Business – Page 7 – MAP Strategic Wealth Advisors

The Problem With ‘No Regrets’

Five takeaways:

While a “no regrets” mindset might sound freeing, it falsely suggests that life can and should be lived without “looking through the rearview mirror.”

A 2020 study of 15,000 people in 105 countries showed that 82% percent of respondents said they feel regret occasionally; 21% said they feel regret “all the time”; and 1% said they never feel regret.

While being overwhelmed by regret is unhealthy, forcing yourself to completely do away with regret completely will curse you to repeat your mistakes

Brooks cites a recent book by Daniel H. Pink that breaks regret into four different types:

Connection regret– regret over harmed or broken or lost relationships

Moral regret – regret over the violation of your own values

Foundation regret – regret over decisions that had a profound effect on your life (like wishing you had not moved to a city, or picked a different college major)

Boldness regret – regret over inaction or foregone opportunities

Regret can overwhelm you, but shunning them is a lost opportunity to grow. We must learn from every aspect of our lives.

From Arthur C. Brooks at The Atlantic:
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Note: At the time of this posting The Atlantic offers five free article views per month.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

The Strategic Side Gig

Five takeaways:

While career-based ambition can lead people to be almost obsessively focused on job performance, this article argues that actively maintaining multiple interests is important for long term success.

Leaders are well served to find ways to expand their range of knowledge, skills, and connections outside their daily work– especially in a world where industries and fields are rapidly shifting and intermixing.

Make sure your “side gigs” are meaningful and aligned with your personal goals. Work on boards, teach/mentor, or volunteer in public service.

Aside from building new skills, a strong “side gig” will allow time to recharge, and to grow your perspective.

Taking on extracurricular activities may seem like a difficult thing given your busy work schedule, but it can and will open opportunities and give you a competitive advantage.

From Ken Banta and Orlan Boston at Harvard Business Review:
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Note: At the time of this posting Harvard Business Review offers two free article views per month. Four if you register for a free account.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

Habits vs. Goals: A Look at the Benefits of a Systematic Approach to Life

Five takeaways:

This article breaks down the important relationship between habits and goals.

It is important to note “the problems with goals” – goals have definitive ends, they are often set unrealistically/impractically, and in some cases our brains can confuse goal setting with achievement– because setting the goal feels like an end in itself.

Habits, on the other hand, are worth exploring for their benefits. For one– habits take otherwise difficult tasks like saving money- and make them easy in practice.

Habits are compounding and create a lifelong framework for success. They can actually rewire your brain to become automatic behaviors.

By switching our focus from achieving specific goals to creating positive long-term habits, we can make continuous improvement a way of life.

From Shane Parrish at the Farnham Street blog:
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This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

Nine Nonobvious Ways to Have Deeper Conversations

Five takeaways:

Deeper conversations help people become explicable to each other and themselves. They are tools of building self awareness and greater, more compassionate understanding of the world around us.

Remember to approach conversations with a sense of awe. C.S. Lewis once wrote that if you’d never met a human and suddenly encountered one, “you’d be inclined to worship this creature.”

Asking “elevating” questions (What crossroads are you at? Who do you feel most grateful to have in your life?) can spur deeper answers.

Avoid questions that have a clear yes or no answer. Open ended questions allow for deeper, flowing answers. Starting questions with “What was it like. …” or “Tell me about a time. …” is a great starting point.

Treat attention as “all or nothing.” Full, undivided attention will unlock deeper questions and greater conversational flow, and have a magnetic effect on your conversation partner.

From David Brooks at The New York Times:

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Note: You will need a free account with The New York Times to view this article. At the time of this posting The Times offers ten free article views per month.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

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