Congratulations! You finally got that raise or promotion or landed that new job. Now, will you be a victim or a master of Parkinson’s Law?
Sadly, there are many victims and few masters but the good news is that just becoming aware of Parkinson’s Law can put you on the path to mastery.
So, what the heck is Parkinson’s Law?
Parkinson’s Law comes to us from British author and satirist Northcote Parkinson. The original version stated that “work will expand to fill the time available for its completion.” This version of Parkinson’s Law explains why we always seem to complete a task at or very close to the deadline for its completion. Essentially it says; to increase efficiency, set shorter deadlines.
The version of Parkinson’s Law I want to focus on here states that “expenses will rise to meet income, unless vigorously resisted!”
If you’ve ever gotten a raise, a promotion or a new job where you made more money and within a very short period of time realized that your budget was just as tight as it was before, then you have experienced being a victim of Parkinson’s Law.
Have you heard about lottery winners who won millions but are broke within a couple of years? They are also victims of Parkinson’s Law.
Lots of victims, very few masters! So how does one master Parkinson’s Law? The key is to “vigorously resist” it. In other words we have to break Parkinson’s Law and that is not an easy thing to do!
Just like setting shorter deadlines to increase efficiency of time, we have to set rules to limit the expansion of expenses to increase our financial efficiency. To prepare for the next time you get that raise, promotion, new higher paying job or any other kind of financial windfall, decide right now what your limits will be.
Maybe your rule is 50%. You will take 50% of any increase in income or any windfall and immediately put it into your savings bucket. The other 50% is yours to spend! Or maybe your rule will be 80% – 20% or 75% – 25%. The specifics of your rules are less important than setting your rules now, well in advance of the raise, promotion, new job or windfall. It just makes good sense, right?
This is what it means to “vigorously resist” Parkinson’s Law. This is how you become a master of Parkinson’s Law and not a victim of it. If you follow this super simple guideline, you find yourself magically becoming wealthier and more financially empowered as the years go by.
Once you’ve mastered Parkinson’s Law, the next big decision you have is where all that money you are saving should live. Savings account? CD? 401K? IRA? Under the mattress? There are so many options and so many opinions out there it can be difficult to sort out what to do.
That’s where I can help. I offer a free “Financial Health Quick Audit.” In a 15 – 20 minute phone session, I will review your current assets, liabilities and savings strategy and give you a score for Efficiency, Control and Safety (The X Factor) as well as a number of other benchmarks such as a diversification score, Interest in/Interest out score and safety ratio.
Click on this link to access my TimeTrade calendar and schedule your Quick Audit today…
“I know you’re out there. I can feel you now. I know that you’re afraid. You’re afraid of us. You’re afraid of change. I don’t know the future. I didn’t come here to tell you how this is going to end. I came here to tell how it’s going to begin. I’m going to hang up this phone and then I’m going to show these people what you don’t want them to see. I’m going to show them a world…without you. A world without rules and controls, without borders or boundaries; a world where anything is possible. Where we go from there is a choice I leave to you.”
– Neo’s phone message to the Machines. The Matrix Movie, 1999
Red pill or blue pill? Knowledge is power. Ignorance is bliss. Harsh reality versus comfortable delusion. Which is freedom, which is slavery? Does it matter? These are the powerful questions the movie is asking us to think about.
I admit it, I love the Matrix movies. I own all three dvd’s and I have a Matrix marathon at least once per year. In the movie, the machines (technology) have taken over and are raising crops of human beings that are used as batteries to provide an unlimited energy source for the machines, but most of the humans don’t know what’s going on because they are “jacked-in” to a virtual reality world where they go to work, drive around in cars, eat out, take vacations, etc. They are blissfully ignorant that their entire lives are a delusion; a delusion hiding the reality that they are slaves.
If we replace the idea of machines with banks, mega corporations, politicians and energy with money, the super sci-fi Matrix movie can suddenly hit a little too close to home.
Banks and mega corporations, in cahoots with governments world-wide, have taken over the world. They are raising crops of human beings (school systems, colleges, universities) that are used to provide an unlimited source of energy (money). Most of the human beings don’t know what’s going on because they are “jacked-in” to a virtual world (main stream media, social media, reality TV, sports, advertising, propaganda, etc.) where they go to work every day, drive around in cars, eat out, take vacations, etc. They are blissfully ignorant that their entire lives are a delusion; a delusion hiding the reality that they are slaves.
Well, that’s not a very happy thought…
Don’t despair! In the movie, there are human rebels who can jack-in to the matrix, but remain aware that it is an illusion. Because they are aware of the delusion they are able to accomplish extraordinary feats within the matrix. For the rebels, it all begins with the question, red pill or blue pill? It’s the same for us. At some point, we must choose to see the delusion for what it is, or choose to stay lost within it, blissfully ignorant.
If that was all there was to it, the status quo could go on indefinitely, but let’s not forget Agent Smith. Agent Smith is the virus in the program, the fatal flaw, that left unchecked, will bring down the machines, the matrix and destroy all the unknowing humans too. In the movie, in order to defeat Smith, and save themselves the machines must change. They must embrace and make peace with free human beings – they must find a way to work together to create a system that allows freedom to all who wish to pursue it. Time is of the essence. Smith is growing too powerful to control. The end is near. Choices must be made.
Our own version of the matrix, the financial system, is also endangered by fatal flaws, quickly becoming too powerful to control – excessive debt, money printing, market manipulation, corruption. It’s not if, but when, these “viruses” will destroy our matrix, and the lives of millions of unknowing human beings along with it. Time is of the essence. The end is near. Choices must be made.
I want to show you a world without… them. I can’t tell you how exactly it will end – no one can, but I can tell you how it begins. Where it goes from there is a choice I leave to you.
You can opt out of dealing with banks and Wall Street and work within the system to free yourself and your loved ones and prepare for the coming storm. This is all totally possible, but first you must make a choice. Will it be the red pill or the blue pill?
Request a Free Financial Analysis Now…