Time Archives - Page 73 of 88

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.

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.

Action Progress Think About It Time

How To Live Intentionally

Posted on June 3, 2021

Are you on auto-pilot? Do you get through the day because of your habitual thoughts and actions? Learn how to live intentionally and you could dramatically alter the course of your life in just a few months.

Making intentional choices about what we want in, and out of, our life is our greatest power. We have the power to make choices every day. What is it that is stopping us from making the choices we want? Do you even know what you want?

This is not a question about what others need or want. Perhaps you have suppressed your own emotions and desires for so long, you can’t easily answer the question.

Start thinking about what, and who, you want in your life today. Decide what brings you joy and what doesn’t. Take a shelf in your house and really look at each item on it. Pick up each item and ask yourself, “Does this bring me joy?” If it does not, then remove it from the shelf today. Send it to a charity shop so it can find its rightful home.

If you want to keep it, be certain that this is the exact spot you want it to live in your house for now. If not, you should move it now to where it will bring you the greatest joy.

Learn how to live intentionally or you could fumble along in a fog of meh.

Action Gratitude Health & Fitness Reframe your thoughts Time

Have A Fabulous Day

Posted on May 29, 2021

I love great days. It’s brilliant when everything is firing on all cylinders and everything is feeling right. Have a fabulous day like I did and it will make you feel 10 years younger.

Clear the decks from all responsibilities and go enjoy. Be present and let the day unfold. Attack it with a lively and positive attitude. Let little things slide. Give every moment a smile. Do it even if you would rather flip it the bird. Life zips by as we zoom around the sun.

Take advantage of every moment you have. You will reach a moment in life when it will get quite difficult to do things. Even thinking or remembering could get difficult. So pick a day here and there and dedicate your life to it.

It does not have to be expensive or difficult. We went for a family walk / hike at Box Hill. It was a brilliant day out. We brought water and snacks. So a bit of petrol and a small car park fee were the only costs. Pretty awesome for five people to have a fabulous day.

Use a simple outing to create a great and lasting memory. Maybe book one of these days in every month. I’m looking into it now.

Progress Think About It Time

You Are Not Really Trying

Posted on May 26, 2021

It’s so easy to wish it were so. It feels good to think we are making the effort. We might even be ok with fooling ourselves. However, you are not really trying.

Take a look at your results. Review your actual progress in the last week. Have you made the progress you wanted? Have you made the progress you have written down in your formal plan? Did you write down your specific goals, milestones and plans to get there?

You need to start there before anything else. If you have not written down a goal, key milestones and a plan to get there, have you really put some decent effort in? Or are you on the hope plan? I will wait and see how it goes. Check back in 7 or 8 years and see if I am still playing the same game.

Or, have you repeated these same hopes, wishes, desires for the past 10 years and you are not where you really want to be? If you are not where you wanted to be, have a look at your process. Review your mindset. Ask people close to you for some honest feedback on what they are seeing that is stopping you.

Achieving good things doesn’t need to take long. You can make some serious progress in just two months, if you are seriously focused.

If you are not really trying, try harder.

Action Gratitude Reframe your thoughts Time

Undoing History

Posted on May 17, 2021

The desire to undo things done must be as old as civilisation itself. People say and do things they wish they could take back. Undoing history would be lovely in some respects. However, there is no giant red rewind button to facilitate this.

Wouldn’t it be nice if such and such had happened or hadn’t happened. The musings of those not wanting to accept the brutal facts of reality. Things are as they are today. They are like this precisely because billions of people did trillions of things and they can’t all be undone.

By constantly living in the hope of the past being different, we can drive ourself to madness.

It may give us some comfort to hope that we will be young again. Or even that wars will not have been fought and past transgressions never occurred. Spending time on trying to right the past uses up energy we could use to improve the present and the future.

Sure it would be better if certain things were a certain way today. Anyone whose family has had a difficult past would probably agree. However, it has happened a certain way and we must make the best of it now.

Rewriting history might make you feel better about the story but the results are in.

Undoing history is still not possible. Best to focus on what is.

Gratitude Health & Fitness Observe Time

The Calming Effect Of Clouds

Posted on May 11, 2021

Have you ever sat back and just watched the sky change? There is something therapeutic about it. The calming effect of clouds is one of natures truly simple pleasures.

Lie down on your back, on your deck, in your garden or at the local park. Get comfy on a blanket or nestled in the grass. Allow yourself some time to relax and enjoy it. Maybe 15 minutes or half an hour will work for you. In addition, bring your child or children.

Lie down with your heads near each others. A circle may be the best formation. This way you can speak to one another and all hear what is being said. Just try to not to get too chatty. Stay focused on the clouds and their ever-changing formations.

My favourite time to do this in the park is in the summer on a warm day with a little cloud and light breeze. The warm air is relaxing. The blue sky punctuated with the puffs of clouds being moved around by the gentle breeze is lovely.

If you have a glass ceiling in the house, this can be a great year round activity. It can be especially enjoyable on stormy days and windy days. If you haven’t done this for a while, do it today. You’ll get up feeling 10 years younger.

Enjoy the calming effect of clouds.

Observe Time

You Have My Attention

Posted on May 10, 2021

Possibly the most valuable thing in the modern world. People act up to get it and also pay vast sums for it. You have my attention now so what are going to do with it?

In person, you can lure my conscious thought by a touch. At a distance, it is usually audio or visual that attracts me to what you are up to.

Think about how much time, effort and money is spent on trying to bring you along. In addition, they want to keep you on the ride for a bit or get in your head and stay forever.

Sometimes it will be to try to help you with useful information or medical assistance. Other times it is to sell you toys, ideas and food. There really is an endless supply of reasons for which people will try to attract your mind to them.

However, you do not have to get involved. You can leave the room when a commercial is on, not answer the door when it’s knocked on or leave the phone unanswered when it is an unknown number. Although you may get caught out by a friend, family member or your work colleague. They may contact you and borrow some of your precious time. Make sure it is worth it.

You have my attention. Please treat it well.

Action Time

The Right Time Is Now

Posted on May 7, 2021

You’ve been holding back on something. You want to move forward but the timing doesn’t feel right. Well, the right time is now.

The lights may never be green at every intersection from here to your destination. You may have to slow down or stop once in a while. But another green light will appear and you will be able to continue on your way.

However, getting off your bottom, getting in the correct attire and getting in your car is the start of the journey. You can’t be part done until you start. And yes, you may not have all the information you think you need. Few people ever do. Perhaps you’ve waited too long if that is the case.

Make those phone calls and speak to the people you need to. Read what is critical and do what is required, but at least get going. 90% of life is just showing up. If you show up, they may pick you. If you are the only one there at the right time, you may be in luck.

And you never know what the right moment will be, so you best keep showing up. This reminds me of a time I was walking down a street in Sydney, Australia. A police officer stopped me and asked if I could join a police lineup. But that is another story…

The right time is now. Get out there.