Principles Of The Psychology Of Wealth And Investments
Posted by: Janet Schlarbaum
Author: Erik Rosenzweig
Most of our decisions in life are motivated by whether they give us pleasure or pain. The pleasure versus pain principle can be transforming or destructive to our wellbeing depending on our understanding of how we allow it to affect our decision making. Once we understand this principle, (that is our constant avoidance of pain and our desire for pleasure) and how it works we can make choices that will transform our lives for the better.
Discipline and willpower are the only tools most of us were introduced to in the schoolroom to assist us in the creation of our lives and fulfillment of our dreams. I argue that once we understand the pleasure/pain principle we realise why we make the choices we do we - and therefore become free to create the futures of our dreams.
* Humans operate with a stronger desire to avoid pain than to gain pleasure. Therefore our desire to create wealth and have financial abundance is limited by our fear of experiencing pain should we falter on our path to a lucrative future.
* We associate activities such as saving and investing our money with pain because we are denying ourselves the instant gratification of what makes us feel good. Reframing our picture of pain to spending money can help us transform our futures! Denying some immediate material pleasures such as a new car, and instead investing in the stock market will ultimately cause us pleasure.
* We associate the steps of wealth creation such as using the equity in our homes to create a more secure financial future with pain because of our fear of potential failure. This fear of failure (pain) stops us even trying. Our constant avoidance of pain makes things harder for us in the long run, and we do not live our lives to the fullest. These lost opportunities could have given us the ultimate pleasure of financial freedom and success in the longer term if our fear of pain had not shackled us in non-action.
* We associate work with pain. Most of us are in 9-5 jobs and slaves to our mortgage and struggling to pay our bills yet we continue to do this as we think we are avoiding the pain of risk. We think that by diligently working at our jobs we have security.
We are able to change what we link pain and pleasure to and therefore re-frame our perspectives, such as linking pleasure with saving money and pain with spending money, enabling a more lucrative and independent life ahead.
The Importance of Digital Asset Management
Posted by: Janet Schlarbaum
Author: Mike Selvon
In recent years there has literally been an explosion in the types of devices and products that are available that make full use of digital technology, in order to deliver a huge selection of services and products to the market. Frequently nowadays, when people take a family picture or capture their vacation memories they are doing so with a digital camera. Other digital asset files, like videos and music, are increasingly being made available through digital downloads from the internet or via digital media, such as DVDs, CDs and MP3s.
As a result of all of these digital devices, resources and products, digital asset management is becoming an increasingly important type of specialized management knowledge. With the increase in the number of products that are now being produced by digital means and the various digital media delivery devices, companies are finding that making sure that all types of their digital assets are being correctly developed, managed, stored and archived. This is becoming every bit as important as other types of current assets a company must account for and manage.
A digital asset might be available in a number of different formats today. Such assets can be types of intellectual properties, such as book manuscripts, plays, music and even some types of videos, which can be created entirely digitally and also stored and delivered by electronic means. Digital assets might also include a vast array of digital information, which either originated through digital creation or has been converted into a digital form.
In order to help businesses that rely heavily on producing, collaborating, storing, or distributing their electronic information and files, a digital asset management system should be used. This software technology solution can assist organizations with the management knowledge it needs in order to properly handle the categorizing, cataloging, and archiving of their digital files.
Because of the investment in time and technology that companies have put into the creation of a growing number of digital projects, these high-tech works now make up an ever increasing portion of the total assets of a company. Asset management software can help to protect such assets by assuring that the valuable files can be safely and easily stored and retrieved when needed.
Another component to effective digital asset management is making sure that these electronic resources are secured through efficient and regular backup processes. Electronic asset management services are cropping up that provide technology solution options for having these assets backup off-site, often in at least two additional locations to safeguard against the loss of these files in the case of emergency or disaster.