#convenience #inconvenience #tooconvenient
Is there such a thing as being “too convenient?
Eric Weiner refuses to buy an Apple Watch because it would make his life too easy.
Weiner, author of the forthcoming book, “The Georgraphy of Genius: A Search for the World’s Most Creative Places From Ancient Athens to Silicon Valley,” discussed this in a column he wrote for the Los Angeles Times, published in the June 7, 2015, edition of the News Sentinel in Knoxville, Tennessee.
Though he is not advocating the return of the inconvenient Paleolithic Era, he writes that too often we fail to recognize the full cost of our convenient lives. He cites all the plastic K-cups clogging the ecosystem, as well as personal and social costs of convenience.
The cost to workers of convenience can be harsh. A company can find a machine, or mechanical process, to do the work once done by humans. When that happens, humans lose their jobs and, in today’s world, may not be able to replace them.
Think, too, of all those disposable diapers, which Weiner cites. Yes, diaper pails and laundering cloth diapers is very inconvenient, and can be smelly, too. But those disposables s don’t recycle, though there are experiments around the world attempting to recycle them. Usually, though, they just go into the environment and, hopefully, degrade eventually.
Weiner also cites the convenience of shopping at Amazon. Point, click, enjoy, he says. Online shopping has led to the closing of many stores and placed store clerks, managers, shelf stockers etc., out of work.
Weiner says we, as humans, crave boundaries, obstacles and inconvenience. Buddhism is not an easy religion, as anyone who has attempted to meditate for five minutes can attest, he writes.
Yet, it’s an immensely popular religion worldwide, he says.
If, as Weiner quotes the late philosopher Robert Nozick’s notion that, we could imagine a happiness machine, would we want to be hooked up to it? Though the instinctive answer might be yes, the actual answer is no, because we want to earn our happiness, he says.
That brings to mind the notion that we appreciate more the things that we earn, than those we are given. If a college student has to pay for his own education, the thought goes, he will work harder in school. If the student is given a full scholarship, he may not work as hard.
Obviously, that doesn’t apply to everyone. Those with real gratitude are thankful for any blessings they are given. They will work to ensure that those blessings are not wasted, and will pay it forward as opportunities arise.
If you are looking for such a blessing, visit www.bign.com/pbilodeau. You’ll see stories of others, perhaps like you, who have been blessed beyond their wildest imaginations, realized it and worked not only to help themselves, but also to help others take advantage of those blessings.
Yes, our lives are certainly more convenient than those of our parents, grandparents and other ancestors. If you believe your forebears were happily inconvenient, perhaps they were. But true happiness has to start from within, and not necessarily be influenced by the things around us.
So be happy, healthy and prosperous. Choose your conveniences wisely.
Peter
Tag Archives: employment
RETIREMENT PROSPECTS DON’T HAVE TO BE GLOOMY
#retirement #SocialSecurity #employment
It’s been said many times, in many ways: many of us don’t see how we can retire.
Perhaps we haven’t been able to save enough. Perhaps we won’t be getting the pension we were promised. Perhaps we believe Social Security will be tapped out before we can tap in. Or, perhaps we’ve been put to the curb by our employers at middle age, can’t find a comparable job and have to “retire” before we want to.
Robert Powell, editor of Retirement Weekly, discussed some of these issues in a USA Today column, published June 1, 2015.
Powell talks about postponing retirement until age 70. That’s fine, if you like your job and are able to do it. Bob Schieffer, the longtime newsman with CBS, had recently retired at age 78. But, most employers won’t exercise that much patience. Once an employee hits middle age, he or she usually begins to get messages about “early retirement.” For many employers, a middle-age worker, particularly one who has been with the company a good number of years, is taking a lot out of the company in salary and benefits. If that position is vital to the company, then it can be more economically filled with a younger, less senior person, who may bring some new energy to the company.
