Perfectionism | An overview

Perfectionism | An overview Perfectionism is a phobia of mistake-making, said Jeff Szymanski, executive director of the Obsessive Compulsive Foundation, which is based in Boston. It is the feeling that If I made a mistake, it will be catastrophic.' Perfectionism is a psychological disorder which is believed by the person with this illness that being flawless should be accomplished. They feel that they are obligated to reach exceptionally idealistic ambitions when in fact its non-compulsory because everyone should just strive to do the best they can. However, perfectionistic attitude is an interference with their success. The desperation of having unrealistic aspiration can ruin their anticipations because it eventually causes disappointment. Perfectionism is sometimes influenced by an early stage in a persons life. This person has a perception that people would appreciate them more if they are perfect. In other words, their goals are based on peripheral outlook and not from their own desires. Hence, they only feel that they are worthy if only people would recognize their importance. Although being a perfectionist sees every mistake as a chance for progress and learning, people with this disorder should learn how to control it because it will lead to being defensive when appraised and to being depressed when faced with a failure. Each individual has goal in their life but for perfectionist, they have goals that are higher or beyond their imagination. There is definitely nothing erroneous to be ruthless, have dreams and eventually work it out to pursue them. If theres no single person that has goal in life then most of the advancement that people are enjoying these should not be even here. So if they have managed to get through their aim, sure enough they would enjoy the outcome. Being a perfectionist has great advantage because unlike an ordinary person who is contented with a mediocre performance, they could arrive at a level of success that is almost perfect. Thats why they received a lot of admiration from people which they really deserved and reacted positively. They are confident that their goals will be reached since they are very competent individual and has an optimistic mind-set. Thus, it will somehow boost their self-esteem and obtain greater accomplishments. People are not like God. They are not perfect thats why it is normal to commit mistakes and eventually recuperate from the loss. But for the perfectionist, they cant control it. They should make all things right. Therefore, they became less efficient because they are meticulous even to the last detail and wasnt able to complete a task. When the moment of failure haunt them, they will loath themselves for being inadequate and as a result, it can lead to low self-worth and despair. The other thing is that they become engrossed with fear that they cant easily recover from it. This also meant of losing the opportunity to improve themselves because they perceive mistakes as an indication of unworthiness. Not being contented with what they attained can lead to a miserable life because they dont know how to let go and move on with their lives and or learn from their mistakes; they still hold on to their problem and eventually causes disturbance that is suicidal. The reason that they cant let go is that they dreaded the consequences of losing everything. This is also the source of anxiety since they wanted to be perfect with everything; consequently, they place themselves under a great deal of pressure. After experiencing nervous tension, they wouldnt be able to be successful and as a result, will intensify the probability of experiencing tragedy. If their imperfections are recognized by others, they became fearful that they will be abandoned by the society. Because of this, they strive to be perfect to protect themselves from humiliation and condemnation. If only a person with this illness can control their strong urge to do everything perfectly then it will not be called as a disorder. Since their goals are set irrationally or unrealistically, they tend to disappoint themselves after which they feel that misfortune had befallen upon them. They eventually became traumatized that every circumstances they encountered became catastrophic. Perfectionist became devastated when they stumble upon petty mistakes that they were excessively troubled about not being able to overcome it. Due to their inflexible attributes, they become anxious and dysfunctionally depressed. There are important points that a perfectionist has to realize. Perfectionism is a delusion that is unfeasible and striving very hard to do everything is pointless. They are just wasting their time being faultless when in fact their work is already gratifying. They should try to do their best and not to be perfect in everything because the no one really notices things in a detailed way unless their audience is also a perfectionist. Perfectionist has to comprehend that committing mistakes are the only way one can be perfect, through learning from their mistakes is the only way to identify their error. They should challenge themselves to turn away from that fixation or being obsessed because sooner or later it will be a curse in their life. Sources: Bregman, P. (2009). How to Escape Perfectionism. http://blogs.hbr.org/bregman/2009/09/how- to-escape-perfectionism.html. Egan, S. (2005). An Investigation of Positive and Negative Perfectionism. http://adt.curtin.edu.au/theses/available/adt- WCU20060906.150230/unrestricted/01Front.pdf. McGarvey, J. (n.d.). The Almost Perfect Definition. http://www.rps.psu.edu/sep96/almost.html. Neumeister, K. (n.d.) Perfectionism in Gifted Children. Retrieved from http://iag- online.org/perfect.htm. Perfectionism. (2007). Retrieved frromhttp://www.counselingcenter.illinois.edu/?page_id=113.

