I talked a couple weeks ago about the RPG metaphor for improving your abilities: the more you practice, the more XP you spend.
But if spending XP is identical to “practice”, why don’t I just say “practice?”
Because practice is a verb — it’s something you can choose to do or choose not to do. But experience point is a noun — it’s a resource that you have and want to use wisely. It was for that reason that I treat it as a thing, and asked you to track where you spend your XP: I want a poor use of XP to feel as painful as a poor use of money.
The difference between XP and money
There’s an important distinction, though, that sometimes gets overlooked, and that’s that you can lose money. You can lose it gambling, or on a bad investment, or on a good investment that had bad luck, or simply falling out of your pocket.
But you can’t lose XP
You, like everyone else, get 24 hours a day; 960 waking minutes to do with as you see fit. Whatever you spend that time doing, that’s what you’ll get better at. Your XP always turns into greater skill at something.
You can take more chances with XP
That means that you can spend XP on ventures with much greater uncertainty, without worrying about actual risk. You can start a blog with no idea what you’re doing, and the worst possible outcome is that you learn something about blogging. You can start a freelance business by setting up a profile on elance and pick.im, and the worst possible outcome is that you’ve learned something about freelancing and online marketing.
You can risk money; you can risk pride; you can risk relationships. But you cannot risk XP. Practice is the only investment with a guaranteed return.
Reminder: If you like to run your life on the calendar year, it’s time to schedule a time for your annual planning retreat.