Author: Taking Care Of My Own Business

You got promoted

Hello, my dear reader, today I feel very powerful. So I have decided to promote you to the position of CEO. Congratulations. You are a real CEO now. Not later! Now! What do I mean by that? In this information age, our most valuable asset is our earning ability. Not “learning ability”! Lifelong learning is compulsory to stay employable. We have to continuously upgrade our skills & replace old skills with new ones. Nobody can expect lifelong employment, but each one of us can create lifelong employability. This requires a mindset change from seeing us as an employee to viewing...

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I, your employee say, “my level of engagement is the effect of a great employee experience, but ….”​

Do you feel engaged at your work? This is somehow an off-pattern post here on TACOMOB. But it totally fits into the context of Taking Care of Your Own Business – your own business of earning money by working for an organization in this case. Talking to my friends who serve their corporate duties I get the impression that most of them are quite disengaged at work. This impression got cemented when one of my friends entertained me with this glorious rant that is absolutely worth sharing with you. Here he goes: “You see, Andy, employee experience (EX) is...

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TACOMOB does include this too …

Does your work rock? Does your work sometimes feel like this?   Recognition is the fuel that keeps us going. Do you feel you are being recognized enough for what you are doing for the company by your bosses? What about by your peers? Have you recently voiced your appreciation and recognition to your teammates? Why aren’t you going the first step? For many employees, the most meaningful recognition often comes from colleagues and teammates. When employees regularly give each other shout-outs for making it easier for the team to serve the customers better, such gratitude becomes infectious and creates...

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Sunday = Ponder-day

THE GOOD LIFE IS ANYWHERE We tell ourselves that we need the right setup before we finally buckle down and get serious. We tell ourselves that we need this and that at work, a more supportive boss, more autonomy, more money, more of whatever. Or we tell ourselves that some vacation or time alone will be good for a relationship or an ailment. This is self-deceit at its finest. It’s far better that we become pragmatic and adaptable. Able to do what we need to do anywhere, anytime. The place to do your work, to live the good life,...

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Why do you try to avoid pain so often?

Do you use Alipay, payWave, Apple Pay, Google Pay, Samsung Pay or boring NETS or even Credit Cards to part with your money? Then for you making payments might hurt less than it should. The pain of paying may be the trickiest, and most ominous, of all the ways you mess up with money. Maintaining some pain of paying helps you at least consider the value of your options. The pain of parting with cold hard CASH that you can see and feel helps you pause before purchasing and consider whether or not you really should spend your money then and...

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I don’t want to feed the scammers or how to avoid the temptation of Getting-Rich-Quick-Schemes

There are people out there who want to be rich—without the risk, the sacrifice, or the delayed gratification necessary to accumulate such wealth. But you and I—logically—do not belong to that group.  Of course not! Well, in my case, that statement is a tiny bit of wishful thinking and overconfidence. Actually (though unfortunately), wanting to get rich quick is human nature, but it often leads to huge mistakes, like buying penny stocks, chasing fads, and taking “hot” tips.   Hmm, so tempting We all know that if something sounds too good to be true, it probably is. We are aware that in investing, the tortoise usually outperforms the hare. We have...

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Did you misremember that correctly?

Would you have a few minutes for some slightly deeper thoughts? Do you trust your memory? Your memories are unreliable and often flat-out wrong, especially when it comes to remembering how you felt at a certain time or place. Your ability to predict your thoughts and feelings in the future is even worse. Did you notice that your memory is egotistical? You might think it’s an accurate record of things that have happened to you or stuff you’ve learned, but it isn’t. Your memory often tweaks and adjusts the information it stores to make you look better. Everything you...

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Question time: What does your job mean to you?

Does it give you a purpose beyond that biggest addiction of them all – your monthly paycheck? Does it enable you to contribute to something bigger than yourself? Hmm, what is he trying to get at? Allow me a short detour: Happiness is not something that we can find, acquire, or achieve directly. We have to get the conditions right and then wait. Some of those conditions are within us. Other conditions require relationships to things beyond us: Just as plants need sun, water, and good soil to thrive, people need love, work, and a connection to something larger....

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Are you paying attention?

To what? – you might ask. To whatever you are somewhat interested in. We are masters in paying zero attention to what we are not interested in. All thanks to our inborn or learned biases. Regular readers of Tacomob are aware that biases are important aspects of our factual inertia. Even if we are confronted with facts that should cause us to update our understanding of the way the world works, we often neglect to do so. We persist in only adding facts to our personal store of knowledge that jibe with what we already know, rather than assimilate...

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The best things in life aren’t things

I was a bit quiet over the last 4 weeks for a reason. I went for a Mountain Biking Tour to Nepal. Living in a densely populated City-Island-State like Singapore—where driving in any direction for about 30 minutes brings you to an abrupt stop in front of the water’s edge, or even worse, every minute (perceived that is) brings you to a halt in front of a traffic light—creates urges to see landscapes not dominated by man-made marvels and to drive non-stop until one’s lungs, or that occasional goat herd or Yak demand a stop. All this can be...

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Time for some Optimism

You and I we tend to be optimistic about the future. That is not a bad thing in general.  However, this optimism might easily develop into “wishful thinking”. Too much “wishful thinking” will be harmful to you and your money.  You might be awful at managing your money when you have never been able to predict what the market will do next.  Still, this doesn’t deter you from trying to predict what the market will do next. I am not suggesting that you turn into a pessimist straight away.  That would not be meaningful in a world where far more people wake up in the morning, trying to make the...

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Ponder-worthy stuff I read last week

The best way to talk to people about money … is keeping the phrases, “What do you want to do?” or “Whatever works for you,” loaded and ready to fire. You can explain to other people the history of what works and what hasn’t while acknowledging their preference to sleep well at night over your definition of “winning.” – Morgan Housel Always be prepared … “Invest in things that have never happened before, hedge for regression to the mean, and plan for the unimaginable.” – John Burbank a Hedge Fund Manager Stick to your principles … “It’s easier to...

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Have you ever been wrong?

If your answer is yes, you are an honest chap.  If your answer is no, either you are lying to yourself or your name must be Nobody (“Nobody is perfect”).  Or you are a candidate running for president—the best any country ever had.  I would like to meet you. Being wrong is not really a subject we like to talk about.  The truth is that when we talk about mistakes, they are usually in reference to others, rather than ourselves. At least that’s what I like to do – and like to change as of today. Maybe a look into the mirror could help...

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I am so skillful, I am the greatest

An interesting week we are going through right now. The stock markets are finally providing a bit more entertainment value. Giving us a good test on another (nasty) bias that makes us do dumb things with our money: Illusion of skills. All of us have limited access to the workings of our minds and as a result, we know less about ourselves than we feel we do; still, we are not the only ones that might be suffering from this. An entire industry that largely appears to be built on the illusion of skills is the Investment Industry; particularly, those self-proclaimed “stock-picking-experts”. Often, millions of...

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Profound Question

I had lunch with an ex-colleague from my corporate-duty-days yesterday. She asked me how was it possible (sic!) to achieve financial freedom by the age of 44? Hmm, that made me think. I was not able to come up with a simple straightforward answer that could be fit into one crisp sentence that could be comprehended while munching on a bowl of uncooperative Pasta Carbonara. So afterward, I started to list down some factors that worked in my case (individual results may vary): Sleep (not too much, but regular sleep of at least 6 hours) Not smoking (not even...

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