Think About It Archives - Page 70 of 85

You Don’t Have To Think But It Helps

Posted on April 15, 2021

Reacting is easy. It rarely requires thought. A person says or does something and you weigh in with your comments. You don’t have to think but it helps.

Why does it help if you pause and reflect on things before engaging your mouth? First of all, you probably only know the tip of the iceberg. Secondly, what you do know is likely biased by the provider of the information. Thirdly, your immediate opinion will be biased by your own experience and philosophy. Finally, you may not truly believe what you say. You may instead be giving an emotional response without clear balance.

In our fast paced society, many people have a tendency to see from one angle and comment from one perspective. It has also become more common to side with the purported underdog. We must take the time to improve this. Otherwise, we will find more people shouting and arguing over biased headlines without any substance.

Slow things down. Assess how everything progressed to where it is now. Acknowledge what you feel is the right answer. But then, take some time to explore alternative viewpoints. Remember, just because you don’t want gravity to exist doesn’t mean it doesn’t exist.

If you want a calmer, more enjoyable life, try this out. You don’t have to think but it helps.

Observe Think About It

I Want To Know

Posted on April 14, 2021

Why do we get curious? Curiosity can be a great thing. It’s instrumental in how we become aware. Curiosity also killed the cat. I want to know so many things. There isn’t enough time to learn all that there is to know about everything.

What is it that drives us to pick up a newspaper or turn the news on the radio or TV? Is it curiosity? Could it be a simple habit we’ve developed?

Perhaps it is our desire to fix things that seem to have gone wrong. Although, it could also be the desire to be a part of social events. It can be a way of connecting with others through a shared topic. Additionally, we can all have an opinion on the event and therefore feel able to comment on it.

It seems odd that we want to know so much about people and places we are unrelated to. In addition, it is rare we can do anything constructive to help the situation either.

So maybe next time you reach for the remote, paper, or a device to search up the news, just stop. You are trading away your life minutes to find out about other people. And you are unlikely to ever encounter those people.

It feels like a funny trade of time. Any thoughts why? I want to know.

Action Observe Think About It

Too Many Options

Posted on April 13, 2021

Baskin-Robbins ice cream serves 31 flavours. They’ve introduced 1,300 flavours since inception in 1945. Too many options can slow down your thought process and ultimately your success.

It can be helpful for a consumer to have just one option. At best, you could offer them two or three options. A bit like Apple does with its iPhone offering, its laptops and its computers.

Once people have more options than that, they start to be paralysed by indecision. Often, they start to questions their choices and review their short list of options.

One thing I learned growing up in the countryside was that if you had only one option nearby, that was the best one. Moreover, no second guessing was involved. Finally, if people wanted to eat, skate or play tennis, there were only a couple of places to do that.

I love exploring and trying new things. Just ask my kids about the variety of flavours I bring home. Pineapple covered in yogurt and popping candy comes to mind.

There is a lot to say about the simplicity of one or two choices. Restaurants with 75 items on the menu seem a bit crazy. This is not just endlessly challenging for the consumer. In addition, the kitchen has to keep enough of each item in case it is ordered. And it can’t have gone off when it is selected.

Too many options is an unnecessary indulgence.

Action Gratitude Think About It

The Perfect Answer

Posted on April 10, 2021

Wouldn’t it be nice if someone would just tell you the next step to the ideal destination? If someone could give you the perfect answer, you could just get on with it.

The times I am most lost, or I procrastinate, involve moments where I am uncertain of the next best step. Being uncertain has its positive moments but not usually when involving decisions about life direction or major moments.

Sometimes I would just prefer if an exceptional being could hand me a map to my destination. On that map would include the next 20 steps exactly laid out so I just had to do them. No guess work and success guaranteed. It wouldn’t have to be every time either. But simply once in awhile, when I am most stuck.

Wouldn’t you like to have a helpful situation like that?

Of course there are many books, coaches, courses, classes, programs etc that can help you find your way. Though how many of them provide a bullet pointed map, with 20 precise steps to your ideal destination?

Perhaps someone will create the ultimate map with step by step instructions. They could sell it with a guarantee for success. That would be worth buying.

Getting the perfect answer has a great deal of value.

Action Think About It

The Easy Solution

Posted on April 8, 2021

There is always an easy solution to everything. Just the implementation and effectiveness are issues. The easy solution needs to be considered but should be reviewed for more complex items.

For example, the easy way to lose weight is to eat less and move more. This would bring in fewer calories and burn off more. And although solutions don’t come a lot easier than this, the individual implementation is much more difficult and therefore the effectiveness is often less than ideal.

Similar thoughts could be had for smoking or drinking. Easily, the best way to stop both of those is to stop buying the products. If you don’t have cigarettes at home or any alcohol, you are very unlikely to consume them.

Tidy your house, desk, papers or car. Seems so easy. And then when you are in the location again, do not leave anything there to mess it up. This good habit will leave your car, house, office or bedroom, very tidy indeed. If only people could perform like this daily, their spaces would be amazing.

Of course, many people do live like this. You may not be one of them, but they are out there.

The easy solution exists for many things. Though some people are unwilling to properly implement for effective results. Are you one of them?

