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Productivity maybe . . . but for what purpose?

Productivity maybe . . . but for what purpose?

Why choices about what to do with the time and effort you save are more critical

    One reasonable definition of increased personal productivity is creating the ability to do more with less effort and in a shorter time. Nothing wrong with that — at least until you ask what you will do with the time and effort you have saved.

    Not so many years ago, many people — including governments and businesses — thought that a rapid increase in individual and corporate productivity would lead to an explosion of leisure time; that we would all be working only two or three days each week, with the rest earmarked for leisure. There were concerns about how people would spend all this free time, and whether it would produce fresh possibilities for businesses, or some kind of social unrest.

    We know now, of course, that it didn’t happen. Far from working less, people are working even longer hours, despite all the increases in productivity over the past few decades.

    Why didn’t it happen?

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    I think the answer lies in the question that I started with: what do you do with the time and effort saved by increasing your productivity? Do you spend it; and, if you do, what do you buy?

    That question remains critical for all of us.

    The rise of consumer-driven economies . . .

    One way of spending the time and effort saved by greater productivity, of course, is to produce still more. That’s become the orthodox approach. As productivity rises, you don’t allow employees to work less, you use the effort freed by improving processes and systems to add to production. By this definition, for an organization to be more productive means to increase output indefinitely; preferably reducing unit costs at the same time. In personal terms, it means doing more and more and increasing your earnings as a result.

    Where is all this extra production to go? People must buy it to keep the whole cycle in place. That’s what has produced a society in which people work longer and harder in order to buy more; and an economy that depends on this process continuing — even increasing. If growth is driven by consumption, consumption must increase — not just by increasing overall wealth, but by encouraging all of us to buy more and more, regardless of need.

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    Of course, one way to speed up the process is to make credit as easy as possible, so that mere income no longer limits what people can buy. We’re seeing the result of that answer today, and it isn’t very comfortable.

    . . . increases the need for consumption-driven individuals

    At an individual level, the same process drives those who work long hours to increase their income; then spend it on consumer goods and expensive, designer labels. In many cases, the possession of the latest, flashiest, and most expensive product becomes an end in itself: a display of personal power and success, much like a peacock spreading its magnificent tail to demonstrate dominance. It has to be this way, since all the time allocated to working and earning leaves no time for spending money on vacations or leisure time or anything that cannot be purchased in an instant.

    Easy credit allowed such people to leverage their spending power, running up huge debts in the process. Some did it for display, others as a means to earn still more by riding on the back of the explosion in house prices. Then still more people copied them, especially by buying real estate, whether as a home or an investment.

    For a while, they were all the darlings of the economy: the driving force behind boom times for corporations and shareholders. Now things have gone wrong, there are fears that, by stopping such manic spending, consumers will drive world economies into a painful recession. If people don’t consume, companies can’t produce, and the entire cycle comes to a halt.

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    It’s all about choice

    Let’s bring this down to the personal level. Suppose you increase your own productivity, either by using one of the many techniques available or just by becoming more focused and better organized. You can now do what you used to do in less time and with less effort.

    What will you do with the “savings?”

    • You can “spend” them — by working just as much, or more, and increasing your monetary earnings. You will then have more cash, but still less time to enjoy it: the typical position of most people today. This answer honors the notion built into the Puritan Work Ethic that idleness causes moral hazards and work is good in itself. It’s what the US economy has become dependent upon.
    • You can spend them on leisure. You can keep your output (and probably your earnings) at the same level and devote the extra time to something else, whether that’s pleasure, volunteer activities, family time, or simply hanging out and enjoying life. Some people will label you as idle and lazy, but you don’t have to accept either description. Your choice will, however, depress activity in any consumer-based economy — and the earnings of a good many corporations as a result.
    • You can save them. Yes, you can “bank” your extra time — even invest it.

    How do you do this? By allocating the time to something that will bring you “interest” in terms of future increases in earnings, productivity, or enjoyment.

    This something is called learning. Time spent on learning will improve your ability to do whatever you choose in the future. It’s the equivalent of a corporation using productivity savings to finance research and development that will itself result in new products and fresh ways to become still more productive.

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    That won’t help the consumer sector of the economy in the short-term, but it will boost long-term creativity and add to activity in the education sector. It will also likely improve the chances of the nation leading the next wave of economic activity, based on products that haven’t yet been invented.

    Think about it carefully

    The choice of how we spend our productivity savings is crucial for the way we will live in the future, both at the personal level and for society as a whole. It’s worth taking some time to think about it quite carefully.

    As with all savings, there will always be people eager to take what you have and use it for their own short-term gain. My strong suggestion is that you hold on and make your own decision. As today’s financial woes have shown, jumping into simple answers and spending productivity gains right away can leave you with an almighty hangover.

    Photo credit: Artful Scribe at Morguefile.com

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    Last Updated on November 15, 2018

    Success In Reaching Goals Is Determined By Mindset

    Success In Reaching Goals Is Determined By Mindset

    What do you think it takes to achieve your goals? Hard work? Lots of actions? While these are paramount to becoming successful in reaching our goals, neither of these are possible without a positive mindset.