Hw Chapter4

5. 4. You have found three investment choices for a one-year deposit: 10% APR Compounded monthly, 10% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year. ) Sol: 1+EAR= (1+r/k)k So, for 10% APR compounded monthly, the EAR is 1+EAR= (1+0. 1/12)12 = 1. 10471 => EAR= 10. 47% For 10% compounded annually, the EAR is 1+EAR= (1+0. 1)=1. 1 * EAR= 10% (remains the same). For 9% compounded daily 1+EAR= (1+0. 09/365)365 = 1. 09416 * EAR= 9. 4% 5-8. You can earn $50 in interest on a $1000 deposit for eight months.If the EAR is the same regardless of the length of the investment, how much interest will you earn on a $1000 deposit for a. 6 months. b. 1 year. c. 1 1/2 years. Sol: Since we can earn $50 interest on a $1000 deposit, Rate of interest is 5% Therefore, EAR = (1. 05)12/8 -1 =7. 593% a) 1000(1. 075936/12 – 1) = 37. 27 b) 1000(1. 07593? 1) = 75. 93 c) 1000(1. 075933/2 ? 1) = 116. 03 5-12. Capita l One is advertising a 60-month, 5. 99% APR motorcycle loan. If you need to borrow $8000 to purchase your dream Harley Davidson, what will your monthly payment be? Sol: Discount rate for 12 months is, 5. 99/12 = 0. 499167%C= 8000/[1/0. 004991(1-1/(1+0. 004991)60)] = $154. 63 5-16. You have just purchased a home and taken out a $500,000 mortgage. The mortgage has a 30-year term with monthly payments and an APR of 6%. a. How much will you pay in interest, and how much will you pay in principal, during the first year? b. How much will you pay in interest, and how much will you pay in principal, during the 20th year (i. e. , between 19 and 20 years from now)? Sol: a. APR of 6%/12 = 0. 5% per month. Payment = 500,000/[(1/. 005)(1- 1/1. 005360)]= $2997. 75 Total annual payments = 2997. 75 ? 12 = $35,973. Loan Balance after 1 year is 2997. 5[1/0. 005(1- 1/1. 005348)] = $493,860. Therefore, 500,000 – 493,860 = $6140 is principal repaid in first year. Interest paid in 1st year is 35,9 73 – 6140 = $29833. b. Loan balance in 19 years (or 360 – 19? 12 = 132 remaining pmts) is 2997. 75[1/0. 005(1- 1/1. 005192)]= $289,162 Loan Balance in 20 years = 2997. 75[1/0. 005(1- 1/1. 005120)] = $270,018 Therefore, Principal repaid = 289,162 – 270,018 = $19,144, and Interest repaid =$35,973 – 19,144 = $16,829. 5-20. Oppenheimer Bank is offering a 30-year mortgage with an APR of 5. 25%. With this mortgage your monthly payments would be $2000 per month.In addition, Oppenheimer Bank offers you the following deal: Instead of making the monthly payment of $2000 every month, you can make half the payment every two weeks (so that you will make 52 ? 2 = 26 payments per year). With this plan, how long will it take to pay off the mortgage of $150,000 if the EAR of the loan is unchanged? Sol: For every 2 weeks payment = 2000/2 = 1000. 1 year = 26 weeks. Therefore, (1. 0525)1/26 = 1. 001970. So, discount rate = 0. 1970%. Here, PV of loan payments is the outstandi ng balance. 150, 000= (1000/0. 001970)[1- 1/(1. 001970)N] If we solve for N,We get N= 177. 98. So, it takes 178 months to pay off the mortgage. If we decide to pay for 2 weeks, then 178*2= 356 weeks. 5-24. You have credit card debt of $25,000 that has an APR (monthly compounding) of 15%. Each month you pay the minimum monthly payment only. You are required to pay only the outstanding interest. You have received an offer in the mail for an otherwise identical credit card with an APR of 12%. After considering all your alternatives, you decide to switch cards, roll over the outstanding balance on the old card into the new card, and borrow additional money as well.How much can you borrow today on the new card without changing the minimum monthly payment you will be required to pay? Sol: Here the discount rate = 15/12 = 1. 25%. Assuming that monthly payment is the interest we get, 25,000*0. 15/12= $312. 