What to
Do When You Don't Know What to Do?
First, are you so busy
that you have conflicting
priorities? Or do you feel
like you are
at a dead end and don’t know which way to turn?
This
distinction is important to know because one can lead to the
other.
My area of expertise is
finance so I will use some
examples that have financial implications, but it’s important
to know that the
ideas I put forward to help you answer the ‘what do you do
when you don’t know
what to do’ question will work for other life areas too.
What if you are busy
working on several business
projects at the same time? The deadline
for each of these is a week away and the financial rewards for
completing them
are significant – meaning they are worth doing and worth
doing well. At the same time,
you have your day-to-day
work activities that occupy 90% of your working day, and your family
commitments in the evening? You can
push really hard to ‘squeeze some extra time out of your
day’ for a short
while, but for how long? If you keep
running the treadmill faster and faster while simultaneously learning
to juggle
many different projects, you will sooner or later find yourself at the
dead
end, unsure which way to turn.
What’s the
answer to being too busy, or not sure
where to go from wherever you are?
Start where you are.
I know this seems
obvious, but it’s actually the
hardest thing to do. The reason we get
stuck is because we are always living in the future of ‘what
if’ or in the past
of ‘if only’. There
is a strength and
calmness that comes from right here right now. There
are many
tricks you can use to bring yourself into today – one of
them is simply to take a deep breath.
Next, you need to know
what your ideal scenario is.
If you have conflicting project deadlines, the ideal scenario is likely
not
just to complete the project rather it’s to receive the
rewards from the
successful completion. This step is
your goal. In the case of
being stuck,
you actually need a series of very small goals: the next 5 minutes, 30
minutes,
1 hour, 1 day, 1 week, 2 weeks, 1 month, 2 months, 3 months, etc.
Take out your paper and
pen and write your small
goals at the top. In my case, I use
a
series of 3 x 5 cards and keep the current one on top and with me at
all times:
on my desk, in my purse, at meetings, etc.
Those extremely valuable
tools called paper and pen
are what you need for your third step to help you answer the
‘what to do now’
question. Start writing:
pro’s,
con’s, priorities, who can help, what
are some consequences, what are some options? If
your questions
are around ‘where you’ll get money’ for a
project, for
life, or for something special then there are many tools to help
brainstorm
answers, but the most important one is the cash flow projections that
you can
do on paper or with your checkbook. Here’s
how:
Start with everything you
know about any income that
will be coming into your home or for your project.
Next,
write down all the expenses you know are coming or
associated with the project. Now you will have a current
‘picture’ of what you
have available to put towards the situation or project.
When
you put these three things together,
you will have the basis of a cash flow sheet: total income, minus total
expenses, plus any current available access to money equals a positive
or
negative bottom line.
When you have this
information, you put it together
with your first two steps (starting where you are, knowing where
you’re going)
and now knowing what you have to work with. When
you put
these three things together, you have everything you need
to start asking: How? Who? What? When?
Where?
And
these are the three simple, but not easy, steps to take to answer the
question
“what to do when you don’t know what to
do?”

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Money
expert Tracy Piercy, CFP, Founder and
CEO of MoneyMinding Inc., says, “Conventional money wisdom
will keep you
broke!” MoneyMinding
is a wealth
building system that turns conventional money wisdom upside-down. It
offers a
turn-key marketing and coaching program for advisors and their clients
who
understand the importance of incorporating values-based financial
decision
making into day-to-day financial activities.
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visit www.MoneyMinding.com
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