have, your wealth will decrease year by year as time goes on.

Not much to really say on this, except to do research before you invest your money, invest in a diversified portfolio, and hope that there’s not another market collapse.

7.      Work hard

“Work hard”.  It’s the rule that can’t ever be broken, right?  It’s the one definite rule that will always provide you success, and something that everybody agrees on, right?

Wrong.  Hard work is for suckers.  Smart work is for the wealthy.

Everybody works hard.  Somebody can work hard their entire life, and still not have anything to show for it after 50 years.  But they will be respected by their colleagues and peers because they “Were a hard worker”.  It’s like saying somebody, “Has a great personality.”

Smart vs. hard work separates the average from the excellent, the mediocre from the high achievers, and the 1% from everybody else.

Instead of just blindly working hard, stop once in a while and ask yourself, “Why am I working?”  Is there a higher position you want to get to?  Is there a promotion you are looking for?  Is this just a stepping stone to a bigger thing in the future?  If you don’t have any goals for yourself, you’re just spinning your wheels.

A cliché term is that the wealthy has their money work for them, while the non-wealthy work for their money.  The wealthy are smart workers who constantly have an end-goal in mind, and create processes that help them build upon their wealth.  The non-wealthy work hard, but aren’t nearly as rewarded for it as the smart workers.

Being “busy” is overrated.   Having a future goal for your busyness is smart work.

8.      Retire

They told us to work hard, so we could retire.  What is retirement, though?  Sitting in an air conditioned house all day, watching TV?  Or having the highlight of the week going to the local supermarket?

Retirement sounds depressing to me.  It seems like a bunch of wasted life.  If you’re retired from the corporate world, and still have an active lifestyle, that’s one thing.  But I think our parents wanted us to just sit around, comfortably and peacefully, and wait until the grim reaper appeared from the shadows to take us to the afterlife.

In today’s world, retirement is nearly extinct.  Not only will pensions and social security cease to exist in the future, but most people don’t want to stop working.  With the lack of barriers to entry in most businesses now, the rise of older entrepreneurs will increase.

An illuminating story I read recently was about an older guy who worked at the same job for about 40 years, not missing a day of work.  On the day of his retirement, there was a celebration, with newspapers covering the event.  Everybody was so proud of him for not missing one day of work.

Two weeks later, the newspaper did an update on him.  They regretted to inform us that he had passed away.  You know why he passed away?  Because he didn’t have a purpose for his life anymore.  He lived to work, be around his colleagues, and provide a high-quality service for his customers.

It’s the same thing that happened to Joe Paterno.  When he was fired by Penn State after a scandal, he didn’t have any more reason to live.  He wasn’t going to dust off his resume and start applying for positions on CareerBuilder.  Penn State was his entire life, and when they took that away, he was ready to go.

Retirement, along with many other things our parents told us, are fading away. Some of these ideas are still relevant and some will be relevant forever, but in an ever-changing world, we must adapt to the new way that things are done.

We are living in a new economy and a new world, where people get fired for status updates and an internet search engine is one of the world’s biggest companies.  The moment we open our eyes to this, we will begin to thrive.

Tyson Hartnett has played professional basketball in Sweden, Argentina, and Chile, and has recently started his first business, BasketballTrainingClub.com.  He created Basketball Training Club to try to help players from all over the world not only better their basketball games, but to try to help better their lives as well. 

 Image Credit: www.tfw2005.com 

About the Author: Tyson Hartnett

Tyson Hartnett is an entrepreneur and professional basketball player. His startup, BasketballTrainingClub.com, helps younger athletes from all over the world not only better their basketball games, but better their lives as well. He understands we are living in a new age and a new economy, where innovation and adaptation are essential for success.

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Category: Career Advice, Entrepreneurship

  • Adam Faigen

    here’s some more advice when it comes to not saving; but investing. Equity Indexed Universal Life Insurance (permanent, not term/temporary insurance..) that you don’t have to die to use; Downside protection (never lose a penny of your premiums or interest you gain on it) and upside potential (up to 13.5 percent!; much more than banks are going to give you, and much safer than the stock market…) Also TAX FREE EARNINGS! this is not a government sponsored plan like a 401k. to learn more; contact me!

  • Joyce

    Yes, things have changed since the last generation! We now realize that FOOD is the better medecine (as well as exercise). I still like the ‘save money’ thought, though. The whole ‘retire’ idea is turning into a myth. I believe most people will have a ‘side’ income so they can survive after they leave their life’s job…like network marketing. Good article!

  • Kevin Diamond

    Great second article Tyson! Love the smart vs. hard work concept!

    ? :)

  • Chris Taylor

    I LOVE this Tyson! Excellent balance of instruction vs. example. Too many articles simply say, “Do this, trust me, blah blah”, and that isn’t any better than what other people are telling us to do already since it lacks examples. Every example was extremely relevant and instructional. You are the inspirational and I hope you write more articles!

  • PATRICK

    Adam. My thoughts were
    Right there with you except the UL. I have a permanent whole life policy from a mutual company and am in my late 20′s. I wish more young people would open our eyes to it and stop listening to the buy term invest the difference crowd!!

  • J Tan

    Hey Tyson, this article really shows how the world is changing and how we have to change with it. It’s a very interesting topic because we just don’t know what will happen next, so we must learn to adapt and re-evaluate rather than just take advice on it’s face value. Good work here, and definitely looking forward to reading the next one.

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  • Ololade

    Many thanks for this wonderful piece. Honestly its been revealing.

    Please Keep up the good work.

  • Tyson Hartnett

    Thanks a lot Adam. Very interesting. I didn’t know about all of this. I would definitely like to learn more..

  • Tyson Hartnett

    J, thanks a lot. I just think our minds get swamped with advice, and this is a good place to start in re-evaluating this world

  • Tyson Hartnett

    Thanks a lot Ololade, I really appreciate it

  • Tyson Hartnett

    Chris! Thanks a lot! I didn’t have that many examples and data, but I think too many articles contain a data overload. I will definitely write more articles, and I appreciate the love :)

  • Tyson Hartnett

    Thanks a lot Kevin. Anything you wanted to add to this article? Anything you see in your life that you need to re-evaluate?

  • Tyson Hartnett

    Yes, Joyce, networking marketing is great, and we definitely need to realize what we are putting into our bodies, since big corporations bascially control everything these days

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  • Matt O’Brien

    Great second piece to compliment the first Tyson. Really enjoyed it.

  • Kevin Diamond

    Very welcome, Tyson! I am working on aligning my personality traits with my productivity habits. Meaning that I have gotten so good at focusing on how to “build a better me” I am forgetting about being a better me in each moment. I am trying to stay aware of this at all times by embracing my values in the “now” and being the person I want to be in the “now”. I want to be able to look back on my day and have the least of amount of changes with how I “acted” not just what I “did”.

  • Sofie Couwenbergh

    Good points, although you might want to nuance that point 1 goes for the US.
    I’m from Belgium and health insurance costs me about €50 per year. Going to the doctor costs me about €5, so when I’m really sick…

  • Tyson Hartnett

    Nice, I like that a lot.

  • Tyson Hartnett

    Thanks Matt!

  • Tyson Hartnett

    Sofie, Yes some of these are mainly for the USA. I was living in Sweden for a while, and they told me health insurance is bascially free over there. If you need a major surgery, you’ll have to pay about $100. I was like, “WHAT??!” A major surgery in the United States will have you paying off that bill for years, and can get in the tens of thousands of dollars.

  • Sofie Couwenbergh

    And that’s why us Europeans don’t get why so many Americans are against an upgraded social security and health insurance plan

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