Think About It Archives - Page 62 of 62

Property Perspectives

Posted on January 24, 2020

How do you decide what is most accurate? There are so many different views on property. This is mostly because there are so many different people with different experiences. People, generally, will find what they are looking for. If they don’t like renting, or landlords, or banks, they will find ideas and data to back up their perspective. And if a person likes investing, DIY or moving around a lot, they will find data and ideas that will support those perspectives.

However, let’s ignore, for the moment, all of the opinions about property that are being expressed these days, based on the current situation. Remember to take things back 200 or even 500 years ago to get some real perspective. 500 years ago, people used houses as shelter, to protect themselves from the elements.

I would imagine most people, save for the hardened cynics, would agree housing is better now than it was 500 years ago. Electricity, heating systems, indoor plumbing, fresh running water, television and wi-Fi to name just a few modern miracles.

Preferences for owning your own property or renting one, is based on emotion and your desires in your imagined perfect world. But when it comes down to the very basic idea of having shelter from the wind, the rain and the cold, you probably wouldn’t care too much about the mechanism for having access to that property.

Have a look at this video put out by The Economist a couple of days ago. Try to watch it unemotionally. There are quite a few comments and points that could be debated. See if you can challenge your own perspectives and see the other points raised.

Think about the points you have been programmed to agree or disagree with. Think through the alternate view and try to own that view, if just for a minute.

Action Think About It

Horse to Water

Posted on January 23, 2020

“You can lead a horse to water but you can’t make him* drink.”

I love this proverb. I simply say “Horse to water” as I don’t think people need to hear the whole thing anymore. People quickly grasp what you are saying. (And it eliminates the whole gender issue that way, so double bonus.)

It’s amazing how many people are swimming in water (i.e. lots of opportunities), but they won’t commit to a drink (i.e. they don’t act on them).

We live in the most amazing period of time in all of history. The most opportunities for the greatest amount of people, with the least friction and fewest obstacles to get in the way.

99% of the obstacles people see are just mirages in their mind. Focus on the opportunities and those mirages will disappear.

I wish you could all see the opportunities before your eyes. Focus more attention on coming up with the Results! Not reasons.

The next time someone gives you a valid piece of advice, or suggestion, think about it. Go for it.

Don’t be that thirsty horse. ?

(*this is the original quote. Sub in “her” if that makes it better for you)

Reframe your thoughts Think About It

I Am Ready

Posted on January 19, 2020

Even when I’m not ready, these three little words, said out loud, whether softly to myself or announced with meaning, make me feel more ready than I would be.

Much has been written about the power of I Am. It has incredible power: Like a fundamental key to our natural programming.

When you say those two words, be careful which words you add after them.

For now though, get yourself in the right mindset. Start saying to yourself, “I am ready”. You’ll be surprised at how much sooner you will be ready.

Let the (mind) games begin!

Financial Think About It

Investment Returns v Time

Posted on January 18, 2020

I find it fascinating that there are so many different ways to calculate financial returns. Some people look at returns differently.

From gross yield to infinite returns, IRR, ROCE, ROE, ROI etc.

ROI, or Return On Investment, comes up often, especially in property conversations, which is something we spend a fair bit of time having.

But very few people discuss ROTI, or Return On Time Invested.

You might consider time when you start a new job and wonder, is this worth my time. Your salary and benefits would be your return on your time invested at a job. Though, if you were told the job would be 35 hours a week and you regularly work 70 hours, your ROTI would be half what you thought it would be.

If you are an entrepreneur, your ROTI can be a little discouraging in the first couple of years as you might work very long hours while planting the seeds for your business, and not getting much back in return.

As you don’t know how much time you’ll have in this life, before it’s all over, and you can’t get any more of it, you are best to allocate or spend every minute wisely.

By the way, your returns don’t have to be measured strictly in financial terms when measuring ROTI. The returns you get might be the joy of spending great moments with your family, spouse, kids, parents, friends, etc.

So when you consider your financial return on investment, also consider your ROTI. What you may have to give up in time, to achieve certain returns, may not make the investment worthwhile.

Reframe your thoughts Think About It

You Always Have A Choice

Posted on January 17, 2020

No matter what the situation, you always have a choice. Now the best choice, from your perspective, may be obvious, or the idea of one of the choices may be revolting or incomprehensible, but it doesn’t mean you don’t have a choice. It simply means you have a preference for one of the options and are not interested in the other option.

Sometimes we hear the words, “I don’t have a choice”, or, “I didn’t have a choice”. It may feel, or seem, like our choices are limited to one, but it isn’t actually true. It’s just a story you tell yourself, and others, to try to rationalise or justify your decision and action.

For people who don’t like to take personal responsibility, who are often looking for someone else to blame, these kind of comments are perfect. They feel they can be absolved, as they didn’t have a choice. “The devil made me do it”, is a classic excuse to try to escape personal responsibility.

If you find yourself challenging the above idea, that we always have a choice, you may find success, and joy, are more elusive than you had hoped.

Action Think About It

How Important Is This?

Posted on January 16, 2020

If I want to gauge how important something is to me or to someone else, I put it through the same filter I have since I was in my teens. This filter I use is the following: Is the person using the care, diligence and urgency that I imagine a heart or brain surgeon would use on the country’s leader or that a Marine or SAS operative would use on a special mission?

These scenarios are life and death. Mistakes can cost lives, including your own, if you were the patient or the operative.

These people will be highly trained, well drilled, and focused on a successful outcome. They will confidently take action to achieve their desired result.

They probably don’t use phrases like, “I kinda feel like I can give it a try and then we will just see what happens.” Certainly words you do not want to hear from your heart surgeon as they are putting you under…

Think About It

You’re being brainwashed

Posted on January 13, 2020

Call it brainwashing or programming. Even influencing, education, training or encouraging.

We all choose to allow others to fill our minds with thoughts and ideas which lead to our basic, individual philosophy, which then leads to plans and actions.

We choose to tune in or tune out, to something or someone, at every second of the day. You’re listening to, or tuned into, your friends, radio, spouse, news outlet, social media feeds, your own mind and thoughts, children, parents, journalists, entertainers and tv.

Hence, we are all being brainwashed by others if we don’t stop and think about what we are letting our minds consume. Just as with food, our consumption habits will catch up with us and it will be obvious to others and eventually ourselves.

We tend to adopt the message and philosophy of the content creator, or we move on to something that appeals to us more in that moment. We will return to the content, and the content creator, that we enjoy, agree with, or that makes us feel comfortable, thereby reinforcing their message and adopting it within ourselves.

Of course if we don’t like certain content or the creator, or if we stop, think and recognise that it is not good for us, we can choose to simply ignore it. That’s right: it’s a choice.

Is all of your mental consumption making you a better, happier person, or should you consider switching out some content creators?

Think About It

Mind Power – Take Back Control

Posted on January 11, 2020

Many people tend to live on autopilot. It’s simple and easy. Consistent and comfortable. But it’s not ideal when you want to change something in your life.

You need to stop and think. Yes, think. You’ve got to switch off the autopilot and switch on the manual control.

You will have to puzzle over the item. See it from different perspectives, not just your usual one. And, it’s hard work if you are not in the habit of doing this. But it does get easier the more you do it and train your brain.

Relax. Try to see how things could be different if your thoughts shifted a little.

You’re in control.

Enjoy that feeling.