March 10, 2018

Items in italics are direct quotes from the articles below

You might think celebrities never worry about money or don’t think twice when shelling out for fancy cars and clothes or even basic necessities. But the reality is, many of the most successful entertainers and entrepreneurs didn’t come from wealthy backgrounds. In many cases, even if they did grow up comfortable, they had to survive on their own dime before finding fame or fortune. To help today’s financially anxious young people feel less alone in their money woes, digital investment service Wealthsimple is running an ongoing series called “Money Diaries.” It features candid interviews with actors, authors, athletes and more about their first experiences with money (odd jobs and allowances), scraping by in their 20s, managing an influx of cash when they had their big breaks and more. Many of the celebrities, entrepreneurs and thinkers featured in the series are forthcoming and vulnerable in the anecdotes they share. They don’t take money for granted — they save it and think twice before they spend it. Most notably, many of them acknowledge that money is fleeting.

I’ve included only five quotes:

“After high school, I moved to New York City. That’s what I did. I didn’t have anything lined up, and I started working in restaurants, first as a busboy, and then as a waiter. My relationship with money was very loose. I had no budget, no savings, no credit cards and no bank accounts. I was a cash-only kind of guy. I’d get paid out at the end of the night, spend some of it at the bar, wake up the next day, and check my pockets to see how much money I had left. There was never a budget or any kind of longer-term financial plan.”

-Kevin Bacon

“In cooking school, I’d work weekends in New York as a cook; I think I was paid $40 cash per shift, which was a lot at the time. I made extra money by playing poker and Acey-Deucey, another card game. I may or may not have moved a little product. “I didn’t put anything aside, ever. Money came in, money went out. I was always a paycheck behind, at least. I usually owed my chef my paycheck [for] cocaine. Until I was 44, I never even had a savings account.”

-Anthony Bourdain

“Every once in a while I treat myself with a special purchase. The most extravagant I’ve been is when I bought a Tesla not too long ago. I like the way it drives, and I really like the idea of reducing my carbon footprint. But often, I’ve found, the least expensive things can be the most personally rewarding. Take my wedding, for example. The whole event cost a total of $500.”

-Woody Harrelson

“Over the years, even as I’ve had more money available to me, my relationship with money hasn’t dramatically changed. I’ve never been the type to say, ‘Oh, look, I just made all this money. Now I can go spend it.’ One day, I’ll step out of the spotlight, I think, and just live a normal life. And just because I have money now, doesn’t mean I’ll always have money.”

-Kylie Jenner

“[Because I didn’t have money] I used to eat peanut butter out of the jar for lunch … In four days, everything happened for me. I was at the right place, right time. Now I eat fancy almond butter, but still out of the jar.”

-Aubrey Plaza

As you can see, even celebrities have money concerns. It’s ok to have money, but make sure that money doesn’t have you. Money is a neutral vehicle, but there is a spirit that drives it. Be a good steward (manager) of your money.

Stormy Daniels is suing President Trump, claiming that she isn’t subject to a hush agreement. A hush agreement reportedly barred Daniels, an adult film star — real name: Stephanie Clifford — from disclosing details regarding her alleged relationship with President Trump. The Wall Street Journal reported in January that a nondisclosure agreement or NDA was negotiated between her and Trump’s lawyers in exchange for a payment. Trump’s lawyer, Michael Cohen, has since said that he paid Daniels out of his own pocket. She now is seeking to argue that the settlement is invalid because “David Dennison,” allegedly the alias used for Trump, never signed it. Daniels used the pseudonym “Peggy Peterson.” But even before Daniels came into the spotlight, a number of women claimed that they signed confidentiality agreements as part of settlements made with Harvey Weinstein. And Olympic gold medalist McKayla Maroney signed one as part of a settlement following sexual abuse by USA Gymnastics team doctor Larry Nassar, recently sentenced to up to 175 years for his crimes. Here is what consumers need to know:

These sorts of agreements can go by many names, said Donna Ballman, an employment lawyer and author of the book “Stand Up For Yourself Without Getting Fired.” “Nondisclosure, hush, confidentiality — no matter what you call it, they are probably the same thing,” Ballman said.

These types of agreements keep one or more parties from disclosing terms of a settlement. These agreements will disclose what information can, and can’t discuss to the public, and over what period the agreement can be discussed.

In some cases, hush agreements will include non-disparagement clauses that bar someone from saying negative things about the other people who formed the agreement, Ballman said. While recent examples have predominately involved instances of sexual harassment or assault, they can be used for a variety of settlements. Ballman said consumers were most likely to encounter them in product liability settlements or as part of severance packages. Start-ups and inventors may use these agreements to prevent them from revealing proprietary information, while researchers may employ them among participants in studies. Public figures may use them for domestic staff, including housekeepers and even babysitters.

If this agreement is ever broken, then there are more than likely financial consequences. In certain cases if an NDA is in an employment contract, it can be grounds for being fired, and in even rarer cases, it can result in jail time if a court finds that the breach constituted theft of proprietary information. The Weinstein scandal has prompted many to question the use of nondisclosure agreements, particularly in the context of sexual harassment.

