Wisdom

The importance of teaching children about money

06/09/2024 by

Teaching Children About MoneyThe importance of teaching children about money is not something that’s taken as seriously as it should be, in my opinion.

Certainly not in the education system. As far as I can see, financial education for children and young adults is rarely covered within the education system at all. It wasn’t when I was young and it isn’t now.

Some might say that money’s not the most important thing in life and philosophically that may be true.

However, money’s up there with oxygen and water when it comes to sustaining human life. In the modern age, life revolves around money, whether we like it or not.

Money’s a measure of the value we add to the lives of others and it’s also the oil that lubricates human existence.

Without money, living would be virtually impossible for almost everyone today.

1. The point of teaching children:

The point of teaching children is to prepare them for adult life, surely?

Our aim should be to equip them with everything they need to know, so they can function effectively as adults once they leave the education system.

Now reading, writing and arithmetic are all essential subjects, of course, because you can’t get too far in the world of work without these basic skills. And it’s through work that we really add value and maximise our income.

Nevertheless, where I believe the education system generally fails children and young people is the omission of the teaching of essential life skills, like earning an income and managing money. Important subjects like money and personal finance are never covered at all, certainly not in any significant way.

2. Money and personal finance:

To me, it’s surprising that we don’t teach our children about money or personal finance in their formative years.

Surely whilst at school, children should learn about:-

          • The way money is earned;
          • The way to manage money;
          • How to budget, so they can pay their bills; and
          • How to spend their money wisely.

Children should also learn about how they should prioritize expenditure to avoid getting themselves into a financial mess, in my opinion.

3. The pros and cons of debt:

Personally, I think that children and young adults should learn about the pros and cons of debt.

They should learn about the difference between secured and unsecured debt, given the impact these factors will have on the interest rates that will be applied to such debt.

Young people should learn about the power of compound interest too. Not so much as a mathematical exercise but in terms of how it can quickly turn a relatively small debt into a very large debt if we’re not careful.

And they should also learn to appreciate that credit cards are not just a convenient means for cashless payment.

Used thoughtlessly, credit cards can result in personal wealth destruction and excessive levels of expensive debt.

Children and young people should know that credit cards are a form of unsecured debt, which means they come with very high rates of interest, which accelerate a personal debt mountain rapidly, if not paid off immediately once the bill arrives at the month-end.

4. Interest rates matter:

Everyone should know that interest rates really do matter. They’re very significant and shouldn’t be treated lightly.

Children and young adults should learn that they should never go into debt for the purchase of discretionary items. It’s always better that they save up for that discretionary purchase before they buy, of course.

5. The nature of work:

Every young person should learn about how work is just doing stuff for other people in exchange for money and that the more value they can add through their skills and know-how, the more they’ll earn throughout their life. So skills matter too.

Everyone should be taught about the economics of supply and demand and their impact on pricing.

Kids should understand the difference between trading their time with one employer for a wage and the opportunity to serve multiple customers through their own business and their own creativity.

If they have the ability to create products which solve problems for customers, then they have the potential to make a lot of money.

Essentially kids should learn to appreciate the difference between employment and self-employment.

6. The road to financial freedom:

Young people should learn about wealth, pensions and how to achieve financial freedom through putting money aside on a regular basis and investing it wisely.

They should be positively encouraged to work towards achieving financial freedom.

Once they’re financially free they can focus on doing things they enjoy doing rather than things they have to do, because they’ve no other choice.

If nothing else, this makes the goal of achieving financial freedom a worthy aim, in my opinion.

7. The impact 0f inflation, taxation and government borrowing:

Kids should learn about the impact that inflation will have on the value of their money and how this can affect their savings, particularly in old age. They should also be taught about risk and its relationship with reward.

They should learn about taxes and how the money they pay in taxes will be spent, and frequently squandered by the government.

Everyone should know that there’s no such thing as government money, only taxpayer’s money. Our money!

Children and young people should know that it’ll be their hard-earned money that’s being spent by the government.

They should also know that when governments borrow money this is simply a means for spending today and then passing the bill on to future generations. In other words, our children and grandchildren, and indeed their children, will pay the bill for today’s government borrowing. Potentially, future generations could be impoverished by excessive government borrowing today.

Government borrowing is not a free lunch. Someone eventually must bear the interest payments in future years, as well as the repayment of the original capital sum that was borrowed. And don’t forget, governments are borrowing money continually.

