How to take a compliment?

We often work hard to get noticed. Dress up well to get attention. But many times we are uncomfortable when finally the hard work pays off and attention is showered on us. We deny, deflect and feel uncomfortable with the attention and praise. It is surprising yet true, that compliment more than insults unnerve us and take us by surprise.

Lets look at what are the appropriate ways to take a compliment

Accept and say ‘thank you’

Often ‘Thankyou’ with a smile is the most sincere way to accept a compliment. You may elaborate on the thanks but never negate the acceptance.

Compliment: “That’s an excellent presentation. You really owned the crowd.

Bad response: “Thanks. But i forgot a few points in between. I think I could have done a lot better.

Good response: “Thank you.
Better response: “Thank you. I am glad you liked it
Thank you. I really worked hard on it and am very happy to know I got through to the audience

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Advice and Feedback – When to ignore?

We saw how to give praise and Feedback the last few weeks. In the next couple of weeks, lets look at how to receive them and what to do with it. When and what to consider and what not to ?

We seek advice and feedback often when we are unsure of our future course of action. Sometimes people add relevant perspectives that we had never considered. They challenge the way we look at our world and bring clarity. Sometimes they leave us even  more confused and are best ignored. But  how do we know when to do what? Am I ignoring an advice because it makes me uncomfortable or if it is not relevant to me?

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How to give feedback the right way?

Providing feedback the right way is a critical part of the job of a parent, teacher, manager, friend, customer etc. Feedback provided the right way can help one to deepen relationships and become better at tasks at hand. A botched up feedback can turn a reluctant person into a rebel, beginner struggles into permanent disinterest and wasted talent. Last time we looked at ways to keep people motivated through right praise, let us know look at a even more vital aspect of sharing feedback the right way.

When to give Feedback:

Only when appropriate:

When your spouse is asking you about her new haircut, she is looking for validation and not feedback. It’s not much different from when your 5 year old artist shows his new painting. Distinguish between validation seeking and feedback seeking and act accordingly.

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How to Praise the Right Way?

To share our sincere praise to someone is the best way to make them like us and listen and adhere to our requests. But delivering the praise has multiple aspects to it, that we are not normally taught. While it is of no need to mention a list of benefits of praising someone, delivering it incorrectly, can backfire badly. So let us look at various aspect of delivering praise.

How to Praise?

Praise Sincerely:

Like a fake smile, a fake praise is often easily deciphered by the person who it is addressed to. Even if it works in the short term and you derive benefits, in the long term, you are bound to be caught someday and it may really badly backfire.

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Book Summary: Mindset – Carol Dweck

 

Title: Mindset, the new psychology of success
Author: Carol Dweck
Publisher: Random House
ISBN-10: 1400062756
ISBN-13: 978-1400062751
Buy from: Amazon.in | Amazon.com

This book has been the most embarrassing book for me to read ever, for it showed me the mirror. In effect it was deeply revealing, it gave me a perspective into how I had been looking at several things. Dr. Carol Dweck’s research has been the most revealing and explained many of my bizarre moments of life.

Personality Mindsets: Fixed Vs Growth

People with fixed mindsets believe that abilities are frozen in stone. Most of their efforts are spent in trying to prove themselves. People with Growth Mindsets believe that we can change and improve with practice.

Mindset - Growth Vs Fixed
Mindset – Growth Vs Fixed

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How to Retire early?

Retirement of the Earlier Generation:

In 1990, life expectancy in our country was at 58 years, while the retirement age was between 55 – 60 yrs in various state and central government jobs. Many people died before they retired. We had movies on withdrawal symptoms after retirement and how the erstwhile who’s who coped up with inactivity and lack of importance. Since that generation had steady pension and a huge Provident Fund, usually financial trouble was not one of the problems they faced post retirement. This was despite being predominantly a single income family with several dependents.

Retirement Funding
Retirement Funding

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The Fairy Tale Nightmare

Fairy Tales of my Childhood

The fairy tales I listened to in my childhood were  like ‘Snow White and Seven Dwarfs’, ‘Cinderella’, ‘The Frog Prince’. In all cases the female protagonist was a beautiful young princess and her life mission was to find the man of her dreams. She succeeds in doing so and then they live happily ever after.

I found the stories sweet and adorable as a kid. But as an adult I can look back and see how each of these stories have ridiculously defined my life by one event – finding the (right) guy. I just have to look pretty and be patient to accomplish this life mission.

Snowwhite was in love with 'love' ??!!
Snowwhite was in love with ‘love’ ??!!

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Book Summary: Rich Dad Poor Dad by Robert Kiyosaki

 Click to Buy here in Amazon.in or Amazon.com

I had read this book a long time back and decided to re-read it now. It is surprising how many insights I received in the process. So I have decided to summarize this classic and follow it up with all the books in the series.

Only Rule For Getting Rich:

Know the difference between Assets and Liabilities. Buy Assets.

An Asset is something that puts money in my pocket.
A Liability is something that takes money out of my pocket.

As someone from an accounting background, for a long time I was resistant about the above definition. But now when I am training myself to think like an investor, this is the only definition that makes sense. The only practical way to evaluate opportunities.

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How to remember what you read?

We read that “Great Leaders are Great readers.” So we set up new year resolutions that say “I will read at least 10/20/50 books this year“.  Some of us even get to that number, but often we look back and can’t seem to remember any ideas from a book we really enjoyed reading and thought was great.

Most productivity Guru’s can’t list the ‘seven habits’ from the cult book, ‘Seven habits of highly effective people’ although they have read it several times and even train others on them. So how do we ensure that we not just read a book, but actually remember what is in it and make an impact in our life.

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To Buy or To Rent? That is the Question !!

This could be a million rupee question based on what is it you intend to buy or rent? In this post I’ll try to cover various category of assets and both financial and non financial aspects of this question.

Rent Vs Buy
Rent Vs Buy

Immovable Assets :

For Most of us, the only immovable asset we will own is our home or utmost a piece of land. We have all been told stories of how somebodies grandfather bough a tiny piece of land several years ago for a tiny pittance, far away from the city and lo right now it is the heart of the expanded bustling city, fetching several crores.  We feel inspired by the story and go home hunting.

Continue reading To Buy or To Rent? That is the Question !!