The Maximum/Moderate/Minimum/Micro/Manifesto IV (Moderate.)
Moderation in all things – including moderation.
~ Benjamin Franklin
These outcomes almost always take much thought, planning, studying, preparation, and also usually massive effort and work.
This is the Maximum Level Approach.
As we pare things down further, these “dream scenarios,” most likely will require progressive steps, building blocks or projects.
Say you find yourself, after the accumulation of bills, mortgages, loans etc, $150,000 in debt, and you want to become debt-free.
Barring, some freakish event such as winning the lottery, or suddenly receiving a huge inheritance, you will probably have to develop a plan of action.
First, you will have to determine exactly where you will ultimately arrive (debt-free, Maximum.)
Then you will have to figure out precisely where you stand today, where you are starting from ($150,000 in debt.)
Moving things a rung downwards, a fairly large step from a maximum level event to realize this goal, would demand some additional plotting and planning.
At 150K in dauntingly, dastardly debt, we would have to view the goal post that is zero debt, accept were we are starting from, and then set objectives in the pursuit. Maybe it is in increments of $10k’s, maybe $1k’s, there really is no right way, and nobody will approach this the exact same way, as we all have and are coming from different circumstances. The important idea, and the takeaway should be that we are always looking to push forward.
Moving from 150k in debt to say 148k in debt may not be or feel very inspiring, but it is however progress.
Continuing this example, Maximum-Effort (winning the lottery, receiving a huge inheritance etc.) is the equivalent of a knockout punch, a walk-off home run, a hole in one, or just shy of it depending on your outcome (think knocking down 7 0ut 10 pins while bowling.)
Moderate-Effort is probably the most arbitrary or subjective of our four-leveled effort (Maximum/Moderate/Minimum/Micro) and is unique to not only the individual, but also the outcome or goal.
Going back to the 150K debt scenario, an example might be that one who has a yearly base salary of 100K a year, might be able to establish a budget, maybe go on a financial diet, and direct $500 per week towards destroying their personal debt.
That would be a Moderate-Effort.
Maybe another person brings home 40K per year, They also develop a budget, cut back, and designate $100 per week towards their debt.
This is also a Moderate-Effort.
More to come!