I’m Spending My Kids’ Inheritence

How would you respond to this bumper sticker — “Right on!” or “How selfish!”

Billionaire Warren Buffett will say “Right on!” every time.  Why?

“In life, you’re not entitled to a free ride.” ”Money or life?  I chose life.” “Life is what you make it .”

Do you know of a family or two who no longer speak to one another after fighting over their inheritance?  If parents leave nothing, children may resent mom and dad.  So what?!  They’re already at a much better place.  Resent all you want.

More importantly, families who continue to inhabit the land of the living will have an ongoing relationship — birthday parties, Thanksgiving dinners, and all that jazz!

“Give enough [to your children] but not enough to do nothing.”

Mr. Buffet, you are brilliant!

How to Live the Life We Were Meant to Live

Focus on our passion with every ounce of our being!  Yeah, yeah, much easier said than done … maybe not …

Dan, a bright young man, considered following his father’s passion and profession.  Becoming an engineer seemed safe, the path least likely to lead to mistakes.

Dan earned his engineering degree but didn’t want to use it.  He flirted with the idea of becoming a chef, but came to feel that, although he was fascinated by the inner workings of restaurants, food itself didn’t hold his interest.  Great — now he had a degree he wasn’t using and some work experience he didn’t care to follow up on.  Mistakes and more mistakes!

Meanwhile, working in restaurant kitchens, Dan found himself thinking like an engineer.  He saw each kitchen as a kind of factory, each appliance and tool as a cog in a production process.  How could the factory be made to work most efficiently?  How could time and energy be saved?  How could safety be improved, how could kitchen staff be best protected against burned fingers and sore backs?

Dan came to realize his false starts and meanderings had given him a fairly rare and useful skill set.  He could make schematic drawings; he understood the science of heat and materials.  He knew firsthand how heavy commercial saucepans were, how crucial the spacing of a kitchen line.

Dan became an industrial designer, specializing in commercial kitchens.  He had blundered his way to exactly where he was meant to be. (Full Story)

I’m still searching … a cause which I can immerse myself in with every inch of my being.  My passion and my heart, I know, will guide me.

How about you?  What do you want to be when you grow up? 🙂

 

The Path of Least Resistance or the Path of Greatest Satisfaction

“At the start of life, randomness rules.  No one deserves to be rich or poor, privileged or oppressed, healthy or challenged.  No one deserves good or bad parents.  These are things that happen randomly to the life that has just begun.  They are neither fair nor unfair; they simply are.”

So true, so simple, yet equally profound — spoken with conviction by Peter Buffet, an Emmy Award-winning composer and producer, cochairman of the NoVo Foundation, and the son of a billionaire investor, Warren Buffet.

Peter Buffet continues, “Secular advantages [and gifts] such as loving, nurturing parents and economic security become meaningful — truly our own — only by virtue of what we do with it, by how we return it to the world.”

Which do we truly appreciate — what we’ve earned through hard work or a gift?  Gratitude or entitlement? 

“Self-respect comes only from earning one’s own reward … My father’s plan was to give [all of his] wealth back to the world that had produced it in the first place.” (Full Story)

Work ethic or wealth ethic?  Self respect of status?  Process or payoff?  Passion or monotony?  Adventure or security?

We have one life to live.  The choice is ours. 🙂

How Will You Spend Your Billions?

If you’re like me, this question will never cross your mind.  What billions … or better yet, what thousands?!

But if we were blessed (or cursed) with large amounts of money, what will we do?  Give the money to our kids or to favorite charities?  What about accountability?  How would we make sure our hard-earned dough (or mad money) will be used wisely?

Billionaire, Warren Buffet, shares his wisdom:

“Give enough [to your children] but not enough to do nothing,” “You’re not entitled to a free ride in life,” “Money or life?  I chose life.” “Life is what you make it .”

Son, Peter Buffett reminds us, it’s not enough to know what you want to do; that the pain of action is a challenge we must take on. And that we must open our arms to the mysteries of vocation as much as the well-delineated parts; that work is not all about following a predictable path but also about doubts, mistakes, uncertainties and embracing opportunities.(Full Story)

Great lessons!  Empower, not enable!

One Determined Soccer Player: His Glass Is Always Half Full!

“Continuous effort — not strength or intelligence — is the key to unlocking our potential.” (Winston Churchill) 

 

The Engaging Leader: Winning with Today’s Free Agent Workforce

“People don’t quit their jobs, they quit their bosses.  Skilled people want to work for winning leaders.  Grade A talent wants to work for Grade A leadership.  It won’t settle for less.”

In The Engaging Leader, Dr. Ed Gubman communicates how to draw out employees’ enthusiasm and commitment; how to retain and nurture companies’ most prized and priceless assets — employees:

• Engaging leaders are drivers and builders.  Drivers are decisive decision makers; putting results first, stress the bottom line, and crack the whip (maintaining pressure on accountability and come down hard when goals aren’t met).
• Builders put people and process first.  Builders are relationship-oriented.  Builders let solutions emerge, take a long-term focus, stay behind the scenes more, and are more positive than critical. (They are, by no means, indecisive.  Builders possess goals and visions.  They rely on natural consequences vs. immediate consequences by an authority).

Engaging leaders know when to be drivers and when to be builders.

Furthermore, Dr. Gubman states, “Employees (talent) want freedom, control, accountability, and caring.” 

