Emotional Intelligence
Greetings everyone. Today's discussion is on emotional intelligence. I haven't heard or read many discussions on the topic. It appears I've been living under a rock.
Many of the management topics I've studied never even touched on the topic. Tribal knowledge regarding emotions, however, is ever-present. We're taught to "calm down" or "relax" during certain scenarios. Sometimes we listen, and at other times we do not. Despite our reasoning for controlling or unleashing our emotions, they affect us to a degree I haven't fully realized.
Intelligence represents our ability to learn and apply the knowledge we gain. People can be intelligent about one or many things. When speaking of emotional intelligence (EI), we mean that someone has the ability to acknowledge, interpret, and even manage the emotions around them.
I'm not writing about some supernatural ability. I believe we all do it to a degree. Have you ever tried to calm yourself, or someone else, down? Have you ever tried to cheer yourself or someone else up? If so, you have demonstrated a certain degree of emotional intelligence.
Impact
Being aware of emotions allows you to control them. If you know, for instance, that you're angry in a situation requiring calm, you can adjust your temper. Similarly, when in a calm state during a situation that requires excitement, you can make calls to action to generate the energy needed.
We see this all the time in sports during a game. The coach stands before the players reviewing their performance. Before returning to the game, the coach makes a special speech that gives the team enough excitement before winning the game.
It is easy to see the impact of EI on a category like sports. It may not be as simple to recognize it in day-to-day life. For example, in the area of Finances, we may not realize the impact emotion has upon our decisions.
Fear of Missing Out (FOMO)
One emotion I recently wrote about was fear. A higher emotional intelligence allows you to recognize this emotion and control it to the degree that would benefit you.
The Negative
Some people aren't that lucky. In hopes of investing in the next Microsoft, Amazon, Apple, or Google, people may find themselves anxious enough to ignore clear warning signs that investment in a certain company isn't a good idea. Their fear of missing out (FOMO) may lead them to invest more than they should, ultimately putting their livelihoods on the line and at the whim of the market. People who FOMO to such a degree exhibit a lower level of emotional intelligence than their peers.
FOMO can occur at the spur of a moment. When dealing with cryptocurrencies, for instance, it is doubly important to think before you act. In one scenario, I wanted to transfer money from one account to another so I could purchase a second-layer token. Instead of transferring money from my bitcoin account to my hive account, I selected an ethereum deposit address. Fortunately, the system in place identified the dead address and automatically refunded me after 12 hours. I was lucky...this time.
The Positive
FOMO could be a marketing opportunity of a lifetime. We see examples of FOMO advertising almost everywhere. YouTube is filling with advertisements with people, seemingly rich, who are showing you examples of how they got rich and they could help you get there. They give examples of people who benefitted from their wisdom.
Websites perform a similar function. You might be on a site with a small advertisement showing you people purchasing the product your reviewing.
The Lottery is one obvious example that uses FOMO for sales. And it works. In 2019, sales of lottery tickets reached over 70-billion dollars. Everyone thinks about purchasing a ticket, but some don't. Others, however, will spend their life savings on the chance for a dream.
When someone can harness their emotions and analyze the situation, they can sometimes win big. A retiree from Michigan, for example, took a cool look at the mechanics of one lottery game. He made test purchases of tickets to prove his theory. Once proven, he not only started buying big but formed a company with other friends to milk the lottery system for millions. When confronted by authorities, there was a determination of no wrongdoing. The retiree followed the rules of the system.
In Closing
Image by Gerd Altmann from Pixabay
Harness your emotions and make them work for you. Before making a purchase, think about the emotions that are driving you to the point of sale. Does it make sense? Will it benefit you?
Thank you for reading and following on throughout my Hive journey.
Special Thanks
Special thanks go to Dr. @Trumpman. Our recent FOMO conversation inspired this post.
Wow what an amazing post,i have learnt so much from it..
Thank you so much for the compliment. I'm glad you liked it.
Having control over your emotions indeed is a big win. Most turn down of a lot of people is their disability to manage their emotions
I feel that, even if you've been training to control your emotions your entire life, you're still susceptible to them. In my case, I've got a good handle on them now, but I can fall prey to the passions like anyone else if I'm not watching out. A focused mind can get you to most places you need to go.
FOMO and the buzzwords associated are designed to make you think it's I.Q. based but it's E.Q. in a lot of cases, fear based or fantasy based etc. It's a great read and post
cheers
Axey
Thank you Ms @battleaxe! You're correct. Emotional Intelligence will be a series of articles I'll be writing similar to my energy series. I'll be getting into EQ in my next article. I intend on discussing theory and comparing it with some real-world examples as time moves along. Eventually, I'll focus the series on HIVE.
EI is a serious part of our day to day life Finances. Are no exemption. I feel it takes time and experience to build and develop one's emotional control. I guess this is one reason why people blow their accounts. I think I have control over risking what is too much but I fear jumping into opportunities. I guess I have to really work on that.
