fbpx
Connect with us

Success

How Making Decisions Using the 10/10/10 Method Can Change Your Life

Published

on

How Making Decisions Using the 10/10/10 Method Can Change Your Life

Do you find it difficult to pick a side when presented with some tough decisions to make? If so, then the 10/10/10 method is the perfect solution for you. Master this simple three-step tactic, and you will soon find it easy to make quick and correct decisions just like legendary investors, Warren Buffet and Ray Dalio.

What Is The 10/10/10 Method?

The concept of the 10/10/10 method is pretty straightforward. What it advises you to do is to ask three questions when faced with a prospect of making a choice:

  • How will you feel about the decision in 10 minutes?
  • How will you feel about the decision in 10 months?
  • How will you feel about the decision in 10 years?

For example, suppose that you are presented with a choice to buy a refurbished vehicle within the next 24 hours at 25% discount. Now, this might entice you to buy the vehicle immediately. But at the same time, you might also be concerned as to whether it would be a bad choice. In this torn state of mind, the 10/10/10 method can offer some simple and beneficial guidance.

Ask yourself how you would feel about the buying decision in 10 minutes, 10 months, and 10 years. If you think that within 10 minutes or 10 months of spending money you might regret it, then do not go for making the investment and buying the car. Look for other options. However, if you think that after 10 years, you will not even be concerned about having spent the money, then you can consider buying it. Just make sure that the asking price is reasonable enough.

The Psychology Of Bad Decisions And How The 10/10/10 Method Helps You Overcome It

How Making Decisions Using the 10/10/10 Method Can Change Your Life

In order to understand how the 10/10/10 method works, you have to first know the psychology involved in making a bad decision. So, let us first analyze what is a ‘bad decision’.

Imagine that you are suddenly presented with an opportunity to invest in a particular stock that your broker said will double in the next 3 days. But to take advantage of it, you will need to invest the money right away. Now, the prospect of doubling the money in just three days can be so tempting that you decide to bet all your savings on the stock. Then, the unexpected happens and the stock crashes in three days instead of going up. You have lost nearly all your hard-earned money.

In the above example, the decision to invest in the stock turned out to be a ‘bad decision’. And this was something you could have avoided if you had applied the 10/10/10 method. Before investing, consider the worse possibility of losing all your money and ask yourself the following question – how you will feel about your decision to invest in the stock in 10 minutes, 10 months, and 10 years.

If you think that within just 10 minutes of betting your money, you will be fretting and worried about the possibility of losing all your savings, then do yourself a favor and refrain from making the investment. If you think that in 10 months, you will hate yourself for losing all your money, then that again is a sign that you should never invest in a stock, especially one with numerous unknown underlying risks. 

And finally, if you are making a huge investment that will have an adverse impact on your life over the course of 10 years, then run away from the stockbroker and never look back. You don’t want to spend the next 10 years of your life trying to make back the money you lost from the trade.

Final Thoughts

Think about the consequences of a decision. Not just the ‘brief ecstasy’ of a hit decision. Ponder on the implications and decide whether you’ll be well off or decline. In short, train your mind to start thinking beyond the immediate result because that’s usually just based on the emotions involved at the time. While we need to take risks to succeed, learning to take calculated risks instead of reckless ones is important.

Self Improvement

Which of These 9 Types Of Intelligent Are You?

Published

on

By

When we talk about intelligence, most of the time it’s on linear terms. Either someone is intelligent or they aren’t. 

What some people refer to when they talk about intelligence, is academic prowess. “She’s very intelligent, always at the top of her class.” Other times, they refer to quick-mindedness or wit. “He always has a response to everything, quite an intelligent man!” 

There is no general consensus on what intelligence actually refers to. Then comes along the question of origin. Where does intelligence come from? Is it genetic; are you born with it? Or do you become intelligent because of your circumstances, such as going to a good school?

Psychology answers these questions in a few different theories. My favorite one is by the American developmental psychologist Howard Gardner. It’s called the Multiple Intelligence Theory. Gardner talks about how multifaceted intelligence really is, and how it interplays with what we consider to be ‘talents’.

Gardner introduced 9 types of intelligence. Most people have all types of intelligence in them, but at varying degrees. That means you’ll have some amount of intellectual capacity of all 9 types, but may be strongest in only one or two. 

You can do a quiz to find out which type of intelligence you are, and then come back here and read up about your type of intelligence.

Let’s find out about the different types! 

Understanding your type of intelligence can greatly help in self-awareness of your strengths and weaknesses and also with career choice!

Visual-Spatial Intelligence

People strong in visual-spatial intelligence are great with visualizing concepts. They also tend to have a good sense of direction. 

Architects, Artists, and Navigators score high on Visual-Spatial Intelligence

Linguistic-Verbal Intelligence

People with this kind of intelligence have an affinity for words. They’re able to use language effectively for communication and tend to be comfortable with the written and spoken word.

