Debt versus Liability- Part 2 – Happiness

Happiness, Liabilities, travel

In my post yesterday I wrote about how the book Killing Sacred Cows…. by Garrett Gunderson had got me thinking about how I can borrow money for productive use. The issue is that anything can be constituted as productive use

I have been thinking about this as to what could be easily classified as productive usage. So any borrowing for creating an asset that appreciates should be okay. Any borrowing which creates an appreciating asset and also does cash generation should be even better.

If the asset is depreciating but you generate cash many times over then also borrowing should be okay as long as the liabilities you are creating are less than the assets needed to service the liabilities.

Now happiness does not have a direct relationship with creating assets.

But if you are to look at yourself as the million dollar person who creates assets because of your ideas, then a happy million dollar person should be able to create even better assets. So creating liabilities to ensure that you get happy – like going on a cruise to Alaska – which can rejuvenate you and make you even more productive for a long period of time should be worth it.

As Dan Sullivan of Strategic Coach says, you need to put in free time into your calendar well in advance, ever so often , so that you’re operating at your best.

On the other hand a depreciating asset like a designer watch which aids your ego and is purchased by taking high cost credit card borrowing is not ok. This may give you momentary happiness , but soon you will be eyeing the next possession.

For me , I also get happy when I am surrounded by people who are thinking bigger ideas, different ideas or are just plain better than me in marketing or strategy.

Till now I used to wonder how I would finance these meetings and master – minds. This idea of debt versus liability, gives me an ability to do that. Once I am happy and my mind has also been expanded then I can be an even better and more productive asset.

I would think this can open up a whole new way to leverage growth,

Would love to hear your views if you think this makes sense.

Till next time then.

Carpe Diem!!!

Travelling the world – during Covid times


If you have been following my blog for sometime, you would have noticed that I keep talking about my bucket list.

This bucket list is primarily about travelling to different destinations and taking up different kind of adventures. I have wanted to visit New Zealand and Australia, do snorkeling of the coast in Australia , visit the dragon island in Indonesia, stay in the ice hotel in Iceland, watch the Northern Lights as well as the Southern Lights and a lot more.

Now since the Covid started in India in March of last year in India we have been more or less locked in our houses or at a maximum visited a few local places nearby.

With the second wave of the Covid the situation has become even more depressing out here and I was talking to my brother about it.

He knows my interest in travelling so he suggested a few videos on YouTube which take you to different parts of the world literarily. Since yesterday therefore we have been watching Jane MacDonald’s cruise trips. These are videos are so well made, that they relieved some of the places I had visited in the US and Canada and also showed us some places which we had not been.

Today we were watching the cruise trip to Australia and New Zealand. She took us to quite a few places on my bucket list and also added a few more.

I don’t know when we will have the ability to actually go out and explore the world again and meet new people and do new adventures. Till then, instead of a physical travel list , I now have a bucket list of YouTube journeys that I have to undertake .

If you have other suggestions for visiting different places around the world do share in the comments section below.

Carpe Diem!!!