Key insights

• ⚙️ Applies corporate strategic thinking to personal life through a seven-step program
• 🏆 Life strategy is about living a great life, not just winning
• 🔄 Assessing business portfolio vs assessing life portfolio
• 🌟 Introduction to the PERMA-V model from positive psychology
• ⏳ Applying corporate portfolio management concept to life for time and resource allocation
• 📊 Plotting strategic life units in a 2-by-2 matrix for evaluating life balance and priorities
• 🔍 Focus on high-importance, low-satisfaction areas for improvement
• 📅 Creating a portfolio aligned with your life's dimensions and purpose for effective time management and life strategy

Q&A

• Why is creating a portfolio aligned with life's dimensions and purpose essential?

  Creating a portfolio aligned with life's dimensions and purpose is crucial because it helps manage time effectively, especially in the face of time-consuming challenges like social media. It is also aligned with Seneca's philosophy, emphasizing the importance of direction, preparation, and seizing opportunities in life.

• How can the strategic life portfolio be used to evaluate life balance and priorities?

  The strategic life portfolio involves identifying 16 strategic life units bundled into 6 strategic life areas, assessing time allocation, importance, and satisfaction for each unit, and plotting the information in a 2-by-2 matrix. This matrix helps evaluate life balance and priorities, identifying important but unsatisfactory areas for improvement and focusing on high-importance, low-satisfaction areas for quick wins.

• What is the PERMA model, and how is it related to life strategy?

  The PERMA model, encompassing Positive Emotions, Engagement, Relationships, Meaning, Achievement, and Vitality, is central to life strategy. It involves applying corporate portfolio management concepts to life for time and resource allocation, defining strategic life units for time, money, and energy investment, and allocating time for significant others as a strategic life unit.

• How does life strategy apply corporate strategic thinking to personal life?

  Life strategy involves understanding life portfolio choices, assessing success, and integrating an array of choices for a great life. It also emphasizes the limited impact of money, fame, and power on happiness, introducing the PERMA-V model from positive psychology, and applying business portfolio management to life for strategic prioritization of time and resources.

• What is the Life strategy program about?

  The Life strategy program applies principles of corporate strategy to personal life through a seven-step process. It focuses on defining success, purpose, and vision for personal life, understanding life portfolio choices, and applying positive psychology principles.

• 00:00 Strategize Your Life applies principles of corporate strategy to personal life by developing a life strategy using a seven-step program.
• 01:49 Understanding life portfolio choices, assessing success, and applying positive psychology principles to define a great life.
• 03:28 Understanding PERMA model for happiness and applying business portfolio management to life for strategic prioritization of time and resources.
• 05:03 Identifying 16 strategic life units, assessing time allocation, importance, and satisfaction, and plotting them in a 2-by-2 matrix can help in evaluating life balance and priorities.
• 06:43 Identify important but unsatisfactory areas in life; allocate time for improvement. Focus on high-importance, low-satisfaction areas. Reconnect for quick wins in unsatisfactory aspects.
• 08:28 Social media can be a time-consuming problem; creating a portfolio aligned with your life's dimensions and purpose is essential for time management and life strategy. Seneca's philosophy emphasizes the importance of direction, preparation, and seizing opportunities in life.