The Most Important Question You Will Ever Be Asked

The unemployment rate is high; nobody really knows how high. But I bet the employment dissatisfaction rate is even higher. How many people truly love their job? Can’t wait to go to work? Would do it for free? Turns out, not that many. Less than half.

I am sure there are many contributing factors to this statistic, but one of the most influential is the understanding that few people plan out their life, and even less have the courage to correct course midstream. Back when I was in the real estate industry I used to joke that nobody goes into real estate, then end up in real estate. That is probably how it is with most people. By some combination of random events and aptitude tests they ended up where they ended up. They got hooked on the paycheck and have been there ever since.


But I think it is worse than that. I think the dream inside most people is dead (or extremely dormant). Knowing what they know now, how many people would know exactly what choice to make if given another chance? Would you know what path to take if you were given another shot? So, here is the question, the most important one most people will ever have to answer, and one most people have never given a second thought.

At the end of each pay period you take home a certain amount of money. Imagine that exact amount of money—no more and no less—showed up in your bank account every pay period BUT, you did not have to go to work. How would you spend your days?

Unlike the “What would you do if you won the lottery?” question, this one does not improve you life financially one bit. You are in the same house with the same car wearing the cloths and taking the same vacations. No around-the-world cruises for you. Just the chance to spend your days differently. How would you do it?

Now for the tough love part. If you can answer that question, really answer it, honestly, and know it is the truth, then that is how you should be spending your days right now! My suspicion is that most people cannot answer that question because they just have not given it that much thought. As you grow older you become aware of this extremely unfair exchange of time for money. You give up this very valuable and very scarce (and getting scarcer) commodity called time in exchange for a very abundant commodity of increasingly questionable value called money. And then you realize that you are here for a purpose and not fulfilling that purpose is the biggest mistake of all. And time is running out.

If you do not know the answer to that question I suggest you get busy. And if you do know the answer then you need to get even busier, migrating from the life you have to the life you choose.

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

The Three Prerequisites for Wealth

The three prerequisites for wealth I am about to share with you are not “secrets” to wealth. They are not a shortcut—or even a path—to wealth. But without them, all the secrets to wealth are of no use. These prerequisite are so simple, you may dismiss them as unimportant. But understand this, if you do not practice these three prerequisites you will either never become wealthy or you will eventually loose what you already have.

Prerequisite #1: Spend less than you make. It sounds simple, but it is very powerful. Actually it is the definition of wealth: a store of money. Everyday you spend less than you make, you are to that degree, wealthy. It does not matter how much you make either, the definition is the same. If you make $45 dollars a day, spend $40 and save the remaining five, that day you are wealthy. Contrast that to the behavior of the famous ‘90s rapper MC Hammer. Just one of his albums, Please Hammer, Don’t Hurt ‘Em, generated over $30 million. But a few years later he had to file for bankruptcy. Why? He spent more than he made. You can make a lot of money, and if you spend more than you make, you will end up not wealthy.

Prerequisite #2: Learn to sell. Knowing how much most people hate even the thought of having to sell something, this probably turned you off. But the kind of selling I am talking about is not used car sales, boiler room telemarketing or door-to-door selling. (Although if you are good at any of those, it certainly does not hurt.) What I am referring to is learning to sell yourself.  If you are to be a successful entrepreneur, you are going to have to sell your goods or services. And if you are to be a successful employee, you are going to have so sell yourself to an employer (whether for a job or a promotion).

The good news is there are many different ways to sell today. Perhaps you are uncomfortable with direct sales. Maybe you prefer in-person networking, or online networking, or social media marketing, or e-mail marketing. Great. It does not matter, but plan on mastering one of them if you desire to be wealthy.

Prerequisite #3: Know the value of things. Not only is this a prerequisite for wealth, it can also be a path to wealth. More than one fortune has been made by someone purchasing undervalued real estate, art, stocks or even a business. If you do not know the value of things, you will constantly be paying too much for what you purchase and receiving too little for what you sell, and that includes yourself to an employer.