50. This is perpetuity. So the amount can be borrowed at the new interest rate is thi s cash flow discounted at the new discount rate. The new discount rate is 12/12 = 1%. So, PV = 312. 50/0. 01 = $31,250. So by switching credit cards we are able to spend an extra 31, 250 ? 25, 000 = $6, 250. We do not have to pay taxes on this amount of new borrowing, so this is our after-tax benefit of switching cards. -28. Consider a project that requires an initial investment of $100,000 and will produce a single cash flow of $150,000 in five years. a. What is the NPV of this project if the five-year interest rate is 5% (EAR)? b. What is the NPV of this project if the five-year interest rate is 10% (EAR)? c. What is the highest five-year interest rate such that this project is still profitable? Sol: a. NPV = –100,000 + 150,000 / 1. 055 = $17,529. b. NPV = –100,000 + 150,000 / 1. 105 = –$6862. Here we need to calculate the IRR. Therefore, IRR = (150,000 / 100,000)1/5 – 1 = 8. 45%. 5-32. Suppose the current one-year interest rate is 6%.One year from now, you believe the economy will start to slow and the one-year interest rate will fall to 5%. In two years, you expect the economy to be in the midst of a recession, causing the Federal Reserve to cut interest rates drastically and the one-year interest rate to fall to 2%. The one-year interest rate will then rise to 3% the following year, and continue to rise by 1% per year until it returns to 6%, where it will remain from then on. a. If you were certain regarding these future interest rate changes, what two-year interest rate would be consistent with these expectations? . What current term structure of interest rates, for terms of 1 to 10 years, would be consistent with these expectations? c. Plot the yield curve in this case. How does the one-year interest rate compare to the 10-year interest rate? Sol: a. The one-year interest rate is 6%. If rates fall next year to 5%, then if you reinvest at this rate over two years you would earn (1. 06)(1. 05) = 1. 113 per dollar invested. This amount corresponds to an EAR of (1. 113)1/2 – 1 = 5. 50% per year for two years. Thus, the two-year rate that is consistent with these expectations is 5. 0%. b. Year| Future Interest Rate| FV from re-investing| EAR| 1| 6%| 1. 0600| 6. 00%| 2| 5%| 1. 1130| 5. 50%| 3| 2%| 1. 1353| 4. 32%| 4| 3%| 1. 1693| 3. 99%| 5| 4%| 1. 2161 | 3. 99%| 6| 5%| 1. 2769 | 4. 16%| 7| 6%| 1. 3535 | 4. 42%| 8| 6%| 1. 4347 | 4. 62%| 9| 6%| 1. 5208 | 4. 77%| 10| 6%| 1. 6121 | 4. 89%| c. We can get the yield curve by considering all EARs above. It is an inverted curve. 5-36. You are enrolling in an MBA program. To pay your tuition, you can either take out a standard student loan (so the interest payments are not tax deductible) with an EAR of 5 ? or you can use a tax-deductible home equity loan with an APR (monthly) of 6%. You anticipate being in a very low tax bracket, so your tax rate will be only 15%. Which loan should you use? Sol: APR is given, So we can get EAR by, (1+0. 06/12)12 = 1. 06168. So, EAR = 6. 168%. We have to convert the before tax rate to after tax rate. 6. 168? (1- 0. 15) = 5. 243% Since student loan is higher after tax rate, it is better to use home equity loan. 5-40. You firm is considering the purchase of a new office phone system. You can either pay $32,000 now, or $1000 per month for 36 months. . Suppose your firm currently borrows at a rate of 6% per year (APR with monthly compounding). Which payment plan is more attractive? b. Suppose your firm currently borrows at a rate of 18% per year (APR with monthly compounding). Which payment plan would be more attractive in this case? Sol: a. The payments are as risky as the firm’s other debt. So, opportunity cost = debt rate. PV(36 month annuity of 1000 at 6%/12 per month) = $32,871. So we need to pay cash. b. PV(annuity at 18%/12 per months) = $27,661. So we can pay over time.

