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Seven-Bullet Monday - May 8, 2023

Here is your Seven-Bullet Monday

1. A quote I am pondering:

"Opportunities are like sunrises. If you wait too long, you miss them." William Arthur Ward

Beautiful sunrises are often so brief you must catch them at the right time to enjoy them fully. Opportunities can be equally short, so when they appear, we need to grab them before we lose them. It is often fear that holds us back, followed later by regret we didn't do it. Whenever an opportunity arises, we must ask ourselves, "What is the worst that could happen?" If that isn't too bad, we should jump right in.

2. A question I am asking myself:

What was the most interesting conversation I had this week, and why?

This question is helpful from two standpoints. What is most meaningful to me and makes me enthusiastic, and how do I do more of that? Secondly, what did the other person say or do in that conversation that made it memorable for me? Is that a skill I can learn and apply in conversations with others?

3. A book I am reading:

Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity – Kim Scott

Radical Candor originated from Kim Scott's experiences at Google and Apple, where she was figuring out how to avoid the extremes of being a pushover boss or a jerk boss. The book encouraged me to be more candid and to challenge directly, but to do it from a place of caring, or compassionate candour, as Scott calls it. Radical honesty can help us lead better, promote growth, prune where we need to prune and achieve better results collaboratively.

4. What I learnt this week

Canadian mining businesses need a lot more skilled people

The saying "if you can't grow it, you have to mine it" highlights that everything we use daily comes from agricultural sources or is mined from the Earth. Mining is among the world's least appreciated and most unfairly maligned industries. This lack of understanding has led to reduced numbers of young people enrolling in mining degrees or careers, which in turn is hampering the mining industry. Governments, educational institutions and NGOs must support miners in educating the public on the importance of mining and its attraction as a career choice.

5. The highlight of my week

Having my son, Ben, back in town for the summer holidays

Ben has just finished his third year at Queens University. After an epic road trip with friends traversing the US, he returned to Vancouver this week. I am looking forward to some fun times through the summer with Ben and my daughter Becky, playing golf, squash, tennis, and pickleball and making some fun road trips together.

6. Hugh-tips

Measure your net worth monthly

Just as budgeting and controlling spending are critical success factors for building personal wealth, so is measuring your monthly net worth. After all, the purpose of creating a monthly surplus is to build your net worth. Calculating your net worth is simple and can be done with a quick online check on your bank accounts and investments, less any debt you have. It is also good to check how your investments are performing and whether you are on track with your financial goals. The table below shows a simple way of doing that:

7. My challenge for you for this week

Learn your love language, as well as the love languages of those closest to you

Based on Gary Chapman's best-selling book, the Five Love Languages, we all give and receive love in five different ways: words of affirmation, acts of service, receiving gifts, quality time, and physical touch. Generally, one or two of those will be the most meaningful for us, so we like to receive and give love this way. Others will be different, so if we can figure out our love languages, and those closest to us, we can strengthen those relationships for a lifetime. The book is excellent, but there are also many great web articles and tests that you can use to make these principles work for you.

Have a wonderful week.

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