Tuesday, July 14, 2015

Plans Versus Spontaneity

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
By the time this gets posted, my wife and I will be back from our vacation to Iceland.  While we bought several guidebooks, and solicited advice from friends who have been there, the reality is that my wife and I do relatively little planning when we go on a trip for pleasure.  While we inform ourselves of the major options for sightseeing and activities at our destination, we generally only have the loosest of ideas of what exactly we are going to do when we arrive.
Many of our friends are horrified at our lack of vacation planning.  They wonder how we will ever be able to maximize our experience.  They assume that we must be the laziest organizers in the world – which may actually be accurate when it comes to my attitude towards vacation planning, but certainly not a label that would apply to my wife.
The reality is that my wife and I are comfortable with the risk of going on vacation with only a very limited planned itinerary.  We like the spontaneity that a minimum of planning allows for and conversely we dislike being locked into an agenda as we know our minds on activities might change given the context.
So far it has worked out very good for us – and this will be our 30th annual “Honeymoon Vacation” together.  However it is not the lack of planning that has led to our successful trips, but our willingness to embrace risk and uncertainty. 
Just another reminder that risk and uncertainty are not bad, but actually good if you know how to embrace and manage them.

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