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Copy Cats Are Boring. Why Is It Better To Be Original?

Copy Cats Are Boring. Why Is It Better To Be Original?

Plagiarism is rampant on the internet. It’s so easy for people to copy, paste, and claim an idea as their own. Unfortunately, lots of people get away with it. Some even thrive on the labors of others. They may be able to skate by, but what are they really getting out of copying someone else’s work?

The simple fact is, you can’t learn and grow if you don’t put in the effort.

We’re all on a quest for originality

Everyone wants to be unique. Originality showcases talent, and it gives you a competitive edge. People don’t want to buy an idea that has been repackaged. New ideas sell.

The pressure to be creative in a world in which everyone is creating and sharing all the time is enormous. To complicate matters, modern life doesn’t often allow us to have the time and focus that we need to innovate. When this happens, many people have a hard time coming up with new ideas and ways to solve problems.

At the first sign of a creative blockage, people may turn to the work of others for inspiration. Sometimes this is enough to get them on track, but they may also be tempted to copy someone else’s idea so that they can get their product out on time.

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Over time, a person can develop a habit of repackaging someone else’s work instead of coming up with fresh ideas. Operating in this fashion may provide short-term relief, but it’s a formula for failure.

    Plagiarism is like skipping levels in a video game

    Imagine you’re playing a game, and you get to a challenging level. Your friend is an expert at this game, so you hand the controller off to him. He easily completes the level, but when he returns the controller to you, you find the new level almost impossible to play.

    Video games, like life, are designed so that you can only advance when you get the skills that you need. Until you are ready to move on, you won’t be able to beat the level.

    Copying is like handing off the controller. You never actually learn how to do what you need to do because someone else did all the legwork. You miss out on developing any real understanding of whatever you’re trying to do when you just copy, paste, and make a few minor adjustments.

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    Just like you won’t have the skills to make it to the next level if you let someone else do the hard work in the game, you won’t have the knowledge to carry out future assignments if you don’t put in the time on the one in front of you. You’ll be stuck living in the shadows of others’ greatness. When you’re in over your head, you’ll be more tempted to continue plagiarizing in the future.

    You can’t copy the spirit of originality

    When someone comes up with something entirely new, there’s this beautiful process that brings it into being. Their experiences combined with their skillsets produce this innovation. This is an invisible but ever-present force in new ideas.

    A copycat won’t be able to give an idea new life because they don’t have the spark. They don’t understand why a material behaves the way it does, or why this model will work for their customers better than that other one.

    The depth of understanding that comes with going through the process of discovery just isn’t there. There’s no substance, and there’s no way to grow. It’s like trying to grow a tree by starting with the trunk instead of beginning with a seed and a root system.

    Copycats can never be first in anything, either. Someone who copies has to wait for somebody else to come up with the original idea before they can remix it for themselves. No matter what you make, it’s always going to be one step behind. It’s the knockoff– the less desirable version of the original. It’s a miserable way to live.

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      Accept nothing less than your personal best

      In The Creative Habit: Learn It and Use It for Life, Twyla Tharp states:[1]

      “Our ability to grow is directly proportional to an ability to entertain the uncomfortable.”

      Instead of panicking and copying someone else’s work, embrace your discomfort and be original! It’s fine to be inspired by others’ works, but you don’t have to plagiarize. You have to believe that you can come up with your own one-of-a-kind idea.

      From the outside, there can be a fine line between being inspired by someone and copying, but if you’re the one completing the project, it’s easy to tell if you’re copying. If someone else is doing most of the work, your idea isn’t original.

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      Finding inspiration without resorting to plagiarism is not difficult. Diversifying the places from which you draw inspiration helps. Talk to others working in your field, read lots of books, and continue to consume content related to your work. This builds your frame of reference so that you can create something different.

      Becoming this well-informed is time-consuming, but it’s what will make you an authority in your field. As you learn more, you can learn to ask the right kinds of questions. Knowing what to ask leads you to come up with your own ideas.

      Plagiarism is a cop-out

      You are capable of doing profound things, but you have to give yourself a chance. No matter how tough it seems, keep striving to be an original. In the end, you’ll hold your head high knowing you’ve done something nobody has done before.

      Featured photo credit: Fancy Crave/ Minimography.com via fancycrave.com

      Reference

      More by this author

      Leon Ho

      Founder & CEO of Lifehack

      The Importance of Time Management: 8 Ways It Matters The Lifehack Show Episode 5: Taking Learning to the Next Level The Lifehack Show Episode 4: Succeeding at Business as a Woman Entrepreneur The Lifehack Show Episode 3: Why Validation is Key to Lasting Relationships The Lifehack Show Episode 2: Making the Most of the Limited Time We Have

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      Last Updated on August 20, 2019

      How to Set Financial Goals and Actually Meet Them

      How to Set Financial Goals and Actually Meet Them

      Finances can push anyone to the point of extreme anxiety and worry. Easier said than done, planning finances is not an egg meant for everyone’s basket. And that’s why most of us are often living pay check to pay check. But did anyone tell you that it is actually not a tough task to meet your financial goals?