Consumers should be aware of their rights before signing such agreements. The National Labor Relations Board believes that non-disparagement provisions that prohibit employees from criticizing a company’s executives publicly are an unfair labor practice. And federal civil rights law supersedes settlements that seek to prevent someone from filing sexual harassment charges, which means you may still be able to file a sexual harassment lawsuit even if you’re signed an NDA. Ultimately, a consumer should seek legal counsel and carefully weigh what information would have to remain confidential under such an agreement and what effects that could have. “Contrary to NDAs that permit parties to do business together or protect proprietary rights, NDAs that hide harassment withhold crucial information from the profession and the public,” Annie Hill, an assistant professor at the University of Minnesota, wrote regarding the Weinstein allegations.

As the article states, when it comes to any type of legal matter be sure to consult with an attorney, before signing any legal documentation. If you’re interested in learning more about having access to the legal system be sure to contact me. I also will add this thought. What culture says is right may not always be right. Culture constantly shifts and changes, if internally in your heart you know it doesn’t line up with your moral system, then it’s possible that it may not be correct. Be mindful of the company you keep and reach out to them for their thoughts. Don’t do life alone.

This week, I’ve included THE WAKE UP CALL | You Will Stop Wasting Any More Time from the Video Advice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG


February 24, 2018

Items in italics are direct quotes from the articles below

Have you ever wondered how people earn money making videos on YouTube? Talent manager and content producer Reuven Ashtar sat down with Jessica Abo to discuss how his Never Napping clients, ranging from The Sorry Girls, Molly Burke and Amanda Rach Lee to The Icing Artist and Aydian Dowling, became YouTube stars, and what it takes to be successful. People make money through YouTube by having followers watch their videos or through brand deals. Other streams include live events or merchandising. Reuven represents a team of strong content creators, and spends his time managing them and assisting them in creating material. He best describes the Youtubers as individuals that make two short films a week. For the new Youtuber, Reuven advises you ask yourself some questions:

Is it your captive audience you’re trying to please? Are you trying to get a new audience and how can you win? You build an audience over time. You don’t just create one thing.

It’s about consistent growth, and subscribership growth.

The author points out that coming from a journalism background she assumed that it was about 80% on production and 20% on marketing, but in the YouTube the opposite is true. With the power of the Information Age, you can spend your message globally for free. What is your impact on legacy and eternity?

In this video, Entrepreneur Network partner Brian Tracy breaks down seven simple techniques you can use to improve your memory. Whether you just want to make sure you nail your next presentation or need to have a long-term system, these techniques can help you have the most important information in your hip pocket when you need it most. All of the techniques Tracy cites to improve memory are fairly simple, but many of them require dedication in order to be effective. For example, Tracy’s first piece of advice on how to improve your memory is to over-learn the material. If you are overprepared, then even if you forget tangential points, you will have such a firm grasp on the fundamentals that you won’t need to worry about remembering. Brian states that there are 5 proven strategies that can maximize your retention, and in this video, he states seven techniques. One strategy is reducing the amount of interference around you. Interference is when the information you’ve previously learned is interfering with the information you’re currently learning. To limit interference, he suggests over-learning the material. if you recall the information without a pause for thought then you’ve over-learned it. Other strategies include making the information meaningful and using four color pens. Using colored based inks allows you to use color image-based techniques to anchor images with memories. Also space out your study sessions, and practice whole and part learning. Read the material all at once quickly and then go back and ingest it in parts. You can also recite the material that you’re trying to memorize, and this technique was used by Abraham Lincoln himself. Finally use a study system, have a game plan and act on it. Your incredible brain can take you from rags to riches, from loneliness to popularity, and from depression to happiness, and joy if you use it properly.

This week, I’ve included SELF DISCIPLINE – Motivation for Daily Discipline (Video Advice) from the Video Advice YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

February 10, 2018

For the sake of consistency, posts will start in the month of February, and be bi-weekly.

Items in italics are direct quotes from the articles below

Whether you’re in the steel industry, fashion or IT, selling is integral to your company’s success. A good sales team, though, does more than just sell product. Sales roles are customer-facing and interact with prospective customers, too. They’re responsible for bringing in and keeping a steady stream of business. It’s a good idea to keep in mind that your salespeople have the potential for greatness — potential you can use strategically to your advantage. At our company, the value of a good sales team has come into sharper focus with every passing year. In an increasingly competitive marketplace, there’s an urgency like never before. Businesses must stand out with a unique and clear value proposition. Having a great product is one way to rise above the crowd, but it’s far from the only way — or even the best. Here are five things your sales team is selling besides product, whether they realize it or not. And if they don’t already, it’s important they begin to ASAP. Those five things are: Your story, your culture, your team, your processes and services, and the truth. For me the order is important, so it’s worth noting that the author stated that the first of the five things is your story. As the first people who speak with potential customers, your salespeople are front-line brand ambassadors for your company. They’re selling your reputation. Even more important, they’re telling the story behind who and what you are, how you got there and where you’re going. It’s important for the sales team to be able to be story tellers. The story of the company should be deeply ingrained into the person’s mind. If the person is passionate about where he works, then he will easily share the company to others both on and off the clock. Even if the person is new to sales then the team should take it upon themselves to educate the person and help the person become comfortable about telling the story of the company. Personally, when I went to interview for a job I wanted, I researched the company and was able to tell the hiring manager everything about the company itself. Last — but certainly not least — it’s vital that sales teams are honest. Too many teams use fabrications and hyperbole to bring in sales. Their people don’t consider the consequences of these tactics until after the fact. Think about it: If you sell someone a lie, especially in today’s digital age, it will come back to haunt your company. It could be in the form of a bad online review or even a lawsuit. This year I’m re-building my life around the Principle of Honesty. It’s not that I was dishonest before, but I will say when you live out this principle, it gives you a level of energy you didn’t realize you had before. Whatever is in the darkness will eventually come to light. Don’t be a slave to the numbers but be true to yourself and your own integrity.