Action Financial Gratitude Health & Fitness Think About It Time

Those Defining Moments

Posted on April 2, 2021

That early win or terrible slip-up can have a long lasting effect on our self-perception and confidence. Those defining moments can haunt us or provide much needed energy for our sails. Which defining moments can you recall?

It’s great to look back on these and unpick them a little. Was it a sporting achievement or scholastic? Were you 8, 13, 18, 27, 33, 48, 57 years old or a different age?

I was fortunate to have great friends, be athletic and be very good with academics. So I can recall mostly good memories at an early age and also as I went through secondary school.

Can you recall the first time you went on a big road trip? Do you remember being on a boat, train or airplane? Who inspired you the most when you were under 10 and who was it when you were a teen?

Most importantly now, is not what has happened, but what will happen. What defining moments would you absolutely love to have in your life? Will it involve an athletic achievement? Perhaps you have an academic goal in your sights? Relationship and financial success are both wonderful things to work towards. Don’t think any of these things just happen. You have to get yourself in the right place both physically and mentally.

Then those defining moments can happen!

Action Financial Progress Think About It

Producing And Consuming

Posted on April 1, 2021

Do you consume more than you produce? It is an interesting question. Producing and consuming are both required in life. However, imbalances in your life will occur if you do one more than the other.

Producing here means providing something of value. The more you offer in value, the more productive you are being. The more the market perceives value in what you are offering the more you can charge for it.

If more people like what you offer, the larger your business will grow. This is how the world has companies valued at billions of dollars. Because of this, we also see billionaire founders and investors. This is what happens when you provide something that others find valuable, not just what you think is valuable.

What you think is valuable is what you will consume. The more value you place on a product or a service, the more you will be willing to pay for it. This payment you make will come from your own resources such as income or savings.

If the value of your consumption is more than the value of your production, you will have less money or wealth. If your production value is greater than your consumption value, you will attract and keep more money.

Producing and consuming are part of life. Which one you focus on helps determine how you spend it.

Financial Observe Think About It Time

Feeling like Spring 2000

Posted on March 31, 2021

Anyone else got that deja-vu thing going on? Stock markets near all time highs and some stretched valuations. It’s feeling like spring 2000.

The Deliveroo IPO was not in line with City expectations. This immediately made me think of a similarly hyped IPO from March 2000. It was the IPO of Lastminute.com, the dot.com seller of discounted travel. Although it’s initial day was much better, it turned south very soon after. Things continued to unwind through April and into May. Actually it continued for a full year. From the 14th March 2000 IPO through to 14 March 2001.

The NASDAQ peaked in March 2000, coincidentally. It then went on to fall 78% over the ensuing 31 months. The descent ended in October 2002.

This all came on the back of a very unique year, which was the last year of the Millennium/Century/Decade. We’ve also had a very unique year in 2020. That seems more circumstantial, or not relevant at all. But I thought I would throw it in there.

Anyway, after the bull market in the 90’s, there was a shake out. Maybe we are seeing the start of a shake out now again. We have had about a decade of bull market activity, so theoretically markets are due a correction.

It may be just me, but it’s feeling like spring 2000.

Financial Gratitude Think About It Time

If I Had His Money

Posted on March 30, 2021

I would do things differently. Have you ever heard someone say this? Maybe you’ve even said it. If I had his money I would do x,y,z.

Now it could be his or hers, but the idea behind the phrase strikes me as the speaker thinks they would do better with it. In my experience, hearing people say this, it tends to involve the speaker spending more cash on luxury items. Holidays, clothes, better meals out and cars seem to high on the list of improvements.

The irony seems to be, once again, that those who develop good cash management habits have more cash to manage. And those that don’t put effort into good cash management habits, don’t tend to have much money to manage. Though they are not short of observational skills and have a fine knowledge of how to improve the millionaire’s suboptimal lifestyle.

With just a few flourishes of a debit or credit card, the speaker can resolve your unfortunate circumstances.

This may be one of the reasons why the speaker might not have enough money of their own to mess about with. With their unique money mindset and a propensity to spend rather than save, we can better understand why the speaker is in this predicament.

The good news is that great money management habits can be learned. Then you can turn, if I had his money, on its head.

Think About It

Curious, Confident, Resilient Kids

Posted on March 28, 2021

What three things do you wish for your kids to be? After all the education, training and experience, I’d like them to be curious, confident, resilient kids.

The way I see it, you need to be curious about life. The more curious you are, the more you will find out about things. You will learn, engage, meet people, have fun and develop more quickly as a person.

As all these new people, situations and aspects of life are being discovered by their curiosity, they should, and will need to, grow in their confidence. The greater the experiences the more likely they will gain confidence. Additionally, helping them gain confidence from a young age is an important element of raising children. Letting them try and fail. Allowing them to make mistakes and supporting them throughout with strong messages of support.

Finally, there will be moments that knock them back. Physical situations, nasty people, relationships ending and goals missed. All of these are possibilities. And, although as a parent, I don’t want them to encounter any hardships, I know that is unlikely to be the case. So I want them to develop resilience so they can be knocked down and get back up. Whether it is once or 53 times, I want them to be ready and develop an ability to stay cheery and bounce back.

Curious, confident, resilient kids – that’s the goal.