Comparing yourself to others

August 26, 2019

Via Farnam Street  Article

The Danger of Comparing Yourself to Others

“There is one thing that you’re better at than other people: being you. This is the only game you can really win.

When you start with this mindset the world starts to look better again. No longer are you focused on where you stand relative to others. Instead, your focus and energy is placed on what you’re capable of now and how you can improve yourself.

Life becomes about being a better version of yourself. And when that happens, your effort and energy go toward upgrading your personal operating system every day, not worrying about what your coworkers are doing. You become happier, free from the shackles of false comparisons and focused on the present moment. ….

What really matters is what you think about what you do, what your standards are, what you can learn today.

That’s not an excuse to ignore thoughtful opinions—other people might give you a picture of how you fall short of being your best self. Instead, it’s a reminder to compare yourself to who you were this morning. Are you better than you were when you woke up? If not, you’ve wasted a day. It’s less about others and more about how you improve relative to who you were.

When you stop comparing between people and focus internally, you start being better at what really matters: being you. It’s simple but not easy. …

You get one life. Play your own game.”


Best way to borrow money

August 26, 2019

By via  Article

The Best Way to Borrow Money

Credit Union Lending … Credit unions are typically nonprofit enterprises, which helps enable them to lend money at more favorable rates than banks. In addition, certain fees (such as lending application fees) may be cheaper. Plus customers typically don’t get nickel-and-dimed with transaction fees like they do at banks. …

Peer-To-Peer Lending (P2P) With peer-to-peer lending, borrowers take loans from individual investors who are willing to lend their own money for an agreed interest rate. The profile of a borrower is usually displayed on a peer-to-peer online platform where investors can assess these profiles to determine whether they would want to risk lending money to a borrower. …

Bank Borrowing Banks offer a variety of mortgage products, personal loans, construction loans, and other loan products depending upon their customers’ needs. By definition, they take in money (deposits) and then loan out that money in the form of mortgages and consumer loans at a higher rate. They make their money by capturing this spread. …

Borrowing From 401(k) Plans the negatives of withdrawing funds from one’s 401(k) vastly outweigh the positives. For starters, if withdrawing funds, as opposed to borrowing against your holdings, you must pay taxes on the money. In addition, there is usually a 10% penalty for withdrawing the funds before reaching age 59½ (although there are some exceptions, such as disability). …

Credit Card Borrowing if a balance is carried over, credit cards can carry exorbitant interest rate charges (often in excess of 20% annually). … Borrowing too much money through credit cards could reduce your chances of getting loans or additional credit from other lending institutions. (See also: How Credit Cards Affect Your Credit Rating.) 

Using Margin Accounts Margin accounts allow a brokerage customer to borrow money. The funds/equity in the brokerage account is often used as collateral for this loan. The primary purpose of a margin account is to allow an individual to purchase additional securities at a favorable rate. (See also: Margin Trading and What Is a Margin Account?) …

U.S. Government Lending  Fannie Mae is a quasi-public agency that has worked to increase the availability and affordability of home ownership over the years. … the paperwork to obtain a loan from a quasi-public agency can be daunting. … with regard to certain Freddie Mac mortgage offerings, an individual’s income must be equal to or less than the area’s median income.

Financing Companies While some lenders make longer-term loans, most, finance companies specialize in providing funds for smaller purchases such as a car or major appliance. Finance companies usually offer competitive rates, and the overall fees can be low when compared to banks and other lending institutions.”



Tell me about yourself

August 26, 2019

By Judith Humphrey via  Article

You’re probably answering these 5 common interview questions wrong


… think of one clear message you want to deliver about yourself, and then pitch that idea in your answer. For example, you might say ‘I’m a person who has performed well in a series of communications roles,’ or ‘If there’s one thing that defines me it’s my passion for leading people.’ And make sure the one idea you’re putting forward about yourself fits with what the interviewer is looking for in a candidate. Once you have the key descriptor, expand upon it. You’ll sound focused and career-savvy.


… use this answer to show you know what is expected, what the challenges of the job are, and why you believe your talents will allow you to achieve what is expected. Dig deep and explain why exactly you feel you can deliver in the role.


… prepare to answer with a ‘weakness’ that’s actually a strength. Say, ‘I am a perfectionist who is always striving for excellence, even when it means I push myself too hard on a project.’ Or ‘I’m driven to make my team the best, most successful sales team. This means the people working for me need to have aspirational goals as well.’ …


… The wrong answer is to share anything negative that might be propelling you out of your existing role. … paint a picture of yourself as an aspirational employee who has been fulfilled in your current role, but is ready to take the next step in building your career. Talk about your accomplishments, your game plan for moving to the next level in your career, and how the job you’re applying for will require the skills you have already developed. It’s good, too, to express regret that you are leaving a great group of colleagues, or a boss who has inspired you ….