8. Holding government to account:

Children should be taught to question how their money is being spent by the government and how to register their disapproval if they’re not happy with what’s being done with that money, in their name.

9. Money matters:

teach children about moneySadly most people have little real understanding of money, which means that they’re easily conned by sharp business practices, particularly in Financial Services, and by politicians driven only by their own self-interest.

Perhaps that’s why schools are not encouraged to teach personal finance as a subject.

Parents should demand that their children are taught about money, in my opinion.

If the education system fails children by not teaching them important life skills then, as parents, we must shoulder at least some of the blame, surely?

And as always, we’ll get what we tolerate.

For me, teaching children and young people about money is an issue for the education system, as much as it is for parents themselves.

Money really does matter and, in my opinion, we fail children and young people if we don’t provide them with the know-how and skills to make the most of it throughout their lives.

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5 secret steps to tackling life and achieving success

06/02/2024 by

If you’re looking for a formula for achieving success, dear reader, then I think you’ll find this blog post useful.

Many desire success but few really achieve it. So it’s useful to study successful people, identify their approaches and use them as role models. If something worked for them then it might just work for you.

In the embedded video, Hollywood legend, movie star, two-term Governor of California and former Mr Universe, Arnold Schwarzenegger shares his five secret steps to tackling life and achieving success.

Essentially these are his five rules to excel at whatever you choose to do.

He has an interesting story to tell and his story proves that no obstacle is too big to overcome and no vision, too big to achieve if you’re determined enough and you’re prepared to work hard.

Change the world:

To summarise Arnold Schwarzenegger’s rules, they are:-

  1. Find your vision and follow it;
  2. Never, ever think small;
  3. Ignore the Naysayers;
  4. Work your ass off; and
  5. Don’t just take, give something back.

However, if you listen to Arnold’s story, his burning desire was to move to the United States and become a big star. This was his reason why.

Initially, he had no idea how to achieve that goal but a little piece of good fortune came his way.

Arnold happened to read an article in a magazine about a man just like him who achieved just what he wanted to achieve. The article explained how the man did it and Arnold used that success template as the basis for pursuing his own goal.

Identify successful people and do what they did:

Once he knew his ‘why?‘, Arnold Schwarzenegger just needed to work out a way to get there. Knowing your ‘why?‘ will always, eventually, lead you to your ‘how?’.

Once Arnold knew his purpose and his passion, he was always going to find a way to achieve success. His determination and his willingness to do whatever was necessary saw to that.

Had he not been lucky enough to identify a role model through a magazine article, something else would have guided him because that’s the nature of life. When you’re searching for something you’ll tune in to all the little clues you need.

Once you know your ‘why?’, you develop a keen sense of that subject and everyone else involved.

Trust yourself:

If you know your why then you’ll have the drive and determination to pursue your goal.

Nothing happens by accident of course. You must make it happen.

So figure out for yourself what it is you really, really want. What would make you happy? What would you regard as a real achievement?

Then find a role model.

Someone who’s done what you want to do. Identify how they did it and copy what they’ve done. If their approach worked for them, it can work for you.

Avoid distractions:

If you want to be successful then don’t allow ‘time sucks’ to throw you off course.

Television and social media are the biggest time wasters of all. So avoid them.

Time is a precious resource and successful people don’t waste it. So if you want to be successful, don’t waste your time either. Put every minute to good use.

Know your ‘Why?’

The key message today, both from this article and the embedded video, is that you must know your ‘why?’.

That’s the starting point for success.

So if you’ve yet to do that then I suggest that’s where you start, if you want to be successful.

And remember this; if not you, who? If not now, when?

Achieving success is possible and people do it all the time. So can you, if you’re determined and prepared to work hard enough to get it.

Good luck.

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How we’re damaged by our school days

05/26/2024 by

Could our school days have damaged us? Is that even possible?

Were they the best days of our lives, as we’re encouraged to believe, or could our school days have been detrimental to our mental well-being and self-esteem?

This is an interesting question. So let’s think about it for a minute.

Certainly, many people will have had mostly good experiences during their school days.

However, there will also be some for whom their school days will have left them mentally scarred and with a sense of failure. That much is philosophically self-evident, surely?

For instance, perhaps at school, people such as those to which I refer never quite achieved the grades their parents or teachers thought they should.