Now, if you are able to extend your employment, there are great benefits to waiting until age 70 to collect Social Security. Powell says your benefits could go up by 76 percent by waiting. Basically, delaying Social Security should be a no-brainer for anyone who doesn’t need the money in retirement. It’s a whole different matter if you NEED the Social Security money to survive.
Powell also talks about the longevity risk. Will you outlive your money? One way to avoid the longevity risk, assuming you’ve been able to save some money, is to only tap the dividends, interest and other earnings your money generates, without dipping into your principal. Certainly, people are living longer and the longevity risk is real. If you are already middle age, your parents and grandparents would envy the longer average lifespan you now have. If you are young, presume your average lifespan will increase further. Start saving whatever you can TODAY, and don’t touch it until you retire.
Again, this is easier said than done when you don’t earn enough at your job, your employer doesn’t offer retirement benefits of any sort etc. Take this hint: live within or below your means. If you aren’t making much, look at what you spend your money on. Buy what you can afford, when you can afford it.
If you are married, postpone having children until you are financially ready to care for them. If you are single, look to share a household with friends to lighten individual expenses.
Powell also talks about home equity. There are some famous people out there touting reverse mortgages, which are a fine solution for the property-rich, cash-poor retiree. Perhaps it’s best to consider this option a last resort. Some of the ads say you retain “complete ownership” of your home as you draw cash from the equity. Your name is on the deed still, you are responsible for all the maintenance of the home, but the lender owns whatever chunk of equity it has turned into cash for you. If that doesn’t matter to you, then check out the reverse mortgage option as a last resort.
One thing Powell doesn’t mention is the idea of re-inventing oneself. If necessity is the mother of invention, then retirement, for some, is the mother of re-invention. There are multiple ways out there to make an income, perhaps even a great income, without having a job, pension or other source of funds. For one of the best, visit www.bign.com/pbilodeau. You have to be willing, perhaps, to re-invent yourself. Or, you have to be looking for a way to cut spending and earn more money. But a retirement solution could be waiting for you, if you are willing to look at it.
The retirement picture doesn’t have to be gloomy, particularly if you are young. But it does take some thought, perhaps some habit changes or courage to re-invent. It’s OK to be afraid, but sometimes we have take action while afraid. That action, gradually or quickly, can ally our fear.
Peter
THE MARSHMALLOW TEST, PART 2: PUTTING YOUR MIND ON SELF-CONTROL
Though the marshmallow test was taken by 4-year-olds, other research into willpower focused on adults.
The research was highlighted in the book, “The Marshmallow Test: Mastering Self-Control,” by Walter Mischel, and discussed in a Feb. 15, 2015, column in The Tennessean newspaper of Nashville by Gregg Steinberg, professor of human performance at Austin Peay State University in Tennessee and author of “Full Throttle.”
Steinberg suggested several ways to improve one’s willpower. In the first, he advises to focus on the future. Many of us only think about today, and how we can be instantly gratified. The world moves quickly, and the advancement of the Internet and social media gives us instant results.
That can be good and bad. It’s good that we can get information instantly, but not so good if your employer reorganizes frequently and costs you a job.
This instantaneous world requires us to think about the future, because it has become so unpredictable. So, if you want to work until you want to retire, it may not happen. Expect your “retirement” to come sooner than you want, and expect that you probably won’t know when it’s coming.
That means that while you have a paycheck, put some of it away where you can’t touch it, and where you can watch it grow. It will help cushion that unexpected retirement.
Steinberg also advises to give yourself rewards. When you accomplish a goal, treat yourself. He quotes an example of hungry students. One group was given cookies and candy, the other radishes. They were asked to solve unsolvable anagrams. The ones who ate the sweets were better able to stay on task, since chocolate is more fun to eat than radishes.
Of course, part of having willpower is frequently avoiding sweet treats. But if you do something good, it’s OK to celebrate, briefly.
Finally, Steinberg says self-control is a mind-set. He quotes a study of students at final exam time. He says the students who believed their willpower was limitless did better than those who believed the opposite.
