Have you identified your own highest values? When I first completed John Demartini’s values determination exercise I shone a light on something I’d been focusing on for years without recognising it as one of my highest values – that being the hunger for continuous growth, learning and becoming the best version of me in each area of life.
With this value front and centre, there was a Darren Hardy message this week about wisdom that really resonated with me and I felt compelled to share it. More on that shortly.
First, here’s what Chris and I have been working on the last few days – this week we have invested time in developing our model for packaged serviced accommodation units and viewing a few potential properties. We have also been getting ‘our house in order’ from an admin perspective and crafting a vision of opportunity for an Operations Manager in anticipation of recruiting for that role soon.
Main lessons from the week
A few great take aways from Darren Hardy:
Where great wisdom really comes from – Wisdom is gained through awareness, we pay for it with attention. It’s a conscious choice but we can build a habit around it by asking ourselves, what did I learn today?’ and capturing a note of three learns each day in a learning journal. This was the message I wanted to share.
A three step re-frame when facing obstacles
- True achievers are revealed during times of challenge. When we feel like we’ve been knocked on our backside or are facing challenges, we first need to get a grip and get perspective. In other words, take a step back from our immediate situation and recognise the good things we already have going on in life. We can’t be productive wallowing in self pity.
- Focus on what you have and can do rather than what you don’t have and can’t do.
- Turn obstacles into opportunities – it’s because of the obstacles that we are able to dig into and access our potential. Opportunities are often cloaked as obstacles so it’s crucial for us to learn to see them as positive (and to teach this to our kids). When we push ourselves we’re going to fall but it’s proof that we are getting better, these are markers of improvement along the journey to ‘better’ and they should be celebrated.
Some wisdom on cars, clarified during a productive meeting with our Accountant this week:
- You can claim capital allowances on cars you buy and use in your business. This means you can deduct all or part of the value from your profits before you pay tax. – Ref https://www.gov.uk/capital-allowances/business-cars
- If the car has CO2 emissions of 75mg/km or less you can claim 100% allowances (these would likely be hybrid cars). In other words if you bought a car in your LLP for £30,000, you can make and keep a profit of £30,000 before paying tax, even if you have bought the vehicle on HP and are making payments each month.
- If the car has CO2 emissions of 75-130mg/km or less you can claim 18% allowances
If you haven’t discovered your own highest values yet and would like to, here’s a link to the exercise https://drdemartini.com/values/login