moneyFYI
Financial Freedom Is Merely Organized Common Sense
Problems And Opportunities Are Two-Sided
People often examine problems and opportunities badly. They look only at one side.
There is no situation that won’t benefit from a deeper approach. Nothing in life is one-sided. Seek a balance of positive and negative.
When obstacles appear
Barry Brownstein published an interesting essay recently. Obstacles to Freedom Can Be the Way to Freedom
The opening paragraph sets the idea in place. “In his Meditations, Marcus Aurelius famously observed, “The impediment to action advances action. What stands in the way becomes the way.”
The idea is that obstacles lead to improvement or even success.
One common technique is to magnify the obstacle so you can identify nuance and make a stronger effort to overcome it.
Many obstacles are psychological. Fear-inducing is a common problem. Henry Ford had a thought.
Obstacles are those frightful things you see when you take your eyes off your goal.
Examine obstacles for new information and wisdom.
The unexamined side of opportunity
People often fail to examine opportunities critically. There is no opportunity so spectacular that it does not also deliver problems and risks. It is easy to overlook defects in the opportunity because we tend to look into the projected future result. Looking past the sale leads to the motivation to own it and get started on achieving this bright future.
Keep a simple thought in your mind when assessing business opportunities. Look for defects first. If the short run doesn’t work, the long run doesn’t matter.
On the plus side, failure does allow you to start again with the wisdom derived from what you have learned.
Even a mistake may be the one thing necessary for a worthwhile achievement. Henry Ford
I build strategic, fact-based estate and income plans. The plans identify alternate and effective ways to achieve spending and estate distribution goals.
Be in touch at 705-927-4770 or by email at don.shaughnessy@gmail.com.
moneyFYI 