Scott's Thinking - Page 142 of 173

You’re Not Wrong

Posted on November 16, 2020

Or are you right? They may sound like the same thing but often enough they are not. If you guessed they were though, you’re not wrong.

I’ve always found this phrase a strange one. If I am not wrong, doesn’t that mean I am right? On the surface the answer might be yes. Though sometimes people have one or two other options which they believe to be correct or more right than your view. So those options would be more right than your position. This is a possibility.

Alternatively, you could simply be right. By that, I also mean the most right. However, the person responding to you might have a negative frame of mind and therefore responds to things with a more negative angle.

Sometimes though, the person just does not like to admit they are wrong. Or even worse, for some, is to acknowledge that you are right! One way to check what they mean is to ask them, ‘Does that mean I am right?’. Sometimes their reaction to that question is the best bit regardless of what their answer is. In my experience of asking the question, I have noticed it really gets people to stop and think.

Enjoy those times when ‘you’re not wrong’ means ‘you‘re right’!

Financial Think About It

The Cost Of Watching TV

Posted on November 15, 2020

You would be surprised how much your TV costs you. And I am not talking about the purchase price. The cost of watching TV may be higher than you think.

There are many ways to look at this whole TV watching scenario. It has really been brought home to me several times in my life. However, it may have had its biggest impact years ago, when I heard this idea from Jim Rohn.

For most people it is not the cost of the TV, even if it was £3,000. The real cost is higher, even if you add in the cable cost, movie channels and streaming services at £150 per month. It is the time you spend in front of the TV that costs you dearly.

First, that time could be spent with children, loved ones or on other engaging endeavours. Secondly, what is the financial opportunity cost of the TV? If you are paid £20 per hour (£40k per year) and watch three hours of TV on five of the seven days a week for 52 week, that would equate to an additional £15,600 if you were working. That is almost 40% more income.

Imagine if you turned your nightly TV watching into a profitable hobby that generated an extra £15,000 of income a year from now.

Ah, the cost of watching TV.

Action Progress Reframe your thoughts Time

You Need A Full Court Press

Posted on November 14, 2020

Sitting back and waiting for things to happen is not always a good strategy. Sometimes you need a full court press. It’s an extreme defensive strategy used in basketball, which can be seen as a form of intense offensive strategy.

Sometimes you just need to be patient. For example, with a pregnancy, despite any anxiousness, it is generally best to be patient and breathe well. For other things, like buying concert tickets or a property, it can pay off if you continually press things forward.

This is where I like to use the full court press term and analogy. In our experience, people have a specific pace to get things done. When you combine that with other people and their pace, it tends to mean things move at the slowest pace in the group.

Unfortunately, this is not always ideal. This is because there will be times that you have a property opportunity that could disappear if you are not quick. Many people say that it takes months to complete on a property transaction. While that may be true, if you are patient and let the process run at their pace, if you get engaged, you can complete in a few weeks.

The key considerations are next steps, planning and communication.

Then you need a full court press and to continuously move everyone forward each day.

Action Observe Progress Reframe your thoughts

Learning While Teaching

Posted on November 13, 2020

Learning something is good. Being able to convey that knowledge to someone else is brilliant. Learning while teaching a skill or subject is possibly the highest form of engaged interaction.

I’ve heard good teachers, speakers and sports personalities refer to how much they learn while sharing their knowledge or skill. It is an interesting aspect of life. By giving someone the benefit of our experience, knowledge or skill, not only will they gain, but we gain as well.

However, we may only gain if we are paying attention and open to learning. If we assume we are only providing information, we may miss the opportunity to receive feedback loops of learning.

It takes a certain skill to transfer knowledge from yourself to someone else. Not everyone is good at it, though it can be learned. Though while you are transferring that knowledge, you can also reassess how you learned, understood or integrated that knowledge. During this process, you may look at things in a new light. Perhaps new experiences, thoughts or information will impact your perception and adjust your mindset.

Although it can be quite difficult to be confronted with new points of view, it is beneficial to grasp those moments. If there was only one best way and one right answer, we would all know it by now.

Learning while teaching is a worthwhile skill to develop.

Gratitude Observe Think About It Time

The Sounds Of Children Playing

Posted on November 12, 2020

Playgrounds and schoolyards can be immensely fun and filled with energy, excitement and enthusiasm. The sounds of children playing can be music to our ears.

We live near a primary school, which has it’s pros and cons. Certainly one of the pros, for me, is that every weekday, for the entire lunch period, I can hear the frolicking fun being had by all. It does bring a smile to my face as I hear the enjoyable mixing of their fluctuating voices.