Perhaps they were the last to be picked for a sports team regularly?

In either case, how would such experiences have made them feel?

What impact would they have had on their mental well-being?

Perhaps they felt they were not quite good enough?

Possibly a little bit bruised and embarrassed by their inability to achieve what they believed was expected of them?

Adults may have thought that putting pressure on them would motivate them to do well, yet it probably left them feeling inadequate.

Your birth date matters:

Do you recognise such feelings, dear reader?

The problem with the school experience is that the age range of our classmates is spread over a whole year. And that’s a lot more significant than it first appears.

Someone whose birthday is at the beginning of September will be a year older than someone whose birthday is towards the end of August, despite both being in the same academic year.

Now it might not seem much, but one year at that time in our lives makes a huge difference in terms of our development, both mentally and physically.

So, what does this mean?

It means that if your birthday is at the end of the school year, then you’re at a significant disadvantage relative to some of your much older classmates.

That disadvantage carries with you right through your school years, if you’re affected by it.

And it’s a disadvantage that extends not just to your academic studies but also to sports and physical activity too.

Success breeds positive reinforcement:

Most importantly, it’s not just the fact that you’re behind in terms of your physical and mental development. It’s also a fact that success breeds positive reinforcement.

Older students benefit from the constant reinforcement and encouragement of being told, ‘Well done!‘, while younger students struggle to keep up unless they’re exceptionally gifted.

Even if people are of above-average ability for their age, they can still be at a disadvantage relative to older classmates during their school days, particularly if those older classmates are also of above-average ability.

Inevitably, at school, people are compared to their peers, and statistics show that the older ones tend to do better because of an inherent age advantage. That’s true with sports as well as academic subjects.

If younger students appear to perform less well, frequently, that’s interpreted as them not being quite as good as their older peers.

Advantage goes with age:

And few people, least of all our parents, recognise that the system essentially does not favour younger members of the class. It puts them at a disadvantage.

The obvious question is, how many people have gone through life feeling like a bit of a loser due to their experiences of a school system that tends to work against them simply because of the month in which they were born?

And how many people never fully recover from the inevitable damage done to their confidence and self-esteem during those all-too-important developmental years?

More importantly, our school days not only affect how we feel about ourselves. They also impact how others perceive us to be as well.

A reputation for being a ‘Straight A’ student beats being a bit of an academic ‘also ran’. No one questions whether the former had an inherent advantage over the latter.

How we’re perceived by others matters. Think about it. Their perception of us results in all the negative talk we often hear whenever we express ambition, which can affect our self-esteem.

I’m sure you know what I mean, as no doubt many readers will be familiar with the experience. Something like:-

You: “Oh, I’d like to be a doctor.”

Parent: “Oh, don’t be ridiculous, with your grades?”

And so on.

Our need for encouragement:

People will always give you reasons why you’re not good enough when what you need is encouragement.

With encouragement, you could make it in whatever pursuit that makes you feel truly energised.

If you’re someone who experienced disadvantage for whatever reason then let me tell you something. You’re as good as anyone and you should acknowledge that to yourself, constantly.

Schooldays represent a very small portion of life and they’re significant only in so far as they are only one of many experiences we’ll have in life. Certainly, they don’t define you.

If your schooldays were a good experience then fine. If not, so what?

You can still achieve your ambitions with sufficient hard work and determination.

It doesn’t matter whether others believe you can do it, just as long as you believe you can do it.

There’s no such thing as a failure:

Remember; there’s no such thing as a failure. That label does not belong to people.

Failure is just an unwanted outcome and a learning opportunity. It’s not a person.

You have enormous potential. We all do.

Everyone is capable of achieving much more than they could ever think possible. With determination and hard work, we can all achieve great things.

Attitude matters:

Your attitude is much more important than your aptitude when it comes to achieving your goals in life. Believe you can and you will.

However you feel about your past, it’s not too late to become something more than you are now.

You should embrace failure as nothing more than a learning opportunity. It does not define you, and nor should it.

Recognise that just because you didn’t set the world on fire during your school days, it doesn’t mean you can’t achieve great things now.

No correlation:  

Remember; there’s no correlation between success at school and success in life.

Plenty of ‘Straight A’ students fail to achieve anything significant after they’ve left education behind. Whereas plenty of the less academically successful go on to achieve great things in life.

It’s not about how many times you get knocked down that count but how many times you can get back up and keep going until you get to where you want to be.