In sum, those of us with futuristic thoughts, who give ourselves periodic rewards for doing good and who put our minds to it will have good willpower.
If you are having trouble coming up with a Plan B, in case your Plan A fails you in the future, visit www.bign.com/pbilodeau. Perhaps if you see the good in there, your thoughts of the future will turn to dreams.
So celebrate appropriately. Learn to believe that waiting for something good is not only possible, but desirable.
Know where you want to be, and perhaps what you want to be doing 10, 15 or 20 years hence. Then, work toward that end. You may hit some bumps along the way, but your strong mind can guide you toward your own solutions.
Have the will. Find the way. Don’t be easily tempted to stray. The journey often is more fun than the destination. Press on with care and patience.
Peter
PUBLIC VS. PRIVATE: BE AN IMPACT INVESTOR
#investors #publicprivate #impactinvesting
Who will solve the great problems of the nation and the world?
Will it be governments or private citizens?
Or, will it be a little of both?
It was thought that private citizens would never solve anything unless they can make money – gobs of money.
Governments, on the other hand, don’t have any money, but spend it anyway, sometimes futilely.
New York Times columnist David Brooks discussed the new concept of “impact investing.” That is private money going into investments that attack some of the world’s problems. The Atlanta Journal-Constitution published his column Feb. 3, 2015.
Brooks says that the private market, prone to devastating crashes and producing widening inequality, combined with gridlocked, ineffective government aren’t getting the job done.
So a group of smart people with opposable minds – part profit-oriented and part purpose-oriented – have created organizations that look a little like businesses, a little like social-service providers and a little like charities – or some mixture of the three, Brooks writes.
They are creating new impact funds, social stock exchanges and include players like Goldman Sachs and Credit Suisse. The first wave of this sector was led by Ben & Jerry’s ice cream. Now you have an array of capitalist tools ranging from B Corporations like Warby Parker, which gives free glasses to the poor, to social impact bonds. Brooks writes. He quotes at 2010 report by the Rockefeller Foundation and JPMorgan that says impact investing capital could amount to $1 trillion by 2020.
So what’s happening here? Did government failures in helping its people make wealthy people feel guilty – guilty enough to accept a potentially lower profit to help lots of people?
Capitalism is a marvelous institution that has gotten a bad rap. People are beginning to realize that it’s not how rich you become that matters, but how you become rich. Did you do well by doing good? Were you helping others succeed as you were succeeding? Once you’ve achieved success, did you hoard all your gains, or did you use them to help those worthy of your help?
It’s clear not everyone is going to get rich. But there are many vehicles out there that allow ANYONE to get rich. For one of the best, visit www.bign.com/pbilodeau. Check out a model in which success only comes by helping others succeed.
Think back to the days when you were young, and just starting out in the workforce. You probably had an entry-level job for, say, a small business. When the time came for you to move on to other things to better your life, how did your boss treat you when you left? Was he wishing you well, telling you he was proud to have you work for him and offer any lifelong assistance (not necessarily financial) that you might need? Or, was he the type that was upset that you were quitting and leaving him short-staffed? The former likely was a pleasure to work for, because he looked out for you, and you, in turn, made sure you did your best for him. The latter likely had employees who were indifferent toward the boss, didn’t care whether his business succeeded and probably worked under a good deal of stress.
If you become a boss, which kind would you like to be? If you become an investor, which kind would you like to be? People who work hard on being better people tend to have success follow them. Those who don’t, and still achieve success, probably have lots of current and former employees, who got relatively little in return, to thank.
Peter
RAZING THE IDEA OF ANNUAL RAISE
#annualraises
“Better not start spending that big raise you might be expecting this year,” says Doug Carroll, a reporter for USA Today.
For the last few years, a raise has been hard to come by. In fact, a job was not easy to come by, so one may not have expected a raise. A steady paycheck was good enough.
