Posts

Personal Finance: Living & Preparing For When You Will Become Inconsistent

32 comments·0 reblogs
josediccus
83
·
0 views
·
3 min read

A person's level of consistency can also be determined by their exposure and experience rather than their zeal for hard work or smart work.


20220825_075144_0000.png


While the zeal for work, plus experience and exposure are needed ingredients to stay creative for a long time, we also should understand that while "time" can be essential to helping us sharpen our skills, and help us become better at our trade especially when we've put in the efforts, it can also be a double-edged sword in the sense that it also takes away that youthful vigor that we need, the energy to go all the way in turning set goals into accomplishments.


Hitting Diminishing Returns

This means that we can hit diminishing returns when we've gathered just enough experience to "right our wrongs", retrace our steps from those bad investments or become better business people.

This is one of the reasons why "time" plays a role in the success or failure of a person. People become abject failures when they cannot build on their previous failures to become better people.

For example, a person at 29 who won a lottery of $5 million and blew it on women and drinking, can still become a better business person especially if they can build on the mistakes of their yesteryears to act differently when a different opportunity presents itself.


Being Blindsided Despite Efforts At Redemption

Nevertheless, such a person can still repeat the sake at 35, at when they're finally refined at 48 and ready to do better, time can make it difficult for them to replicate the energy they had when they were 35, meaning that they've gotten the experience, but the strength to become accomplishers isn't just there anymore.

We might call these people failures because they finally didn't cut it even after they did come back better and refined. Now a lot of people misinterpret the meaning of failure. People only think that failure is a result of a lack of preparation.

But this isn't true, sometimes people fail because of being blindsided, being slightly wrong in their adjudication of choices. making wrong decisions when it comes to making the final choices.


Why Does Failure Matter The Most?

However, we mostly fail to applaud people for all the good decisions they've made because they failed to get the one that mattered the most. This means that in life we live for "results" and not "process". This isn't because the former is not necessarily important it's because the "latter" is what creates the bigger impact.

Sometimes we only begin to see clearly when we have failed because naturally, everyone who is a decision maker is blindsided to an extent.

We cannot predict when we'd get employed, how much we'd potentially earn, the cost of living whenever these things happen, their effect on our finances, and whether we'd still be able to accomplish the initial plans we've put in place. Most of the time we prepare for situations like this by having things like insurance, but how about insuring ourselves against the things we cannot fathom?


Taking Advantage Of Your Youthful Productivity

As time goes on, life becomes more uncertain, this is because change brings unexpected events. This is while time itself is a double-edged sword, it makes things happen in our favor but further creates uncertainty as it goes, leaving us blindsided in our uttermost chase to crown our efforts with the needed results that come with it.

For example, we can never be consistent forever, even if we're getting better at what we do. For example, a person might be able to comfortably do four jobs per day. Over time they get better at doing it, but it'll be hard to maintain that consistency because of factors beyond their control, for example, death, health issues, or familial commitments.

This is why we shouldn't count on our consistency to work forever, living to prepare for when we might become inconsistent is an important aspect of personal finance that is important.




Interested in some more of my works?


The Intrinsic Propensity To Spend Money
Poverty: The Unwillingness To Spend?
A Scenic Bathroom Photoshoot
The Importance Of Having A Contingency Money Plan
Translational Value; What Is Your Worth?
Using Crypto As A Means Of Transferring Will

png_20220427_140059_0000.png

Posted Using LeoFinance Beta