Victory is sweeter when it has been achieved following the experience of defeat.

You cannot achieve anything without the experience of at least the occasional failure along the way.

We all start as beginners:

Before anyone achieved success, they started as a complete beginner. And along the road to success, they will have made plenty of mistakes. Anyone who suggests otherwise is either lying or deluded.

If you want to succeed, work hard, make mistakes and learn the lessons as you go.

If you’re determined you’ll find a way to achieve your goals and realise your dreams.

Failure’s not fatal:

Don’t be overwhelmed by any perceived failure. It doesn’t have to be fatal, nor does it imply that you’re not capable of achieving great things.

Never, ever give up until you get to where you want to be. Success can be yours if you want it badly enough. And remember this; it is better to try and fail than never to have tried at all.

Never be afraid to try because there are no failures, only outcomes we didn’t want and lessons to be learned.

Daily Mantra:

Reinforce self-belief by repeating this daily mantra

I’m as good as anyone; I’m better than most; I will achieve success; nothing will stop me!

Go on, get started now. Success is waiting for you.

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This is the key to success in one lesson

05/13/2024 by

Dear reader, would you like to know the key to success? It’s simple.

Success starts with making a decision. You decide what you want to achieve, and then you decide that you’re going to go out and get it.

Once your decision has been made, you pursue your objective with determination and tenacity, and you don’t allow anyone or anything to stop you.

In 1960, US President John Kennedy made a speech in which he said that by the end of that decade, the United States would put a man on the moon. And in 1969, the United States fulfilled the promise made by Kennedy.

Kennedy didn’t know how they would achieve the goal he articulated in 1960.

However, he believed in their ability to do it; he believed they could develop the technology to do it, and he made a decision that they would do it. However, ultimately, in making his promise, there was an element of risk.

Now there’s risk in everything we do, of course, and nothing exceptional will ever be achieved without some degree of risk along the way.

Lesser men and women may allow the fear of risk to stop them. However, men and women destined for great things will feel the fear, and they’ll do it anyway.

Greatness cannot be achieved without paying your dues along the way. That’s a fact.

Be fearless:

Anything worth having comes with a price tag, namely blood, sweat, and tears. So be bold, be strong, and pursue your dream with passion.

Yes, it will be challenging mentally and emotionally. And yes, plenty of people will tell you that it’s not possible or that you’re not quite good enough.

Well, don’t listen to the naysayers and negative Nellies. It matters not what they think, but only what you think. If you believe you can do it, then that’s all that matters.

If you want it, whatever it is, just keep pushing and never, ever give up until you get to where you want to be.

Greatness can be achieved by anyone with sufficient determination. People do succeed, and so can you.

So whatever it is you want to do, just go out there and do the damn thing. Do it now. Believe you can and you will.

If you’re still not convinced, then take a look at this video, which I think is a fantastic motivational speech.

Watch it now and I promise you, you won’t be disappointed. And the bottom line is that you’ve got to be fearless.

Key to Success – Video:

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The secret to happiness that everyone should know

05/11/2024 by

If you’re reading this blog post, dear reader, perhaps you’ve been searching for the secret to happiness. If you have, you’re not alone. Many people search, but few find real happiness.

However, if happiness is what you seek, allow me to enlighten you.

Money’s not the answer:

When you hear news of someone winning big on a lottery, do you ever think that you’d be so much happier if only you could win big too? You’d be happy, if only you had a lot of money, right?

Certainly, having money can make life comfortable. There’s no question about that. And who wouldn’t want to be comfortable?

Having money can allow you to do all sorts of things you couldn’t do otherwise. Live in a nice house; wear the finest clothes; drive a nice car; and travel first class to exotic places.

However, there’s one thing that money cannot do for you. It cannot make you happy. It’s a fact that having a lot of money by itself can never make you happy. There are plenty of very wealthy people who are miserable.

Happiness is a state of mind:

It is also a fact that if you aren’t happy without money, then suddenly gaining a lot of money will not change the way you feel. If anything, its impact on your life will probably make you even less happy.

Happiness is a state of mind. It’s the capacity to appreciate life for what it is and not what you think you’d like it to be. It’s being content with what you have, whatever that is.

Happiness is a positive mental attitude, a willingness to see the good side of every situation, regardless of how bad it might be in reality, a determination to enjoy the moment, and being comfortable in your own skin.

