Observe Archives - Page 48 of 69

Make It A Game

Posted on June 30, 2021

Not everything is fun. Sometimes you have to do the work part of work. But it can be more enjoyable if you make it a game.

When you are waiting in a queue, see if you can guess how long the next person will be. Also try guessing what the people ahead of you do for work. You can even ask them if you want to verify your accuracy.

If you can take something tedious, boring or challenging and turn it into some fun, you could have a much better result. Certainly you are likely to have a much better time.

Most often it doesn’t take much to distract ourselves. Make the activity fun or interesting and time will fly by.

The great thing about our imagination is that we can use it to change the less interesting parts of life. In addition, the more you use it the better you’ll get at it. Keep youthful and play games.

Your mental strength will grow and the rest of your life will follow. Life can be seen as a game. It can be a deadly serious game or a lighthearted, enjoyable game. You tend to get to decide.

Whatever you do, make it a game.

Enjoy!

Observe Think About It

The Two Types Of People

Posted on June 23, 2021

Are you a giver or a helper? These two concepts seem closely related but there is a fundamental difference. The two types of people are often bundled together, but there are good reasons not to do that.

Both types seem to want to assist others. They either help the person out of a difficult situation or aim to bring them joy.

The giver tends to provide something that the receiver does not have. This can be physical, financial, emotional, mental or spiritual.

The helper tends to guide, encourage and support the other person while they find their own way. This can take a little longer but the self-generated help does more than simply solve the short term issue.

Although it does resolve the immediate concern, the person in need learns to solve their own challenges. They will build resilience and develop a constructive way of thinking for next time and for other circumstances.

The helper provides much more than the giver. Not only in up front time and support along the way, but also in giving their confidence to the other person. Feeling like someone believes in you can lift spirits and create great longer term self-esteem benefits.

If you give, you tend to continue to give more. If you help them learn, they can stand on their own and then pay it forward too.

The two types of people exist. Which will you be?

Gratitude Observe Progress Time

Those Days Are Gone

Posted on June 16, 2021

Everything that starts will eventually end. Whether it is a game, a job or even breakfast. Those days are gone and not being revisited.

It is such a strange concept how we see things coming in the future. Then we experience something for a brief moment. Then the moment passes us and becomes ever more distant.

For example, we look forward to a birthday, event or holiday for months. Each day that passes can seem to take forever. Our anticipation grows stronger as we inch closer to the moment. Then we want to capture the moment and keep it forever. And we do, but the intensity tends to fade with time. And it becomes diluted by all the other memories we have.

This struck me while going to pick up my daughter from school the other day. She’ll be able to walk to school on her own in September. Mom and Dad will no longer be required. Those little chats we have and seeing her interact with her friends at the school gate will be things of the past.

These days are coming to an end. I recall the sentiment of other parents with older children. Some were elated to no longer have to be there each morning and afternoon. Others were saddened by the end of the era. I presume many were both. I know I will be.

This is simply the way life is. We all pass through stages. Things start and things stop.

Enjoy every moment you can before those days are gone.

Observe Think About It Time

Forecast For Fun

Posted on June 15, 2021

Few things can be known for certain. We play the odds all the time. In everything we do there is risk. We forecast for fun but often our lives depend on it.

There are many words similar to forecast, such as prediction, estimate or guess. We can also foretell, prophesy or even prognosticate, even if it does sound funny to say. I cannot foretell if you will agree with me or not. However, everyone is playing the odds at every moment.

We all like a little forecasting. We hope the weather forecast is spot on when it says sunny and warm. Some folks like to place a wager on their ability to foretell the future. We do this with the stock market and sports and while in the confines of a casino.

Amongst our friends we might guess what scores we will get on an exam or how a mini series may turn out. There is no end to the amount of things we are willing to bet on. Have a flutter for some fun. Sometimes we assess the risk and other times not.

When you cross a road at 05:00 and there isn’t a car in sight, you are still taking a risk. You could trip and whack your head on the pavement. However, your odds of safely and successfully crossing are close to 99.9%. Crossing a busy road during the middle of the day may carry a similar probability but there is a greater risk of an unsuccessful cross.

Forecast for fun but remember there is a level of risk for all activities.

Action Financial Observe Reframe your thoughts Time

The Power Of Compounding

Posted on June 11, 2021

Following on from the last few days, I’m combining retirement thoughts with compounding. The power of compounding is quite incredible.

I read an article recently about setting aside almost $3,000 for a child when they are born. This money could come from parents, grandparents, uncles and aunties or even from crowdfunding, I suppose.

The idea was that you could put that $3,000 into a low cost S&P 500 index fund and just let it sit there for 65 years. You would not take any out, nor would you need to put any more in. You would just let it roll over and compound.

