Living abundantly

Abundance, compounding, dreams, Financial Independence, Human Brain, mindset

I keep talking about getting financial freedom or financial independence and how you utilise the magic of compounding to help you get financially free. However compounding is a very very long term game.

While you should be investing, it does not mean that you stop living your life Today. It does not mean scrimping through life. I was telling one of my relatives today, on this same philosphy, that you should learn to live abundantly . What is the point of having money which you save all through your life, but you yourself never enjoy it.

If you’re scrimping to save everything, so that you have something in the future that you will enjoy, then by the time you reach the age when you think you can enjoy, you will be too old to enjoy.

That’s why I mention, that you need to save also for your dreams and tick of the things on your bucket list while you are saving money. I have a huge bucket list of my own, which keeps growing. So while there’s some amount you are investing for the long term, you also need to have a fund to achieve various dreams that you have. And when you hit that target you need to actually go out and do that activity to achieve your dream.

At the moment because of the Covid restrictions, we cannot travel out of India, I am right now active every weekend exploring different countries on YouTube and listing out what I will do when restrictions get removed. Not sure in what shape and form travel will be allowed but I am still putting things on my bucket list.

Now your dreams could be making a boat, or weaving a carpet or going on a hike, take your time to do these activities. Because when you achieve your dreams, it helps improve the performance of your brain. If the brain performs better you actually achieve more and you get more abundance overall. You trick your brain by living abundantly and therefore get more abundance. Its a mindset issue. I am not taking about taking loans and living out of your means. However I am definitely asking you to invest money for your short term dreams, mid-term aspirations and long term goals, instead of only long term goals.

Till next time then.

Carpe Diem!!!

Reframing the assets that we have

Abundance, assets, constraints, creativity, Leverage, possibility thinking, problem solving, Uncategorized

Inspite of the fact that I write about marketing,  product management,  finance etc. The fact is that I am also learning every day.  While I  have some theories like “Riding the Elephant ” , I am actually a Work in Process.

So when I  come across something which I  have used earlier and I read a book in which a similar  idea is written,  then it becomes a validation of my ideas.

In marketing you will constantly come across constraints.  Actually in life itself,  you will constantly come across constraints.  But in case of marketing,  I have noticed that Murphy’s law decides to become applicable at the most inappropriate times.

At those times you have to be as resourceful as possible.  One of the ways of becoming resourceful is to first identify all the assets at your disposal.

Next see how the same asset can be utilized in a different way.

Third “who” could benefit from the reframed asset and last

How could you benefit from the assets that person  or organization has and then go about showcasing them, about how it could be of mutual benefit to both the concerned parties.

One thing which I  have used very effectively is the spare technical manpower in our company.  I have actually gone and spoken to partners to check if they’re facing technical problems in going to the market. 

We have been able to work with partners because of just this one asset that we have and they can’t afford.  Due to that they take us to the market,  we help them sell and give us all the services.

Sometimes it could be the internal setup or processes or messaging that you have built,  which could be repurchased for the other side, in return for something that they have.

In marketing you always need to keep looking with an abundant mindset of how you could reframe the assets you have to get what you want.

Till next time then.

Carpe Diem!!!

Fixed mindset – can’t welcome constraints

constraints, ego, Fear, possibility thinking, problem solving

Yesterday I had written about how I have changed over the years, growing old has also got me to become more open to different thinking patterns, to stop fearing problems and constraints and to rather welcome them.

Sometimes I do get blocked by my own fixed mindset or by others in the team who are not willing to take a different route to solve a challenge. This happens because the existing method had helped solve similar challenges till now. So we try harder to use the same method with the same failure. But because the path has got so strongly ingrained in our mind, we don’t like to change.

At one point in time, calling out or sending physical letters was the best method to get connected to B2B prospects, then came email, then social media. Today with a plethora of methods available you sometimes have to use all of them.But if we were to only stick to calling – and I am guilty of this – then our connections will fall.

So while using various tools like the ones which are shown in ” A Beautiful Constraint” help open the mind to look at possibilities, if you are not willing to work on the results that the tools throw up, you will still be where you started from.

I think our ability to have a growth mindset, possibility thinking and an outward looking nature are all intertwined, as are, a fixed mindset, inward looking and pondering over problems for too long. The later could be because of a fragile ego or a fear that someone else thought of a solution rather than us.

We live in interesting times right now, there are lots of challenges and therefore a lot of opportunities. Its all about what you want to spend you time with.

Till next time then.

Carpe Diem!!!

Welcoming constraints

constraints, creativity, Fear, Human Brain, possibility thinking, problem solving, Uncategorized

I have written multiple times before how I used to be scared when problems came my way.

One of the first people to influence me against being scared was the writing of Jay Abraham. One of the things that has stuck in my mind is one statement – the bigger the problems you solve, the more you can earn.

Over the years, as I have matured the ability to handle challenges has also changed but still there are times when constraints baffle me.

Realizing that its the rain which tries to create all our challenges has helped me in managing the thought process around handling constraints.

A book that I found useful with a good set of tools for welcoming constraints is A Beautiful Constraint by Adam Morgan and Mark Barden.

While a lot of people will talk about looking at the positive side of things and about, thinking out of the box etc. This book gives practical tools which if you use make your brain actually look for options and find solutions.

The more I read about the challenges that we face, the more I realize its our brain which creates mountains out of mole hills.

Till next time then.

Carpe Diem!!!