GenJen54 said:
I think one can easily be "forward-looking" without necessarily being "forward-thinking."
Which would be: predicting future results using the methods of the past.
Forward thinking is about trying to figure out the goals of tomorow, then trying to find the methods of tomorrow to achieve them. Forward thinking is the instrument of change, whereas forward looking is not. In fact, forward looking often presupposes an absence of change, or an "all else benig equal" mentality.
Forward looking, I can estimate my account balance at the end of the year, based on my weekly pay, my known fixed expenses, and my estimated variable expenses.
Forward THINKING, I can try to find new ways of changing my weekly pay (sell the cat?), or eliminating my fixed expenses (move back in with mom?), etc.
If I sell my car (eliminating of large monthly expense), buy a bicycle (small one time investment), ride it to work (exercise), cancel the gym membership (monthly savings), and always call the cute girl at work for a ride when it rains (clever excuse for creating a social connection), then I can engineer a new way of commuting, exercising, and dating... which may be rewarding in multiple ways at once. Now THAT's forward thinking.
But knowing me,
all else being equal, I'm far too lazy to ever follow through with it and will end up buying another car, and having a stupid bicycle taking up half my living room. It will be a disaster. Now THAT's forward looking.