Mar 282013
 
Common Law of Business Balance, Price, Value, & 'You, Inc.'

The Common Law of Business Balance states >

 

It is unwise to pay too much, but it’s worse to pay too little. When you pay too much, you lose a little money; when you pay too little, you sometimes lose everything.

 

In other words, it prohibits paying a little money, and getting a lot in return; it cannot be done without trading one for the other

Additionally, something that is often not taught in the realm of financial literacy ( Resolution 8 & a cornerstone ‘F’ ) is the below – have you personally been taught/heard this?  I hadn’t before I was introduced to world class information not all that long ago >

 

Price is a monetary amount/figure.

Value is the relative, intrinsic worth / desirability to the end user

 

Think of it in these terms – does every dollar ‘spend‘ like every other dollar?  Or, is it not the truth that each dollar you spend is quite unique – especially when you grasp, immerse, and then apply the difference between a “You, Inc.” $ and a “I want it due to advertising/peer pressure/lack of a budget” $ ?

Business, economics, and finances all overlap. They also are each a core part of our day to day lives – we all must be informed, well educated ( v. schooled ), and investment minded men & women in order to become wealthy in mind, spirit, legacy, & the bank account.

Have a fantastic day & blessed Easter to come!

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Thank you & all due credit to Bob Burg for his wisdom & foresight in sharing much of the core of this post’s core content. It’s my privilege to pay it forward here in the blogosphere.

Mar 232013
 
14

This was so eye opening to me, that I immediately had my next blog post topic!

So yes, we’ve all heard of rules before. Many times. Often. However, what about these kind of “rules” , those which have a strong root in past history, and can surely be re-applied as history’s rotating cycle has brought us into a ‘4th season’ and on the upcoming brink of a ‘1st season’ ?   Most definitely worth discussing!

These 14 are derived from C.E. Sargent’s classic read, ‘Our Home‘ , which is a Top 100 recommendation on the TJed Teen/Youth list, thereby making it a must-read, regardless of if you grew up in this classical educational tradition, are now embarking on it, or will be in the future.

One/1 :  Embrace the New, then Embrace the Now.

“Those who pine away for the old will not succeed, nor will those who wait around for the old days to come back.”

Two/2 : Spend evenings and Sundays with family.

Community’s cornerstone is the family unit. When endless entertainment, excessive trading of time for money, dissolution of family, or other issues arise, it’s surely best to address these at the root.

Three/3 : Strengthen your selfculture.

This is the antithesis of popular culture; it runs counter to the concept of peer pressure (fitting in with the crowd, looking for approval, being right with others)

Four/4 : Articulate and write out your individual rules for life.

Who are you?  Leaders are not conformists, except to core morals & goodness.

Fifth/5 : The focus of families is on raising adults & the focus of education is to prepare young people to be good parents & informed citizens.

Opportunities abound to offer leadership and other crucial chances to impact society positively to those age 12 & up; responsibility is borne from the need to help the family succeed.

Sixth/6 : Meaning is a central component of learning.

Replacing the tunnel focus on ‘getting ahead’ & prosperity for self. Gratitude, mistakes as growth moments, & persistence shine through.

Seventh/7 : Spend time serving the less fortunate/vulnerable in society.

Service ahead of self (entertainment all the time) and boredom are moved aside. This creates real community and rebuilds social capital.

Eighth/8 : Marriage as a central, vital project/focus.

This evolves from putting working & parenting ahead of your spouse. Family is strengthened, tying back to the fifth rule above.

Ninth/9 : Pursue & complete a true leadership education.

Also known as an ‘Impact’ education, this replaces 1:1 the previous focus on job & career / professional track. Initiative, ingenuity, tenacity, creativity, and persistence, amongst other skills/values are at the core.

Tenth/10 : Entrepreneurship.

A must. Period. Even for those who have apparent security in their job/career, many find that the security translates to prosperity or fulfillment. The views of entrepreneurs changes over the seasons; the best to emulate is “build(ing) a business to change the world.”

Eleventh/11 :  Produce wealth.

The best time to produce wealth? Build it when the community, including your family (to maintain standard of living), your country, and society need it the most — in times of economic calamities and challenge. The response is to become a producer, which is far more valuable than a dependent, victim, employee, or consumer.

