The Daily Meaning
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That’s What It’s For!
They excitedly and somewhat confusingly texted me, saying their investment account shows they made $9,000 just yesterday. They couldn't believe it. $9,000 in one day!?!? Yes, correct.
Current You vs. Future You
We humans have a fantastic ability to disassociate our current selves from our future selves.
The Undercurrent of Culture
One thing separates my normal dining out experience from this one-off $88 breakfast experience: intentionality.
The Wisdom of Joker
What does Heath Ledger's Joker have to do with investing? Well, I'm glad you asked!
Pigs Over Money
While scanning the various port options/excursions, one caught my eye: Pig Island!
Preparing for the (Winter) Storm
One such consequence that's becoming increasingly apparent is the stress on businesses. Simply put, people mostly stay home with these harsh conditions. That means less business for retailers, restaurants, coffee shops, and entertainment venues. In other words, business came to a screeching halt for many entrepreneurs.
Small Gestures, Big Impact
When we think about impactful giving, we typically think about profound, massive, staggeringly generous gifts. A five-figure check. Giving someone a car. Forgiving someone's loan. The list goes on and on. Think about an example of a profoundly impactful gift. I bet you're thinking of something big.
You Can’t Control What You Can’t Control
Instead of obsessing about everything I can't control (like blizzards, frigid temps, canceled flights, and a backlog of people trying to get home), I try to focus on what I can control. And today, that's very little.
Perhaps My Wife Should Leave Me
I recently stumbled into an online message board where people submit their monthly budgets for the broader group to provide feedback. One person's budget included investing 55% of his monthly take-home income to "build wealth." The group loved it! "Way to go!" "Keep up the good work." "Your future is bright." He was lauded and applauded.
Never Waste a Perfectly Good Mistake
In a sobering coaching moment, I recently explained to a client that their investing decisions have cost them handily. They asked me how much we're talking about, so I did some calculations. Though it's a rough estimation, it's safe to say they've lost at least $25,000 so far.
“You’re Being Stupid”
People's opinions matter. Their wisdom is valuable. We should seek out the insight of those we trust. Yes, all of those things. But ultimately, we need to make the best decision for our family......even if it's the opposite of what culture says is right.
I Miss This
Relationships are like oxygen. I think people grossly underappreciate the importance of relationships in the workplace.
Build-A-Memory
What are you really selling? We're all selling something. We all wake up each morning and do something with our time. Those actions and that work can provide something meaningful.
Just in Case
Amidst a stressful conversation, the husband looks at the wife and asks, "What if something happened to me?" By "something," he meant death." It was a morbid question, but it led down an important road. No, pondering the demise of a spouse isn't the most enjoyable conversation in the world. But yes, it's critically important.
Don’t Cross the Streams
This all leads me to a coaching meeting last night. I was meeting with a young business owner who desires to adequately and properly track his cashflows. There are a lot of tips, tricks, and tools I could have given him, but I had one simple, but powerful piece of advice. "Don't cross the streams!"
Stay Vigilant, My Friends
We need to stay vigilant. We must focus on the details, ensure we're crossing our T's and dotting our I's, and follow through with diligence.
Right and Right
Whenever we have a big decision in front of us, we try to discern what the right choice is and what the wrong choice is. It feels heavy. After all, the idea of making the wrong choice feels scary.....and intimidating. We treat it like it's life or death. If we make the right choice, we'll win. But if we make the right choice.....well, we don't even want to think about how badly that would hurt us.
What’s Your Non-Resolution?
What are your non-resolutions? What are a few things that matter to you? What are your objectives? I'd love to hear what's on your mind. Everyone has their own unique set of goals and objectives, and I'm infinitely fascinated by each person's.
A Resolution to Eliminate Resolutions
I used to be a New Year's resolution guy. I love beginnings, endings, seasons, clean slates, and fresh starts. There's something so alluring about the idea of the blank canvas of a new year. The key word is "used to." Somewhere along the journey, I started looking around (and in the mirror) and realized most resolutions were a bunch of crap.