Evaluating Effort, Work & The Outcome
I'll always say that there are no perfect money lessons, and neither are there books that are magically authored to showcase the ultimate knowledge this is needed in life to thrive.
people cannot avoid failures in their quest to be financially free and this is because we cannot see the future, it's twists or turns, and we can only predict or permutate some likely or unlikely outcomes from past occurrences.
We make plans while making predictions, especially when there's a certain level of uncertainty we cannot ignore. Sometimes we're right and sometimes we're wrong but most of the time, we're always hard done by the things we predicted that eventually came out wrong.
No one is immune to wrong predictions,
......and when Over 50% of our predictions are right, we take it as a win especially if there are smaller chances of failure that we can live with. This is to say that we mostly don't care if we lose, provided our wins are more than our losses then, we cumulatively see it as a win. No one likes to be wrong, especially when they've tailored their resources to suit their predictions.
However, we take risks in life, the people whose risks turn out well are always considered geniuses, and people who did everything right but were never lucky are given the stare. That said, failure and success can be two peas in a pod, very close relatives, but their relationship is perfectly inelastic, sharing boundaries but seemingly different in the effect of their result.
Failure is a result and so is success.
Sometimes none of these results perfectly depicts the work we've put in. Some people work so hard, yet they still fail while some others do very little, yet they'll succeed. This is where the element of luck comes in. Of a truth, we mostly overlook the element of luck in life until we do everything right and still fail.
There are times we just need one ingredient to crown our efforts, the fact that we don't determine if we'd get this ingredient or not is one of the harshest realities of life, life's harsh and our reality is not logical, the concept behind money isn't rational, because value isn't universal, sometimes it's difficult to place a valuation on what's the right kind of effort.
The Voice & Influence Of Society
When a person toils and almost gets within a distance of success and fails because of the things they couldn't control, it's normal for society not to see the things they couldn't control, we expect perfection from others, even when are not as perfect as we might think. But like I said earlier, we're blind to the sacrifices that go on, backstage.
These sacrifices are the true stories behind the opportunity costs, the leverages, the denials, and the pain of constantly grinding. This is why people hold on to their stories of struggles till the end of time. Now one thing I believe in life is that we are all risk-takers, whether we're saving money or investing it.
In conclusion
We might feel some mental security for doing one and not doing the other, but it's all an illusion of the mind. This is because when we invest we feel it's all coming back and when we spend to satiate our desires then it's completely gone. Nevertheless, seeing oneself as a money genius is pure foolery.
No one is a genius, even when we seem to have an impeccable track record, it's all an illusion because the only thing that keeps us tethered to these beliefs is the inability to see the future, it's a blessing and a curse at the same time. Some of the things we deem to fail, might not.
Sometimes, we allow the fear we feel at the moment to dictate or influence our predictions, for the future. This isn't to say emotions are entirely bad. I prefer to live in the moment, and a lot of people do too, this is because there's no time as important as the present.
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Thank you for this wonderful piece, quite enlightening
Would be better if you could elaborate..
I have seen people who have beautiful business plans, very well laid out itinerary to success and yet, failed. Luck perhaps to the one who may have just had a mental business plan with little efforts and yes, succeeded?
Both successes and failures are results.
The process never gets appreciated, only the end results get recognized and the process gets handy when the finishing is good
the process is what you live, your life experience; the result is what others recognize and reward.
Very true.
Your process only gets the attention if the result is recognized
I find that sometimes spending to satiate our desires is investing as well. Investments in a way involves spending. Spending money on something in hopes of bigger returns. Food is a desire needing satiating, but spending on food, even though not a direct investment, provides us energy and motivation to work- a productive outcome. BSpending your yard earned money on yourself even if it’s buying expensive things for yourself motivates you to make more to be able to afford more- investment. Another example is that in cases where your looks happen to be connected to your business like selling clothes and cosmetics, buying expensive things for yourself advertises your business indirectly- investment.
As for luck, we can’t stop talking about how it plays an important part in the success and failure we see in our ventures. It is undebatable truth that even though we work hard, our hard-work needs a bit of luck (maybe a lot of it sometimes lol) to actually succeed, because it’s a lot of people out there working harder than most successful people we see but less successful.
Hello man, howdy? Well yes, you're right, spending to satiate our desires can be an immediate investment that might indirectly yield non-monetary dividends as you've said. Nevertheless, some spendings on desires, can also a means to an end. Achieving one result that is hardly beneficial but brings a sort of artificial relief to an extent. I think this is something we individually get to sort out especially when we're conscious of the or aware of who we are
And as per luck, I think we all tend to agree. For example, it's been over one year now, I've been hoping to be lucky enough so as to establish some important aspects of my life and sincerely, I hope I can be.
Ah that is right. More often than not, spending on satiety results in financial ruin.
Whatever your plans are, I hope you’re lucky enough to be able to see them through. I have a couple of things I pray I get lucky about myself, and most of them are financially inclined.
no one knows it all, we are all just trying and that is why I don't count my losses and decided to just focus on success and make myself better.
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We don't know everything like you've pointed out, sometimes all we just do is to even pray for luck whenever we go into any form of investment..
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That anguish of doing everything right and still failing is quite unbearable to many. In many cases, there isn't any rational thought process to explain it because there are many things that are beyond rationality. Not being able to see the future is indeed both a blessing and a curse. So we might as well just focus on the present while hoping for the best and preparing for the worst with regards to the future.
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I think one thing that people find difficult to do is to imagine that they will change in the future. That their tastes, desires, and wants will change. Therefore, planning for the future can be quite hard.
Yeah, people imagine a lot about themselves and their future, thus it becomes a difficult place to plan for. It's one of the most challenging thing I guess.
Great write up about the realities of life. There's a thin line between success and failure. Not everyone wants to be a millionaire or billionaire. Most people consider themselves successful if they have a good house and enough to eat, others would desire excesses like multiple houses and cars to consider themselves successful.
Just like you I prefer living in the moment, being happy with what I have and continuing to build towards a brighter future. Thank you for sharing and keep enjoying the new week :}
People just see the results. If you are successful, they praise. If you fail, they criticise and always find faults with you. There is hardly anyone who is there to appreciate the struggles you went through during the process of reaching the result.
You are right in saying that the element of uncertainty cannot be removed, no matter how cautious you are and how wisely you predict certain event
I agree that nothing is perfect and even trading based on technical indicators is just a guess of where things will go. It doesn't always go out the way you plan so you have to adapt and make changes.
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