For school Essay

The New York City Marathon is acknowledged as one of the Greatest Races. The short races, like 100 to 10,000 meters are sports events—this marathon has evolved as a unifying force in USA. Fred Lebow, who chalked out the blue-print for this race, was a visionary and he succeeded in creating a unique connectivity within the people of cross-sections of the society. â€Å"Fred Lebow was a dreamer, the kind of dreamer who pursued his dream and made it a reality. And the world is still reaping the rewards. â€Å"(Rubin, 2004, p. 7) He foresaw the extraordinary commercial potentialities of this event, in which many thousands actively participated and some millions viewed, thanks to the technological advances and internet revolution. Lay people from the remotest countryside enjoyed the event live! In any race, only one is the final victor but the satisfaction derived by large numbers of participants donning colorful attires is also great. They have the special reason to be proud of, because they have participated in the NYC marathon of Fred Lebow! Why does it give the Big Apple its happiest and unifying day of the year? The expression â€Å"Big Apple† is as glorious as the popularity of the marathon. It refers to the era of Depression-of the 1930s. Many issues are associated with this name. The side-walk apple vendors are credited with extensively using this expression. A popular dance of the 1930s was also known as the â€Å"Big Apple. † The Morning Telegraph carried a regular column with the title, â€Å"Around the Big Apple. † It was immensely liked by the readers. The marketing strategists began to cash on the popularity of the expression, â€Å"Big Apple. † Its status enhanced to become a popular brand! Many consumer items like shopping bags, ties, lapel pins, ashtrays, tie tacks, magnets and T-shirts began to flood the market. Fred Lebow fully utilized the commercial aspect of â€Å"Big Apple† for his marathon. He made participation in the marathon race the ambition of life of every runner. He believed, â€Å"In running it doesn’t matter if you come in first, in the middle of the pack, or in the last. You can say, ‘I finished. ’ There is a lot of satisfaction in that. † Ron Rubin, the author of this book, is Professor of political science at Borough of Manhattan Community College. NYC marathon has united Americans of all categories and classes transcending man-made barriers. That which is popular with the youth of the country has to be popular at all levels. Lebow applied power, the central concept of political science, for his role in mass marketing, capturing the keys to the city, squeezing money from sponsors: One can not make the sweeping statement that Fred Lebow squeezed money from the sponsors. To secure money from the sponsors, who are marketing wizards and sales strategists, is no ordinary task. Lebow won over them with his expertise and guile. He outsmarted them by presenting the well-researched statistics as for the popularity of the marathon. The science of marketing was at the infancy in the 1970s, and without being a marketing expert in the professional sense, without any academic qualifications in marketing, what he did was indeed a marvel. Marketing experts had to accept defeat and accept his proposals. In the College of self-education, Lebow’s mind was his Principal; his initiative, the Professors; his hard work the tutors! He was a man to decide and act; start and finish! He was willing to work very hard to translate his marathon dream into a reality. The most important part of his style was he worked intelligently. Otherwise, how could he convert a small countryside sports exercise into a mega-event that demanded the attention and appreciation world over? He knew how power worked. How power can support and push up issues. Lebow hails from Romania. He immigrated to New York in 1949 and began to run by joining New York Road Runners. Perhaps he was thinking deep and high as he ran across the jogging tracks of Central Park, Manhattan! Power and high-pitched ambition with right attitudes, makes a great combination. When in 1969, he became the Club President Lebow knew what he was up to! This volunteer based leisure club became the business enterprise of Marathon. He set a profit target and was out to achieve it. For promoting the event, he made appropriate use of the print and the electronic media. He gave them ample quotes and real-life stories. He undertook all publicity gimmicks that helped the cause of the marathon. His capacity to inspire the common man was immense. And surprisingly he was not a competitive runner. He also ran with other runners and that did the trick! The 800-acre park race became the five boroughs race! The marathon turned out to be the â€Å"Apple City† event. The topics in the book covered by Ronald Ruben provide the correct picture as for the innovative marketing strategies followed by Lebow. He has been rightly labeled as a Showman, apart from a sports-loving individual. His marathon-show was to inspire the people; for benefit to the people; by the people and for the people! He groomed runners! Some of his boys proved to be outstanding marathon runners! The noticeable chapters in the book that speak about the personality and the marketing capacity of Lebow are, From Arad to Central Park, Framing a Five-Borough Party, King of New York for a Day â€Å"Running† the Show, Unschooled Mass Marketing, Wrestling the Keys to the City, Squeezing Money from Sponsors, Manipulating the Media, Shrewdly Assembling His International Entourage of Runners, Amassing a Crew to Help The Race to the Finish and finally and unfortunately, The Race against the Cancer! And finally ‘the nature