What kind of life would you lead if you played the long game?
If you had a vision of playing with your great‐grandchildren at age 100 and let that vision drive your decisions, you would forego fast food, put exercise first, and follow a bedtime regimen to get enough sleep every night.
If you played the long game, you’d carefully learn the fundamentals of your industry, establish yourself as a recognized authority, and earn the admiration and respect of others. This would make your employment more fulfilling.
If you played the long game, you’d earn more money because you’d put more effort into providing outstanding service and cultivating positive connections with your clients, which will lead to repeat business and a ton of referrals, as opposed to pressuring them into making a purchase.
Additionally, if you were to play the long game, you would have less stress since you would be more confident that your assets will increase ten years from now when your portfolio was down.
Adopting two life philosophies will help you experience improved health, work happiness, money, and less stress. Develop the patience and endurance to play the long game.
OPTIMIZE FOR INTERESTING
Pick the option that sounds more fascinating if you have a choice. The more invested you are in the journey, the more probable it is that you will stick with it and view frustrating issues as stimulating intellectual challenges.
As a part-time jewelry maker who sold several necklaces and earrings on Esty, the lawyer in the book had a connection to the artists and was willing to fight for their rights every day. As a result, she had a long and fruitful career as the in-house attorney at Esty.
If you build a product to address an issue you’re facing, you have a stake in seeing it through development, testing, and innovation.
Choosing publicly traded companies whose business strategies you are passionate about and thoroughly understand will increase your inclination to disregard short-term stock volatility and hang onto a developing business for long enough to turn a profit.
Warren Buffett has limited his investments for many years to companies and industries he is familiar with (which is code for industries and companies he is ready to spend several hours per day studying).
Kapag nag-optimize ka for interesting sa iyong career, business, and investments, mayroon kang lakas to play the long game. But record your interests at the beginning of an attempt to make sure they continue to motivate you.
- What made you eager to begin your present role?
- What made you want to launch your business?
- Why did you decide to invest your hard-earned money?
When you keep track of your initial interest, you may assess its strength and come back to it when you’re bored or dissatisfied.
THINK IN WAVES
It is comforting to think that our careers or businesses will continue to prosper when things are going well. However, there will come a point when we feel stagnate in our profession and our product sales fall, regardless of how good we are at something or how well a product is selling right now.
Short-term thinkers freak out when a sales decrease or career stagnation occurs since they didn’t see it coming. However, long-term thinkers always create new possibilities since they anticipate their existing advantage and opportunity to run its course.
In order to prepare a new product for when sales of their present product ultimately start to fall, a business owner who is thinking long term tries to extend the sales of their current product while spending in research and design.
An author who is playing the long game will spend months writing. But after the book is finished, she puts her head up to promote it and increase sales, which helps her book get traction and continue to sell for a number of years. She stops marketing after a few weeks and focuses on writing her next book.
A freelancer or consultant who is thinking long-term allocates some of their workweek to finding new clients and some to exceeding expectations for their current clients.
Thinking in waves entails forecasting future peaks and valleys and switching between head-down and head-up modes to take advantage of possibilities (explore new opportunities). You can patiently chase future possibilities while maximizing your existing opportunity when you think in waves and alternate between these two modes. This creates the financial and psychological comfort you need to play the long game.
“If you plan with a longer horizon than everyone else, and you’re willing to endure the ups and downs along the way, you’ll be able to accomplish far more than others—or even you—imagined.”
‐ Dorie Clark
Author: The Pinoy Engineer
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