Tag Archive: trade offs

4 Secrets to Having All You Really Want

happiness Today we want to talk about the choices we make and the sacrifices that go along with them. Some people say that’s an outdated concept – choices and sacrifices. We disagree. As long as a person only has 24 hours in a day, trade-offs will continue to exist.

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We have a friend who was talking about the choice she and her husband made to have kids. She said that she really wanted to stay home with them when they were young. So she suspended her career which meant that less money for her family.

You can’t have it all, but you can have all you really want.

It starts with a realistic assessment. To continue with the choice about having kids, you may choose to have kids and continue working. But there are still trade-offs – not as much time with your spouse, money spent on child-care, and less sleep to name a few.

When faced with an important decision, ask yourself these two questions:

  • To get what you want, what will you have to give up?
  • Are you willing to do that?

These two questions help you weigh the relative importance of your options. They will also help you later – when the reality of what you sacrificed comes to fruition – you can remind yourself that you are doing what you want.

It doesn’t have to be “all or nothing” all of the time.

It’s important to not under-estimate the sacrifices that will be necessary to make something happen. However, it’s also crucial to not over-estimate them. We have a tendency to look at things in an “all or nothing” manner.

Even major decisions, like having kids, often have phases. Our friend went back to work after her kids went to school. Then she and her family were able to live more comfortably.

Since then, she has continued working at her primary career, as has her husband, although they really want to own their own business. However, they’re postponing that until their youngest finishes college. They feel more comfortable with the security of two regular paychecks.

So to have all you really want, the key is to know what you really want.

That sounds so simple, but it isn’t with all the options we have presented to us. We came up with 4 secrets to finding what you really want:

Secret 1: Avoid the “grass is greener” syndrome.

If you’re not happy with your current situation, don’t just jump at something new. Make sure it’s really important to you and your long-term future. If you don’t do this, you may end up just as unhappy with a whole new commitment.

Secret 2: Make sure it’s really is your choice.
Sometimes we do things for the wrong reasons. It’s your time – you should choose how you spend it. Someone else may think it’s the best thing for you. Another person may want something for you that you don’t want for yourself. Choose to make your choices for your reasons.

Secret 3: Test it in advance if you can.

If there’s a way to “dip your toes in the water,” by all means do it! For example, if you’re considering a career change, you might do similar work on a volunteer basis for your favorite charity. Or see if you can “shadow” someone as they do that job you think you want.

If your career change requires going back to school, start off with one class to see if you really do like it. Back to our original example – having kids – offer to babysit for a weekend for a friend or a relative. If you’re still as excited at the end of the weekend as you were at the beginning, you might be ready!

Secret 4: Once you’ve decided, focus on what can be, not what might have been.

Once you’ve made your decision, put all your energy into making it work for you. Don’t keep thinking about what you gave up. That’s a recipe for being miserable. Instead, focus on what you have now by choosing this path.

You can’t have it all, but you can have all you really want. Decide what that is and go for it!

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You made a choice to read our post today and we thank you so much. Join us next time when we talk with a college graduate whose search for the American dream led him to a homeless shelter. Until then, here’s to your bigg success!

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Is Your Status Costing You Money?

balance We all experience trade-offs. One of the most significant ones is time and money. If we have money, we can use it to buy services that give us more time. Another trade-off is status and money.

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Status at work

We may ask our boss for more money, but he or she tells us that it’s not in the budget. So instead, we’re offered a title – it gives us more credibility but it doesn’t line our coffers.

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marylynn When I was starting out in my radio career, I helped out quite a bit in the production department putting together commercials. I eventually became the go-to person when the production director wasn’t available. When I asked for more money, I was told it wasn’t in the budget but they gave me the title of Assistant Production Director. This helped me negotiate for a higher salary when I left for a different market.

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So sometimes the title can lead to more money. If that’s the case, great! But we need to go into it with eyes wide open because status without money usually doesn’t do us much good in the short- or long-run. We may have to work more hours because of our new title. We may be held more responsible. So we have to weigh the benefits.

Bringing it home

We also often fall into the status trap personally. We buy things, such as cars or houses that we don’t really need or want. We do it to keep up with our friends and neighbors.

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georgeTwo of my friends are best friends. They don’t do this anymore but, when they were first starting out, it was almost comical to watch them compete with each other. One bought a new car; within a month or so the other got a new car. One of them bought a new house; the next thing you knew the other one had his house on the market and was buying a new one. One got married; soon the other was engaged. One had a kid; soon the other one was an expectant father!

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The point is to recognize when you’re about to do something solely to increase your status. It may hurt you financially! Which means, in the long run, you’ll have less status than you would like.

It’s funny … what often keeps us from getting rich is acting like we’re rich before we are rich!

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Next time, we’ll discuss one more thing to add to your schedule to keep you on schedule. Until then, here’s to your bigg success!

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