Financial Planning And Change
In financial planning, one of the most powerful value we help people achieve is through scenario planning. Scenario planning is where we anticipate when certain change or event happen, what is the impact to the person. For example, If a critical illness happens, how long can the family continue the current lifestyle after paying for treatment. If business is not well and income dropped by 50%, what will be the impact to the family, etc.
Life is like a maze, is a big maze, and it is ever changing and shifting. If we do not take some concerted effort to be prepared to deal with change, change will define us. When we are inside the maze, our vision will be limited to what is in front of us. If we have someone who can take an eagle-eye view of the maze, there will be tremendous benefits for us.
With scenario planning and anticipation on change, we will save more of our income to build up our reservoir. This is because in order to deal with change we got to have savings. Savings are like fire that can help us get through a long freezing winter, without it, we will find it tough to survive that.
Lets make that your first real financial lesson.
Adapt To Change Quickly And Enjoy It
When the pandemic hits, Tony was able to withstand it as he had been updating his business with the current technology while Steve was hit hard and nearly lost his business.
When you monitor and anticipate change early, youll find it easier to adapt to it quickly. When you can adapt to change quickly you will enjoy it, feeling happier, less stressed, and more adaptive than those who resist the inevitable. You will love testing out or coming out of your comfort zone and ready to embrace change again and again when it happens.
Youll have more time, space, and energy to embrace new outcomes that may prove even better than the old ones. Youll shift your focus from losing what once was, to gain what might someday be. Life moves on, and so do we.
You Cannot Change The Past, But You Can Learn From It. When The Same Situation Arises, You Can Do Things Differently And Become Happier And More Effective and Successful Today.
Financial Lesson #: Protecting Our Cheese
In our real life, cheese can be anything we value the most.
It can be our loved ones, our wealth, our health, our house, our car, our job, or your belief. Anything that define your life, what you stand for is your cheese. Our cheese is not going to be with us forever, we should not take it for granted. We need to have gratitude for what we have, and treasure it. Learning to protect it is also extremely important. This prevents having our cheese be lost, or taken away from us due to some unexpected events.
Theres no denial that there can be an infinite list of unexpected events in this world. While we do not have power to prevent it from happening, or order a smooth sailing life, we can control ourselves. We can control whether we want to anticipate change or just go with the flow.
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Why Did The Characters Have To Change In Who Moved My Cheese
The mice characters Sniff and Scurry are the best equipped at the outset. Theyre not surprised at the change because they noticed it happening. They stayed observant and noticed that the cheese was getting old and the pile was shrinking. Theyre ready to act because theyve stayed alert and anticipated change.
Why Is It Important To Adapt To Change
What this means is that as an employee, you must be willing to adapt as well. Adaptability opens up your mind to new ideas, makes you question status quo, and gives you the willingness to go against convention. Adaptable people arent scared of change, as they will first make necessary plans to handle it.
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Who Moved My Cheese Lesson #6
Learn to enjoy change: New experiences, discoveries, and achievements are rewarding, usually more so than continuing to do the same things.
- In the story: Once Haw started searching for new cheese, he realized he felt better just from taking action, and he soon began to enjoy the adventure he hadnt realized how complacent hed gotten from sitting around at the old cheese pile. The key to enjoying change was that he had changed first his attitude, and then his behavior.
Who Moved My Cheese Lesson #3
AdaptBe open-minded to new things: There are always experiences and opportunities available beyond those you are currently familiar with. You might like them even more than what you used to have.
- In the story: Haw found bits of new kinds of cheese , and he tried them and liked them. This gave him confidence to keep pushing forward to even better experiences.
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A Longer Analysis Of Who Moved My Cheese
Below are more details for yourwho moved my cheese cliff notes. In addition several of the best who moved my cheese quotes.
What are the goals in your life?
This book is told in the form of a short story. The central characters are two mice, named Sniff and Scurry, and two people, named Hem and Haw.
Cheese is used as a metaphor throughout the book. Cheese represents what you want in life – a good job, a loving relationship, money or a possession.
