Darren Hardy, in his book The Compound Effect, discusses the power of your “why.” If you were offered twenty dollars, he asks, to walk a thirty-foot plank that was lying on the ground, you would certainly accept such an easy challenge. But what if the plank were between the tops of two tall buildings? Would twenty dollars be enough to take such a risk? Then imagine that you needed to cross that plank because the ot
In his book “Drive,” Daniel Pink summarizes three primary motivators of human behavior – and none of them is money. The first one is autonomy. We want to be able to have the freedom to do as we wish, the way we wish, and independence from needing anything from anybody. The second motivator is mastery. Golfers know there’s only one reason to play the game: to get better. Otherwise, you would have to admit, it is a pre
Financial Planning It is a rhetorical question, because the answer is a given. If you knew you could, of course you would – it seems nobody would ever say otherwise. Any of us would if we honestly thought we could, right? The problem, however, is that all too many of us don’t know this and don’t believe we can. From our professional experience, we have come to realize that the vast majority of us really do have prov
Perhaps you have heard the story of Alfred Nobel, the Swedish chemist who invented dynamite. He was shocked to discover his own obituary published one morning in a French newspaper. He was very much alive – it was his brother, Ludwig, who had died, but the newspaper confused the two and, in doing so, described the inventor as a “merchant of death.”
When we think of the concept of good stewardship, many of us tie it to our faith, whatever our belief system may be. We come to believe that our money and possessions aren’t really ours. Rather it is all God’s, or it is all part of the greater ethos of the universe, or whatever your beliefs might dictate. We are taught that our role is to be good stewards of what has been entrusted to us for the benefit of others.
It was the flutter of a wing felt around the world. In 1963, Edward Lorenz presented his hypothesis about the “butterfly effect” to the New York Academy of Science. A butterfly could flap its wings on one side of the world and set molecules of air in motion,which could then move other molecules of air. The cumulative effect had the potential to create a hurricane on the other side of the world.
Oseola McCarty was a washerwoman with a heart. She grew up in southern Mississippi and never finished school – in sixth grade, she quit so she could take care of an ailing aunt. Her home in Hattiesburg was humble, and she made a meager living. She never married or had children, and she walked wherever she needed to go, often pushing a cart a mile to get groceries. But before she passed away in 1999 at the age of 91,
Two years ago my parents embraced their need for wealth transfer and it fell on me as facilitator of their estate to discuss it with my siblings and coordinate their wishes with their financial advisor. The advisor was well prepared for our meeting and his ability to build a relationship with his client’s next of kin determined whether he will continue to manage the family’s assets in the future.
Many of us seek to make a difference in the world, even if it is only in a small way. Caring for others is a way of meeting our own needs. Helping people because they are in need, beginning with our own family and reaching outward is not always easy, yet fulfills us in a way that transcends understanding.