    As humans, we naturally tend to lean towards a negative outlook when it comes to our hopes and dreams. We are prone to believing that we have limitations either from within ourselves or from external forces keeping us from truly getting to where we want to be in life. Our tendency to think that we’ll “believe it when we see it” suggests that our mindsets are focused on our goals not really being attainable until they’ve been achieved. The problem with this is that this common mindset fuels our limiting beliefs and shows a lack of faith in ourselves.

    The Success Mindset

    Success in achieving our goals comes down to a ‘success mindset’. Successful mindsets are those focused on victory, based on positive mental attitudes, empowering inclinations and good habits. Acquiring a success mindset is the sure-fire way to dramatically increase your chance to achieve your goals.

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    The idea that achieving our goals comes down to our habits and actions is actually a typical type of mindset that misses a crucial point; that our mindset is, in fact, the determiner of our energy and what actions we take. A negative mindset will tend to create negative actions and similarly if we have a mindset that will only set into action once we see ‘proof’ that our goals are achievable, then the road will be much longer and arduous. This is why, instead of thinking “I’ll believe it when I see it”, a success mindset will think “I’ll see it when I believe it.”

    The Placebo Effect and What It Shows Us About The Power of Mindset

    The placebo effect is a perfect example of how mindset really can be powerful. In scientific trials, a group of participants were told they received medication that will heal an ailment but were actually given a sugar pill that does nothing (the placebo). Yet after the trial the participants believed it’s had a positive effect – sometimes even cured their ailment even though nothing has changed. This is the power of mindset.

    How do we apply this to our goals? Well, when we set goals and dreams how often do we really believe they’ll come to fruition? Have absolute faith that they can be achieved? Have a complete unwavering expectation? Most of us don’t because we hold on to negative mindsets and limiting beliefs about ourselves that stop us from fully believing we are capable or that it’s at all possible. We tend to listen to the opinions of others despite them misaligning with our own or bow to societal pressures that make us believe we should think and act a certain way. There are many reasons why we possess these types of mindsets but a success mindset can be achieved.

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    How To Create a Success Mindset

    People with success mindsets have a particular way of perceiving things. They have positive outlooks and are able to put faith fully in their ability to succeed. With that in mind, here are a few ways that can turn a negative mindset into a successful one.

    1. A Success Mindset Comes From a Growth Mindset

    How does a mindset even manifest itself? It comes from the way you talk to yourself in the privacy of your own head. Realising this will go a long way towards noticing how you speak to yourself and others around you. If it’s mainly negative language you use when you talk about your goals and aspirations then this is an example of a fixed mindset.

    A negative mindset brings with it a huge number of limiting beliefs. It creates a fixed mindset – one that can’t see beyond it’s own limitations. A growth mindset sees these limitations and looks beyond them – it finds ways to overcome obstacles and believes that this will result in success. When you think of your goal, a fixed mindset may think “what if I fail?” A growth mindset would look at the same goal and think “failures happen but that doesn’t mean I won’t be successful.”

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    There’s a lot of power in changing your perspective.

    2. Look For The Successes

    It’s really important to get your mind focused on positive aspects of your goal. Finding inspiration through others can be really uplifting and keep you on track with developing your success mindset; reinforcing your belief that your dreams can be achieved. Find people that you can talk with about how they achieved their goals and seek out and surround yourself with positive people. This is crucial if you’re learning to develop a positive mindset.

    3. Eliminate Negativity

    You can come up against a lot of negativity sometimes either through other people or within yourself. Understanding that other people’s negative opinions are created through their own fears and limiting beliefs will go a long way in sustaining your success mindset. But for a lot of us, negative chatter can come from within and these usually manifest as negative words such as can’t, won’t, shouldn’t. Sometimes, when we think of how we’re going to achieve our goals, statements in our minds come out as negative absolutes: ‘It never works out for me’ or ‘I always fail.’

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    When you notice these coming up you need to turn them around with ‘It always works out for me!’ and ‘I never fail!’ The trick is to believe it no matter what’s happened in the past. Remember that every new day is a clean slate and for you to adjust your mindset.

    4. Create a Vision

    Envisioning your end goal and seeing it in your mind is an important trait of a success mindset. Allowing ourselves to imagine our success creates a powerful excitement that shouldn’t be underestimated. When our brain becomes excited at the thought of achieving our goals, we become more committed, work harder towards achieving it and more likely to do whatever it takes to make it happen.

    If this involves creating a vision board that you can look at to remind yourself every day then go for it. Small techniques like this go a long way in sustaining your success mindset and shouldn’t be dismissed.

    An Inspirational Story…

    For centuries experts said that running a mile in under 4 minutes was humanly impossible. On the 6th May 1954, Rodger Bannister did just that. As part of his training, Bannister relentlessly visualised the achievement, believing he could accomplish what everyone said wasn’t possible…and he did it.

    What’s more amazing is that, as soon as Bannister achieved the 4-minute mile, more and more people also achieved it. How was this possible after so many years of no one achieving it? Because in people’s minds it was suddenly possible – once people knew that it was achievable it created a mindset of success and now, after over fifty years since Bannister did the ‘impossible’, his record has been lowered by 17 seconds – the power of the success mindset!

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