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Tuesday, November 8, 2011

CYCLES

For the sake of life efficiency, it's best that you sync your needs through the day with what you want to get done in your life.

Pick your high-energy time of the day to do high-energy things, pick low energy time of the day to do the low-energy stuff....

That sounds too simplistic, yet simple things can be the easiest to do.

In most people's day, there are times that you have time to think, perhaps you have low energy. Tired from a long-hard day. Instead of watching TV, some reality show, think of your own reality. Meditate, do anything that moves you along to your ultimate goal. Whatever that may be.

When I have time alone, I do what I joke about: Extreme Relaxation! The words are not really compatible, but they do describe what I do. Never am I just lulling about. I will meditate, I will strategically plan. Quietly, low energy-wise.

Even with four boys, there is some time to think. Some days the only time to relax is once in bed.

Not every day can a utopia of personal planning....

Cheers,

Peter Connor

Tuesday, November 1, 2011

Look out below

Today I will add another part of my philosophy of success to my blog.

I have noticed that a lot of time and energy has been given to succeeding by thinking big or doing more and doing it better etc.

What I haven't noticed is people thinking of some bad scenarios, that if happened, would stop them in their path. Yet, depending on the bad event, these events wouldn't necessarily have to stop them.

Think of it as a form of risk mitigation.  Come up with "what if" scenarios and assess the probability of the scenario playing out. Think of what this will do to your plans and put something in place to  lower risk or impact.

I do have one example of this. Recently I have been made aware of the chance that interest rates will go up in the next number of years.  We have a lot of debt: so called good debt as it is tied up in two mortgages and my wife's education.  If interest rates go up dramatically, then my plan for early retirement and to go south for the winter is finished.

My plan is to hold on to gold stocks and bullion and pay off a good portion of debt when interest rates start going up. I also, will lock my mortgages into a fixed rate at some point in future. While reasearching this out, i decided not to lock in now because the collapse of bond market (like what is happening to Greece right now won't  happen for at least five years,(I my opinion).

So, when you are dreaming big, look out below because there are some nasty things that can be preventable or reduced so as to not stop you from what you want to do

Cheers,

Pete