Tuesday, July 29, 2014

Living With Too Much Opportunity


The reason we struggle financially is that we have too much opportunity. That’s right – too much opportunity. How on Earth is that even possible?

You may feel like you need more money so that you can go on the vacation you have always dreamed of, start saving for retirement, buy a new car, redecorate the house and the list goes on. And that is my very point: because there are so many different ways to spend your money, having a myriad of choices can often feel overwhelming, and as if you do not have enough to make it all possible. 

So, how did we get here? Remember the good old days  back in college, when you had limited funds and were excited just to go out and get a few beers with friends? Now, you have moved on, had several pay raises and you are making more money. You went from only being able to afford the cheapest, most watered-down  beverage to becoming a beer connoisseur. There are more options out there than you ever imagined. Who would have thought? 

 Ok, so maybe beer isn't your thing; perhaps it is travel. In the cash-strapped days of college, you loved road trips with your friends. You would cram into the car, drive to the beach and find the cheapest hotel you could stand. But not now. These days, you take a road trip with your family, and you are looking for the Holiday Inn, or perhaps you skip driving to the local beach and instead head to a beautiful island destination. Again, you start to realize there are always "better" opportunities out there.

As we continue to make more money, we learn to see new opportunities that we never knew existed. But we don’t stop there -- we pursue them. Eventually, we’re introduced to even more opportunities. This is what makes life exciting, fun, and somehow totally overwhelming.

There is always more, but it comes at a cost when we don't add balance and satisfaction into our life. I know very happy and very disillusioned people who have plenty of money to pursue a wide range of opportunities, yet that’s not what makes them happy. Rather, it’s the way they have managed their expectations about what life is really all about.

Use these 5 questions to help you reflect on your feelings about opportunity.

1. What do you remember from the days when you had limited resources? 

2. What makes you feel like you will never have enough money?

3. Do you feel disappointed if you can't purse the newest opportunity?

4. When do you get overwhelmed by the number of directions in which you feel pulled in your life?

5. How satisfied are you immediately after pursuing a new opportunity? Rate this on a scal of 1 to 10 and then examine 5 different new opportunities. Is there a trend? If so this can be guidance for which opportunities to pursue. 

Up to this point, we have just thought about your opportunities. Let's add in your spouse; how many different opportunities do they have? Managing them becomes one of the biggest challenges in marriage, as now there are your opportunities, your partner’s opportunities and opportunities together. Oh, wait, but there is more (sorry, just had to say it): you add kids into the mix, and the number of opportunities now looks like some sort of unsolvable calculus equation. 

Here are three steps intended to help you tame your family’s opportunities and gain a sense of peace again.* 

1. Write the name of each family member down

2. In a second column, have each family member write down all the different opportunities they want to pursue. 

3. Have each member prioritize their opportunities. Each person then picks two to work toward.

*This is not to say there won't be a time for other opportunities; it is just an exercise to set direction for the time being. 

Feel free to give me a call to talk more at 980-275-1627.

Ed Coambs


Edited by Reena Arora of Arora Media, connect on Facebook
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