Thriftiness is often interpreted as an extreme savings bias, but we suggest you rather view frugality as healthy prudence in avoiding any form of waste.
The Logic Filter is a private, independent business, founded by
Louis and Niel Fourie in 2007.
Its core offering is life mentorship to young professional people.
Its flagship product is the Regarding your Life program, which consists of eight full-day sessions, spread over a year, typically attended by a group of around five to seven people from the same company, professional sphere or social domain.
The Regarding your Life program forms a central part of the executive management development process in many leading South African companies, and is used by many independent young entrepreneurs and professionals as a self-investment intervention.
Be open to advice, but keep in mind that you cannot outsource your life, not even to ‘experts’. No one is or should be seen as infallible, however admired, no opinion as flawless. Everyone has biases and blind spots, however subtle they may be.
Economic disparity has indeed become the most dominant socio-economic story of our day. So much so, that every labour dispute, political demonstration and ideological quarrel is in some way branded as symptoms of either the income or wealth gap.
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Ideally, no. An enduring agreement relies on both parties ending up in a better position than they had been in before they started talking. Entering any negotiation with the mindset of “beating your opponent” sets a toxic precedent for future engagements.
Generosity is a wonderful character trait and has, over millennia, played a big role in making the world a better place. Unfortunately, the business of charity is also renowned for its inefficiencies, the debatable motives of many of the sponsors, and frequent abuse of good will.
“Life is simple for those who don’t insist on making it complicated.”
(Interpretation: Don’t underestimate the impact of your own viewpoints and choices on the quality of your life experience)
The inadequacies of wealth are related to the hands that hold it and expectations that misjudge its reach.
A first point: Purchasing power is a privilege and affords us choice, but people instinctively tend to imagine wealth as a door to an ever-increasing cycle of pleasure and carefreeness. The truth is that the effect of acquirable delights peaks sooner than we imagine.
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You are blessed, being afforded financial independence at your age. But you are behind with your cash-out strategy. You have to seize the moment. Your first responsibility is to preserve an ample amount of wealth and diversify it away from your business venture. It’s not disloyal or unambitious; it’s responsible.
That generousity is a currency that multiplies when it is shared.
That South Africa is blessed with an amazing quality of consciousness, to have opted for such leadership in troubling times.
That goodness is an investment that seldom fails.
That there are higher returns to achieve in life than our own success.
Every life phase has its nuances, but we believe there are seven ageless principles of life that you should nurture, irrespective of your age:
• Invest in yourself. Never ‘switch off’. Attend to your spiritual wellness, your intellectual growth, your physical fitness. At 70, there are potentially many years ahead of you. Own up to them.