The story plays out in a maze as 2 mice and 2 people search for the people. The maze represents where you look for what you want. An organisation, family or community.
Different approaches to change
The mice, Sniff and Scurry, with their simple and responsive outlook on life have an adaptive approach to change. They expect change to happen. As such they are continuously experimenting and learning how to get the cheese.
In contrast, the two people, Hem and Haw overthink their approach to obtaining the cheese. Which in life is a metaphor for their goals and desires. They plan, scheme and think about all the ways they can get the cheese. This overthinking means that often they do not get the cheese. Their plans backfire and they get stuck in their existing situation.
Good things must come to an end
The key lesson here from who moved my cheese is to not get too comfortable with your current situation. Be aware that things are always changing. Pay attention to the bigger picture.
Don’t let fear hold you back
Visualise your goals
Who Moved My Cheese Review
This is a great book. I love stories like these. It is a management book, and many a manager has told this story to his team to inspire them, but its just as valuable for you as an individual.
It describes a simple pattern of embracing change, finding success, looking out for more change and then embracing it again, which will help you cultivate a much more optimistic attitude about life.
Really cool book!
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Who Moved My Cheese Conclusion
Although everyone resists change but change is unavoidable. So to deal with it happily, practice these steps that are mention above. Remember the story of who moved my cheese. The sooner you accept it and let go what you had for what you can have life becomes happier.
I hope after reading Who moved my cheese summary you would be able to deal with the big changes in your life. You are free to comment below to give your suggestions, recommendations and feedback.
Who Moved My Cheese Lesson #2
Let go of the past: When things change, move forward quickly. The longer you wait, the more resistance you build to moving, and the harder itll be to adapt later.
- In the story: Sniff and Scurry were action-oriented, and set off immediately to search for new cheese. It helped that they also kept things simple and didnt overanalyze or overcomplicate things by, for instance, getting hung up on what ifs.
- In the story: Initially, Haw also stayed with Hem and wished for things to return to normal. But Haw came to his senses and realized the world had changed, and he had to change with it. Later he concluded that adapting to change is easier the less you wait.
- Many people who finally muster the courage to leave a job or relationship thats not working for them, often wonder in retrospect why they hadnt made the change sooner.
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Who Moved My Cheese Speed Summary: 15 Quick Takeaways
Who Moved My Cheese? An Amazing Way to Deal with Change in Your Work and in Your Life is a 1998 book by Dr. Spencer Johnson. It details an allegorical tale about mice looking for cheese in a maze, working as an example for businessmen and women to learn how to adapt and survive changes in the economic landscape.
Financial Lesson #: Change Always Happen
The Cheese in the story is like our job, relationship, and the attachment we have to our money! These are things that we hold dearly onto, these are the thing that we could not live without. True enough, none of these things that we treasure will stay here forever, they get moved! That is why, people will lose their job, lose their customer, people we love will pass away, divorce happens, relationship sours, we lose our money to accidents, scams, irrational decision, and ill-informed decisions.
When our cheese disappeared, one of our natural response would be feeling furious about it. How could this happen?, This is not Fair!, This is thieving!, Why am I so Bad Luck?. We naturally point our fingers at many other reason and people, but rarely our initial response is to look at ourselves in the mirror. It takes time for us to embrace that change has taken place, and to accept the fact.
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Who Moved My Cheese Life Lessons
To improve is to change to be perfect is to change often. Winston Churchill
Change is a very a scary word, it is almost like a less intense cousin of death. And just like death, we all know change exists but dont think its going to affect us anytime soon. And in the process of avoiding the confrontation with change, its always almost too late to do anything that we had once dreamt of doing. And its shame too, as most of us has the talents and resources to live our dreams but rarely do our fear of change holds us back.
We have all heard of Who moved my Cheese, even if we havent read it. Its a book that tells a story of change. Its about 4 characters running around in a maze trying to locate their cheese.
Cheese in the book, is a metaphor for what we want in life, it could be anything, more money, social standing or spiritual peace. And we pursue our cheese because we think that it will make us happy and secure. And the maze represents the place where we look for cheese, workplace or community or relationships we have.
