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Tuesday, June 7, 2022

Bet On The 'LONG PLAY'

Bet On The 'LONG PLAY'

Betting is NOT an issue in life as long as betting does NOT 'TAKE OVER' your life.  Frankly, as long as one's gambling does NOT become CHRONIC impacting your finances, your family and your life, then that's fine.  But again the 'BEST BET' has always been to Bet On The 'LONG PLAY'.  So, what exactly does this mean?

To be precise and brutally frank, many of those I've known to be so deeply embedded with betting have a common denominator.  And that is to WIN BIG and that has to happen in the near, short term.  Too bad, even in the non-gambling aspects of our life, we tend to be influenced by that betting mindset.

Many times, PLANNING SEEMS EASY, as if to decide what you'll take for lunch is as simple as planning for your future.  But no folks.  More frequently, planning is DIFFICULT.  From lack of resources to lack of vision , not knowing where to start things and even how to start, all these make planning unpredictable.  But to Bet On The 'LONG PLAY' is not rocket science.  When to plan for the short-term versus the long-term is all that matters then.
Clearly, short-term goals should be limited to a career goal like job hunting, academic goals like taking a marketing course, a personal development like registering to join a gym or financially, to pay off debt.  Definitely those are for the short termn.  Now, to bet on the LONG PLAY could include a career goal like building up your business, an academic goal like enrolling for a master's degree in an Ivy League school or a personal development to learn a foreign language.
 
Worth quoting Ingvar Kamprad, the IKEA founder who said "IMPORTANT TO THINK WHERE WE SHOULD BE IN 200 YEARS".  Of course that is hyperbole but in essence, this tells us, planning should NOT be dealt similarly across because medium and long term planning is akin to BETTING ON THE LONG PLAY✅✅✅

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