Being ready to give more of themselves than is expected. Their ‘give first’ mindset embodies a willingness to give something of value without expectations in return. As servant leaders, they focus on the growth and well-being of others and the communities they belong to.
Humans are basically lazy decision-makers. We like familiarity and we look for patterns in information to streamline the decision-making process. We’d rather not spend the time and mental energy required to take an objective, deep-dive into the facts and variables of our various alternatives. Instead, we utilize a variety of decision-making shortcuts. Let’s look at
BEHAVIORAL FINANCE: Neutralize Emotions and Biases for Better Money Decisions Read More »
It’s not a newsflash to say, “people get emotional about money.” However, modern macroeconomics is based on rational choice theory. That is, individuals make money and investment decisions by logically weighing costs and benefits to maximize their personal wealth. Ah, if it were only that easy! While rational choice theory generates clean mathematics, its output
Investor Emotions and the Psychology of Money Read More »
Being determined and executing responsibilities with care and perseverance. Their strong work ethic drives efficient and effective performance.
Being able to understand and properly assess complex situations. It involves using knowledge and experience to dig deeper, sift through details, and recognize subtle differences between choices to enable wise decision-making.
In last week’s story, Steve Adams left the comfort of his corporate career to become a business owner. He identified and acquired an iron and metal fabrication business, ABC Metalworks, without engaging a financial advisor or an experienced M&A (buy-side) professional. As a result, he missed or overlooked issues with the business that he would
In prior exercises you’ve established what’s important to you (Core Values) and looked back to the high and low points of your past (Lifetime Chronology). In this exercise, you’ll examine yourself in context to the world around you to determine what makes you unique and special. You can establish criteria for uniqueness any way you’d
Relevant Living™ – Inventory Your Uniqueness: What Are Your Differentiators? Read More »
Being masterful and possessing the expertise necessary to deliver high performance. This is demonstrated by being subject matter experts with a commitment to achievement, continuous improvement, and lifelong learning.
We run into this objection from time to time: “I’m not one of the big guys—I don’t need financial planning.” This couldn’t be more wrong. It is quite literally the case that everyone needs a financial planner! Entrepreneurs obviously fall into that category, but there’s another reason business owners need a financial planner: They have
You’re Not Too Small for Big-League Advice: Financial Planning for Entrepreneurs Read More »
When planning for the future one must be careful not to get bogged down and burdened by prior experiences, beliefs, and biases. However, with proper context, looking back into our past can provide us with insights into how to plan our future. In this third exercise of our Relevant Living™ series, you’ll plot your most
Relevant Living™ – Document Your Lifetime Chronology: A Time For Reflection Read More »