When I married into the military, one of the biggest culture shocks for me was the over-usage (IMO) of acronyms. Years and years of experience has taught me that service members generally use this verbal short-hand to a. discuss super-secret classified information in the presence of mere civilians b. impress said mere civilians c. avoid wasting valuable time using words.
Although nowadays I can hear CBT and TDY in everyday conversation and not bat an eyelash, once upon a time, such speak left me furrow browed and a little sweaty.
The same goes for financial shortenings. IPO. EBT. CFO. You might be feeling a little bit sweaty yourself.
The best way to dry up those glands (aside from a clinical antiperspirant, which I’ve heard might lead to Alzheimer’s) is to immerse yourself in the culture. Perhaps even try to use some of the lingo in your own life.
One of the easiest acronyms to slip into your financial and non-financial conversations alike is Return on Investment (ROI).
Simply put, ROI asks the question, “What’s in it for me?”
If I invest money, time, labor, then what will I get in return?
The applications to everyday life are clearly limitless.
- Spend time baking homemade cookies for the bake sale or slip in some store-bought goodies?
- Buy the leather jacket or save up for the concert tickets?
- Invest in the mutual fund or leave the cash in savings?
Sure it sounds greedy, but considering that time is your most valuable asset, your labor is how you use your time and money is what you receive in exchange for both, by demanding high returns on your investments you are merely demanding high returns on your life.