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Nov
20

The Best Tip Ever for Personal Wealth Plans and Strategies

in Tips for Personal Success

by Renee Wittrock

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Bad advice starts early. It all starts when we are in school: the school system teaches us all to multi-task and become well-rounded. This happens for so long throughout our key learning years that it is now a universal belief that multi-tasking is good. Corporate America not only supports this ideal of multi-tasking and multi-skilled worker, that they demand it.

Multi-tasking is the Wrong Strategy

I don’t support this notion that you need to be able to do multiple things successfully at once and neither do many psychologists:

  • University of Michigan psychologist David E. Meyer says it will take more time for the brain to switch among tasks than it would have to complete one and then turn to the other.
  • When a human is assessing tasks, prioritizing them and assigning mental resources, the frontal lobes are doing most of the work, says Dr. Jordan Grafman, a neuropsychologist and chief of the National Institute of Neurological Disorders and Stroke at the National Institutes of Health. The irony, he says, is that the prefrontal cortex is the part of the human brain that is most damaged as a result of prolonged stress, particularly the kind of stress that makes a person feel out-of-control and helpless. “Multi-tasking, almost by its very nature of course, creates stress,” Grafman says. And long-term stress, in turn, is likely to make us less able to multi-task, he says.

The term “multi-task” was initially applied to the ability of computers to do more than one thing at a time; I believe that is where it should have stayed.

An Effective Wealth Planning Strategy

So, I am going to give you one of the best tips I have ever created! It is a tip for a financial plan, it is a success tip, but most of all, it is a wealth planning strategy and life planning must: Focus, dial in and go after your passion.

Why spend your precious time on something that you do not absolutely love?? Go for your dreams, your passion and what consumes your mind… live your purpose and tell me how it feels once you start.

Have you heard other tips for developing personal wealth plans and strategies? What are they? Share them with me in the comments.

1 http://www.latimes.com/features/health/la-he-multitasking19jul19,1,2049254.story
2 http://www.latimes.com/features/health/la-he-multitasking19jul19,1,2049254.story

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