Not only is it fun to hear them and imagine them playing games like ‘it’, but it is fun to reminisce too. Thinking back to the times when you were 6 or 9 is always interesting. What games did you play? Who were your very good friends? What did you do and talk about for an hour at lunch?

It is fun to think back and remember the easier memories and also stretch your mind to recall other things that have more dust on them. It can be pleasant, painful and helpful to remind oneself of the days of their childhood. You can learn a lot about where you are now but understanding how you were then.

They’ve gone inside now. The playground has fallen quiet.

There can be a hollow emptiness once you can no longer hear the sounds of children playing.

Action Observe Think About It

How Do You Decide?

Posted on November 11, 2020

Decisions are based on feelings. But there are reasons behind them. Though often they are difficult to deconstruct. How do you decide?

People start with a gut instinct or initial reaction. This kind of thinking allows you to swerve your car or bike in a split second to avoid hitting a pedestrian. It can also be used when meeting a new friend or partner.

This fast decision making is based on our natural instincts and personal experience. Sometimes it serves us very well and saves our life. It is often referred to as ‘quick thinking’. This is more of a reactionary mode with little time, if any, spent on processing new information.

Other times, we make a decision but we don’t act quickly with it. We will observe, question, theorise and consider evidence a little more. You can recognise this when speaking to someone as they take time to reflect and give the idea some consideration before replying.

In the later, people who have ‘mulled it over’ have a better understanding of themselves and why they are making the decision. If you simply react, you are not open to new information and dismiss it as wrong or unnecessary.

If you don’t reflect, you may not understand what values and priorities drive your decision making. You’ll grow more if you do.

How do you decide?

Observe Reframe your thoughts

Normalisation Has Pros And Cons

Posted on November 10, 2020

Normal and normalising sound like good words to me. However, they have a darker side that receives less attention. Normalisation has pros and cons and you are better prepared if you know some of them.

Normal sounds regular, acceptable, average and uncontroversial. It has a nice sound to it. For example, ‘She seems fairly normal’, or, ‘We need to normalise relations with them’ have a positive tone to them.

Although it does depend on what you deem acceptable for normal and what you are comfortable with. Is smoking normal? If you ask a group of smokers, the answer is more likely to be yes. For fresh air advocates, rolling up dried leaves, setting it on fire and inhaling it may not seem normal.

So perhaps we note that you hold the belief that smoking is not normal or desirable. However, you might meet someone interesting and later on find out they smoke. Gradually, through numerous interactions with the person, you may start to normalise smoking. Your graduated exposure to smoking and the brand enhancement it receives being associated to a likeable person makes it less unpalatable.

If five more friendly smokers join your new group, you may find yourself moving from neutral to engaged and begin smoking.

Normalisation has pros and cons.

Action Progress Reframe your thoughts

Selection Is Critical

Posted on November 9, 2020

Freedom of choice is a powerful thing. Selection is critical in choosing your health, your career, your partner, your income, your thoughts and actions.

Sometimes people don’t realise there are choices. Or they know but are so dismissive of all of their other known choices that they stick to only one. You select the input for your life. You decide which media you choose to follow and influence your thoughts and philosophy.

Just like a media outlet chooses which story goes up as the lead story, you choose the thoughts you want to focus on. The media outlet employees find the ideal picture to accompany their story and the angle they have selected to run with.

We often unconsciously go ahead with certain thoughts and actions because they feel good and are comforting. We call the same friends, read the same news and watch the same shows. Sometimes we need that. But to grow, we are better off mixing it up a little. Go learn something new or different. Become a bit uncomfortable. Select things you wouldn’t normally choose.

I do that a lot with news, views and foods. I have rarely had a bad experience and I always find out more about myself and the world.

Selection is critical. Be wise as you improve your environment.

Observe Think About It

Life Isn’t Fair

Posted on November 8, 2020

We all want life to be fair. We want a fair match when we watch sports, a fair hearing in court and a fair interview in our career. However, life isn’t fair. Or at least, most people can’t see how it is fair in some circumstances.

I have found that remembering that life isn’t fair is very helpful during challenging times. It comes back to the expectation versus reality gap. If you expect life to be fair, every time you don’t think it is, you will be frustrated.

My children hear this phrase frequently too. I remind them that life doesn’t always look fair in the present, the short run or the long run. However, it may be fair eventually, particularly if you believe in karma. Or it may never be fair, especially if you don’t believe there is an entity watching and keeping score.

Though I do suggest to them that they can try to make life fairer by their own thoughts and actions. If someone is having a bad day, they can try to make it better with a kind word or a small token. They can also play by the rules of the game and ensure the people on their team do too.

Life can be tough and life isn’t fair. But we have a responsibility to try to ensure it is as fair as possible.