Personal Finance

We have choices

Monday, August 2nd, 2010

Life is a challenge.
Every day we face problems that must be solved; issues, we are asked to take a stand on. As a free, sovereign individual, you and I are expected to make decisions for ourselves, to take responsibility for our decisions and to be held accountable for the results of our decisions. That is, we have choices.

Decision making involves making choices. Choices are value judgments, and value judgments are subjective, relativistic evaluations of our experiences. Our evaluations are not always rational although we may try to rationalize them to ourselves and others.

Economists assume that humans are totally rationale creatures. They act in their enlightened self interest based on perfect knowledge about the situation. Such creatures act to maximize the “utility” or value of their choices. If you or I acted this way, we would be the perfect “economic man/woman.”. This would make the life of economists so much simpler.

But we are not, Thank God!

We are animals, albeit, the TOP ANIMAL, on the planet. Part of our animal nature is to respond emotionally to the challenges in our immediate environment. We are biologically and psychologically programmed to make decisions that favor our survival — “the survival instinct.”

Here the economists are correct in their assumption that the “individual” acts in his/her own self interest. But, what that “self-interest” is, does not always prove to be rational. That is, it is not rational in a long term or from the “economic man or woman” perspective.

Survival is a short term challenge, while Life is a long term goal. Survival calls for action; life calls for planning.

When we respond to our immediate fears, we are responding emotionally to some perceived survival threat. “I won’t raise my hand, so I won’t be noticed.” “I really don’t think I want to go there or eat THAT food.” “No way, I’m going to New York with all that violence I see on TV.”

When we satisfy our short term wants and needs, we also respond emotionally to some perceived survival opportunity. “I just can’t miss this sale.” “That dessert looks soooo good! I’ll diet tomorrow.” “She/he has the sexiest hot bod I’ve ever seen, I’ve got to …”

Each choice we make, no matter how small no matter how apparently inconsequential, has long term consequences. Each choice sets the conditions for our future choices. Each choice is the starting point for the next challenge and next decision. This how we create our own fate, our karma. The consequences of our choices shape our attitudes toward ourselves, others and the world. The consequences of our experiences slowly form the layers of our personality. Like the rings of a tree, the layers of an onion, or the strata of the Grand Canyon, our experience form the layers of our perceptions, habits and biases. These become the standards we apply in our decision making and evaluation of our choices.

We have choices.

You have choices.

What choices are you making?

Are you still making the same old decisions? And, are you still getting the same undesirable results?

Janus says

Janus says

Understanding why and how you make your choices is the first step in learning how to make better decisions in your life.

The Janus Life Coaching approach helps you to peel away the layers of perception and begin the process of making better choices and achieving better outcomes.

Longevity

Sunday, July 26th, 2009

How long is your life cycle?

Knowing your estimated longevity is critical for taking control of your life. The Janus Life Cycle Strategy is based on  knowing where you  are currently in your life cycle and your estimated length of  life.

On a piece of paper write down the following:

The average life expectancy of an American is ____78.5____

How old am I?   (write down your age)          ___________

How long do I have to live?    (78.5 - age)        ___________

This is a rough estimate of your longevity. Your individual life expectancy may vary significantly from the average.

Knowing what you have accomplished, and what you have done to yourself so far in your life, defines who you are TODAY. This identifies the risk group you should be compared to when determining your average life expectancy.   This will give you a more accurate estimate of the time you may have to:

(1) accomplish what you set out to do with your life; and more important,

(2) take charge of your life and maybe extending your life by changing your risk group.

Remember that today is the first day of the rest of your life. That is true today and it will be true tomorrow.

When you REGISTER with Janus Life Coaching, you qualify to have FREE access to a wide range of resources to assess your risk group and begin to manage your life cycle and your life. We continue to assemble and make available resources to help our members manage their lives.

Longevity Explained

Your life cycle is the period between your conception (birth) and your death.  Normally, and the insurance industry depend on this, you will live a normal (average) life span for a person with your characteristics. Some individual life cycles are cut short by accidents or disease.  This is the tragedy of war, accidents, disease and violence.

Your normal characteristics are your genetic potential (heredity), your behavior (lifestyle), and your activity (risk exposure). Insurance companies spend a lot of money to refine their knowledge of each of these categories to determine the differences within and between categories. They then use this information to “value” the risk that you will make it average age for your classification.

Life Insurance and You

That’s what insurance companies do — they offer you the opportunity to bet against yourself living as long as is normal for people just like you. And, when you buy the contract, you are betting against yourself. You are betting that you will die before the others just like you do. They profit from this information, why shouldn’t you?

This is the financial side to knowing why the length of your life cycle is important.

Personal Responsibility and You

On the personal side, knowing what your life expectancy can be wonderful and frightening. Wonderful because it would allow you to plan your life and have greater control over how you invested and spent your time.  Frightening because knowing with certainty the time you will die would imposes  tremendous responsibility and burden on you.

Luckily, neither you nor the  insurance company know exactly how long your life cycle will be.

But wouldn’t it be helpful to know, in general terms, just how much time you have left. Wouldn’t it make you stop and consider what you are doing now with your life?  Wouldn’t it make you ask, “What do I want to accomplish in my remaining time?

People, who come through a near death experience, report themselves asking.

“What if I had died?”

“Why did I survive?”

“What have I accomplished in my life time?”

“Would I be leaving my loved ones better or worse off without me?”

Asking such questions can lead to significant changes in one’s outlook on life and behavior. You don’t need to survive a near death experience in order to ask yourself the same questions.

Janus says

Janus says

By  answering these questions for yourself, you can take responsibility for you life today .

YOU CAN CHANGE YOUR LIFE — IF YOU WANT TO!!!

REGISTER TODAY

Latest Blog Posts