Richard CanfieldPodcast Host and IBC Advisor, Ascendant Financial · Authorized Infinite Banking Practitioner | Author of 4 Books

Why you should Pay Yourself Discipline Tax | Nathaniel Ealy

3 Nov 2024 · 1 min

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Short excerpt from a YouTube video in which Nathaniel Ealy recounts hiring an expensive consultant who advised that they already knew what to do but lacked self-discipline. Ealy describes adopting a practice he calls the "self-discipline tax": paying for a gym membership and following the trainer's hour-long sessions so he doesn't have to plan or motivate himself, thereby ensuring the desired results.

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I decided to hire a consultant who was in the industry and was respected. And it cost a ton of money. Even. Even at the time, it was an astronomical amount for us. I would still say it's expensive today for what we paid. And they did give us good advice.
The irony.
Of the advice is that we just needed to have the self discipline to do the things we knew.
To do, you know?
And so that's what it came back to for me. And it has time and time again to the point where I realize now that sometimes I do need to pay what I call the self discipline tax.
Boom. You know?
And so, like, when I go to. I go to the gym I joined only a year ago.
And I literally.
Told the proprietor, I'm just here to pay myself, discipline tax.
I have.
A weight set in my.
Basement, but I.
Stare and I'm like.
Oh, weights, you know.
But I go down to the gym and they tell me what to do for an hour. I don't have to plan it, I don't have to think about it. I don't read ahead. I don't even record what I'm supposed to be doing, which is probably best practice. I don't care. It's getting me the result I want. I go in, I work out for an hour, I leave. So I pay my self discipline tax.