said that the work is done’ and Lebow’s race was run! With undaunted spirit, and with never-say-die attitude, he ran the last mile of the race, as a brain cancer patient. The sportsperson spirit prevailed over his physical ailment. Lebow was a bachelor and he nursed the marathon like his own child. As a person, he was loveable, pushy, manipulative, charming and hotheaded –all clubbed into one! Lebow was a shrewd planner. He knew well that no big event can be managed without adequate resources. His mission, therefore, had a commission (money) angle! On the day of the marathon, he was unstoppable and was seen everywhere, from the beginning of the race to the finish! He was there at the starting line, made sure that the race went smoothly, and at the finish line he was the first one to congratulate all the runners. He made everybody feel important. He could well understand how the finishing line was emotionally important to every marathon runner. He dealt with the sponsors superbly. He tendered before them unchallengeable facts and figures, to prove to them how the sponsorship would work to their advantage. Here is the example of his extraordinary salesmanship. He quoted $75,000 for the honor of providing the pace vehicles for the male and female leaders. The proposal was promptly turned down by the party and the counter proposal that he made, showed how the sixth sense of Lebow worked. He offered to pay them $10,000 to appoint an independent market analyst, as for making the assessment of the benefit the company will derive of this exposure, of which Lebow would take 10%. He hoped to net $ 100,000 thus! The company relented and gave him $50,000 and the use of a Buick for one year! â€Å"Some are born great, some achieve greatness and some have greatness thrust upon ‘em. † (Shakespeare†¦. ) Fred Lebow belongs to the second category. He had a dream and he worked to make it a reality. He made the NYC marathon a mass movement and now half a million Americans run marathons all over USA. Top marketing Managers emulate his strategies. He instilled the sense of competition and fighting spirit among the common runner. The wise saying goes, ‘Life is to be lived in is trials and tribulations; its duty and beauty. ’ Lebow lived up to every syllable of this quote. â€Å"Fred Lebow was a dreamer†¦ the kind of dreamer who pursued his dream and made it a reality. And today, more than thirty years later, the world is still reaping the rewards of his vision and hard work†¦. Fred Lebow’s life was [truly] a story just waiting–and deserving–to be told. † (Rubin, 2004†¦Preface) Of the 69 marathons, he ran only once! Conclusion: One feels marathon race is part of one’s life, once you go through the contents of the book. â€Å"For me, running is a lifestyle and an art†¦Ã¢â‚¬  said Lebow. He evolved the culture of marathon. He converted a sports event into a cultural and social saga and people looked forward and participated in it with extraordinary enthusiasm. This book, â€Å"†¦. T-Shirt† is no ordinary shirt. Below that shirt one can hear the throbbing beats of the References: Rubin, Ron (Author) Burke, William A(Foreword) Book: Anything For A T-shirt: Fred Lebow Paperback: 328 pages Publisher: Syracuse University Press (October 31, 2004) Language: English ISBN-10: 0815608063 ISBN-13: 978-0815608066 Shakespeare, William: Book: Twelfth Night, Act ii, Scene 5

Comparing and Contrasting the Chiaroscuros Between Othello...

In a work of typical literature, the blackness of something represents its darkness and how evil it is, and the whiteness represents the purity and goodness of something. William Shakespeare plays with the status quo of literature in his play Othello by giving Iago, a white man who should represent purity, an evil, black heart and by giving Othello, a black man, a noble, white heart when he should represent evil. Shakespeare â€Å"founds his play on the rupture between outward signifiers and inward signifiers, between the Moor’s evil-seeming black face and his ‘perfect soul’, between his ancient’s honest-seeming white exterior and the ulcerous evil that breeds around his heart† (Calderwood 59). Shakespeare brilliantly messes up the routine use†¦show more content†¦Othello’s nobility is extended in the Senate scene when he proves his virtue to the courts through his testimony and becomes an â€Å"honorary white man† through his honesty with the courts and his good intentions with Desdemona (Hall 82). The Duke even tells Brabantio that his â€Å"son-in-law is far more fair than black† (Shakespeare 5), showing the full admiration of the court and their ability to overlook the color of his skin and into his honest soul. Iago is also loved, but he has the advantage of being white. His skin, being the symbol for purity, allows others to welcome his council and his presence warmly. Othello and Cassio call him â€Å"honest Iago† and â€Å"good Iago† because his words are sweet and he appears to have wonderful advice and he gives the illusion of being a good friend. He â€Å"is not regarded as a gentleman with a gentleman’s humanistic as well as militaristic virtues† (Siegel 119) like Othello, but he is trusted and well liked. It is not until the end of the play when Iago kills Roderigo that a character in the play realizes Iago’s true virtues. When Emilia finally realizes that Iago, her husband, planted the handkerchief for Othello to see, she â€Å"curses Iago in similar terms of eternal damnation† (Hyman 51). This symbolizes the realization of all the characters that Iago is actually a devil. Othello accepts his blackness, but accepts the praises of his war victories. He is a gentleman and is adored by every character that knows him except for