July 26, 2011

Forecasting the future

Based on historical evidence and current trends, economists can predict future economic conditions. Using models based on historic measurements and vast amounts of real-time data, meteorologists tell us it is probably a better choice to find activities indoors.

So we hear the prognosis for what might happen and we change our plans.

We don't buy the home we have been saving for because future economic conditions don't look favorable. We postpone starting the business we have always dreamed of owning because it's just too scary right now and analysts indicate the outlook is not so good. We fail to go on vacation or take a hike with the family because it is going to rain.

Ultimately, these forecasts are at best scientific guesses and hunches about future events. Yet, we treat them as though they are guaranteed to occur. We consider these assumptions to be fact, when even the fine print on some investments indicate that "past performance is not indicative of future results."

Ironically, due to public reaction to the latest analyst news from Wall Street, people often make these predictions a reality.

The truth is, all of the models and forecasts, all of the number crunching and spin that goes into these stories and predictions fail to account for one incredibly dangerous and powerful variable. You.

You have the choice to retreat, back off and play it safe, and live with regret. At the same time, you have the choice to press forward despite the challenges, creatively overcoming obstacles as they are presented and make something happen.

You have the influence to change the models. You have the power to make a difference, and to leave the analysts dumbfounded.

The conditions will never be perfect, so it's best to keep moving forward and take grasp of the opportunities that are available to you today. It's not raining yet, and there is still plenty of time to get out there and play.

Passion, persistence, perseverance, and heart will change everything. And because of this truth, I forecast that you will change everything, if you are willing.

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