When Apple co-founder Steve Wozniak was young, he defined a successful life for himself — one that, despite its radical simplicity, has worked for almost 50 years. “I thought out my philosophies when I was about 20 years old … How do you do in life? … How do you become a good person?” explains Wozniak, speaking at the at the Nordic Business Forum in Stockholm on January 24. He continues, “It if I died and had all this wealth and yachts and all this stuff, would I be as happy as when I laugh? And I thought about pranks I played and jokes I had told and music I would hear that would make me smile, and I came up with my formula that life is about happiness.” Yes, a formula. Always the engineer.
His simple formula is Happiness equals smiles minus frowns or H = S – F. Woz describes the best way to decrease the number of frowns by decreasing how much you care you are going to frown. When bad situations happen, let the situation go. In these situations, complaining or blaming others is just going to make things worse, says Wozniak. So will judging other people. “And don’t argue. Don’t argue! You don’t win an argument, you just walk away unhappy,” says Wozniak. “You only have to convince one person in life, and that is yourself. I think that he consistently forgives or releases others in a way that allows him to smile more. It’s this attitude that drew him into computers. It wasn’t the money. “I was never into money in any way — finance — to this day I have never used Apple stock app, I don’t buy and sell stock,” Wozniak says. In fact, Wozniak sold virtually all his bitcoin holdings when the price shot up so he wouldn’t be compelled to watch the price yo-yo. “I don’t want that kind of care in my life. Part of my happiness is not to have worries.” Of course, Wozniak is worth millions, by one account as much as $100 million, so perhaps that’s easy to say. But there is one thing that makes him mad, he says: illogical, counter-intuitive machine user experience. Your core values and principles will drive your personal and professional life. I recommend using these values completely. Let who you are in private be who you are in public. Let there be no division, so you can truly experience happiness.

This week, I’ve included Most Powerful Speech Ever Given! – TD JAKES Motivational Speech [MOTIVATION 2018] from the Motivation Archive YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

December 30, 2017

Items in italics are direct quotes from the articles below
Study after study shows that sacrificing your health, sleep or relationships to get ahead will ultimately destroy you – and any short-term progress you make will be lost in the commotion. Today’s startup culture romanticizes “crushing it” at all costs, but one of the wisest takes comes from the old-school, recently deceased speaker Jim Rohn. Here he is in his classic program, The Art of Exceptional Living:

The best contribution you can make to someone else is self development, not self sacrifice. Self sacrifice only breeds contempt. Self development earns respect… If I work on myself and become more valuable, think of what that’ll do to our friendship.

Self-sacrifice is obviously caustic to you, but it is even more harmful to what you create and who surrounds you. As a leader when you take on a self-sacrifice point of view then you tell those underneath to follow that point of view. In this case, you are willing to sacrifice a long-lasting contribution for a short burst of potential success. Don’t be surprised if others follow your lead in all their work decisions. Self-sacrifice puts more pressure on those around you also. The best way to change this path is to take time for yourself, build an accountability group, and start healthy habits now. It’s important to take these small steps and surround yourself with others that you can communicate honestly and openly with. Not just your business, but your personal life also. It’s even better to have someone you can tell your deepest and darkest areas of your life. Having just one person will release the burden off your consciousness.

At the height of the dot-com bubble in late 1999 and early 2000, Masayoshi Son’s net worth was surging by $10 billion a week. For three days, he was the richest person in the world, Son said. But before Son had a chance to tell anyone, SoftBank Group Corp. crashed. The company’s shares plunged 75 percent in two months and were 93 percent lower at the end of 2000. The business almost went bankrupt. Son lost much of his wealth. “Somehow, I survived,” Son said in an interview on “The David Rubenstein Show: Peer-to-Peer Conversations.” “At that time, I said, ‘Now is the time to go next stage, which is the internet will become mobile internet.'”

This hyperlink includes the video interview of Son. The important lesson to learn is how to survive, and how to learn from your past failures.

This week, I’ve included IT’S TIME TO MAKE BETTER CHOICES – 2018 New Years Motivation from the Basquiat Picasso YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG