Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sunday, January 30, 2011

what I learned about generosity

After a full month of thinking about generosity, I figured that I'd thought it all. (Because, you know, I'm so generous in my opinion of myself.) After a call tonight with three other inquisitive, generous souls, I've learned even more.

Our conversation covered a variety of topics, but I can break it down into six major areas.

Generosity and intention
The big agreement had on the call was that generosity has everything to do with intention. That the energy behind a generous act must be freely given, and released from expectations.

For example, if I hold the door for people but get miffed when they don't say "thank you," then I'm not necessarily being generous. I'm being generous with expectations on how that behavior will be received or rewarded. Similarly, giving someone money does not necessarily imply that you're generous. It's how or why you give the money that makes you generous.

Generosity and guilt
One participant talked about the "escalation" factor between two people who, for all intents and purposes, look like they're being generous. One will pay for dinner tonight, and the other will pay for dinner the next night. The first then feels compelled to buy tickets to the next event. The second then has to reciprocate. And it leads to bigger and more expensive shows of "generosity" and can lead to feelings of guilt and competitiveness.

The learning? If you start to feel guilty about being generous -- or not being generous -- it may be a sign that your motives (or the motives of the person you're with) are not truly generous. That they're coming from an intention to impress or compete or fill some obligation instead of coming from the heart with a desire to freely give. So what can you do? Accept the other person's generosity at face value. If someone does something nice for you, receive it, smile, and say "thank you."

Generosity and the comfort zone
An interesting perspective was brought up about the comfort zone, and how people will often be more generous in areas that are more comfortable to them. If, for example, you have money (but not time), you may feel more apt to give away money. But which is more generous? Giving away the money or the time? To be truly generous, do you give away something you have lots of? Or something precious to you?

I think it all hinges on whether you give it freely, and I, personally, think people are more likely to give what they feel they have ample amounts of.

For example, I baked a cake for a friend's birthday the other night. Because I like to bake, it didn't feel particularly generous for me. If I had bought a round of drinks, say, or ordered in dinner for the party, that would have felt generous. But my bringing a cake, when viewed from the outside, can easily appear -- to my friend especially -- very generous of me.

(Which, of course, begs another question -- is an act generous when it doesn't feel generous? Does something have to register with the giver as being generous for it to actually be generous?)

Generosity and heroism
Acts of extreme heroism can be considered generosity -- but are they? Wesley Autrey, the guy who jumped onto the subway tracks to save a total stranger, has claimed that he was doing what anybody else would do. But nobody else jumped in front of an oncoming train on that platform that day. So does that mean the station was full of non-generous people?

Again, I think this goes back to the comfort zone, and risk. What Autrey gave freely is considerably more than I would freely give. And maybe that's the difference between a generous act and a heroic one. I'm not sure.

Generosity and compassion (and pity)
Give a rich person a dollar, and it doesn't feel generous. Give a beggar a dollar, and it does. So is there a link between the "deservingness" of the recipient of a generous act and the amount of generosity involved? Does the recipient have to be in need of the generosity to benefit?

I think this goes back to the question of expectations and what impact the giver intends the act to have. For example, I would be more likely to make assumptions about how a beggar would spend my dollar than I would about how a rich person would. I would also be more likely to give the dollar freely to the beggar.

So is it compassionate to give to someone in need? Or is it generous? Or, is it, as one one participant asked, showing pity? What's the link between the three?

Generosity and awareness
It's morning rush hour and you're walking on a New York City street in the snow. A crummy neighbor has shoveled inadequately, so there's a mere 12 inches of walkway to be had for ten feet. There's someone coming towards you from the opposite side of the snow patch, so you step aside and let that person go first. But she's wrapped up in her cellphone and doesn't notice your generous behavior.

Is she rude? If she hadn't been distracted by her phone, would she have been more generous herself? Does living in the city make people less generous? Does it make them less thankful for the generosity around them? What's the link between generosity and gratitude?

Here's what I think: the universe has been incredibly generous with me. I have a great job, amazing friends, a family I love spending time with, and a brain and a body on loan for the rest of my lifetime that's right up there in the top. And I repay the universe with my gratitude. I share my gratitude with others through acts of generosity.

It's been an incredible month, and I don't want it to end. I've learned more about generosity -- of spirit, especially -- than I ever thought I would. But February's all about passion and determination, and how AWESOME is that going to be??

Monday, November 8, 2010

carrots and sticks and bears, oh my!