      In this article, we will explore ways on how to set financial goals and then actually meet them with ease.

      5 Steps to Set Financial Goals

      Though setting financial goals might seem to be a daunting task but if one has the will and clarity of thought, it is rather easy. Try using these steps:

      1. Be Clear About the Objectives

      Any goal (let alone financial) without a clear objective is nothing more than a pipe dream. And this couldn’t be more true for financial matters.

      It is often said that savings is nothing but deferred consumption. Therefore if you are saving today, then you should be crystal clear about what it is for. It could be anything like kid’s education, retirement, marriage, that dream vacation, fancy car etc.

      Once the objective is clear, put a monetary value to that objective and the time frame. The important point at this step of goal setting is to list all the objectives, however small they may be, that you foresee in the future and put a value to it.

      2. Keep Them Realistic

      It’s good to be an optimistic person but being a pollyanna is not desirable. Similarly, while it might be a good thing to keep your financial goals a bit aggressive, going out of the line will definitely hurt your chances of achieving them.

      It’s important that you keep your goals realistic in nature for it will help you stay the course and keep you motivated throughout the journey.

      3. Account for Inflation

      Ronald Reagan once said – “Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hitman”. And this quote sums up the best what inflation could do your financial goals.

      Therefore account for inflation whenever you are putting a monetary value to a financial objective that is far away in the future.

      For example, if one of your financial goal is your son’s college education, which is 15 years hence, then inflation would increase the monetary burden by more than 50% if inflation is mere 3%. So always account for inflation.

      4. Short Term vs Long Term

      Just like every calorie is not the same, the approach towards achieving every financial goal will not be the same. It is important to bifurcate goals in short term and long term.

      As a rule of thumb, any financial goal, which is due in next 3 years should be termed as short term goal. Any longer duration goals are to be classified as long term goals. This bifurcation of goals into short term vs long term will help in choosing the right investment instrument to achieve them.

      More on this later when we talk about how to achieve financial goals.

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      5. To Each to His Own

      The journey of setting financial goals is an individualistic affair i.e. your goals are your own goals and are determined by your want to achieve them. A lot of times we get on the bandwagon of goal setting only to realize later on that it was not meant for us.

      It is important that your goals are actually your goals and not inspired by someone else. Take a hard look at this step at all the goals you’ve set for after this step, you will be on the way to achieve them.

      By now, you would be ready with your financial goals, now it’s time to go all out and achieve them.

      11 Ways to Achieve Your Financial Goals

      Whenever we talk about chasing any financial goal, it is usually a 2 step process –

      • Ensuring healthy savings
      • Making smart investments

      You will need to save enough; and invest those savings wisely so that they grow over a period of time to help you achieve goals. So let’s get down to ensuring healthy savings.

      Ensuring Healthy Savings

      Self realization is the best form of realisation and unless you decide what your current financial position is, you aren’t heading anywhere.

      This is the focal point from where you start your journey of achieving financial goals.

      1. Track Expenses

      The first and the foremost thing to be done is to track your monthly expenses. Use any of the expense tracking mobile apps to record your expenses. Once you start doing it diligently, you would be surprised to see how small expenses add up to a sizeable amount.

      Also categorize those expenses into different bucket so that you know which bucket is eating the most of your pay check. This record keeping will pave the way for cutting down on un-wanted expenses and pump up your savings rate.

      2. Pay Yourself First

      Generally, savings come after all the expenses have been taken care of. This is a classical mistake which almost everyone of us do. We pay ourselves last!

      Ideally, this should be planned upside down. We should be paying ourselves first and then to the world i.e. we should be taking out the planned saving amount first and then manage all the expenses from the rest.

      The best way to actually implement is to put the savings on automatic mode i.e. money flowing automatically into different financial instruments (for example – mutual funds, retirement corpus etc) every month.

      Taking the automatic route will make us lose control of our money and hence will compel us to manage in what’s left with us thereby increasing the savings rate.

      3. Make a Plan and Vow to Stick with It

      Budgeting is the best to get around the uncertainty that financial plans always pose. Decide in advance how spending has to be made.

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      Nowadays, several money management apps and wallets can help you do this automatically. It’s easy and who knows, you may just end up doing what people fail to do.

      At first, you may not be able to stick to your plans completely but don’t let that become a reason why you stop budgeting entirely.

      Make use of technology solutions you like. Explore options and alternatives that let you make use of the available wallet options and choose the one that suits you the most. In time, you will get accustomed to making use of these solutions.

