The Daily Meaning
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None of Us Really Know What We're Doing
I hadn't actually thought about that until it escaped my mouth, but it's so true! Business owners know nothing....until they know something.
Respecting Younger You
There's a lot to be learned from this story. It's a story of entitlement, ownership, personal responsibility, and cause and effect.
Lessons From a Second-Grader
One particular kid looked anxious. I could tell this was all new to him, and it didn't necessarily come naturally to him. But I could tell he wanted to give it his best effort, which he absolutely did. After practice wrapped up, he approached me: "Coach, what's one thing I did good, and one thing I can work on before next practice?"
Pull Your Levers Wisely
Years ago, I read something that transformed the way I view restaurants. The author explained that every dining establishment has three possible levers to pull.
What It’s Really About
A friend recently shared that he occasionally forwards my blog posts to his wife, encouraging her to sign up. But she's not one to care much about reading a daily money blog. Eventually, she relented and signed up, which I'm assuming was so she wouldn't have to listen to him talk about it anymore. My friend's recent feedback: "She likes it because it's not always about money!"
Author Unknown
"Accepting generosity, accepting appreciation, and accepting recognition are all related. As difficult as it can be to accept them, rejecting them can be a symptom of false humility and reminds me of one of my favorite quotes - "Humility is nothing but truth, and pride is nothing but lying." St. Vincent de Paul. Accept generosity, appreciation, and recognition when they're true and pure."
First, Do It Poorly
Here's a concept that applies to all areas of life: First, we must do it poorly. Then, we get to do it ok. Later, we get to become good. Eventually, we have the opportunity to be great. But it all starts with our willingness to be terrible.
You’ll Still Be You
Have you heard there's an election coming up? Surprise, surprise, I know! I don't have a magic eight-ball to predict the winner, but I do know one thing for sure: 45% of this country will be elated, and 45% will be devastated. One group optimistic about our future, and another terrified. One faction will celebrate wildly and rub it in the other side's faces, while the other faction will cry foul.
Always Be Unreasonable
Regardless of your vocation or industry, whether an employee or an owner, unreasonable hospitality is always the right approach. Generosity always wins.
Opening Eyes, Escaping Traps
On the heels of yesterday's post, I received some expected pushback. Specifically, I was accused of exaggerating the monthly car payment this couple would need if they decided to buy a new car. The exact words were, "A $580 car payment seems over the top. That doesn't even seem like a realistic number. Car payments aren't that high."
They Ate the Elephant
Don't fall for the trap. There are better ways to live out our finances. Harder ways, but better ways. Patience. Delayed gratification. Humility. This young couple is so glad they took the path less traveled. They are living for meaning first, and it's a joy to watch. You deserve the same!
Parsing Needs Wisely
I was chatting with a friend about the upcoming football game, which was supposed to be a blackout (all-black uniforms and fans also wearing black). Amidst our conversation, my friend lamented, "Ugh, we need to buy black ISU gear for the game. That's gonna cost at least a few hundred dollars."
Sear It In
Amidst the pandamonium, I leaned over to TJ and suggested that this might be Finn and Pax's first seared-in sports moment. A moment they might someday tell their own kids about. The type of moment that will ultimately get stored away in their core memories.
Exposing the Secrets
As I was chatting with a friend yesterday, I noticed, in real-time, that the stock market hit a new all-time 155-year high (since 1870). Curious, my friend asked me a few questions.
What if It Were Life or Death?
Many people struggle to save. There are many contributing factors to this type of wiring, spanning from nature to nurture.
The Awakening
Ultimately, upon reflecting on his own life and the decisions he made, here's where he landed: "I got everything I ever thought I wanted, then realized it's all crap."
Beware the Shadow Side
After discussing the mechanics of how it would work and whether it could be a viable option for them, he asked the question I was dying to answer: "What's the shadow side of using a HELOC?" He knows me well, and he knows I'm constantly thinking about the behavioral science of things. In short, there are three psychological traps to using a HELOC.
Owning Non-Excellence
Then mere hours later, I performed a masterclass in non-excellence by letting three separate people down: a client, a blog reader, and a fellow board member. Three whiffs, three embarrassments, three regrets. Several factors played into my mistakes, including my new agonizing back injury and technical issues. However, while it would be easy for me to make excuses for these mistakes, there was one common theme in each of them: Me!
The Bar Has Never Been Lower
I dealt with many businesses during my Minneapolis trip this weekend. Retailers, restaurants, hotels, and venues. The majority. Poor quality. Inconsistent, Terrible service. Practically no hospitality. I repeatedly watched businesses treat people like dirt and sell them inferior products. The bar has never been lower.