But Carroll, whose article was published April 27, 2014, in the Tennessean newspaper of Nashville, says eight of 10 businesses say they expect subdued wage growth in the next three years. By subdued, they mean 0 to 3 percent, adjusted for inflation, Carroll quotes a survey by the National Association for Business Economics (NABE).
We can probably hear each other thinking the same thing: our cost of living goes up, but our paychecks don’t. And, if they do, they don’t go up enough to cover those extra costs.
Let’s put this in perspective. A salary was never designed to cover OUR costs. A salary is something an employer gave a person for work he does. What’s done with the money is the worker’s decision. In decades past, a worker figured out how to make a life with his given salary, and regular, if not annual, increases helped him better his life as time passed.
Combine the extra salary with the worker’s life efficiencies, such as paying off a mortgage, having children grow and leave the house etc. Now, examine today’s world. Raises are smaller. Those life efficiencies are getting fewer. Mortgages are more difficult to pay off because houses likely have dropped in value. In fact, foreclosures have skyrocketed in the last few years.
Children that grow into adults are leaving home later, if at all. Those adult children may be finding it difficult to support themselves, perhaps because they have lost a job and are having trouble finding another. If they do find another job, it is often for less money than they were making, compounding the difficulty of independence.
Financial upward mobility is more difficult to achieve because employment that may have been secure decades ago is far from secure now. We have to find multiple sources of income so that we are not so dependent on one job, or one employer.
The good news is there are many such income sources out there. For one of the best, visit www.bign.com/pbilodeau. You’ll find financial assistance in two ways: spending less and earning more.
It’s logical that high unemployment keeps wages down. It’s also logical that as employers’ non-wage costs rise – 31% of those surveyed by NABE reported rising material costs, Carroll reports – employees will pay for it with flat wages.
We can curse out our employers for not paying us enough. One might argue that we almost never get paid enough working for someone else. But cursing or blaming your employer wastes energy.
We have to manage our own financial situations ourselves. We have to continually look for jobs or other income that will better our lives. We also have to spend what we have wisely.
In fact, living BELOW one’s means may be the first step toward financial independence. If one lives below one’s means long enough, and invests wisely what he is not spending, eventually he can live better, if not the way he wants, regardless of his employment situation.
So, to paraphrase Chik-fil-A founder S. Truett Cathy, earn your money, however much or little, honestly. Spend it wisely. And, if you are fortunate enough, give the rest away to worthy causes.
Peter
WEALTH CONCENTRATED IN FEWER HANDS
The goal of past generations is to have the next generation be better off than they were.
Many of us can remember a time when, if we worked hard, we advanced. If we had a job and behaved on the job, we could work as long as we wanted, retire when we got older and have a few good years of leisure as a reward for our hard work.
By most accounts, this was called the American Dream.
The recession of 2008 may have changed everything. We now have a world in which the middle class is shrinking because hard-working people are losing their jobs, and having great difficulty finding another that pays as well – if they find one at all.
Lifestyles are being cut back. Pessimistic views of the future abound. Perfectly good, hard-working people are getting discouraged. Spirits are being broken.
Thomas Picketty, a French economist, draws a picture of consolidation of wealth in fewer hands in his book, “Capital in the Twenty-First Century.” New York Times columnist and economist Paul Krugman calls the book a phenomenon. Krugman wrote about the book in an April 24,2014, column.
Picketty sees a world in which more wealth will be concentrated in a decreasing number of hands. He sees that as a dangerous trend.
No one wants anyone to get paid for laziness. Most people want to work, and want to be paid fairly for what they do. Krugman points out that more conservative economic policies of government are leading to wealth being spread more lavishly on fewer people, at the expense of a majority of others.
Without getting into a debate about the values, or evils, of socialism or capitalism, let’s look at what we have in front of us.
Many of us have gone through a downsizing at work. Companies are learning to operate with fewer people, thanks to technology advancements and other things.
