This is the first time that I’ve ever posted an article from someone else, but this particular article struck me. Maybe it’s because I still consider myself a fairly new father with a 19-month old and an “almost” 3-year old at home. Simply enough, I thought this was worth sharing. In fact I believe anything that helps to keep “life” in perspective should be worth sharing, especially for those of us who recognize how important a balanced life is but struggle to actually create that balance. This article was written by a man whom I greatly admire and have learned a tremendous amount from since being introduced to his work years ago … that man, is Jim Rohn.
In my years teaching people to be successful, I have seen that people break their lives down into two major parts: wealth-building and the rest of their lives. Having done a lot of reflection on these two topics—wealth and life—I’ve come to some new conclusions about how to perceive the two.
I used to think that there was a significant difference in how we should tackle the two areas. In fact, I thought the two topics should be addressed in almost opposite fashion.
You see, wealth-building is just math. Whereas life—life is art.
Think back with me to high school. Most of us were required to take math and most of us probably took art as well. Now, think about your final exams in the two areas. Your math paper was graded on hard facts: 10×10 is always 100, 7+7 is always 14, 50-25 is always 25; and so on and so forth).
There is always just one answer in math. The answers are hard facts, set in stone. Math is a science. It is formulaic. You can know the outcome before it happens—every time.
But what about your final art project? Art is much more subjective. “Beauty,” they say, “is in the eye of the beholder.” There is no one right answer.
Think of the different styles of the famous artists: Renoir, Monet, Picasso, Rockwell, Warhol. Different people find different styles beautiful, and that is what makes art, art.
So how does this fit with wealth-building and life? Wealth-building is like math: If you add $1,000 to your retirement account each month and gain 7 percent interest over 20 years, you can know now how much you will have then. It is math. If you buy a rental property for $200,000 now and it increases in value by 3 percent a year, you know exactly how much you will be able to sell it for in 10 years. The beauty of math is in the knowing. You can work the system, set it on autopilot and the math does the work for you. You know the outcome.
But life—life is art. And that is the beauty of it. You don’t know how it’s going to turn out. Life, like art, is always changing. Different people provide different colors. When you make a mistake, you can go back, erase it or even paint right over it. You can change the scenery. Life, like art, is ever evolving. What looks good to one person is of no interest to another. That’s what makes life beautiful.
So let me ask you: Are you spending more time on your math or your art? Do your math. Everybody should do their very best at their wealth-building plan so they can take care of themselves and their families.
But life is about the art. What does your canvas look like? What kind of picture are you painting? What kind of pot are you creating? What kind of statue are you sculpting? Take your time, make bold strokes, use brilliant colors, and make your life the most beautiful masterpiece you can.
Do your math so you can focus on your art.
See original post at: http://www.success.com/article/rohn-how-to-live-a-beautiful-life?
The Federal Open Market Committee (FOMC) increased the target rate by 75 basis points (bp) to a 3.25% upper bound and delivered a more pessimistic outlook in their published Summary of Economic Projections.
You may have seen this statistic before or one resembling it: the average 65-year-old retiring couple can now expect to pay more than $250,000 in healthcare costs during the rest of their lives. In fact, Fidelity Investments now projects this cost at $285,000. The effort to prepare for these potential expenses is changing the … Continue reading “Healthcare Costs are Cutting into Retirement Preparations”
Investors are routinely warned about allowing emotion to influence their decisions. However, they are less routinely cautioned about their preconceptions and biases that may color their financial choices. In a battle between the facts & biases, our biases may win. If we acknowledge this tendency, we may be able to avoid some unexamined choices when … Continue reading “Do Our Emotion or Biases Affect Our Financial Choice”
At one point or another, you may realize capital gains, which is a taxable event. What can you do about them? You can do what some investors do – you could recognize investments with a loss and practice “tax-loss harvesting.”
Everyone loves a winner. If an investment is successful, most people naturally want to stick with it. But is that the best approach? It may sound counterintuitive, but it may be possible to have too much of a good thing. Over time, the performance of different investments can shift a portfolio’s intent as well as … Continue reading “Rebalancing Your Portfolio”
Epic Capital provides the following comprehensive financial planning and investment management services: Learn More >