Twelfth/12 : Developing Creativity and Inventiveness.

Doing so helps address society’s problems & ties back to the 11th rule in producing something(s) of value. Opportunity springs from challenges in offering people what they need, as well as want, even in times that it seems far more difficult to do so.

Thirteenth/13 : Inner resiliency.

Winston Churchill is a wonderful role model for this rule. He was able to remain optimistic and enthusiastic even when life was very very hard. Leadership dovetails perfectly here with effecting positive change.

Fourteenth/14 : Growing your ambition.

Being clear to define ‘ambition’ in the right context for the season/time, as either/both of these >  Making sure the right side wins. Making sure the right changes happen.

The quality of the education and leadership determines at the heart what will result from the winning side’s victors and after the change(s) take place.

 

Did this information hit you as mentally hard as it did me?  I have come to believe more and more that the times we are in are far from what the self-anoited ‘experts’ are saying is a ‘great recession’; on the contrary, it is far, far deeper than that. However, without reading, studying, and listening, let alone associating with those who also do these things, its clear why a fair number of those in America & the West have agreed, at least on the surface.

Comments are most welcome. Thank you, as always, for reading, and God Bless.

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* Chapter 7 in the terrific book, ‘Thomas Jefferson Education for Teens” was my primary reference for the above; some of the comments below each rule are mostly my own, tying in from other books.

Mar 182013
 
Do social capital & mental fitness overlap?

To answer the question in the post header …  my answer is an unqualified ‘Yes’.  Of course, as always with my blog, comments are most welcome, however, first, let’s discuss this in more detail:

( note that these are core topics that can fill entire books, so the post’s purpose is to encourage sensus plenior = metaphorical, systems based type thought, reflection, and focus. May it make you a better person too! )

 

Social Capital

Social capital & a related ‘twin’, community building, both cover some similar ground. One way to describe is putting a premium on voluntary association in/with groups of like minded people. Rebuilding of organizations that focus on positive social capital creation & maintanence is imperative in order to restore a key building block that made America what it used to be in the time of the Founding generation, and well into the 19th century.

I could cite a litany of groups that fit under this vast umbrella; to wit:  YMCA/YWCA; 4-H; Red Cross, Salvation Army, PTA, church youth groups/Sunday school, and even local governmental bodies / positions within like a (low or non paid) city manager or mayor, council member, or volunteer fire fighter.

Regrettably, as our culture and society has fractured due to various reasons over the past century, participation in these groups has not kept up with population growth and the aging of those who made time spent in/with these groups central to their lives. I’ve nothing against technology, as its march into our lives will continue forward and has brought us numerous positives, however, I’d cite it, a too relentless focus on trading time for money, and too many hours spent on personal entertainment (mass media) as the main culprits to lift time spent building social capital and community to where they need to be.

How does the ‘twin’, community building, come into the picture?  Community building is a focus on growing your own leadership ability to lead someone to follow you. Cast a vision, focus on one’s purpose, coach/mentor/counsel, and bring out the best in everyone, and you have the core “tools” to build a community. And if you compensate it, that’s the icing on the cake 🙂

Mental Fitness

Mental fitness. A broad category/classifiation, indeed. For the purposes of this post, let’s define as a focus on strengthening your ability to handle what life brings your way – for instance: building relationships (esp friendships); generating the right mindset/attitude; how to handle conflict & adversity.

What vehicle are you using to grow your mental fitness ‘muscle’?  Are you even growing it, or is it weakening?  It is really important to realize how important it is to be humble, honeable, and hungry  to get better; no one who understands people skills will think any less of you if you admit that you can be a better person through conscious focus!

The mental fitness of our society overall, I believe, has been weakened by the very same forces that I discussed above: technological over-dependency; mass media over-entertainment, and too much focus on making money over making memories and putting time ahead of dollars instead of trading them. Like the re-generation of social capital, this can be fixed, and there are people out there who realize this – anyone from Peter Block, Robert Putnam, John StahlWert, Chris Brady, Dan Hawkins, and Charles Murray, to name just a few.

