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Missed Fortune – Sometimes a Little Pain Is a Good Thing

Posted on | February 10, 2014

The Path of Least Resistance Goes Nowhere

Businesses and individuals should view the first quarter of the year as a period of opportunity. This is the perfect time to plan for the successes of the coming year. We do this by setting projections, establishing goals, and implementing the appropriate strategies.

If we wish to reach a higher level of success than we did the previous year, we must get an early start.

Whether we are a high level executive, or a front line employee, now is the time to plan in order to improve our bottom line.trans Missed Fortune   Sometimes a Little Pain Is a Good Thing Sometimes that improvement will involve a bit of pain. But not all pain is bad.In order to distinguish good pain from bad pain, there’s a helpful acronym we can remember. Bad PAIN occurs when we Pushback Against Ideas that are New to us.

Human nature causes us to resist change. But this particular type of PAIN actually prevents us from experiencing the good kind of growth.

To recognize those times when we’re pushing back against new ideas, we must learn to be aware of our patterns. This is especially important when it comes to identifying those patterns that have us doing the same things we’ve always done but expecting different results.

When we allow ourselves to keep doing the same old things with our money yet expecting different results, often we’ll end up losing it. How does it happen?

We might encounter unexpected market volatility or find ourselves in a higher tax bracket at retirement than we were counting on. At this point, if  we’re unwilling to make some changes, we will find themselves in serious PAIN.

Often, what keeps us trapped in these destructive patterns is the tendency to follow the path of least resistance.

Many people are content to meander through life with minimal effort yet they’re genuinely surprised when their results never change.

Meaningful growth can only take place when we choose to leave the comfort zone and to reach for new realms of success.

Growth Happens When We Raise the Bar

It’s common to have butterflies in our stomach when we are faced with new experiences. The key to getting them to fly in formation comes only through practice and improvement. Persistence is what transforms weaknesses into our greatest strengths.

One of the criteria to look for when considering whether to seize any new opportunity is whether it will cause us to stretch. We can learn to run toward the pain with anticipation because we understand that true growth is what happens once we get out of the comfort zone.

Raising the bar makes us stretch. But even when we don’t clear the bar, we grow from our striving.

When a person sets out to learn a new language, it can seem overwhelming at first. Initially, everything sounds like confusing gibberish. When we boldly step outside of the comfort zone and persist in our efforts to master the new tongue, we become capable of connecting with others in ways we hadn’t imagined.

This same principle also applies to financial planning.

Instead of following the path of least resistance, we can break free from the crowd and begin adopting the kind of financial planning strategies that offer greater liquidity, safety, and rate of return.

Many will push back against new ideas involving their money because these strategies aren’t what they were taught in their business or economics classes. But once they understand the principles and elements of sound investing, they can stop following the crowd.

This is how they set in motion the kinds of actions that lead to abundant lives.

Folks who have habitually put their retirement savings into IRAs or 401(k)s or sending extra principal money to their mortgage companies would be wise to consider whether they are following the path of least resistance.

Too often this path leads to terrible disappointment.

On the other hand, stepping out of the comfort zone and learning and living the proper strategies can position you to enjoy liquid assets safely earning a predictable rate of return.

The discomfort is short-lived. The growth and gains are real.

Learn more by visiting with a wealth architect today.

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*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

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