When this happened in previous decades, those who got laid off were reasonably confident they would find work before too much time passed. Today, that’s not necessarily the case. There are millions of people who have been out of work for extended periods, and employers are not hiring them because they have been out of work for so long.
Hence, the capitalistic wealth distribution formula – work=money – is turned on its head. The socialist voice is getting louder. In other words: more heavily tax those few who have benefitted from this, to cover those that they injured in the process.
But there may be a better way than wealth redistribution through government. Make more widely known the available vehicles for a person to change his life. There are many opportunities out there for people to live their dreams, despite having been hurt by the current economic trends.
For one of the best, visit www.bign.com/pbilodeau. At the same time, some people have to change. It was comfortable having a job, going to work, work as many years as a person wanted and retire not only with the means to meet needs, but perhaps to also enjoy leisure.
You can be angry at wealth concentration in a few hands, or you can find a way to gain more wealth for yourself, and help others do the same.
That’s the ultimate in people helping people. If more people did that, proper wealth distribution would naturally occur, without government interference.
It’s always better to earn your own wealth than to take someone else’s. Look for a vehicle that allows you to do that, without impoverishing others in the process. Look for that vehicle you and your friends could ride together — and work together to enrich each other.
Think of the good you can do in the process. Best of all, think of the fun you’ll have doing it.
Peter
GOOD HELP IS HARD TO FIND, KEEP
One would think that with still-too-high unemployment, people would be afraid to change jobs.
And, one would think that even if an employee moved on, he or she could be easily replaced.
Yet, companies today talk about the difficulty retaining good employees.
Those companies are putting in nice extras in the workplace to make it a place people want to work.
Lance Williams, business editor for The Tennessean newspaper in Nashville, says seven out of 10 American workers admit they are “checked out” at work or they are “actively disengaged” on the job. Williams also says that out of 100 or so Americans on the job, about 30 are actually engaged or involved in, or enthusiastic about their jobs.
Williams wrote a about this in a June 30, 2013, column in The Tennessean.
That means that the “good” people in any organization are about 30 percent of the workforce. They are the ones employers want to retain. The odds are against the employer finding another good one to replace a good one who has left.
That same edition of The Tennessean spoke of “intrapreneurial” spirit, as Anita Bruzzese calls it, and finding purpose in everyday life to help your motivation soar, as Gregg Steinberg talked about. Both Bruzzese and Steinberg are authors and experts on the subject.
Bottom line: if you aren’t motivated at work, find something there that WILL motivate you. If you own a company or manage people, create an atmosphere at work that will motivate people. Employers like entrepreneurial types within their organizations. Before the word entrepreneur became in vogue, these folks were called self-starters. They didn’t require much direction from their bosses and figured out new and better ways to do things.
No one expects a job to be a vacation or a hobby. Everyone expects to work – even handle unpleasant chores. But if you are employed, you need to find some perks in your job – something other than a paycheck that motivates you to do well and enjoy your time there. Sometimes you have to create them. Sometimes, your boss needs to create them. But you can’t depend on the boss to make your work life a total kick.
If you are among those who are “checked out” at work, it will be noticed. If you don’t care, then no one else will care if you go. If you do care, it will be noticed. No one will want you to go, and other employers will want to steal you.
Companies can replace skill, but it’s more difficult to replace MOTIVATED skill. Every employer wants its staff to be motivated, and each must take action to help find that motivation. Otherwise, the few motivated ones will be gone and difficult to replace.
If you are a motivated person, but not working in the right place, visit www.bign.com/pbilodeau. It may be just the thing to keep you from “checking out” at work. It may be the thing that will help you find purpose in everyday life. It may be just the thing to be “intrapreneurial” with others.
To bosses: work on not just getting out the product, but getting the most out of your workers. To workers: if you have a good job, but don’t feel it is right for you, try to find something you can like. If you can’t, keep looking. There are good places to work.
You need to be working in a place that gives you more than money and benefits. You might even already be working there, but haven’t yet found your purpose.
Peter