This is another question that comes with a catch. If you say you’d like to be in the role of your interviewer–say, a VP or director–you will be in quicksand territory. Your interviewer may be offended that you are putting yourself in her shoes. The answer is to simply express a 10-year goal, without attaching it to a specific individual. If you have a career goal in mind, you’ll be perceived as someone with a vision and drive. Just remember that in today’s marketplace, nothing is certain, so you’ll need to reflect that in your answer.”

Managing people is impossible

August 26, 2019

By Steve Keating via  Article

The Trouble with Managing People

“Let me say this yet again: managing people is impossible. People refuse to be managed, they want to be led. …

You manage things. Things like a budget, a building, and a process. You manage things that don’t think, don’t have feelings, don’t have goals and objectives, and don’t care one iota what you think of them.

But people do think, they do have feelings, they (hopefully) have goals and objectives. And they care what you as their leader think of them. That’s why they must be led, not managed.

People who feel managed are most always under-performers. Even if they are doing well they would do better if they were led instead of managed. People who feel managed are frequently said to be ‘problem people’ in their workplace. The truth is that they are unlikely to be the actual problem. It’s far more likely that the problem is the person who is supposed to be leading them but is managing them instead.

… Leaders must be passionate. They have to truly care about the people they lead. They have to be as motivated to help their people succeed as they are to succeed themselves. …

I know you’re not going to like this but if you have ‘problem people’ in your organization then you need to make certain that you are not the root of the problem. If you’re trying to manage your people then the ‘problem’ with your people is most likely you.

Leaders lead people and managers manage stuff. The best leaders know how…and when, to manage and the best managers know how…and when, to lead. There’s no crime in not being able to do both, you just have to acknowledge it and not try to manage people who need to be led.”

The not-to-do list

August 19, 2019

Via  Article

“You can do anything, but not everything.” ― David Allen

“If you look on the desk of any ambitious person, you’ll probably find a fair amount of predictable stuff: coffee cups (with varying levels of cold, abandoned coffee), post-its, uncapped pens, and — most predictably — ’To-Do’ Lists. Whether they’re written neatly in a planner, scribbled on a scratch piece of paper, penned on a whiteboard, or kept in the back corner of your mind — we all have them. For the go-getter, they’re imperative. We can’t start the day without knowing what’s on that list.

But Bryce Maddock has a different idea, and we think it’s worth a listen. He’s CEO of TaskUs — the world’s leading digital customer experience outsourcing company — and he wants you to try and make a ‘Not To-Do List.’

‘Decide what you’re not going to do. That doesn’t mean low priority items get crossed off the list. It means deciding that they’re not the absolute highest priority item. The discipline of saying — ‘here are probably seven or eight things that we’d like to accomplish this year… what are the four or five that we’re going to just decide we’re not going to do so that we can absolutely focus on the top three?’

By saying ‘yes’ to something, you’re inherently saying ‘no’ to something else — but we usually don’t think of it that way.

But try it — make a list of everything you think you need to do. Then, give yourself permission to not do some of them. Cross those puppies off. Go ahead — use a red pen. It will feel awesome to free yourself to pursue what you really want to chase down.”

Successful people are those who can …

August 19, 2019

By Ray Dalio via  Article

Life Principle 1.10e; Successful people are those who can go above themselves to see things objectively and manage those things to shape change

“They can take in the perspectives of others instead of being trapped in their own heads with their own biases. They are able to look objectively at what they are like—their strengths and weaknesses—and what others are like to put the right people in the right roles to achieve their goals. …

Nobody can do everything well. Would you want to have Einstein on your basketball team? When he fails to dribble and shoot well, would you think badly of him? Should he feel humiliated? Imagine all the areas in which Einstein was incompetent, and imagine how hard he struggled to excel even in the areas in which he was the best in the world.

Watching people struggle and having others watch you struggle can elicit all kinds of ego-driven emotions such as sympathy, pity, embarrassment, anger, or defensiveness. You need to get over all that and stop seeing struggling as something negative. Most of life’s greatest opportunities come out of moments of struggle; it’s up to you to make the most of these tests of creativity and character.

When encountering your weaknesses you have four choices:

1. You can deny them (which is what most people do).

2. You can accept them and work at them in order to try to convert them into strengths (which might or might not work depending on your ability to change).

3. You can accept your weaknesses and find ways around them.

4. Or, you can change what you are going after. …

The worst path you can take is the first. Denial can only lead to your constantly banging up against your weaknesses, having pain, and not getting anywhere.

The second—accepting your weaknesses while trying to turn them into strengths—is probably the best path if it works. But some things you will never be good at and it takes a lot of time and effort to change. …

The third path—accepting your weaknesses while trying to find ways around them—is the easiest and typically the most viable path, yet it is the one least followed.

The fourth path, changing what you are going after, is also a great path, though it requires flexibility on your part to get past your preconceptions and enjoy the good fit when you find it.”


Don’t care

August 19, 2019

“People don’t care how much you know until they know how much you care”

– Theodore Roosevelt