Work towards creating your pot of gold, by all means, dear reader, but in doing so, never lose sight of what matters most.

The period of human life is short, and it goes by in the blink of an eye.

Yesterday has gone, and you may never know tomorrow. The here and now are the only certainties you have.

This moment is your life, so you must find a way to enjoy every moment. Get the most out of them all. For, as we say, where I come from, you’ll be a long time dead.

The secret to happiness:

Enjoy simple, inexpensive pleasures like having a laugh or a coffee with a friend. That’s when you’ll be happiest. That’s how memories are made, too.

Accept that your life will be full of challenges, which is what makes it all interesting.

And recognise that by having to respond to challenges, you are growing as a person. So it makes sense to respond to every challenge with enthusiasm because you can only win, ultimately. Either you’ll succeed, or you’ll learn a lesson.

And remember this too: as your life passes, you won’t remember those expensive shoes you bought or the latest gadget, but you will remember the experiences you had with the people who mattered most to you.

Enjoy life for what it is and don’t fret about what it isn’t. The secret to happiness is contentment.

If you can be happy without money, then having money will be a bonus.

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The importance of change and the opportunities it brings

05/05/2024 by

Today, dear reader, I’d like to explore the importance of change to a business and the opportunities it brings. For the fleet-footed entrepreneur, opportunity is synonymous with change. If that isn’t obvious, trust me, it’s true. And that’s why it’s important to embrace change.

1. Change is inevitable:

As the old saying goes, change is inevitable, except from a vending machine.

We cannot avoid change, quite simply, because it’s going to happen whether we like it or not. Trying to stop it is like trying to hold back the tide. It cannot be done. Change is simply a force of nature.

However, if you hate change, don’t worry because you’re not alone. Most people hate change.

Just when we think we have everything under control, a significant change happens and suddenly we’re scrambling to get ourselves back to equilibrium. It makes life seem like a giant game of Snakes and Ladders, doesn’t it?

2. Fear of change is natural:

Actually feeling uncomfortable when faced with change is both rational and natural because one of the most basic human needs is the need to feel secure. Change is an uncomfortable experience because it makes us feel insecure.

However, we must control any fear we have about it and we must have the courage to do whatever is necessary to ensure that we respond appropriately as the winds of change start blowing around us.

3. Businesses can be fragile:

Change can affect a business in many ways, given that plenty of things can change for a business over time.

For instance, consumers’ needs, wants, and expectations will change over time, as will technology; markets, competition, and regulations. And of course, let’s not forget taxation. Governments are constantly tinkering with taxation, as their need for money increases.

Therefore, business owners and executives must be on their guard constantly, anticipating change and how it might affect their business.

Whether you’re an owner, an executive or just an employee, if you’re involved with a business then you cannot afford to become too complacent.

Ignore change and it’ll kill your business quicker than you might imagine. It can kill your career, too. Businesses can be fragile if they’re exposed suddenly to the harsh reality of change.

4. Change on an industrial scale:

It’s easy to think that major corporations that dominate whole industries are immune from the impact that change can bring. Unfortunately, this isn’t so.

Consider, for instance, the computer industry.

IBM was once the behemoth of that industry. The very name was synonymous with everything that was best in the information technology (IT) sector, globally. So glowing was their reputation that there was an old saying universally accepted in business, “No one ever got fired for buying IBM.“

They were Big Blue, second to no one.

However, their size and reputation didn’t stop them from almost paying a heavy price for failing to anticipate changing IT trends.

For years, IBM favoured large centralised computer installations that filled whole buildings. And IBM didn’t see any reason to do anything differently, as they were in the business of supplying these and making good money from them.

Neither did they believe that many people would actually need computers. As recently as 1943 Thomas Watson, then Chairman of IBM said, “I think there’s a world market for maybe five computers.”

However, IBM’s lack of foresight didn’t end there.

Having introduced what we now call the PC to the market in 1982, they didn’t believe it had any real future. Apparently, their original forecast for global sales for the PC was just 25,000 units, worldwide.

IBM didn’t want PCs to sell because they saw centralised corporate computer systems as where the real money was. Their failure to see the potential of the PC allowed Microsoft to move in and become a dominant player at IBM’s expense.

Failure to recognize changing trends and how they would affect the demand for computers and the way computers were going to be used had almost catastrophic consequences for IBM.

