The Power of the Upside!
has plenty of stuff, and they ask themselves, “Why am I thinking about buying this service or thing? I don’t need it.” Since I used to have “dealitus,” where I could not pass up a deal and would buy a property or business without a second thought, I have used the “What is my upside?” question whenever I am faced with a potential opportunity to buy more stuff. The question I ask myself is, “Am I buying this opportunity or stuff for the thrill of doing a deal, or do I really need this opportunity or stuff? And if so, what is my upside if I go forward with this purchase?” What I found out is that by asking myself this simple question, I have been able to increase my productivity, improve my financial situation, and reduce potential grief in my life by not buying whatever I was thinking about purchasing. The next time you are faced with an opportunity or a thing you don’t think you can live without, take the time to have a talk with yourself and ask yourself the question: “What is the upside for me if I go forward with this opportunity or purchase?” Because we all know it is easier to buy than it is to sell. Once you take everything into consideration, I think you will be pleasantly surprised how much asking yourself the “What is the upside?” question will make a difference in your productivity, financial situation, and overall happiness going forward. And you won’t have to get more space for the stuff you were thinking about buying!
The mindset of most Americans is that of a buyer. We love to buy stuff. It really doesn’t matter what it is. We just like to buy stuff, and if you are like me, you are guilty of this concept, too. I know I am a great buyer but a terrible seller. In America, we are known to keep buying more stuff if we have room for our stuff. This is one of the reasons mini storage buildings were invented, so we can have more room for our stuff. This concept is most prevalent where I live in Florida. People are always moving to Florida from up north and think they need to bring a
lot of their stuff with them. Then, when they get to Florida, they realize they don’t have enough room for everything, so they end up renting a mini storage space, which we call the “Black Hole,” as in outer space, where things go in but never come back out. Research has been done on the reason why Americans love to buy stuff, and it appears to date back to when we were children. When we were children growing up and in our formative years, it was our parents’ job to teach us good habits and how to behave and get along with people. How they did this most of the time
was to reward us with an allowance or give us money to buy candy or things. Subliminally, we ended up relating the happy feeling we got from buying things, or stuff, and carried this practice with us as we grew older. Saving money was not considered a fun thing, but buying stuff was fun. How does the idea of being an avid buyer play into the power of upside? There comes a point where a person
–Terry Monroe
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Morgan Stanley warns that over 200,000 banking jobs are at risk by 2030 as artificial intelligence reshapes their operations.
We all know that everything in life is about timing. You can do everything right and have the best laid plans, but if the timing is not right, you are doomed. However, there are other times when you are just lucky, and your timing is good, and things turn out great. From what I see for the future of the job market, I can’t find where you will have good timing unless you pivot and focus on the trade industry or maybe the service industry, like a convenience store. Again, scary stuff for someone coming into this world wanting to find a good job to support themselves and a family. If anybody knows where the good jobs are, I am all ears. Send them over, and I will share them with the rest of the world because I am running out of ideas. –Terry Monroe
I have grandkids who are in grade school, high school, college, and some who have graduated from college and are starting to look for a job. Who is going to hire them, and if they do get hired, who is to say the job they find will be around in five years because someone in the organization decides artificial intelligence is a better way to do things? I recently read a book titled “The Preparation: How To Become Competent, Confident, and Dangerous” written by Doug Casey, a noted financial bestselling author and graduate of Georgetown University who cites that a college education is not worth the money they charge and how you should prepare oneself for the future ahead of us and the upcoming job market by learning useable life skills rather than an education that will not be applicable in the job market.
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