When the cost of failure is high, optimism is the wrong strategy. Protect yourself with Optimal Thinking.
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OPTIMAL THINKING PROTECTS YOU
FROM FINANCIAL DESPAIR
By Rosalene Glickman, Ph.D. probability of failure is high, optimism is cost of duplicating records is not prohibi- the wrong strategy. tive, it is common practice for companies Many people jump into get-rich-quick to establish back up systems. The most schemes, create ruinous debt, and fail to Optimal Thinkers eliminate unnecessary prudent companies back up their records employ solid strategies that serve their best disappointment, because we entertain and house them in external facilities in interests. So what really happens to disap- realistic expectations. We accept what is out case of fire, flood or earthquake. In such point and frustrate these people? How do of our control, and focus on optimizing instances, where employees are unable they sabotage their financial success? issues within our control. We explore our to gain access to the company’s premises, options and make the optimal choice from Many positive thinkers judge, suppress, and damages are significantly reduced. realistic alternatives. Instead of hoping for ignore negativity. They may have legitimate When evaluating risk, the probability the best, Optimal Thinkers embrace reality concerns about a business venture but and cost of failure (including the ability and ask: “What are my/our options?” choose to ignore them. You have probably to cope with the consequences) must “What’s the best thing I/we can do under heard these people say, “I don’t want to be weighed against the cost and benefits the circumstances?” When the stakes are hear any negativity!” These people are of prevention. high, we employ an optimal contingency afraid to face the truth. plan against the worst-event scenario to min- Negative thoughts and feelings are not imize danger and negative consequences. ROSALENE GLICKMAN, Ph.D. resolved when we suppress, deny, or Have you participated in a conversation is the creator devalue them. We simply function with where positive thinking has become wishful and best-selling layers of unresolved problems and thinking? Here is an example: author of compromise our choices, morale, productivity, and teamwork. Applying Warren: I am having sleepless nights. Optimal paint over rust doesn’t remove the rust. I’m worried about buying this property with Thinking an interest-only loan. (Wiley). She So how can we give ourselves the best is President of chance of success? Use Optimal Thinking, Wishful Wendy: Just stay positive and The World Academy the language of our best self! Instead of everything will turn out fine. of Personal Development Inc., a Los applying paint over rust, Optimal Thinkers Now let’s experience the difference when Angeles, California training and consult- acknowledge the rust, treat it, and then two Optimal Thinkers confront the same ing firm. Dr. Glickman has provided apply the best paint. We respect negativity, issue: consultation and training for individuals seek to understand it, and immediately ask the most constructive questions in order to Jack: I am having sleepless nights. I’m and organizations including Warner find the best solution. worried about buying this property with Bros., Johnson & Johnson, U.S. Army, an interest-only loan. What is the best thing Young Presidents’ Organization, BP, Do you know people who believe that their Internal Revenue Service, and Bristol- I can do? dreams will be achieved by a magical divine Myers Squibb. She has been repeatedly process that is triggered by the intensity of Ralph: What’s the worst thing that could honored by the media as “Australia’s their faith? Armed with unrealistic expecta- happen? What do you think is your best Most Successful Woman.” She is the tions, such optimists approach life with a strategy if the worst occurred? How can you recipient of the “Woman of the Year” false sense of security, and are ill prepared minimize your risk? What are the most award for National Business Women’s for negative consequences. constructive actions you can take under the Week in Hollywood. current circumstances? In today’s heated real estate market, many investors employ wishful thinking. These So how does Optimal Thinking protect the This Optimal Thinking woman has optimistic thinkers have convinced them- best interests of businesses? Most compa- been featured on Bloomberg TV, Fox selves that real estate can be evaluated with nies understand that data loss caused by News Channel, New York Times and unrealistic criteria. They assume that prop- computer hardware failure is costly and Association Management Magazine. erties can be bid up to any level, and will can even be catastrophic. The probability For more information, visit remain there. When the cost of failure or of such failures is also considerable. As the http://www.optimalthinking.com.