To be fair, they did manage to adapt eventually, but not before their business came dangerously close to collapse. And to this day, they do not dominate their industry in the way they once did.

5. Heavyweights no more:

Another good example of a dominant industry player failing to recognise the winds of change was Digital Equipment Corporation (DEC).

If you’re not familiar with that name, dear reader, they were the leading supplier of what was then known as the mini-computer back in the late 1970s.

However, it seems DEC allowed its dominant industry position to cloud its judgment because back in 1977, Ken Olson, then President, Chairman, and founder of DEC observed, “There is no reason for any individual to have a computer in his home.”

Where is DEC now?

They’re nothing more than a footnote in the history of digital technology. Few people, other than old computer industry hands, will even remember the name.

And yet the demand for computer technology products is greater than it has ever been. Every household has several of them in the form of desktops, laptops, and, in particular, tablets and smartphones.

Today, the computer industry is dominated by companies like Microsoft, Apple, and Google. None of these companies even existed when Ken Olson made his unfortunate comment in 1977.

Another good example is Kodak, once the dominant player in the photographic products industry. As recently as 1976, Kodak commanded 90% of film sales and 85% of camera sales in the United States. Where are they now? Certainly, nothing like the company they once were, that’s for sure.

6. Change brings opportunity:

Set aside the fear of change, and you’ll see that it’s not necessarily a bad thing, because it generates opportunities for the fleet-footed. So there’s a positive dimension to change as well.

If it’s embraced, then opportunities are always there for the taking.

Just think about it for a second. If change didn’t happen, we’d all still be living in caves and riding around on donkeys.

Most companies, particularly large corporations, are usually far too slow in responding to change. However, that offers plenty of scope for smaller, faster, and more flexible businesses to move in and relieve the big boys of their lunch.

So change is a positive dynamic.

7. See change positively:

Let’s face it if everything always remained the same, then most of the things we enjoy and take for granted today wouldn’t exist.

In developed countries, we enjoy a standard of living that would have been beyond the imagination of people even a century ago. Think about that statement for a second; everything we now take for granted today once didn’t exist.

The point is that we ignore change at our peril, particularly in business.

So it’s better to embrace change positively than to ignore it.

Yes, of course, it feels uncomfortable, but we all get used to changes in the fullness of time.

If change is going to happen anyway, then we might as well see what’s in it for us, surely?

If we’re in business, or indeed, as people, we should always be constantly thinking about how we can exploit change to our advantage. How can we seize the opportunities that will come along as a natural consequence of change?

To exploit change, we need to become trend-watchers. And not just single trends.

We need to be watching every trend that might have an impact on ourselves and our businesses.

We must consider how those trends might come together to create a perfect storm, the winds of which might do us harm or become the wind beneath our wings.

Whether the consequences are good or bad, we must always be ready for them.

9. Conclusion:

Successful people are adept at exploiting opportunities brought about by change.

Change is synonymous with opportunity, it’s that simple.

Never fear change, you must embrace it.

If success is your aim, then change can be your friend.

However, never underestimate the harm change can do, should you become too complacent.

Change can be a force for good, but equally, it can be a dangerous force for the unwary.

When you think of change, think positively, but think defensively too.

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Life is short: Here’s what’s important to you today

04/27/2024 by

Life is short:

You’ll often hear people talk about the importance of money in terms of living life in the modern age.

Let’s be honest, it’s difficult to live without money today, is it not? Certainly, it’s up there with oxygen and water for sustaining life.

Nevertheless, we must also remember that life is short. And sadly for some people, it’s very short indeed.

So, while money’s important, it’s not an ideal means for measuring success, is it? Not real success in life anyway.

Misplaced priorities:

In the modern age, it’s easy to become obsessed with money.

However, the accumulation of money for its own sake should never be the underlying motive that drives us, surely? That can only lead to a life of misplaced priorities, I think.

If your approach to life includes an obsession with money, then you’ll be doomed to disappointment, and I think you’ll realise that eventually.

One day you’ll look back and wish you’d spent a bit more time with family, friends, and loved ones, of that I’m quite sure.

So what would be an ideal measure of success?

A measure of success:

For me, a better measure of success is whether we’re feeling fulfilled by what we’re doing.

If our work is something we’d do as a hobby if we couldn’t get paid for it then that’s a better way of gauging success. As the legendary investor, Warren Buffett once said, “Look for a job that you’d take if you didn’t need a job.”

