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  • Make a plan or plan to fail

    The phrase “Make a plan or plan to fail” highlights the critical importance of planning in achieving success. It suggests that without a clear plan, failure is not just possible, but likely. Here’s a deeper look at this concept:

    1. Setting direction: A plan provides a roadmap. It clarifies your destination (your goal) and the route you’ll take to get there. Without this, it’s easy to get lost, sidetracked, or waste time on unproductive activities.
    2. Identifying obstacles: The planning process forces you to anticipate potential obstacles and challenges. This allows you to develop strategies to overcome them proactively, rather than being caught off guard when they arise.
    3. Resource allocation: A plan helps you determine what resources (time, money, skills, etc.) you’ll need and how to allocate them most effectively. This is crucial because resources are often limited, and poor allocation can lead to failure.
    4. Prioritization: Planning involves breaking down a goal into smaller, manageable tasks and prioritizing them. This helps ensure that you’re always working on the most critical tasks that will move you closer to your goal.
    5. Measurement and adjustment: A good plan includes milestones and metrics to measure progress. This allows you to determine if you’re on track and make adjustments if needed. Without a plan, it’s difficult to know if you’re making progress or need to change course.
    6. Coordination and communication: If a goal involves multiple people, a plan is essential for coordinating efforts and ensuring everyone is on the same page. It provides a basis for clear communication and collaboration.
    7. Motivation and commitment: The act of planning itself can increase your motivation and commitment to a goal. It makes the goal more tangible and the path to achieving it clearer.

  • Complete task with excellence

    Here are some key aspects of this mindset:

    1. Attention to detail: Excellence often lies in the details. It involves carefully double-checking work, looking for areas of improvement, and not letting small errors slip through the cracks.
    2. High standards: Completing a task with excellence means setting a high bar for yourself. It’s about not settling for “good enough,” but striving for the best possible result given the constraints you’re working within.
    3. Pride in your work: When you aim for excellence, you take personal pride in the quality of what you produce. You see the task as a reflection of your own standards and capabilities.
    4. Going the extra mile: Excellence often involves doing more than what’s strictly required. It might mean putting in extra time to research, revise, or polish your work.
    5. Continuous improvement: Completing tasks with excellence is an ongoing process. It involves learning from each task, seeking feedback, and always looking for ways to do even better next time.
    6. Resilience: Pursuing excellence can involve setbacks and challenges. It requires persisting in the face of obstacles and viewing failures as opportunities to learn and grow.
    7. Ownership and responsibility: When you aim for excellence, you take full ownership of the task. You see it through from start to finish and take responsibility for the outcome.

  • Fundrise

    Fundrise is an online investment platform that allows individuals to invest in a diversified portfolio of real estate properties. It was founded in 2012 with the goal of making real estate investing more accessible to a broader range of investors.

    Key points about Fundrise:

    1. Crowdfunding model: Fundrise operates on a crowdfunding model, pooling money from many individual investors to invest in real estate projects.
    2. Low minimum investment: Compared to traditional real estate investing, Fundrise has a low minimum investment requirement, which can be as low as $500 for some of their starter portfolios.
    3. eREITs and eFunds: Fundrise offers investments through eREITs (electronic Real Estate Investment Trusts) and eFunds (electronic real estate funds). These are diversified portfolios of real estate properties and projects.
    4. Diverse property types: Fundrise invests in various types of properties, including apartment buildings, office spaces, retail spaces, and single-family homes.
    5. Geographic diversification: The platform invests in properties across the United States, providing geographical diversification to investors.
    6. Online platform: Fundrise operates entirely online, which allows for lower costs and easier access for investors.
    7. Long-term investment: Fundrise investments are generally intended for a longer time horizon, as real estate investments can be less liquid than other types of investments.

  • One thing at a time

    Here are a few key aspects and benefits of this approach:

    1. Reduced context switching: Every time you shift your attention from one task to another, there’s a cognitive cost. It takes time for your brain to refocus and get back “in the zone.” By single-tasking, you minimize these disruptions.
    2. Improved concentration: When you’re not constantly dividing your attention, it’s easier to achieve a state of deep focus. This can lead to higher-quality work and more creative problem-solving.
    3. Decreased stress: Multitasking can be overwhelming, leaving you feeling like you’re not making progress on anything. Tackling one thing at a time can provide a greater sense of control and accomplishment.
    4. Better prioritization: Forcing yourself to choose one task implicitly requires you to prioritize. You have to ask, “What’s the most important thing for me to be doing right now?”
    5. Faster completion: Although it may feel like multitasking gets more done, single-tasking can often lead to faster individual task completion, because you’re not losing time to context switching.