Monthly Archives: March 2010

How economy works for a non-economist ?

A friend of mine has forwarded this message to me with header “economy 101”.  I have hard time understanding economics and how it work, especially to understand why some countries are poor and some are rich even having the same resource (human and raw materials).  I guess it is the “effective mobilization and redistribution of resource” that made the difference as shown in this article.


“It is a slow day in a small Florida town and streets are deserted. Times are tough, everybody is in debt, and everybody is living on credit. A rich tourist drives through town, stops at the motel, and lays a $100 bill on the desk saying he wants to inspect the rooms upstairs to pick one for the night.

As soon as he walks upstairs, the motel owner grabs the bill and runs next door to pay his debt to the butcher.

The butcher takes the $100 and runs down the street to retire his debt to the pig farmer.

The pig farmer takes the $100 and heads off to pay his bill to his supplier, .the Farmer’s Co-op

The guy at the Farmer’s Co-op takes the $100 and runs to pay his debt to the local prostitute, who has also been facing hard times and has had to offer her “services” on credit.

The hooker rushes to the hotel and pays off her room bill with the hotel owner.
The hotel proprietor then places the $100 back on the counter so the rich traveler will not suspect anything.

At that moment the traveler comes down the stairs, states that the rooms are not satisfactory, picks up the $100 bill and leaves town.

No one produced anything. No one earned anything. However, the whole town is now out of debt and now looks to the future with a lot more optimism.

And that, ladies and gentlemen, is how the United States Government is conducting business today”


“Pick your battle” but how?

Recently famous speaker, leadership expert and author, John Maxwell wrote an article about why one should always pick the right battle. The most important goal of this philosophy is to make sure you spend all your energy in the battle that fulfill you. He has offered five good advices on why it is always helpful to persons who practice it effectively in their life. Here is the link to the original article in his blog.

One should also realize that it takes a lot of time and practice to build a character with those 5 principles. It would be nice if we can have an easier way to know the right battle and let go the others. The strategy to find the right battle can be summed up in 3 evaluative path as shown in this illustration.

1. Character development: This is path that will lead us to our inner character or the persona that we like other to see. The world we live in is the reflection of our persona within. Therefore, one should always strive to make it stronger and better. Any battle to improve our personality should be worth fighting for.

2. Personal relationship: We may be the best person inside (in our opinion), but still it takes a lot to make other see what we want them to see. Therefore, everyone has to work on his/her relationship to understand other and to be understood. There are few people who matters the most in our life. When it comes to keeping or improving that bonding with those few, there should not be any tomorrow for reconsideration.

3. Professional path: We follow this path to build our career that will give us financial stability and recognition in the world. It is also very important as we are always evaluated based on our professional achievement (blindly). Any battle to get to our professional goal should be the one we should never miss in our life.

Life is full of battle within and outside. Next time before indulging yourself into one of those battles, ask yourself if those fight will serve your personal or professional relationship, not to mention if this is how you want to be remembered. If it is not within one of these groups, then that battle should be left alone.

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Stress Relief: Can experts opinion change you?

I was browsing through internet from google reader and found an interesting article about handling a stressful situation.  You can read it all here. In nutshell, the authors tried hard to give their expert opinions on how to stay calm in any stressful situation and summarized everything that you can do during those period into 7 steps. The magic 7 steps are:

1. Identify the cause of stress, 2. Choose your response, 3. Shake it off, 4. Face your stress source when you are ready, 5. Make a plan, 6. Take one step at a time, 7. Be realistic.

The last step “be realistic” says it all. How can yo be “realistic” when being realistic is so subjective?  What is realistic for me, may not be for you.  At the end, it is you who will be taking all those steps and the success will depend on how are you going to deliver what is told by those experts. If everything depends on you, then why to look for their opinion on your life?

It is nice to learn from others and listen to those who have thought on subject lot more than you do. Because we may not be aware of options within the realm of our knowledge. But one should never take them word by word. The answer lies inside you.  You got to trust yourself, and understand what you can do or should do.  No matter how expert someone is about anything, nobody can be more expert than you when it comes to understanding you and your instinct.

Keeping your mind open to opinion and trusting your heart is necessary to get through the difficult time. The best thing an expert can do for you, is to instill that faith about yourself. The expert could be your friend, love one or a professional counsellors.  But thinking that someone will be able to help you after putting all your trust on him/her may make things worse.  It may work as long as you are willing to give up everything you believe.  As far as I know, doing later is not easier than trusting yourself and find a solution within keeping your mind open.

And also don’t forget to stay fit.  A good exercise and healthy diet will solve more problem than you think. And it ALWAYS works for me – May not be an expert on anything, but always expert on what I am!