A sense of purpose and work that is fulfilling and truly absorbing is a much less stressful way of living.

Enjoy what you do:

Enjoy what you do and do what you enjoy, if you possibly can.

If you enjoy what you do, you’ll do it well, and the money will follow anyway. If you do your work exceptionally well, then people will notice. And once you get noticed, you’re on your way to genuine success.

Never be driven by money alone.

Never accept a job simply because it’s well paid.

It’s nice to have a good salary, of course.

However, once you get used to the money, you still have to spend a third of your life doing the work for which you’re being paid well.

And doing work you don’t enjoy is a significant price to pay in terms of your emotions, stress levels, and the potential impact it will have on your health.

Time is precious:

If life’s short, then our time is very precious, surely?

What’s the point of working every hour you’ve got just to become rich, only to die suddenly of a heart attack having had no time to enjoy the fruits of your labour?

What a waste that would be. Being the richest man or woman in the graveyard is hardly a title worth having, is it?

So my underlying message to you today, dear reader, is to find work you enjoy doing and to make sure you leave a little time to enjoy life too. A little ‘me time‘ is essential for everyone.

No one’s life is perfect:

Don’t forget that everyone faces challenges, occasionally. No one’s life is perfect. We all have problems.

Inevitably, your life will have its ups and downs. However, make sure there are more ups than downs in your life, as far as you are able.

Take some time to smell the roses and have a laugh.

As the old Music Hall song used to say; “enjoy yourself, it’s later than you think.”

You wouldn’t want to live forever, but you should be living your life to the fullest today.

Life really is short and it’s definitely later than you think. And as we say where I come from, “you’ll be a long time dead.”

So go on, live life and live it now. And if you’ve yet to find work you enjoy doing, keep looking.

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Why enjoying yourself can never be a waste of time

04/26/2024 by

Time you enjoyed wasting, was not wasted. ~John Lennon

Regular readers of this blog will know that I am a great believer in making the most of your time.

In particular, a constant message from me is that you should not waste your time. However, as with everything, it is important to strike a balance, of course.

As the late John Lennon reminds us in his observation above, truly enjoying yourself can never be a waste of time.

Enjoying yourself and having fun have positive benefits for your physical and mental health.

For a start, it reduces stress.

Also, what would be the point of life if you couldn’t have a little fun occasionally? All work and no play will make you a very dull person indeed.

Remember the words in that old Music Hall song, “Enjoy yourself, it’s later than you think. Enjoy yourself while you’re still in the pink.”

For any reader not familiar with the expression ‘in the pink‘, it’s British slang for being in a good state of health.

You can’t be serious all the time, dear reader.

Sometimes you’ve just got to have some fun.

So go on, and start having some fun right now. You know you want to.

Enjoying-Yourself
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Success and why you should never quit

04/24/2024 by

It’s always too early to quit. ~Norman Vincent Peale

Today I want you to consider success and why you should never quit, dear reader.

Achieving any form of success requires determination and a lot of hard work. Anything you want can be yours if you want it badly enough, but nothing’s for free.

The price you’ll pay is in blood, sweat and tears. Long days, late nights and a laser-sharp focus on your goals.

The road to success will also inevitably involve occasional setbacks. That’s the nature of the game we call success. And it is a game where the best players become the winners.

So you’ll need to be single-minded and you’ll need to push yourself very hard. It’s not easy and nor is it meant to be.

From time to time self-doubt will creep into your mind. You’ll start to imagine that maybe you’re not quite good enough. Siren voices in your head will start telling you that it’s all too difficult and that maybe it’s time to quit.

You may even start asking yourself, “Why am I putting myself through all the hard work when I could just spend my life cruising along and having fun?“

The problem is, no pain, no gain. And if you quit, you’ll spend your life wondering what might have been.

So just keep your eye on the prize. Nothing worth having was ever easy to achieve. However, it can be done and people do.

You can do it too. All you need is a little self-belief and a genuine desire to make your mark on life.

Just ignore any setbacks; ignore any siren voices in your head, and refuse to give up until you get to where you want to be.

Remember this; quitters never win and winners never quit. Greatness lies within you. So go on, be a winner.

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So please share it now. If you do I’ll be ever so grateful and you’ll be helping a keen blogger reach a wider audience.

Thank you.

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