At some level we are all managers. Whether we manage people, products, procedures or time, it is part of our daily fabric. On the most basic level managing is comprised of thousands of micro decisions. Our decisions can be made based on desired outcomes, fulfilling the expectations of others or part of a larger well thought out strategy.
Our unique management style flows out of who we are – Skills, Priorities, Interests, Community and Experiences. The clearer we can be about each of those areas, our focus and results will improve. Tracking activity with details about the place, time and our mood can offer valuable insights.
I define “managing” as executing goals by maximizing whatever human, natural, physical and capital resources are at my disposal, in the most efficient and cost-effective means possible, with a focus on continuous improvement across the entire experience. This requires on going creativity, innovation and development. It also requires an understanding and appreciation of the ever evolving landscape around us.
Managing well requires quick thoughtful action when there’s a disruption. It is imperative to continuously improve skills, re evaluate priorities, build new relationships and learn from past experiences. Travel light. Pivot frequently. Invest yourself in shaping that which only you can influence and control.
As the Architect of your Own Finances, consider how home-ownership fits into your personal portfolio. In my previous post, I have shared that your personal portfolio is an ever-changing collection of Skills, Priorities, Interests, Community and Experiences. It is the unique SPICE that you bring to relationships and decisions. This evolves over time, so take a quick inventory of your personal portfolio to help clarify your next steps.
Skills – What types of skills do you have in maintaining a home? Do you enjoy cleaning, repairing, landscaping, and learning new skills needed to care for a home? Ask family or friends about some of the skills they’ve had to learn as a homeowner. Check out local hardware/home improvement stores for free workshops and online DIY videos.
Priorities – What is most important to you right now? How does your housing decision fit with your priorities and values? Think of how your living space impacts your health, social activities, finances, carbon footprint, flexibility and productivity. What changes could impact each of these areas in a positive way?
Interests – What do you really love doing for yourself? What type of living space would promote those interests? Do you want large windows to fill your rooms with light? Do you need privacy to practice music all hours of the night? Would you like to share a space or rent out a room? Is location more valuable than size or appearance? Start a list to use as a framework of what you really want.
Community – Identify people in your network that have the expertise or skills you may need. Consider bartering with friends for tools/equipment you may need occasionally. Look into possible discounts or special promotions you may qualify for based on existing relationships with your bank, insurance company or employer. What connections would you like to develop further and how will your housing promote that?
Experiences – This is what really makes a home. It should be your safe place, a sanctuary when you need to decompress. As you think about past experiences, use that to clarify what to look for and what to avoid. Imagine how your living space contributes to the experiences you want to have.
In every decision there are trade-offs. Take time upfront to consider what you are willing to give up in exchange for those things that really matter to you at this specific time in your journey. Realize that your living space should reflect your individuality. Happy house hunting!