Teachers, Writers, Lawyers are all high on Linguistic-Verbal Intelligence

Logical-Mathematical Intelligence

You have strong Logical-Mathematical Intelligence if you’re great at handling logical operations and have always been good at Math! These individuals have a strong analytical brain and are great at problem-solving.

They’re also interested in research and empirical data. That’s why you’ll find Engineers, Scientists, Mathematicians all high in Logical-Mathematical Intelligence. 

Bodily/Kinesthetic

People scoring high in this kind of intelligence are said to have strong dexterity and motor skills. Their proficiency lies in tactile actions. They tend to be good at sports, dance, and other activities that require the brain to be fine-tuned to the body’s movements.  

They’re also great at learning things through doing rather than reading or hearing about it. That means that they learn through experiences, kinesthetically. 

Actors, Dancers, Sculptors, are all examples of professions that would require high levels of Bodily/Kinesthetic intelligence. 

Musical Intelligence

Yes, Music is an intelligence too! We think of it as just a talent, but it’s definitely an intellectual capacity. People who have music intelligence show proficiency for playing musical instruments from a young age as well as a deep understanding of rhythm and melody. 

They’re also great at remembering tunes and picking up musical patterns. They’re best at learning something if they attach a melody to it. Miley Cyrus and the Bone Dance episode — we’re looking at you!

Music intelligence is found in a wide range of musical careers, from composers to producers and artists. 

Interpersonal Intelligence

You’ve probably used the term interpersonal skills at a job interview, thinking it just means you get along with people. It’s also a form of intelligence, according to Gardner, and is much more than being extraverted. 

Somebody with strong interpersonal intelligence doesn’t just get along with everyone, they also instinctively understand human emotions. They are able to identify and relate to almost anybody, and ‘speak the language’ of human emotions fluently. This means they can recognize someone else’s emotions and take it a step further by manipulating it (for better or worse!) 

They intuitively know the motives, intentions, and desires of the people they interact with. 

Great career options for people high in interpersonal intelligence are Psychologists, Counselors, Salespeople, or Politicians!

Intrapersonal Intelligence

While Interpersonal Intelligence was all about understanding other people, Intrapersonal Intelligence is all about truly understanding yourself and being in tune with your own emotions, desires, and intentions. 

They have a high level of self-awareness and are able to accomplish success in life by truly knowing themselves. They are able to spend time day-dreaming and introspecting, and can feel enriched with quality alone time.

Philosophers, Writers, Scientists all have great intrapersonal intelligence since they are able to identify their own strengths and weaknesses and hone their skills for greater achievements. 

Naturalistic Intelligence

Simply put, if someone has a green thumb, they would score well in Naturalistic Intelligence. However, there is also much more than that. People with high intelligence in this category are able to be in tune with nature and have an affinity for nurturing and devoting time to other species. 

It explains why some people have a burning passion for environmentalism and deeply care about animals and nature while others have no capacity for it at all. 

They’re excellent at identifying patterns in nature and understanding the different ways that other species ‘communicate’. 

Unsurprisingly, people with high naturalistic intelligence are Farmers, Gardeners, and Botanists. 

Existential Intelligence

People with existential intelligence have the capacity to devote their life to deal with the abstract and the intangible. They’re in tune with the spiritual realm and can spend time pondering concepts about the universe and religion. 

Religious leaders, philosophers, astrologists all have very high existential intelligence. They have the ability to ‘look at the bigger picture’ for most of their life without getting bogged down by the nitty-gritties of the everyday. 

Continue Reading

Habits

How Reading can impact your Day to Day Life?

Published

on

book read

Reading is a healthy habit, which, if practiced daily, can change your entire life around. Do you want to know why? Through Reading, one can not only gain knowledge but also stay acquainted with the outside as well as the inside world. The best thing about reading daily is to have an isolated place for yourself in your mind, where you can run off to. Most people don’t have the patience or intention to read, and that too, daily. Though this is a habit that takes time to settle in but trust me, once it does, you would never regret it. So, here is a list of reasons why you should read daily?

Why should you read daily?

  • To gain knowledge

Once you start reading daily, and by Reading, it can be anything – you can read few pages of a novel, or a magazine, or newspaper, or even poetry – you would notice within weeks how much your knowledge regarding the outer world has improved. Through Reading, one can have clear information regarding the current affairs, and hence, stay updated.

  • To improve your vocabulary

Through Reading, you can definitely learn new words and hence, improve your vocabulary. Most people make it a habit to learn a new word from the dictionary every day, but if you read daily, you are bound to get new words and make a list of them on a notebook with their meanings, which is definitely going to be helpful for you.