Of all the prerequisite to wealth, this one more, than the other two, requires some education. Whether taking a class in accounting, researching the best mutual funds for retirement, or studying the value of businesses to purchase, the more you understand value, the better the deal you will make for yourself and the easier will be the road to wealth. And the less you understand value, the longer and harder that road will be.

There you have it: the three prerequisites for wealth. Two cost nothing and the other is extremely expensive not to have.

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

What Every Business Can Learn From My Dentist

Endodontist, actually. You know, root canals. Had my first one two weeks ago. Not too bad. Ninety minutes of discomfort for a lifetime pain-free tooth.

But that’s not the point of the story. It’s what my Dentist, er, Endodontist did that makes this story. I had my root canal on a Friday, and on the following Monday, at around 4:30 in the afternoon I got a call, on my cell phone, from him. Not his secretary. Not his assistant. Not his “service.” Him! He just wanted to follow-up and see if everything was okay and to let me know I could call him if I needed anything.

How many calls have you received from a doctor in your life? Any kind of doctor? I’m guessing not too many.

He has countless years of schooling and if he is not already a millionaire, he will be soon. He already has a million-dollar dental practice. The restrooms in his office are the kind you would expect to see in five-star Beverly Hills restaurant. He serves people in a very upscale area of Los Angeles. In short, he did not need to call me. But he did.

In his world, he is not the Dental King and I am not the Patient Serf. He is not too busy, too rich or too well educated to give personal service. Or to actually care about his patients.

What is the likelihood I will use him again if I need another root canal? What are the chances I will tell everyone I know this story? What are the odds I will blog about it?

In a world where everyone is trying to invent the new new thing–the latest technology, the coolest web site, the hottest app–it was a simple phone call that will assure my dentist’s success. That is a lesson every business can reinforce.

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.

So Was Red

What would you do if you if you were wrongly imprisoned and sentenced to a life term?  Would you patiently dig a tunnel from inside your prison cell for 20 years? Would you inconspicuously drop handfuls of the dirt from that tunnel into the prison yard day after day? Would you successfully fight the urge to tell anybody what you were up to? Would you be patient enough to wait for the perfect moment to escape? Would you crawl 500 yards through a “river of shit” to secure your freedom? That is what Andy Dufresne was willing to do to secure his freedom.

By now, you probably know the person I am referring to, Andy Dufresne, is a fictional character, played by Tim Robbins, in the movie The Shawshank Redemption. It may be a fictional story, but it is the highest rated movie of all time on the movie database website IMDb. Why do you suppose that is?

The story of Andy Dufresne is the quintessential story of self reliance in the face of a great injustice. Two things that reach deep into the human spirit: injustice and self-reliance.

Have you been wronged? Almost everybody has at some point in their life. It might be a small injustice (your partner cheating on you) or a big one (being wrongfully imprisoned). That you were wronged is not the issue. What is the issue is how you reacted to it. Did you stand around complaining about your injustice, or did you seize the moment and rely on yourself to change your circumstances?

Without ever knowing it, Andy Dufresne used the Pyramid of Self Reliance to break out of prison.
Self RelianceThe first thing he did was nurture the belief that he could escape. Next he took responsibility for it. He understood if he was going to get out, it was up to him. Then he took action. Painstakingly, patient action. For twenty years. How many people can say they unfailingly committed to a twenty year goal in their life?

He must have educated himself on the best escape routes, times and circumstances. He must have had a passion for escaping. How else do you explain his twenty year commitment? And finally, he remained flexible. He did not escape at the first possible moment, but at the best possible moment. On a stormy night with plenty of lightning and thunder.

The Shawshank Redemption is a popular movie because it reminds of us of what we can be when we choose self reliance. When we stop waiting for the universe to deliver that which we long for, and instead, assume it is already ours and take the necessary actions to retrieve it.

The movie culminates with Andy’s friend Red (played by Morgan Friedman), delivering one of the more memorable lines in cinema history: “Get busy living, or get busy dying.” I would like to modify that line just a little. Get busy being self reliant or get busy… What are you waiting for?

Thanks for installing the Bottom of every post plugin by Corey Salzano. Contact me if you need custom WordPress plugins or website design.