Risk – at any stage of our careers – is more a function of behaviour than circumstance. It increases or diminishes as a result of your approach to life, less so as a consequence of chance. Great personal risk managers aren’t simply great gamblers; they are people who approach life intelligently, pragmatically, and unforcefully.
Passion does not always need to equate to a light-bulb moment, a narrowly-defined activity, or a distinctive field of interest. You wouldn’t be successful at 38 if you hadn’t practised some form of passion in the build-up to this point of your career. Instead of only wrestling with the question of ‘where or what’ your passion is, give yourself the space to contemplate the following few questions instead:
1. Define your quest well: Be specific about the problem you want to solve or opportunity you pursue.
2. Introduce objectivity: Delink yourself from the issue to neutralise your own pre-conceived ideas and sentiments.
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.
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.
Read the rest…
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.
Read the rest…