      You will find that they make it simpler for you to follow your plan, which would have been difficult otherwise.

      4. Rise Again Even If You Fall

      Let’s be realistic. It’s not like the world will come to an end if you made one mistake. This isn’t called leniency but discipline.

      If you fail to meet your budget for a month, don’t give up the entire effort just like that. Instead, start again.

      Remember that flexible plans are the most realistic plans. So go forward and try to follow your financial goals as planned but if for some reason, the plan gets out of hand for you, do not give up on it just yet. This has a lot to do with your psychology rather than any material commitment.

      All you have to do is to stay on the road and vow to stay on it, no matter how much you fall down.

      5. Make Savings a Habit and Not a Goal

      In the book Nudge, authors Richard Thaler and Cass Sunstein advocate that in order to achieve any goal, it should be broken down into habits since habits are more intuitive for people to adapt to.

      Make Savings a habit rather than a goal. While it might seem to be counter intuitive to many but there are some deft ways of doing it. For example:

      Always eat out (if at all) during weekdays rather than weekends. Usually weekends are expensive. Make it a habit and you would in turn be saving a great deal.

      If you are travelling buff, try to travel during off season. Your outlay will be much less.

      If you go out for shopping, always look out for coupons and see where can you get the best deal.

      So the key point is to imbibe the action that results in savings rather than on the savings itself, which is the outcome. Focusing on the outcome will bring out the feeling of sacrifice which will be harder to sustain over a period of time.

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      6. Talk About It

      Sticking to the saving schedule (to achieve financial goals) is not an easy journey. There will be many distractions from those who are not aligned with your mission. And it would be rather easy to lose the grip over your discipline.

      Therefore in order to stay the course, it is advisable that you keep yourself surrounded with people who are also on the same bandwagon. Daily discussions with them will keep you motivated to move forward.

      7. Maintain a Journal

      For some people, writing helps a great deal in making sure that they achieve what they plan.

      So if you are one of them, maintain a proper journal, where you write down your goals and also jot down the extent to which you managed to meet them. This will help you in reviewing how far you have come and which goals you have met.

      Use this journal to write down all essential points such as your short term, mid term and long term goals, your current sources of income, your regular expenses which you are aware of and any committed expenses which are of recurring nature.

      When you have a written commitment on paper, you are going to feel more energised to follow the plan and stick to it. Moreover, it is going to be a lot more easier for you to follow you and track your progress.

      At this point, you should be ready with your financial goals and would be doing brilliantly with savings; now it’s time to talk about the big daddy – Investments.

      Making Smart Investments

      Savings by themselves don’t take anyone too far. However savings when invested wisely can do wonders and we are at that stage where we will talk about making smart investments.

      8. Consult a Financial Advisor

      Investments doesn’t come naturally to most of us therefore rather than dabbling with it ourselves, it is wise to consult a financial advisor.

      Talk to him/her about your financial goals and savings and then seek advice for the best investment instruments to achieve your goals.

      9. Choose Your Investment Instrument Wisely

      Though your financial advisor will suggest the best investment instruments, it doesn’t hurt to know a bit about them.

      Just like “no one is born a criminal”, no investment instrument is bad or good. It is the application of that instrument that makes all the difference.

      Do you remember we talked about bifurcating financial goals in short term and long term?

      It is here where that classification will help.

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      So as a general rule, for all your short term financial goals, choose an investment instrument that has debt nature for example fixed deposits, debt mutual funds etc. The reason for going for debt instruments is that chances of capital loss is less as compared to equity instruments.

      10. Compounding Is the Eighth Wonder

      Einstein once remarked about compounding,

      Compound Interest is the eighth wonder of the world. He who understands it, earns it… He who doesn’t… Pays it.

      So make friends with this wonder kid. And sooner you become friends with it, quicker you will reach closer to your financial goals.

      Start investing early so that time is on your side to help you bear the fruits of compounding.

      11. Measure, Measure, Measure

      All of us do good when it comes to earning more per month but fail miserably when it comes to measuring the investments; taking stock of how our investments are doing.

      If there is one single step where everything (so far) can go wrong, it is at this step – Measuring the Progress.

      If we don’t measure the progress timely, then we would be shooting in the dark. We wouldn’t know if our saving rate is appropriate or not; whether financial advisor is doing a decent job; whether we are moving closer to our target or not.

      Do measure everything. If you can’t measure it all yourself, ask your financial advisor to do it for you. But do it!

      The Bottom Line

      This completes the list of tips for you to set financial goals and actually achieve them with not so great difficulty.

      As you can see, all it requires is discipline. But guess that’s the most difficult part!

      More About Personal Finance Management

      Featured photo credit: rawpixel via unsplash.com

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