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Wasting Your Most Valuable Asset: Time

Take the richest person on the planet alive today and compare this person with any other. Does the richest person have more talent? Maybe. Inherit much of their money? Possibly. Compared to every parameter the richest person alive today might have an advantage over you, save one: time. Both you and the richest person alive have exactly the same amount of time every day. No one has an advantage. Or do they?

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Motivational Goals

The word goal has taken on dreaded status. Over the decades I’ve attended several informational and motivational seminars. Whenever the topic of goals comes up, heads duck. It shouldn’t be that way.

I think people dread goals because they feel obligated once they are on paper. There is also some fear of stating your goals because they entail your deepest desires. 

The thing is, goals should change. Not every goal deserves consideration. It would be nice to skydive. Sure it would. But after careful consideration other goals might interest you more. More family time might be the goal you wish to pursue instead and the rewards (in your mind) might be better than falling from 10,000 feet.

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Losing Touch with Reality

Just when you find someone really good word gets out and they get busy/popular/semi-famous or some other bullshit. A great tax guy stops taking new clients and is slow as hell because he has too much work to do. An awesome blogger is discovered by the world at large and is inundated with requests until she burns out. The story is repeated again and again. They get good, then discovered and then wore out.

The worst part is what fame and fortune does to these people. They lose touch with reality as the world builds a wall around them, built with bricks made from the flesh of living and breathing human beings. They get callous because it becomes impossible to respond to every request, none the less, honor the request.

Or maybe it isn’t them. It could be you! Maybe these people are seeing the world for what it really is for the first time. Maybe they have always had a firm grasp of reality. It might explain why they are where they are and why you are where you are. Think about it.

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Why Saving Half Your Gross Income is Better and Easier Than Saving Half Your Net Income

People frequently look to their accountant for sound financial advice. Good accountants are up to the task; other, not so much. Finding a good one is easy; they tell you what you don’t want to hear even if you threaten to leave.

Advice sought from accountants runs the gamut. Selling or buying a business requires in-depth analysis and most people trust their accountant’s judgment regarding this matter.

Then the bizarre requests come. Over the years I have been pulled to the side by clients wanting advice on how to raise their children, gambling problems, infidelity, and divorce issues. Some of the requests have a hint of tax built into them. Gambling problems are also tax problems. I’m never comfortable helping anyone decide if they should end their marriage. It’s not my place or at least shouldn’t be. And even if it was I want nothing to do with that kind of conflict.

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