Archive for work
The Budget – The Ultimate Financial Management Tool
Posted by: | CommentsRocket Scientists would never begin construction on a new booster rocket without a detailed set of design specifications. Yet most of us go blindly out into the world without an inkling of an idea about finances and without any plan at all.
Not very smart of us, is it?
A money plan is called a budget and it is crucial to get us to our desired financial goals.
Without a plan we will drift without direction and end up marooned on a distant financial reef.
If you have a spouse or a significant other, you should make this budget together. Sit down and figure out what your joint financial goals are…long term and short term.
The Economic Crash – Time For Reflection and Action
Posted by: | CommentsProtect your investments!
This is the headline from this month’s Money magazine. In fact the whole magazine is focused on how to keep your retirement intact for future years. For me this is like saying, prepare for your death! The opposite action is mandatory now, especially for those in their middle years. This is the time to invest in yourself and your work.
External views are not useful now
It is critical to reject the external perspective on how you should live your life with regards to your work. The only view now which is useful is the one you have about yourself and what you really want to do now. Just changing your perspective can give you new direction and energy for a more fulfilling life. It is easy to just take any job to survive and quickly become bored and burned out at work. Better to decide to look inside yourself and what is most important now. Start to examine what bothers you most with regards to your work and life and what you might do about it. As you became clear about what was most important, you will gain a new perspective.
The worst won’t happen
I doubt taking time now to reflect will make you homeless or die. I should point out that a worthwhile exercise is to in fact envision your death. Only then can a person really start to live with passion each and every day. Last year I was nearly diagnosed with Cancer during a period of my life when I was very ill. I imagined the worst and during this time I also become at peace with my life and my work.
Knowledge For a New Economic World
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Globalization has created new markets and spawned new operating models for work forces, creating huge challenges for businesses that must remain productive, efficient and competitive to survive.
The source of value for businesses has changed. In the Industrial Age a company used to have most of its market value based on tangible assets like machinery and facilities. In the Information Age, value has shifted dramatically to intangibles like the knowledge of production, service, and delivery methods, market knowledge, relationships with customers and suppliers.
The world is changing at a bewildering pace. Everywhere new markets are opening up, new work forces are emerging, and new ways of working are challenging our thinking. We are in a new stage of globalization where knowledge and brainpower are becoming the predominant currency.