Some concluding thoughts >

The overlap gives those who want to restore a foundation in America (let alone other Western nations) a ring of bulls eyes to focus on. Does this mean that someone who wants to improve his/her mental fitness or rebuild social capital cannot ever entertain him/herself?  That he/she cannot have a smartphone, or social media accounts?  No! It just means that you have to parcel out your time more wisely:  We have the exact same 24 hour day as all the men and women who have walked the Earth before us, yet there is far too many who say they are “busy”. That is a time allotment and prioritization issue, and nothing else, at its direct core.

Recommendation:  Find a mentor & join a group that is focused on building communities & instilling mental fitness and social capital in our society. By definition, it’s a voluntary decision and quite often, the decision is the best thing that you’ll ever do. Why?  You are growing yourself personally, and given tools to bring out your inner genius, so you can, over time, pay it forward to someone else. Your legacy won’t be written by how many hours of TV you watched, how many songs you have on your iPod, how much O/T you worked, or how many times you posted on your Facebook:  these are all part of the fabric of your life, however, your real legacy is reflected back in how many people you edified; how many marriages you helped improve, how many you helped to get out of debt & grow their financial literacy, how much better you handle conflict and adversity, and the revival of the numbers who are joining you in whichever social capital groups that you are part of.

These are part of a mission which has completely revolutionized my life, and I extend my hand to others to ponder it in depth as I did/have. Many kind regards, blessings, and success to you!

Mar 152013
 
The timeless wisdom ...

… of Solomon.

Yes, wisdom is timeless, also priceless, and regrettably, not nearly common enough in present day society. Of course, below the radar leaders, those who understand the values of service, being a blessing to others, humility, hone-ability, and learning via mentorship and liber education will change this, over an adult timeframe.

This brief excerpt is full of nuggets to apply to your life right after reading the words >

a crown that people are expected to bow down to always sits heavy on the head, and a crown that excites envy is a net for the feet. The only crown that can be worn with comfort is the crown of service, and that crown should spring up naturally so that no one takes any particular notice of it.

What did you learn?  Comments most welcome.

May you be blessed on your walk of a thousand steps towards your purpose, and towards your discplined life.

Be the best you you can be.

Mar 102013
 
Do you have the mindset of an innovator & creator?

Innovation & creation. Are they not both building blocks of a growth based, free enterprise economy?

For sure!

So, in that case, we can draw an arrow, without any leap of logic, to what one engine of rebuilding the entrepreneurial mindset of America is and what we need to encourage across all socio-economic classes, whether age, gender, race, ethnicity, or otherwise.

The below information was culled from a fantastic book I read about 15 mos. ago, by none other than leadership expert, John C. Maxwell, ‘Developing the Leader Within You’ 

For any given change proposal, the graphing of the responses looks like this:

2%  – Innovators

10% – early Adopters

60% – middle adopters

20% – late adopters

8% – laggards

I’d say that this is very telling as to why the macro economies of the West have stalled; of course, there is far more to this analysis than just this, however, it’s definitely a piece of the analysis that may not be as well studied as others. Regardless of one’s intent, often, a review will be colored by the person writing it- so if you’re reading an economic study, you may not find out that the person is resistant to change in his/her profession, or generally, so could that’s why, perhaps paired with a lack of reading, we’re not hearing more about this.

When roughly 12% of the population embraces change openly and without time, emotional, or rational resistance acting as ‘sand in the gears’, and 28% on the other side of the teeter totter, could that be why so many look not to entrepreneurs, but to big institutions of yore ( think: big business/corporations, big education, big unions, big government ) or “experts” (many of whom aren’t really experts, lacking their 10,000 hours invested ) to deal with the issues causing economic dis-location, stagnation, and missed growth opportunities?

Let’s change this graphing by addressing the deep roots:  Read more. Listen more (at the expense only of your own thinking that you know the answer(s)). Invest in yourself ahead of all else by cutting needless expenses that have no return on dollars spent. Find mentor(s)) to follow. Join a community based leadership growth group in your area. And, by all means, focus on the great that’s out there – innovate your thinking, and adopt the mindset of an eagle. We have enough chickens and chicken littles 😉