What’s Your Life Strategy?
With the COVID-19 crisis starting to wind down, you have to ask the question “What is my life strategy?” for coming out of hibernation. As the nation and world begins to determine its new normal… what values are your priority for guiding your definition of what’s important? What will become your new normal and strategy for going forward?
Your goals of getting the most out of life need to be clear yet flexible for preparing for the next challenge surely to develop. And sometimes in ways and means you can not contemplate today. Who would have foreseen the world socially and economically being turned on its head by a “flu” (or weird protein) out of China as we have recently experienced?
During a recent interview the "Oracle of Omaha," Warren Buffett, was asked about investment strategy given 2020’s volatility in the stock market. As the forth richest man in the world, according to Forbes magazine, people wanted to know his advice for moving ahead. His response was invest your resources and energy into positions you can hold for a lifetime.
Warren Buffett strongly suggests before people debate which stocks to purchase, they have to determine ahead of time if they can own their decisions for what may require decades of commitment. Those who can’t hold to a long term value decision, Buffett believes these people will buy and sell stocks at the wrong time and therefore lose their initial investment, if not more.
Owning and valuing one stock over another based on short-sidedness or current fades is a recipe for disaster. A wise investor, and their partner, have to be prepared for riding out the typical ups and downs in the market, and world events, for capitalizing on solid positions. This shared investment strategy occurs through discussion and commitment of finding shared dreams and risk tolerance levels for developing a shared financial and life game plan.
Buffett runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. He's promised to give away over 99% of his fortune. In 2019 he donated $3.6 billion, much of it to the foundation of friends Bill and Melinda Gates. In 2010, he and Gates launched the Giving Pledge, asking billionaires to commit to donating half their wealth to charitable causes.
Buffett instructs Berkshire Hathaway investors to think long term when it comes to owning and selling stocks. When it comes to life strategy matters, partners can benefit from having similar shared values and the mindset they are in it, together, for a lifetime.
Hopefully having given time and energy to getting back to the basics with the recent slow-down, its time for you to re-invest in the future. It’s your moment to decide what core values and life strategy you want to make for “holding long-term” and riding out future normal ups and downs of daily life.
Once you know what you and your partner value, you can set personal and family goals to help bring about end-results that are aligned with your values. The strategy of obtaining mutually shared individual and mutual goals provides the foundation upon which you and your partner can stand. And ride out any future storm or world upset.
Understanding and committing to the value of shared dreams and visions is a life strategy in it’s self. Working with a partner on how to safely implement the shared strategy is a skill that can be learned and perfected with focused attention. Once grounded in secure attachment of collective passions and desires, you and your partner can determine “stepping stone” type goals along the way for reaching your hearts’ desires.
Commitment to mutual values allows flexibility to adjust short term goals on the fly as you keep your eyes on the long term objective. Between partners-deciding who you are and how you live your daily routine is a life strategy that can be held for decades. Your life strategy becomes clear when you safely connect for finding mutual areas of common interest and shared values.
