Other rules which apply throughout or during part of your life-cycle


One is able to identify many other rules that should apply in one's life. Here we list those we consider of major importance:

- Do not become dependent on the largesse of your spouse.

- Nurture relationships in business with like-minded people and avoid negatively-focused people.

- Be quietly competitive.

- Be kind to people with humble stations (positions) in life.

- Read up on the undisputed "Out of Africa" theory.

- Pursue happiness.

- Have no regrets upon exodus.

- Undertake a lifelong love affair with macroeconomics and the political environment.

Do not become dependent on the largesse of your spouse

Many individuals become dependent upon their spouses in a financial sense and become enslaved -sometimes in an unhappy home. If your occupation is to nurture the children ensure that your marriage contract affords you equality in terms of the family assets. If you are career-orientated, resume your career asap or when the youngest child enters pre-school.

Nurture relationships in business with like-minded people and avoid negatively-focused people

Beware of arrogant and narcissistic people; they are usually intelligent, articulate and persuasive. They journey through life with the attitude that the world owes them a good living, and ultimately destroy their lives. The first sign to look for is that they are poor listeners and never enquire about you and your family.

Be quietly competitive

You are hard-wired to compete for position in the hierarchy of business and personal life. Do it without fanfare, and never burn bridges (except with arrogant and narcissistic people) because you are bound to meet previous colleagues in the future. Some of them may be in positions that can have a bearing on your business life.

Be kind to people with humble stations (positions) in life

You will come across people almost every day that are not as fortunate as you may be. Be cognizant of the reality that they may not have had the opportunities you had to better themselves. These people are generally treated with contempt or obliviousness. Mentally project yourself into space and look down on earth; this will make you realize that we are all diminutive and make only a small contribution to society. You have no reason, even (or especially) if you are well on your way to, or have already achieved, your FSG, to feel superior. Kindness begets kindness, joy and helpfulness (humble stations are usually service positions).

Read up on the undisputed "Out of Africa" theory

The Out of Africa theory postulates that a small group of Africans left Africa 70 000-80 000 years ago and populated the world. There is ample evidence [archaeological, mitochondrial (female) DNA, phylogeographic, palaeontological, etc.] that the small group left what is now Ethiopia / Djibouti and crossed the sea (then at a lower level) into what is now Yemen. From there they spread across the world. It has also been suggested that human skins became lighter in colder climes because of the less harsh sunlight and in order to produce the body's required amount of vitamin D (which is produced by the skin).

Pursue happiness

Happiness is a choice, a state of mind influenced by myriad factors of which financial health is a significant contributor. Self-actualization is the ultimate human accomplishment (according to Maslow) and can only be achieved with a strong financial state of affairs. In the next section we present a synopsis of a body of research on the life-cycle of happiness.

Have no regrets upon exodus

This rule fits snugly with the pursuit of happiness. It may seem an obvious one. However, what is not so obvious is the principal regrets people have during their last days on earth. An Australian palliative care nurse, Bronnie Ware, recorded the five principal regrets people have in their last twelve weeks:

- "I wish Id had the courage to live a life true to myself, not the life others expected of me." This is the most common regret of all, and is based on choices made resulting in many unfulfilled dreams.

- "I wish I hadn't worked so hard." Every male patient expressed this regret; they had missed out on their children's youth and their partner's companionship.

- "I wish I'd had the courage to express my feelings." Most people suppress their true feelings in the interests of keeping the peace with others, i.e. do not reach their potential and thereby settle for a mediocre existence. The consequence can be bitterness and resentment and possible resultant ill health.

- "I wish I had stayed in touch with my friends." Most people are so busy with their lives they lose touch with old friends; they miss these friends when dying.

- "I wish I had let myself be happier." As we stated above, happiness is a choice. Most people worry about the future, have a fear of change and follow their old patterns and habits, i.e. remain in their "comfort zone". This is reflected in their emotions and physical lives. They pretend to themselves and to others that they are content.

Undertake a lifelong love affair with macroeconomics and the political environment

As stated often before, undertake a lifelong love affair with macroeconomics and the political environment. These disciplines provide the framework for investments. Investment returns are driven by earnings and earnings are driven by:

- Domestic demand (DD) [= consumption expenditure (C) plus fixed investment expenditure (I) = gross domestic expenditure (GDE)].

- Net foreign demand (NFD) [= foreign demand for local goods (exports: X) less local demand for foreign goods (imports: M) = trade account balance (TAB)].

- The above make up the expenditure on gross domestic product (GDP).

Thus, the macroeconomy (i.e. the economy seen broadly) is represented by:

DD = C + I = GDE. NFD = X - M = TAB GDE + TAB = GDP (expenditure on).

< Prev   CONTENTS   Next >