Daily Archives: May 20, 2015

THE TRUTH ABOUT DECLUTTERING+

DeclutterYourLife

Declutter: v. to remove unnecessary subsets from a disorderly and/or overcrowded place

The key to decluttering the house, business, or office desk is to ask-“What is the frequency of use?” If the answer is never use it then the item should be removed from the premises or recycled if possible.

If the item is used frequently then of course you should consider holding on to it or starting to make plans to replace it if it will break down in the near future.

We all have things we don’t need in our house and if we are hoarders then most of the stuff can be thrown out.

Ask yourself. Will I use this item within the next 5 years and it costs less than $100? If the answer is no I won’t use it then definitely throw it out. If the item is worth about $50 or less and you will not use it in the next three years then you should probably throw it out too.

Items which you may choose to keep are camping, traveling, or vacation gear and survival food which you may only use about once every five years.

The frequency of the thing to be thrown out is the key. How many times will I use the item this year? If you won’t use it this year even once and it is less than $50 then throw it out.

Ask.  Is  a thing just a fond childhood memory or toy which can’t be passed on to grandchildren for reuse? If it is unrecyclable to future generations then throw the dam thing out.

If you fear throwing things out then instead of throwing things out see if you can unload those things on thrift shops, goodwill stores, or collectors of memorabilia. If you think it is as valuable as a $50 item or more then try to sell it on Ebay.

Throw it out, recycle it, donate it to charity, or sell it to a sucker at a garage sale with a buying impulse or a hoarder who will buy almost anything.

If it is memorabilia that you have too much of then take a digital picture of it and store it in a personal digital file but throw the damn item out physically!!!

That in a nutshell is how to declutter your house, business, or office and simplify your life and make it more efficient!!!

 

If you liked this evergreen truth blog then read more of them, about 1600 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/

REASONS FOR THE 50 YEAR SUCCESS OF BERKSHIRE HATHAWAY INC.!!!

BERKSHIRE-HATHAWAY

Charlie Munger, Warren Buffet’s partner, has an excellent letter which details the operational principles of Berkshire Hathaway which has led to it’s phenomenal growth success historically but it is highly unlikely that it will be repeated by an imitator in the new business economic environment. I have a link to the detailed original letter at the end of this blog article.

Warren Buffet was successful for all the reasons cited in Charlie Munger’s letter but I will briefly summarize the most important reasons for his success and they are things which new entrepreneurs should take into consideration when they are running their own diversified organizations.

Warren was and is thrifty in the old fashioned sense with money. He currently has a cash reserve or a traditional savings account of about 60 billion dollars.  With this cash reserve he has weathered hard financial swings in interest rates and difficult economic times because his debt is minimal and for all practical purposes non existent. He doesn’t have to pay lenders fluctuating interest rates because he is virtually debt free and purchases almost all his subsidiaries with cash so he has no “mortgage” payments to worry about. He owns the subsidiaries free and clear and his credit rating is excellent!

Second in importance is perhaps the loyalty he demands and also gives to the talented hand picked CEOs of subsidiaries and asks them for backup replacement suggestions in case they themselves are no longer able to run the subsidiary. Warren has a long term investment view of business and is not interested in the whims and hype of short term investments for large profits with corresponding high risk.

Wise financial management comes first and the quality of talented hand picked human CEOs to run the subsidiaries is of secondary importance. CEOs are treated justly with fixed compensation not dependent on volatile profits or losses benefiting or injuring the subsidiary. There is no threat of mandatory termination of a job or retirement based on age so job security is guaranteed the CEO as long as they are mentally and physically fit enough to run the organization.

Thirdly Warren grants considerable autonomy to the subsidiaries and there is no bloated bureaucracy at headquarters. He does not believe in the principle that one set of rules should govern all the subsidiary financial and organizational structures but is a believer in diversified approaches or rules which work best for each subsidiary specialty.

The most impressive leadership qualities of Warren are that he always gives an honest appraisal of the financial and organizational facts to shareholders and any other interested party. He allocates as much time as is necessary to answer all shareholder questions in sometimes lengthy sessions. In effect, you get no BS from Warren. He is a straight shooter and honest and truthful to the core.

As a truly great leader one of Warren’s first priorities is to set aside quiet time for thinking, reflection, researching or reading to continue to expand his knowledge base and keep him current with business trends.

Warren has taken time out and schmoozed with or mentored other business greats like Bill Gates who is one of his greatest supporters.

If I inspired some curiosity then fulfill it by reading the link which gives more details of a successful 50 year company.

http://www.berkshirehathaway.com/SpecialLetters/CTM%20past%20present%20future%202014.pdf

If you liked this evergreen truth blog then read more of them, about 1600 so far, or read one or more of my evergreen truth books, especially COMMON SENSE, rays of truth in a human world filled with myths and deceptions.

For a complete readily accessible list of blogs and titles go to twitter.com/uldissprogis.

Enjoy!!!!!!

If you enjoyed this blog then here is a list of my most popular ones which you may also enjoy!!!

https://uldissprogis.com/zlist-of-my-most-popular-blogs/