What's A Good Problem To Have?

in life •  8 years ago  (edited)

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You must have definitely heard/seen the phrase "it's a good problem to have" so my question is this, when does a problem become a good thing?

Hey Fi, we have a problem!

The above statement can/will never sound like a good one no matter how garnished and sugarcoated it is. A problem is a problem. Simple.

An issue we have to deal with. An obstacle trying to hinder us from making progress. A maths question that won't let us sleep at night.

When Do You Find The Good In A Problem.

So if a problem is all these evil, bad, scary and hazardous things, how then is it possible to find any good in it?

I think "good" in this case is relative as we will see in the example I'll be using.

"How do I pass this maths course?" - Him

Six months ago, a certain dude was living his simple life, with his biggest problem being attending the next class and passing the next test.

"Oh that's sad." - People

A few weeks go by and his finances begin to nosedive. He runs around trying to save himself from the rot and it proves to be a big problem.

"How will I get money?" - Him

The search is long, tough and tedious but soon enough, he finds a job and slowly begins to earn money. He starts by getting enough to feed himself, then enough to meet his needs and enough to get some extra stuff, and on and on till he begins to have a lot leftover.

"What do I do with all these money?" - Him

With all the new found wealth, he realizes that the idea of money solving all his problems was an illusion.

Yes money probably solved his old problems but money didn't take problems away from him. Instead of his maths test keeping him awake at night, or his lack of money and food keeping him awake at night, his main problem was now how to make good use of the money.

"That's a good problem to have." - People

Oh yes it's a good problem to have. Or is it? I've got this large sums of money and I have no idea what to use it for? I can't sleep at night. I'm constantly worried! This is a big problem. Houston we have a big problem!

But no, the people say it's a good problem to have. Why is this so?



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Good question:

One take on it is that in some cases having a big problem in life forces you to adapt and by doing so you learn skills (without knowing it at the time) that allow you to do other things:
Concrete example: In David and Goliath, Malcolm Gladwell writes how among a group of successful entrepreneurs A LOT of them will have dyslexia (Richard Branson one of the more famous ones).

Having dyslexia is very hard on kids, and presents huge problems BUT
if you are able to confront and find ways around this problem, it develops very useful skills.

*Gladwell refers to as "desirable difficulties," or challenges that force people to learn new skills that prove extremely helpful later in life.

"They’re learning delegation, how to communicate with other people [and] motivate other people," Gladwell says.*
https://www.inc.com/graham-winfrey/malcolm-gladwell-on-why-entrepreneurs-need-adversity-to-succeed.html

I like to call it: "necessity is the mother of all inventions"

Note: A lot of people read this and make the WRONG logical conclusion.
Not ALL dyslexic people become good entrepreneurs.
But if you are very good at dealing and working around your dyslexia, you have a better than average skillset as an entrepreneur (depending on what field you choose of course)
Dyslexia is a very hard problem and makes normal life extremely difficult. Even most successful dyslexic people would not wish it on their worst enemy.

In my article on the Idea economy, I write about how we ALL will need to learn new skills to be successful in the future.
Perhaps successful dyslexic people will have even more advantages?
https://steemit.com/introduceyourself/@the-traveller/the-reason-why-i-want-to-build-a-platform-on-steemit-and-why-you-should-too-the-idea-economy

@fisteganos, Thanks for the article!

I can relate to this write-up. I had a similar problem some years ago - what to do with a large sum of money especially when a certain investment of yours suddenly grows exponentially. At the time, I brainstormed hard about it for several months. I ended up cashing out some of it and diversifying into some other ventures. Some went terribly south and some did perform fairly well the reason why I am still in the game. Granted my portfolio is still going strong after many years means I didn't really do bad though looking back, there are things I could have done much better. In all, I cherish the wisdom gained in the process of trying to solve the problem especially from the failed projects.

If I may suggest:-

  1. Pay off your debts/loan if you have any or at least, pay off a significant portion of it. Don't be too greedy.
  2. Have some saving because rainy days will eventually come.
  3. If you are to diversify or restructure your portfolio, make sure you pick solid businesses with proven track record - revenue performance, management and other business metrics are on point or seem to be on track or maybe, consider some physical assets.
  4. Find some people and invest in them - it could be in their education... sort of like giving back to someone in need or underprivileged than you are. It could be a family member, a friend, a charity... someone whom you think is most likely not to abuse your hard-earned efforts.
  5. Cash out some, invest in yourself - travel and build up a collection of experiences and memories. Go to those places you only had in your dreams, acquire those new skills you always needed - read more, learn more. You will have something to talk about in the future.

As long as you aim at gaining and transferring value from your "large sum of money", I will argue you won't go wrong and you will stand the test of time.

I hope you gain plenty of wisdom on learning how to solve this problem. All the best on your newfound fortune.

thanks for sharing