Having a Plan B

One of the most common dilemmas one faces in life is how to deal with obstacles when they come our way.

One view is to keep knocking at the same door repeatedly until the door opens. This theory is based on the fruit of perseverance.

 

Another theory says that if one door is jammed, try an alternative one. Why waste time on something that refuses to come to you easily? This choice is how one evaluates his career options.

When one does not taste success in an IIT entrance exam, what should be done?

Should he keep trying or should he have a back-up plan in place- Plan B if plan A does not work.

I think it’s about assessing one’s talents. If one is really passionate about a particular field and has the requisite talents, then he must persevere in that field. However, if after spending a few months/ years, a person realizes that he is not cut-out for a particular field, it would be wise to cut your losses and look for an alternative field.

Many successful people tried their hands at many things which did not work out for them, before finding the right fit.

Would love to hear your opinions. Write into aipichai@gmail.com

A Vision and a Plan

Every great building or every great device was conceived with a Vision. When Steve Jobs started designing the iPhone, he first had a Vision. What will the iPhone do? What will the entire eco system around iPhone be? How will it impact the life of a customer? He had a vision of what he wanted to achieve.

Then he & his team got around designing the iPhone. They planned every feature, every wish list meticulously.

Then they started creating it. I am sure it must not have started suddenly one morning, where Steve Jobs got out of his bath tub in a Eureka moment shouting “Let’s create an iPhone”.

Your journey to Financial Freedom also starts with a Vision. It has to be your vision. Your Relationship Manager from the Bank will never create this vision for you. It is your Vision- what inspires you? You want to build Taj Mahal or do you want to build Red Fort. What will give you maximum joy?

Vision cannot be created in one day. It takes time. Moreover, it will not happen automatically without any effort on your part. You will have to keep studying the environment. You will have to keep introspecting. Do you have the temperament to own and manage certain type of assets? If it does not match your temperament you will have to modify your vision. A friend of mine created his fortune in Art. He runs an Art Venture. Can I also do it? It depends on my temperament. Do I really love Art? Do I understand Art? If the answer is no, then maybe I should try and learn something about it. If I just cannot do it, then maybe Art as an Investment is not for me. I should look elsewhere.

Once your Vision is formed, you need to start putting numbers on your vision and start converting it into a Plan. Once the Plan is prepared, you will have to set GOALs. You might need a Wealth Coach to help you in this process. You may also form a group of like-minded people with whom you can share your Vision, your Plans and your Goals. This is serious stuff and it demands dedicated efforts. How many of you have devoted sufficient time to do this exercise? Don’t expect your CA who files your tax returns to play this role. This is simply not his role. So how are you formulating your Vision, your Plans, your Goals? Do write in to share your experience so far.

What is your goal?

What do you want from life?

 

There are two types of people – Performance Oriented and Possession Oriented. What do you choose to be?

 

It all begins with the Desire – what do I really want?

This video will help you in defining the WHAT. The right goals lead you to higher Ai, higher Pi and higher Chai