Nice post
Cheers
Posted Using LeoFinance Beta
I look into the eyes of my sons each day and tell them that I love them. I let them know I'm for what life will put them through and try and calm themselves before excitement takes them to paths they do not expect.
I say "try" because they are only two and three years old right now. Being told, "No, you can't have this until after dinner," brings the same effect as "No, you can't have this at all". A lack of EI is clear in my kids, but I see its development as they age. I feel that despite their lessons, they can never master it because they are living and breathing people.
The best method for me to employ EI is by asking myself a question. When I begin to move towards a goal, I've started asking myself, "Why". What is the emotion driving me? Why have I "started" pursuing that goal? It helps prevent me from some embarrassing issues. Though, like my sons, I am a living and breathing human being. I can't prevent myself from erring, but I can mitigate the errors that will inevitably come with practice.
!LUV1
Thank you very much
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great point I never applied these Ideas to my journey into cryptocurrency and markets but now you point it out, I can see how my tendency to act first and think later, was driven by the over exitement of it all in a niave way.
Thank you for your reply. Hindsight is always 20/20. If you don't know of a thing, could I possibly fault you for it? More specifically, are we wrong for acting in a certain way because we allow our emotions to take hold? Perhaps not.
I feel that for most of our actions, it's pretty safe to go with the flow. When you're acting first you are thinking first. You have a reason for doing something and, at the time, it seems like a legit reason.
Having the sort of management that allows you to stop and consider your actions takes time. I don't know anyone with that kind of control all of the time. I do believe, however, that everyone possesses this ability. You don't have to be a Vulcan to achieve complete mastery. We just need to be able to add a questioning attitude to our actions.
yes the mindful approach always helps, whatever the situation, a room full of people or a web full of crypto. and I agree we do not have to be a Yogi to start out on a mindful journey toward awareness .
It's so easy to be distracted in this life. It seems like we have moments of clarity in the clouds of distraction surrounding us. I wonder what things would be like if we could be clear-headed all of the time.
Written well. Thanks for sharing this, It's a good read.
Thank you very much!
This is one of the most incredible (and also very difficult) types of emotions to be managed by human beings.
It isn't easy. I wrote that nothing is complicated given the correct set of solutions in my original response to you. However, my initial reaction is flawed. Of course, what I wrote was right, but it is also unrealistic. You can't come upon a solution without an extensive amount of testing.
You can NEVER succeed without failure. Determining the correct methodology would take a long time unless someone already accomplished the work. In terms of emotions, the only valid test subjects are people. And we are not in a wartime scenario.
The series of Emotional Intelligence, which is the first installment, will likely last longer than my series on Energy (10+ long articles) or Environmental Impacts. It affects all of us and everything about us. What I've found is disturbing and wonderous. I appreciate your response as always.
Last year, I went for a training for teachers and EI (Emotional Intelligence) was one of the topics discussed. Just like you mentioned, there is always a positive and a negative side to emotional intelligence, when you have positive emotions inside of you, you always describe feelings that lack negativity and negative emotions describe unhappy emotions. During the training, we are made to understand that, to better understand our emotions, we have to be self aware of the things we do and say, manager ourselves around people, because our actions always affect others positive or negative ways, be conscious of your environment and most importantly, take responsibility for your actions. Thanks for taking out time to work on this post. Very lovely.
EI is at the heart of everything we do. We don't learn of it until its teachings come upon us. I wonder what the world would be like if we learned to maintain an awareness of it.
Definitely will be a better place. My actions recently put a student of mine in a bad state, honestly, the young man was battling in his mind if he should confront me to tell me how my actions affected him, but before he could do that, I went back to him and apologize, I told him, I'm aware of what I did and I am apologizing because I know if someone does that to me, I wouldn't feel okay, hence forgive me. The young man immediately was happy again and his response was, thank you sir, I really appreciate your honesty, I was coming to meet you already. It's very important for us to be self aware of how our emotions affect us and others, then and only then we can apply intelligence in solving human relationship problems.
Yeah, it happens, unfortunately. I am not amazed at how many times now I catch myself in the middle of an action wondering why I'm doing something. Most of the time, I justify my actions and move forward.
It isn't the struggle between each other that's the problem. It's our struggle with the id and those shepparding the emotional atmosphere around us.
Very true too. It's really nice of you sharing. Thanks
How to control our emotional?
I'm still confused from elemtary school. People press your buttons until you will loose control. It really hard sometimes to with stand this in a business context.
Never ever trust someone in finance who gets a commission from your sale.
Thank you for sharing!
I have experience with buttons too. Most of the time, I don't lose my cool, but that's because I've learned a truth about myself. When my emotions get high, I lose conscious control of my behavior and allow emotions to take the wheel.
I would clear things in my mind when I recognize I'm getting emotional. When I am aware of myself like this I would be able to redirect it to something more positive. It works most of the time, but I feel like I have to be ultra-aware of myself most of the time.
Have a great day.