  • To have a make-believe world

The most beautiful consequence of Reading is having one’s own imaginary world, where one can live a life full of magic. This is the extraordinary superpower one acquires while reading. In this busy daily life of ours, we all look for a secluded place where we can feel the essence of peace. Reading can fly you off to the imaginary land of sunflowers, daisies, and cats who can indeed talk.

  • To become more attentive

Most people lack patience nowadays. Being impatient and restless has become a severe problem in today’s world. Here, Reading can help you calm your mind and improve your observation skills. It works like meditation. In no time, you would find your mind focusing on details and becoming more attentive to events, which used to go unnoticed.

  • To reduce stress

Reading is similar to meditation, and hence, it definitely helps to reduce your stress. Books always have a calming effect on one’s mind. It takes you away from daily problems and stressful situations and helps your mind to gain stability. Not only it helps in reducing stress, but it also helps to decrease the anxiety levels of a person. 

Everyone should make reading a daily habit. One should switch off the mobile phones, turn off the television and take some time out to read. It works wonders on one’s day-to-day life and changes one person’s entire personality. Though it can be hard at first, with time, you would cherish the moments alone, reading in a corner while your mind is flying off to Narnia.

Continue Reading

Success

Post-COVID: Transformation of work Culture

Published

on

By

online meetings

The environment and situation around us promote us to adapt to change. The epidemic COVID 19 has not just changed the structure of a workplace but also changed the idea of communication between individuals. Technology has become the survival kit for many organizations as they move their offices online. Applications and communication websites such as zoom, slack, Trello have become the organization’s best friends. With the fast-growing online base, the future of companies post-COVID 19, is something that needs to be considered or discussed. Work from home scenario was first seen to be frustrating but now people seem to have become accustomed to it. Hence when they do make the shift from a virtual office to a real-time office, it is sure to transform the meaning of work culture.

Working from the comfort of your bed to a flexible job timing, you log into your meeting this work from home has become the new normal. Companies have been changing the way they function, and it has been a chaotic few months for everyone due to the corona pandemic. This has made virtual offices a reality. Trying to function at times like this has been difficult, the change has been both positive and negative, while also requiring improvements. But, going back to office spaces and resuming work, would include massive changes and adjustment from both parties. Businesses would try to survive with the conditions, while the employees would be trying to adjust to the void that COVID left behind. Going back to work would be defined differently. The definition would include people coming in and out at their preferred timings, as well as for deciding how much time they want to work in proximity with people. This means that people would come into office spaces, but with their own weekly schedule and pace. Therefore a great cultural change would take place for many industries and setups. Working form home includes the dress code of wearing pajamas and thinking of comfort, which would affect the concept of dress codes in office spaces. The idea of comfort would change the dressing culture of organizations. 

The culture of meetings and communication would have a different understanding among the organizations. Working with virtual mode to communicate for so many months meant adapting to it, and has become the most efficient way. The technology in real-time offices would just be a means of connection, and not requiring everyone to be in the same room. Not just this but the idea of meetings all together might be re-evaluated. Commuting ideas or messages would turn into email threads or chat rooms. Presentations could be shared online and interaction between people would remain in these mediums. Meetings defined this way would lead to co-working spaces being promoted by companies for their employees. Hence, the idea of buildings as an office space would change as the organizations would pay for their employees to use such spaces and would cut down on real estate for organizations. This would be different for different sectors of work, but nonetheless the culture of working in an office building would change. 

With business comes, traveling and the idea of the same would truly change. People would be more hesitant to take up traveling, and if they do they would be more careful and take precautions. Paranoia might seep in and travel to other countries would be avoided as much as possible. Further companies might even evolve traveling, by making it online. Organizations would convert meetings in other countries online and it would seem more efficient in terms of cost as well. Post pandemic companies are going to be in a crunch in terms of finance, their idea would be to survive. The ones who adapt to change and shift with time are the ones who survive, but to survive they would try to cut the extra expenses. Survival kit would also incorporate the sacking of employees. Many companies have already started to fire employees due to the sudden downfall of the economy. Various sectors are trying to survive and keep afloat, and making difficult decisions. 

Final Thoughts

Safety being a huge concern during COVID would still remain post-pandemic as well. Individuals are going to be more aware of their surroundings, and their health would be their priorities. So, when they do meet their colleagues, greetings would be different. People would be careful and social distancing would now become a part of their normal behavior. Companies too are going to take more precautions with their employees’ health. Routine check-ups would be very common, and temperatures would be checked when employees enter the buildings. When individuals open the door to enter their office they would not just be greeted by the view of their cubicles. They would also spot sanitizers placed everywhere, and trying to guess who is under the mask. Health care rules would be altered, an employee feeling under the weather would be asked to work from home. The time of the employees is monetized and hence it wouldn’t matter where they work as long as they do the required days work. Work culture would be under construction Post-COVID and only time can tell what the new look truly holds for everyone.

Continue Reading

Popular