Using the figures from the article, it noted the S&P had delivered an average annual return of between 10% and 11% in its nearly 100 years of existence. If it continued to average that rate, or even a little less (9.5%), the account would be worth over $1m by their 65th birthday.

This is more than 90% of what people would have in their retirement savings. By doing this one thing, during pregnancy or within the year after their birth, you would set them up for retirement. Regardless how their financial habits developed, they could always count on their $1m retirement fund when they turned 65.

The power of compounding is compelling.

Observe Think About It Time

See Compounding In Nature

Posted on June 10, 2021

Financial compounding is sometimes considered a wonder of the world. However, you can see compounding in nature too, if you look for it.

Let’s first review the common example of a penny doubled every day for 30 days. Would you rather be patient for 30 days or have $1m today?

Being patient pays off. After 30 days of doubling, that humble penny will be worth over $5m!! This is why consistent and frequent saving and investing is important for financial freedom. In the longer run, the difference can be very large.

We see compounding effects elsewhere too. Global population growth has shown strong growth over the last 100 years. It took thousand of years to reach the first billion people on Earth (1804). The second billion took 123 years. The third billion was only 33 years after that. You get the picture.

You also see this in animals, rodents, bugs, birds etc. And think how a chicken can produce one egg per day. Get a rooster involved and you can soon have dozens of chickens laying eggs and producing more chickens And more eggs to eat. Now some people aren’t so patient and want to eat the chicken for meat on day one. And then struggle or starve after that.

Think ahead, be patient and let nature take its course. When you see compounding in nature, use it to your benefit.

Action Health & Fitness Observe Progress Reframe your thoughts

Going Faster

Posted on June 9, 2021

Life seems to be going faster. Expectations and everyday things seem to change more quickly than before. Going faster can be great though it is good to slow it down occasionally too.

With most things, there is a finite limit for speed. Even light seems to reach a maximum speed. Other things like cars, rockets and airplanes have been pushing their limits further for decades. Though there is a point where it is not safe or technically possible to go faster.

Perhaps people reach that point too. Getting all those things done in one day might not be possible. Nor should we try to do it. Speeding around in a car isn’t good. Rushing through work may reduce the quality we bring to the table. Rushed conversations are rarely productive, especially if they have some differing views or involve a delicate subject.

When do we assess we are going fast enough? Is it when we have an incident or accident or health scare? Clearly going slow has its own challenges, which we won’t get into here. However, as individuals, we do need to double check that all that ’faster’ actually translates into better somehow. If it doesn’t, we should consider adjusting some things in our life.

Going faster is fun and desirable, but is it the best option?

Financial Observe Think About It

The Retirement Idea

Posted on June 8, 2021

Is it a myth or reality? Even if it was realistic for everyone, would everyone want to do it? The retirement idea is an interesting one.

Leaving one’s job and ceasing to work is roughly what the Oxford dictionary says it means. The ceasing to work is the bit that I find most interesting.

The idea that you do not work at all from that magical date, might be alluring for some. However, many others may find it a bit stressful not working at anything. So we have to dig at its meaning a little more.

Would it have to be no paid work or simply no working at all? What if you like your work? Many older people continue to work at their career job well after retirement age. Musicians and actors are both groups where we see some people working into their 70’s. Entrepreneurs and business owners can also be found working into their 70’s, 80’s and even 90’s.

Other people who work in occupations outside of the spotlight can also carry on working past the official retirement age.

For some, they like keeping busy. For others, they don’t have something else they would necessarily like to do. Others do it to keep some money coming in, even if they don’t really need it. Still others continue to work because the extra income helps them have the income they want or need.

The retirement idea may need a rethink.

Gratitude Health & Fitness Observe Think About It Time

The World Is Amazing

Posted on June 6, 2021

Without context this might seem a bold statement to some. However, with historical data one can see the world is amazing and getting better.

Why you might not believe this could be for many reasons. It doesn’t make it less so though. It is certainly how I see the world. There are a lot fewer bad things happening than 100, 500 or 5,000 years ago. In addition, we can see quite a few good things in this era that didn’t exist previously or weren’t as good.

With this is mind, I have been wanting to read Factfulness by Hans Rosling for several years. I received it for my birthday last week and thought I would read a few pages today to see what it was like. Wow! I am really enjoying it.

It is loaded with facts, psychology and ideas. That is my kind of book. It was so easy to read a few pages quickly as it makes sense and I already believe it so there is no convincing needed. Nor is there any rebuttal of the ideas or data as I am already on that same page. In addition, it is great to have it as a reference book with all the data, graphs and charts.

The world is amazing and it keeps on getting better. It is not perfect, and it is unlikely to ever be so. But, it is so much better than 20 years ago, let alone 200.