• Freedom — the freedom of expression and the ability to be who you are, not someone you’re not.
• Control — people enjoy their work when they know what their responsibilities are and have the autonomy to achieve them.  They don’t want to be micromanaged.  Even when what-to-do comes from above, talented employees expect to figure out how to do it themselves.
• Accountability — giving someone an assignment and holding him or her responsible for delivering results.
• Caring relationships increase people’s investments in your workplace.  Warm relationships help employees feel connected and will motivate them to work for you — to help you meet your goals.  Employees will confide in personal matters if they feel safe.  They also want some friends in the workplace.

Tough and tender, a loveable task master, realistic optimist … whatever you call it, the intersection of driving and building behaviors is what engages most people. 

Successful leaders learn this in their interactions with people.  They become more versatile, expanding their own styles by taking on some behaviors that are unnatural to them at first, but become second nature as followers reinforce them by responding favorably. 

The ability to incorporate parts of these seeming opposites, like the skill of reconciling group goals and individual needs, will make you an engaging leader and a long-time, big time winner.  (Full Story)

 

Philanthropy: The Difference Between Enabling and Empowerment

Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.  (Chinese Proverb) 

Over the years, billions of dollars in aid have poured from the developed to developing nations.  Yet 80 percent of our world’s population live on less than $10 per day.

Why?

Perhaps one answer to this complicated issue may lie in enabling — temporary relief — not empowerment.  

Temporary reliefs are handouts.  They’re necessary, especially in life or death situations.  Basic needs — shelter, food, and water — must be met before improving lives. Once immediate needs are met, however, should additional donations continue to simply feed and clothe its recipients?

Are such acts of “kindness” empowering the people or are handouts in the name of “donations” degrading creative minds and resilient spirits into beggars and dependents?

In The Power of Half: One Family’s Decision to Stop Taking and Start Giving Back, the Salwens sold their house and gave away $800,000 to the Hunger Project in Ghana; to equip and empower its people to take back their lives and become self-sufficient:

(Click for video)

We go back into the villages of Ghana [where my family and I invested our funds], and this time the chief hands us a list of things they have accomplished.  ‘Look what we’ve done.’  They are proud of their own activities.  Oh, this is good.  [Empower, not enable].  We are making progress.

The Salwens asked five questions before committing to their work in Ghana:

• Will our work empower or be a Band-Aid?
• Do we respect the culture? Do we have enough humility to see our new partners/recipients as equals?
• Are those partners fully engaged in designing the project?
• Are we doing this work for the same reasons as our partners, the folks we’re trying to help? Do we have a different agenda?
• Are we committed for the long haul?  Change does not happen overnight.

Steep learning curve, for me, anyway.  But each of us can make a small difference.  Lots of small differences will result in change!

If you think you’re too small to have an impact, try going to bed with a mosquito.  (Anita Roddick)

To enable or to empower … THAT is the question.  🙂

 

Dare to Live Outside of the Box

“That’s not what society says,” “No one has ever done it before,” “That’s not what the educated and the well-connected say.”

SO WHAT?  All the more reason to do the unthinkable!

“Leigh Anne Tuohy manages to do what she wants to do in the way she wants to do it.  She doesn’t care what it takes or how she has to do it but she does it her way … I’ve never met anyone like that before.” (Sandra Bullock)

“Anytime anyone does something unconventional, you have to think about the reality of that (action). Usually, (change) starts with someone who can look at things differently … what if …” (Ray McKinnon)

Stand on the sidelines or get inside the ring — the choice is ours.  🙂

How to Reach Your Full Potential for God

Before introducing Dr. Charles Stanley’s latest publication, I wish to clarify, I am no right-wing conservative; to the contrary, a left-leaning Independent; a social progressive and fiscally, moderately conservative. 

More importantly, having been screwed too many times by unreliable knowledge and the perception of truth, this hopeless sinner came to the Lord 16 years ago, gradually beginning to trust what I’ve yet to understand (yes, the disobedient child FINALLY listens to her Father because her ways have resulted in intolerable pain and sheer misery).

Have you ever wondered, “What is my calling?  What is my purpose here on this earth?”

You’re not alone.  I know at least half a dozen friends who’ve shared similar thoughts, myself included.

Dr. Charles Stanley’s How to Reach Your Full Potential for God describes God’s wisdom and His ways:

1. God always gives us opportunities that challenge who we are already and that are designed to move us to a new level of what we are already doing. (The bold, courageous, fisherman, Peter, puts down his net to serve Jesus, becoming a fisher of men.)
2. God always calls us to something.  Jesus does not call us to quit something and remain idle for the rest of our days. (God didn’t simply tell Abram to leave his homeland.  God provided clear directions on how to reach the new land and the future that awaited him).
3. God sets before us a challenge that holds the opportunity for blessings beyond ourselves. (If an opportunity is only for you or your immediate family, it very likely is not from God.) 
4. God will confirm His presence as you pursue the challenge He has set before you.  (Peter walked on water until his faith in Jesus waned.  Peter also walked back–on water–to the boat with Jesus.) 
5. God’s challenges will always accompany the enabling power of the Holy spirit.  He will remind you of God’s commandments, Bible stories, and lasting promises of God’s Word.  In most exciting ways, The Holy Spirit will give you His creative and productive ideas.

At 44-years-old, I continue to search for my ultimate calling.  I have yet to find out, but regardless of the unknown, I choose to live daily with purpose and joy (doesn’t happen all the time but I try).

What’s your calling?  What do you want to be when you grow up?  🙂

Inspiration!

Which thoughts do you live by? 

Have a great day! 🙂