I've been reading an interesting book about motivation and sticking to your commitments called Carrots and Sticks, written by a Yale professor of economics. The book proposes two different approaches to goal-reaching; being rewarded for reaching milestones along your journey, and being punished for not doing so.

(Hence, carrots and sticks.)

The interesting thing, though, is that Ian Ayres (the author) has built a website, www.stickk.com, that allows people to put up a certain amount of their own money as a bet against their failure. For example, Ayers himself has been striving to keep his weight under 180 pounds. To aid in this, he has agreed that stickk.com can take the $500 he has put at risk every week if he goes over 180. Even more compellingly, he has agreed that stickk.com can send that money to a cause he does not support.

How does the website know that he's gone over 180 pounds? Well, he tells them. Part of Ayres' commitment is his willingness to participate in the contract (and report honestly) in the first place. Because are you really going to bet $500 that you'll stop a behavior you kindasortakinda want to stop? I doubt it. Stickk.com encourages users to identify an external arbiter to oversee these contracts -- someone like a coach, for example -- to make sure the person is reporting honestly, and really making use of the system.

Because once someone lies about one commitment, the whole thing is shot.

I find this particular type of motivation both exciting and terrifying. Putting $500 of my own money at risk would ensure that any undesired behavior would cease to happen -- especially if that money was going to, say, the NRA, the Tea Party, or Sarah Palin's campaign fund -- and yet, I don't know if I could forgive myself if an emergency happened and I couldn't stick to my commitment. Not only would I be letting myself down, I'd be out $500, and would probably have to drum up another $500 to donate to positive causes to balance out the harm I've done.

And that's what I like about using money as a motivator; it brings the issue into the front of my consciousness. There are a number of things I want to do -- like blogging regularly -- that, if I lost $500 every time I didn't do them would happen more often. At the same time, I'm not sure I'd want to live with the stress of that kind of money hanging over me.

A client of mine is using this approach -- not through the website, but through a verbal agreement with me -- and I'm amazed to see the amount of work he's doing. Will this last longer than one week? I'm not sure. But it definitely is motivating him to make absolutely sure the desired behavior happens seven days in a row.

Who knew Sarah Palin could be so useful?

Monday, March 15, 2010

working with money

It's my experience that many creative people struggle with money. They want to make more or keep more, balance their budgets, spend in a "healthy" way, and generally feel a sense of financial abundance -- without feeling like they're fooling themselves with some fancy thinking.

If this sounds familiar (and you're in New York City), check out:
Peter Pamela Rose's FREE
You and Your Money Relationship
Wednesday, March 24th at 2:30pm
The Barrow Group Theatre on the 3rd floor of 312 West 36th Street

To RSVP, please call The Network at (212) 239-3198
(reservations are necessary, so please RSVP to save your place)

As a Certified Coach specializing in the Entertainment Industry, Peter Pamela also works with many actors/directors/writers with fluctuating incomes who need an adjustment for their thoughts (and budget skills) around money. Therefore the seminar YOU AND YOUR MONEY RELATIONSHIP was developed to help you get your thoughts and actions around money to work for you, instead of against you. The skills taught in this seminar will teach you to earn more money and not less, regardless of the state of the economy.

In her seminar you will learn to:
  • Look at money in ways that work FOR you and not against you
  • Stop perpetuating underearning and thoughts of worthlessness
  • Transform your unhealthy money habits into healthy habits
  • Increase your self-esteem around money
  • Bust through your comfort zone and increase your income

Peter Pamela Rose, Certified Life/Career Coach and founder of Acting Business Bootcamp (www. actingbusinessbootcamp.com) has been coaching professionally for over 14 years and has worked as a commercial and voice over actress for over 20 years. In addition, Peter Pamela assisted Manager Jean Fox in building the careers of Mira Sorvino and Scarlett Johansson and worked under casting director, Roger Mussenden (Get Smart, Valkerie, I Now Pronounce You Chuck and Larry.)

Peter uses the principle that people have a virtually unlimited capacity for growth, change and creativity. Her passion is to help clients clearly define their goals and set up an effective plan of action to achieve those dreams. Her strength lies in helping people release the energy that has been tied up around fear. Peter strongly believes that when one harnesses that fear and channels it into learning how to take good care of oneself, they are then best suited to be of maximum service to others – the ultimate purpose for being.

I've never taken this class in person, but I have listened to the CD version of it, and find it to be very insightful. Fear around money is normal and common, and Peter has a lot of great tips, tricks, and techniques to help you navigate that tricky relationship.