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Seven-Bullet Monday - July 31, 2023

Here is your Seven-Bullet Monday

1. A quote I am pondering:

“Never assume that the person you are dealing with is weaker or less important than you are.” – Robert Greene

The quote is one part humility and the other part respect in all interactions. We should consider the people we encounter as equals, regardless of their perceived strength or importance, and, finally, we should not underestimate them.

2. A question I am asking myself:

What does my financial future look like, based on my current trajectory?

This is a healthy exercise for me, taking a good hard look at how my monthly spend-to-income ratios have been and how my net worth is trending.

3. A book I am reading:

Outlive: The Science and Art of Longevity – Peter Attia

I highly recommend this book – it is so good I’m listening to it twice on the trot. It’s a manual on how to outlive – both in extending our lifespans and enjoying better health during our lifespans. The book has many insights on health risks, exercise, nutrition, and emotional wellness. In the final chapter, he also lifts the lid on the challenges he has had to overcome in his personal journey to emotional health, which is very moving.

4. What I relearned this week

That data can be misleading

In modern businesses, we have more data coming at us than we know what to do with. While we can’t manage what we can’t measure, we also need to scrutinize data and understand exactly what it is and isn’t telling us. The ‘five why’s” approach can be good for assessing data quality and what we should extract from it. It takes more effort, but the results will always be better than jumping to conclusions based on initial data reviews.

5. The highlight of my week

Connecting with team members at our mines and offices in NEBC

I visited two of our mines this week and our head office in Tumbler Ridge. It was exciting to see all the workstreams underway, each growing and strengthening our Company uniquely. There were many great conversations too, and the generation of some excellent new ideas that will take shape in the second half of this year.

6. Hugh-tips

Banks are not your friends

When banks charge 20% or more on credit cards and pay less than 3% on deposit accounts, they make fabulous profits at their customers’ expense. Hopefully, you are not caught by credit card rates, but it is a reminder always to keep credit accounts paid and avoid hefty interest bills. There may be some hard choices to make to get out of credit card debt, but if you don’t extract yourself, it is a surefire way to erode your net worth rapidly.

7. My challenge for you for this week

Practice reframing

No, I am not talking about reframing your pictures or artwork. For this week’s challenge, try focusing on ‘reframing’ how others perceive and feel about you. Take one or two interactions with people you care about, and then put yourself entirely in their shoes and think about how those interactions felt to them, in their world, and how they relate to you. If you truly put yourself in their shoes, it can be a real eye-opener and show you better and more caring ways to show up in that relationship.

Have a great week.

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