Prioritize what is important to you. Every decision you make has short-term and long-term consequences. Most of the time, if you can do what’s best for the long-term, you will eventually win. Sometimes that means delaying gratification (not doing what is fun/feels good right now). Dave Ramsey calls that maturity.
Tag: Dave Ramsey
On waiting…
We all should practice the art of waiting more. We have become so used to this “microwave world,” where we can have nearly anything we want instantaneously.
Don’t want to sit through commercials? Hit skip ads on YouTube.
Can’t find anything good on tv? Go to your favorite streaming service.
Bored? Scroll mindlessly on social media.
The list goes on and on. It’s even that easy to buy something we want. Don’t get me wrong, I love Amazon because it’s so convenient, but that’s their business model (and they’re very good at it). They make it so convenient that you don’t think twice about buying an item you literally just discovered.
But we would be better served in the long run if we waited to get that “thing.” Try waiting for 48 hours before you buy it. Would you still want it? If you think you still want it, go to the store to buy it. Is it worth the inconvenience of you getting your shoes on, driving into town, waiting in line, and then paying for it? And what if you only allowed yourself to pay in cash? That way, if you don’t have the money right then and there (both in your bank account and physically, in your hand), you can’t buy it on credit. It feels different when you hand over some money and get less in return (as opposed to handing plastic over and getting the same piece of plastic returned to you). Psychologically, it feels more painful, even though you’re paying the same amount for the same item. While I like to optimize every aspect of my life (working on efficiency and convenience), it is important to remember we should focus on effectiveness over efficiency. Just because something is easy doesn’t make it better…
And if you can teach yourself to not always get what you want, when you want it, you will be better off in the long run. Better off financially (not spending money), mentally (building up a resiliency so when things don’t go your way, you’ll be able to cope better), and possibly better off spiritually (giving you more time/money to focus on loved ones and the environment around you, instead of focusing on material objects to eventually go in the trash).
So, how long can you wait before you get that next “must have” item? Don’t let lifestyle creep take over. Don’t let your inner child take over (“I need this toy now!”)…Practice patience. Practice waiting. Practice being fiscally responsible. You will be better off for it.
Going wide or going deep
I recently wrote about being a specialist instead of a generalist, and this post delves deeper into that thought. When I was listening to Dave Ramsey’s “The Legacy Journey,” he discussed how he and his wife, Sharon, decided to give to charity. There is no right or wrong way to give to others. I believe that and so does he. But he made a good point, saying if they had one million dollars to give, would their money be more effective giving one dollar to one million charities (essentially, “going wide”) or giving one million dollars to one charity (“going deep”)?
If you “go deep,” your impact is likely to be far greater/more meaningful than if you “go wide.” Again, this is not meant to make it sound like going wide is wrong, per say. In the example above, donating that much money (or any amount of money, time, and energy) is a very noble thing to do. It just depends on what you feel is best. If you have multiple charities that you’d like to give to, by all means, go for it. But if you want them to reach their goals faster, you may have to limit where your resources are going.
So how does this relate to the generalist or the specialist? Well, the generalist is essentially going wide. They may have a little bit of knowledge or experience in a lot of different areas. This is a good thing! It’s almost always a good thing to have more experience and to be well-rounded. You can often connect better with others because you have more to talk about. But if you need an expert or have a specific task that needs to be accomplished? Then the specialist is probably your best bet.
You may have a lot of knowledge in many different areas, but if you don’t have a deep understanding of how to build a rocket (or specific parts for a rocket), you probably won’t be much help to the engineering division of a company like SpaceX. This is why it’s not right or wrong to be a generalist or specialist, to go wide or to go far. It is all situation-dependent and up for you to decide what you want to be or do.