The lessons that the author of the book wishes us to acknowledge are:
- Change happens- get used to it
- Anticipate change- look for change, dont deny it
- Monitor change always keep your eyes open to newer developments
- Adapt to change quickly Embrace change, dont fight it.
- Change Become the change
- Enjoy change Live life as an adventure.
- Be ready to change quickly again!
What would you do if you were afraid?-
Who Would I Recommend The Who Moved My Cheese Summary To
The 15 year old, who got this book from a relative, but has never touched it, because he thinks its just a business book, the 32 year old accountant at a big corporation, who sometimes feels her drive for change is nipped in the bud, because structures are rusty, and anyone who likes Stuart Little.
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Smell The Cheese Often So You Know When It Is Getting Old
Monitor change! We often get comfortable in situations and tend to avoid new ones due to fear of the unknown. We are often oblivious to the small changes that are being made because we are so caught up in our comfort zone. Be wary of all that is going on rather than sitting back and letting life pass you by.
Financial Lessons From Who Moved My Cheese
In year of Rat, let us look at some story that we can learn financial lesson from rat on dealing with change and become better financially.
This is the book that has read by many, i.e. Who Moved My Cheese? by Dr. Spencer Johnson.
In this story, there is a huge maze where 4 organisms were living in it. We have two rats named Sniff and Scurry, as well as two little person name Hem and Haw. They feed themselves with the Cheese stored at Cheese Station-C daily. The cheese there is what they treasure and is all they have. Magically, the cheese will often be replenished daily so that they will not run out of cheese forever.
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Applying The Lessons About Change
As old friends at a reunion compare their lives and confess to being unsettled by change, one classmate relates the cheese story. The friends talk about which characters they resembled when experiencing change. Some lessons about change or conclusions they share from their lives are:
Lesson : Stop Thinking Too Much About Your Cheese And Start Chasing It
The two mice inside of our maze are Sniff and Scurry. They spend most of their time running up and down the corridors of the maze, looking for cheese. Turn a corner, run to the end, see if theres any cheese, and if not, turn around and go back. Thats their pattern, and, while it seems kind of mindless and unstructured, it actually saves them a lot of time and energy.
Hem and Haw, two little people, also spend their days in the maze looking for cheese, but not because theyre hungry they think finding it will make them feel happy and successful. However, because of their complex brains, they think a lot about
- how they can find the cheese the fastest
- which strategies will work best in getting through the maze
- how to keep track of those strategies
- what finding the cheese will feel like
- when theyll finally find it
and of course, they wonder if there even is any cheese in the maze at all every time they turn another empty corner.
Life is the same. Every minute you spend wondering what success looks like, how to get it, whether its possible and how youll feel in the future is a minute not spend working towards it. Humans are complicated beings, but that doesnt mean we have to make everything complicated.
Be more like a mouse and just start running!
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‘who Moved My Cheese’: Six Lessons For The Real Estate Industry
Who Moved My Cheese?, the popular change management book by Spencer Johnson, is a well-known story that leads the characters and the reader to one important key conclusion: If you do not change, you can become extinct. I cant help but see the parallel of this story and the real estate industry.
In many ways, the real estate industry is the character Hem in Who Moved My Cheese? Dead-set and historically refusing to change by ignoring the advancements of both the consumer and technology, the real estate industry is currently on its heels, reeling to figure out how this pandemic is going to change the landscape of things.
I cant help but wonder what it would look like if Johnson wrote a real estate version of the book. Calling on six lessons from Who Moved My Cheese?, this is the advice I would give the real estate industry right now:
Lesson 1: Know that change happens.
When the internet was commercialized in 1995, everything changed. Virtually every industry became more economical, efficient and streamlined except the real estate industry. Post-pandemic, technology will have radically catapulted and evolved the business of real estate. Consumers will have new needs and wants, and how they want to be serviced will change. In 2020 and beyond, its all about the consumer. Meet them at their individual points of need, not yours.
Lesson 2: Anticipate change.
Lesson 3: Monitor change.
Lesson 4: Adapt to change quickly.
Lesson 5: Change.