Who Are You and What Do You Want?

Build your skills and other resources so you can make the most of what’s important to you.

Socrates died more than 2,400 years ago. He had a remarkable career but found himself on the other side of the political elite of his time.
A thought he expressed before his death sounds like someone addressing some woke autocrat today. Perhaps we should each listen and decide if it applies.
“I prophesy to my murders, that after my death punishment far heavier than you have inflicted on me will surely await you. For the noblest way of life is not to be crushing others, but to be improving yourselves.”
As with buildings statues, monuments and people, tearing down can be accomplished with little skill. Most who tear down could not have built what they destroy.

Time to assess and act on what we learn.

Woke is about group membership. There is no demand for individual responsibility. We have seen retail businesses attacked and robbed. Does the nominal authoritiesĀ  hold the miscreants responsible. No they do not. They haveĀ  by their actions incentivized the behaviour. No arrest under $950 and no cash bail. The obvious rule is you get more of what you reward and less of what you punish.

For many people absence of punishment is the same as reward.

Life is composed of several factors

On the economic side. All decisions relate to incentives and tradeoffs. The key is follow incentives where the return for what you put in is worth more to you than the resources consumed to get that return. It may involve postponing and prioritizing your wants.

On the life side, there is a time for many things. An order if you will. I think the thought I relate to most easily, is “I knew I would get old, I just didn’t think it would happen this fast.” That means you think you have time. Don’t delay doing things that are durable.

  • Learn to look after your body.
  • Learn to build relationships. You’ll need relationships. The rule is “If you want to go fast go alone. If you want to go far, go with others.”
  • Teach what you can to anyone who is interested. Teaching rewards you by helping organize our thoughts.
  • Take time to enjoy things you can appreciate. People, landscapes, trees, flowers, children, your achievements, spirituality, who knows. Be aware of a Coco Chanel’s idea. ” The best things in life are free, but the second best are very expensive.” If you use your resources wisely you’ll understand the necessary tradeoffs.

A bit to take away

An organized life is easier to manage.

Help me please. If you have found this useful, please subscribe and forward it to others.

I build strategy and fact-based estate and income plans. The plans identify alternate ways and alternate timing to achieve both spending and estate distribution goals. In the past I have been a planner with a large insurance, employee benefits, and investment agency, a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business. I have appeared on more than 100 television shows on financial planning, have presented to organizations as varied as the Canadian Bar Association, The Ontario Institute of Chartered Accountants, The Ontario Ministry of Agriculture and Food, Banks – from CIBC to the Business Development Bank.

Be in touch at 705-927-4770 or by email to don@moneyfyi.com

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