Project Managers manage Risk & Complexity in their assigned projects. You will agree that there are enough risks and complexities in real life! So here are a few learnings from the area of project management that we can re-apply to improve our personal financial wellbeing.
- Organized Thinking: Always have a plan and follow it. You move ahead with each action in life based on a defined plan and that is progress. Make sure that that ladder you are climbing is leaning against the right wall (Life Goal). Failing to Plan is like Planning to Fail!
- Analytical Thinking: Project managers Learn by doing to understand the impact of their actions on schedule and resources etc. One needs to keep doing experiments in life to fail small and learn big. We should regularly step back and reflect/analyze to create a better future.
- Connected Leader: Like a project manager we should make the desired connection happen in real life. We live in an interdependent world and therefore right connections lead to growth.
- The negotiation skill: Successful project managers are skillful negotiators. Life is outcome of many choices we make each day, we should negotiate for the best value option. Develop the negotiation skill to choose suitable insurance product, mutual fund, retirement product, housing loans, stocks etc. or take a help of Financial Adviser.
- Authenticity: Great project managers are straight, honest and of high Integrity. Follow same principles in the wealth creation journey. There is no short-cut, think long term to achieve Financial Thrive.
