The progression of wealth begins with a Builder, transferring down to a Janitor, and finally disappearing from the clutches of a Debtor. There is a better way to leave an inheritance for our Children.
One of the greatest burdens on children is the inheritance of wealth. Yes, I know this sounds counterintuitive. Yet, with 35+ years of experience working with three generations of families, I can attest to the validity of the premise.
Each culture has its phraseology:
Old English: “there’s nobbut three generations atween a clog and clog.”
Italy: “from the stable to the stars and back again.”
Japan: “rice paddies to rice paddies in three generations.”
China: “from peasant shoes to peasant shoes in three generations.”
Scotland: “father buys, son builds, grandchild sells, and his son begs.”
America: “shirtsleeves to shirtsleeves in three generations.”
Why is this true? Answer: “We want what we don’t have.
You’ve heard the stories of horses saved from burning barns to turn right around and run back into the flaming structures. Why do they do that?
Wouldn’t it make more “horse sense” for them to continue moving far away from the inferno? Maybe, there’s no logic involved. Maybe, we’re creatures of habit. If you’ve enjoyed time around horses, you know each of them has their favorite stall and are quite insistent on it.
Speaking of which, do we use “common sense” when escaping from the Hell of our mistakes? Or, do we have a burning desire to go back?
What are the three most magical words? Yes, our ears have enjoyed hearing, “I love you.” Yet, how many times in your experience has that been proven to be a lie? These three words will protect your heart: Prove All Things.
In fact, these three words can easily be remembered by the comfort they offer. Similar to a HUG, the benefit of an effort to PAT (Prove All Things) is a soothing massage for our souls.
Think of your favorite hero — a coach, teacher, or mentor. They were strong of belief and quick to change, when proven wrong. Their rock-solid foundation provided the flexibility to entertain differing views on any topic.
An old Proverb states the premise nicely, “Without vision, the people perish.” Or to frame the same principle in the vernacular, “Stand for something, or fall for anything.” We need vision to succeed in Life.
You’ve heard the expression, “Rearranging deck chairs on the Titanic.” An experience last week reminded me of the incongruity of dysfunctional thought patterns, in the face of reality and facts of imminent demise.
While prattling on with the rah-rah nonsense of a used car salesman, the Owner of a roofing company (known to me from prior experience as EGO) wanted me to believe he was ready to manage in a new and better way.
His new CEO is quite fluent in Corporate Speak, which we all know wedges itself into the category of: Talk is Cheap. Between the two of them, the cacophony of their silliness lasted all of 30 minutes.
A recent request for help by a dedicated Employee prompted this synopsis, “The stress you’re experiencing is caused by a lack of leadership.” In other words, there is a leadership solution to every problem.
As happens in our Digital Universe, some of our early “conversations” were via email. Although, the first contact with this frustrated Employee was a phone call from her on Tuesday, April 23rd, 4:02 PM.
From the very beginning, I could hear the urgency in her voice. She had invested two months of her life to find some semblance of order to the chaos she inherited from another bookkeeper.
The accounting platform selected by her Employer was QuickBooks Online, which is a powerful SaaS (Software as a Service) tool for managing financial information.
For some, success is simply the accumulation of money. Others view success as building something special for themselves and their Family. A select few believe Success is creating and leaving a Legacy.
Regardless of your definition, Success does not just magically waltz into our lives. And, about the time we think we have achieved IT and arrived at our ultimate destination, we become enlightened to how small our original vision really was. The more we know and do, the smaller our ego.
We become smaller in perspective to the larger Universe. As we begin our Crusade, our egos are as large as our Plans. Yet, you’ve heard the expression: If you want to hear God laugh, boldly declare your Plan.
There is a simple solution to the Many wanting what One has. What is bass ackwards can be fixed by adopting the Universal Principle of One To Many.
Of all the responsibilities a parent has, probably the most important is how we “bend the twig” of our children. My parents understood the value of an education. So, at an early age, I have memories of Books.
Big books, little books, books with pictures, and those without. As a little guy I remember sitting next to Mom as she read my favorite stories. There was one about Mike Mulligan and His Steam Shovel.
More often, though, I asked to hear about the Little Red Hen. For some reason, I was intrigued by how a request for help could be denied by others in the community of the barnyard.
Many years later, I came to understand how anyone pursuing Success can make false friends and true enemies. Since that Universal Principle is table stakes in the game of life, let’s look at the lessons taught by Little Red Hen.
To succeed at anything, we must want to. Not any old ordinary want to will do. The want to that I’m talking about is an all persuasive, gut churning, bone chilling, teeth gritting, and heart aching passionate desire to achieve.
Good, I lost the snowflakes among us. They quit reading half way through the first paragraph. What keeps you here with me? Do you want to know the first step on the road to Success?
I was sitting at the desk with a salesman and behind him, tacked to the wall was a piece of plain white 8½” x 11″ size paper with these letters: TKD. Thoroughly impressed, I commended his belief in “Think Know Do.”
He grinned sheepishly and confessed that his manager had pinned the sign as a reminder “Time Kills Deals.” My antennas shot straight up. After a tour of their factory, conversations with upper echelons, and a discovery of inferior processes and unethical people, sure enough, “Time Kills Deals.”
So, TKD is a two-edged sword — it can represent success, or defeat.
Who has played sports in school; or encouraged our children to play; or can identify with a hero who plays a sport? That’s what I thought: Everyone. Let’s examine the benefits of playing to learn, as we learn to play.
Now, the more important question: Why are people and resources allocated to teach individuals to Play — and not the same effort devoted to teaching us how to be successful at Work?
The average term of engagement for a sports crusade is, generally, a few years through high school and, maybe, college. The rush of adrenaline and associated glory fades into memory. Then, what?
Our country has a drug (illegal and prescription) and alcohol problem. Is there a connection between the cause (learning to play) and the effect (disenfranchised at work)? Let’s think it through.