The Law of Diminishing Returns… Kind Of

So, I don’t remember what math class I learned about the Law of Diminishing Returns. Probably Pre-Calculus or Calculus. That’s a moot point. The point is that, today, while I was driving, I realized that speeding is pretty pointless. I was driving to a place 46 minutes away. I’m often the kind of driver who tries to figure out how to beat the clock. Where can I cut corners (either in speed or backroads) to get where I’m supposed to get anywhere from 2 – 5 minutes earlier?

Today, I did the math and it hit me. By speeding, I’m not really making a sizable dent in my time and I’m risking a lot more. In order to go 20 more miles in an hour, I have to consistently drive 20 miles over the speed limit. That 20 mph could very well lose me my license, ultimately costing me in insurance and Uber/Lyft fees. That being said, anything above 10 mph is a risk that isn’t really worth it.

Apply that to your life: Are you staying awake just to stay awake? Are you in the gym just to be in the gym, hours pas the point of productivity? At a certain point, you’re putting out more bull🤬 than quality thoughts. That bull🤬 is a liability to your brand. So, do the responsible thing. Push yourself to a reasonable point, get some rest, and go at it hard again. But make sure you go at it after you rest.

 

Make efficiency a priority.

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Financial Education: Time for Reform

Generally, my #FinancialFriday posts are related to what we can do as young professionals to better ourselves financially.  But this time, I want to focus on how we can help the next generation not make the mistakes some of us made.   Too many people are living paycheck to paycheck and depressed because of poor decisions we made, ignorant of the fact that it would come back to haunt us years down the road.

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The other day, I saw the tee shirt above on Pinterest and I thought to myself, “I never use this algebra or calculus that they forced upon me but I sure did need some education on practical math like how high your interest rate will be if you don’t pay your credit cards on time.”  I say that to say this: We have to make sure our children are being educated properly.  And not just our children but also those who aren’t fortunate enough to have financially astute parents.  I was one of those kids.  Growing up, money was a taboo subject in my house.  My parents were likely trying to protect my siblings and me but it backfired on two out of the three of us and now we’re working to get back into stable financial positions.  It is being done but imagine if schools taught math that we would actually need in the future?  There would be less poverty and more sharing of wealth.

Knowledge is power.  What tools are we going to give the next generation?