The Daily Meaning
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Would You Wave the Wand?
Think about some of the more significant mistakes and failures you've experienced in your life. If they are significant, I suspect they involved some level of pain. Take the next 30 seconds to think about what these mistakes are.
A Price Tag on Legacy?
I was talking to someone the other day about big-picture financial goals. This topic often produces some interesting ideas, but there are a few responses I hear over and over. This particular man uttered an all-to-common phrase, "Leave a legacy for my kids." And by legacy, he meant millions of dollars dumped into his children's laps. I know this for two reasons: 1) that's typically what this phrase means in modern America, and 2) he clarified and said it means leaving his kids millions of dollars.
You Don't Know Until You Know
Several years ago, I was listening to an Adam Carolla podcast when a caller asked an interesting question. This was shortly after Adam had released his second documentary film. To paraphrase, the caller asked, "How did you know how to make a documentary?" Adam's response was simple, but profound. "I didn't know how to make a documentary until I made a documentary. Then I knew how to make a documentary."
Choose Freedom
Today, we Americans celebrate July 4th, our Independence Day. It's always been one of my favorite holidays, as it represents the best of what summer has to offer. As I've gotten older and seen more of the world, the concept of freedom has also grown on my conscience. We often take it for granted, and shame on us for doing so.
Empty Pantries and Rolexes
I had a fantastic week working in Midland, TX. The days were long and I missed my family, but I’m so glad I had the opportunity to make the trip and do work that matters. As I was flying home last night, I inadvertently found myself eavesdropping on a conversation happening immediately behind me.
No Good Deed: The Rest of the Story
Yesterday, I shared the story of a crappy flight experience where I tried to be generous and do the right thing, but quickly paid a harsh price for said generosity. If you haven't read that post yet, I highly recommend you do before reading the rest of this article. During this horrendous experience, I did the one thing that could possibly help me keep my sanity: I started writing.
Good Ideas Are Good Ideas
While in a meeting today, my Media Director casually mentioned what may be the best idea I’ve heard all week. It’s a new concept for the podcast that could be a game-changer for us. A few hours before that, my assistant dropped an amazing idea in my lap. Just yesterday, while having coffee with a youth group kid, they dropped a little brilliant gem of an idea on me. A few days ago, a client shared a totally fresh idea about how we can handle our finances well.
Memories Are Memories
In a world obsessed with more, more, and more, we can often lose sight of what really matters. In the last week, I’ve had several conversations with parents about how they are spending thousands upon thousands of dollars on their kids. Sometimes they classify these expenditures as wants, and other times as needs. But as a general rule of thumb, if it doesn’t involve a doctor, there are very few purchases in the $1,000+ range that classify as true kid needs.
Being Right vs. Getting it Right
While serving a client yesterday, I was in a team meeting for a project we’re working on. It’s a complex project that intersects with several different departments. For that reason, it’s always helpful to bring the team together to get a second set of eyes and fresh perspectives.
"I'll Get the Next One"
We Americans have a problem. It’s an epidemic of the non-medical sorts. On the whole, we struggle to accept generosity from one another. Many people are quick to show generosity to others (which is awesome!), but when it comes to being on the receiving end of generosity, we avoid it like the plague. We tend to defer, deflect, and re-direct. Guilt and pride are usually at the center of our generosity denials, but there can be many reasons for it.
"What If I Don't Have $20,000?"
A few days ago, I wrote about a concept I call the “pile of cash test.” In it, I explained how a client of mine used this test to alter their decision from buying a $35,000 car with debt to buying a $20,000 car with cash. I received a lot of feedback from that piece, but a handful of people were quick to ask the question, “what if I don’t have $20,000?” One person was sincere in their question, but several were insinuating it is a dum
Home
Well, we’re on our way home from Thailand and Qatar. A few hours ago, we began the long journey back to Iowa. It’s been a whirlwind of a trip. When I get back from these trips, people sometimes ask if I feel refreshed. Spiritually, absolutely! These trips always help me reframe my perspective and focus on what’s most important. But mentally and physically? No, I’m spent….the tanks are empty! In a lot of ways, my day-to-day life will be a slow-down from what we’ve been doing these past 10 days. Though these trips fill my tank to the brim, I’m always glad to be home. I’m excited to be home. I miss home.
We Don't Know What We Don't Know
As I always do, I recently asked a clear but open-ended question to a prospective coaching client, “why are you here?” The answer to this question tells me a lot about someone and the direction this conversation could/should go. Some people have a very clear objective, while others have more of a gut feeling this is a conversation worth having. On this particular day, the husband had a short and concise answer. “We don’t know what we don’t know.”
A Story Will Be Told
I once had the privilege of hearing Danny Meyer speak at an event. If that name doesn’t ring a bell, he’s the founder of Shake Shack, as well as many other high-end culinary institutions. I was excited to hear him speak simply because I love food. However, he told a non-food story that captivated me and has made a lasting impact on how I view life and business.
The Parable of the Cyclone Tickets
Generosity needs to be a two-way street. We can’t be truly generous if we refuse to be humble and grateful receivers. When we learn to accept generosity from others, it unlocks something special in our faith journey and our relationships with others.
If Only We Were Rich
Do you ever look around and notice people in your life who are rich? Man, if only we were rich like them! The things we could buy….the things we could do. Life would be so much better if we were rich. It must be nice to be rich like them…..
…..but then I take a step back and remember two things:
1) Having a $40,000/year income puts us in the top 1% income earners in the world.
2) Having just $5,000 to our name puts us in the top half of the richest people in the world.
This Job Serves a Purpose (Even if it Sucks)
A dear friend recently reached out with a confession: she’s kinda embarrassed about her current job. Instead of telling people her job title, she tries to simply tell them the company she works for. If forced to share her role, she’ll lead with what she used to do. Admittedly, her current role isn’t the best use of her skills and passions. I know that and she knows that.