Tips on leadership

It is just as important to reward good behavior as it is to punish misconduct.

When an employee’s (or a child’s) negative behaviors are tolerated, it can be detrimental to the health, mindset, and culture of the rest of the business (or family).

Remember to praise in public and to reprimand in private. This is a general rule (some people need to be scolded in public if, after several attempts to talk in private, doesn’t work).

Care about people first. When you show you care about them, that you respect them, they will work harder to achieve a common goal.

Lifestyle creep, material possessions, and happiness

“People who live far below their means enjoy a freedom that people busy upgrading their lifestyles can’t fathom.” – Naval Ravikandt

Don’t fall victim to lifestyle creep. If you were happy living on “X” salary per year, as you make more money, you can still be happy living on that same salary. Buying more expensive things doesn’t make you happier, not in the long run. But sharing meaningful experiences with people you care about will bring you lasting happiness. Happiness is a state of mind, not a state on the map. If you’re not happy where you are, moving will not make it better. You must change your mindset to change your life. Choose to be happy. Life is too short to choose anything else.

Thoughts on finance, student loans, and taking ownership of your life

“Even today, what to study and how to study it are more important than where to study it and for how long. The best teachers are on the Internet. The best books are on the Internet. The best peers are on the Internet. The tools for learning are abundant. It’s the desire to learn that’s scarce.” – Naval Ravikandt

That’s the sad part about the student loan crises that we have going on right now. People are going into major debt (a debt that is not even forgiven if you declare bankruptcy) for an obsolete product. Many adults, including myself, graduated from school and do not get paid to do whatever they received their degree in. I feel fortunate to have had some help along the way and be out of debt (I received a small amount of scholarship money – for working hard and applying, $10,000 was given to me to use for school, my aunt and parents would help with groceries when they could, and I worked between 25-30 hours per week the last three years of school. I also worked about 15-20 hours per week during my freshman year when the university recommended NOT to work at all that first year. Finally, I worked 40+ hours per week every summer and after graduating school, I worked about 65 hours per week with three jobs for the first six months to pay off any remaining debt). But many people choose not to work when they’re at school. Or they choose a school for prestige and do not care about the cost. If that’s the case, they have to accept responsibility for their debts. Yes, our country has a problem that we need to fix regarding the cost of schooling. But it does not owe anything to us. And if we can’t change what Congress is doing (if they’re not going to help), then we shouldn’t just throw up our hands and say “well, that’s just the way it is. Everyone has student loans, car loans, a mortgage on their home, and credit card debt. I guess I will too.” No. You should do what you can to avoid that. Apply for scholarships every day. Work your butt off. Go to a community college first then transfer to the in-state university/college of your choice that you can afford. Of course, you will be working the whole time and saving more than you earn. When it’s time to buy a house, don’t listen to the loan officer and get the most expensive house “you can afford.” You’ll be house-poor and end up taking an eternity to pay off your mortgage. Don’t burn through cash and live paycheck-to-paycheck. Trust me, you will be much happier when you’re not worried about bouncing a check or how you can afford your next meal.

Five attributes of a great leader

1. Courage. What leader has been great without also showing extreme courage? George Washington, Abraham Lincoln, Theodore Roosevelt, Franklin Roosevelt, Martin Luther King Jr…none of them were perfect (nobody is). But what separates them even from other great leaders is their ability to choose to be courageous when it would be easier to lay down. To be courageous, you must first have a clear understanding of what your core values are and stick to them. When times get tough, you will have a decision to make. Do you stay true to what you say your values are? Or do you let the easier choice make your decision?

2. Confidence. To be a leader, you must display confidence. This is not to say that you will always be confident in your decisions. Nobody knows what the future holds or how your decisions will work out. But, you must not let the unknowns paralyze you from making a decision. Instead, take a reasonable time to do your due diligence – research what experts are saying, ask those whom you respect of their opinions, and inject your own common sense into the equation – then act on it! Be decisive and show confidence in your decision. If you’re not confident in yourself, how can you expect others to have confidence in you? Who wants to follow a leader who is meek and not confident in their actions?

It’s easy to look back and say, “I should have done this or that instead.” But the fact of the matter is, you have to make a decision which you feel is best with the information you have at that time. Once you get new information, you can make a different decision. But don’t beat yourself up for not knowing what was unknowable at the time. You will never have all of the answers, so don’t wait to act until you have them. Perfection is the enemy of progress. Done is better than perfect. Be confident and unapologetic in your decisions.

3. Poise. Leaders are poised. They are calm under pressure. They don’t panic. They don’t lose their cool. They do not point fingers or play the blame game. When things get tough, they buckle down. They figure out what the real issue is (not just attacking the surface problem, only for another related problem to pop up…they go deeper to try to get to the root cause and eliminate it). They figure out who needs to do what and when it needs to be completed. They can explain the importance of why it needs to be done and delegate it to others to complete. They might give guidance on how to accomplish it, but they don’t micromanage. Micromanaging kills autonomy and sabotages morale. Leaders understand that people want direction, but they want the freedom to do it their own way. Giving someone that freedom shows you respect them and believe in them enough to get the job done on their own terms.

4. Abundance mindset. Leaders have an abundance mindset, not a scarcity mindset. Instead of looking at others who are successful and being jealous of them, they see them and try to figure how they can emulate and expand upon their successes. Competition leads to innovation.

5. Discipline. Leaders are disciplined and gritty. They understand that in order to consistently produce the results they want, they have to put in focused effort day-in and day-out. True success – success that lasts – requires more than a “one and done” kind of approach. You can’t expect to be great if you never practice. You have to continuously work to be better, to become more efficient, to look for new ways of solving problems. When you don’t feel like doing something important, do it anyways. Find your discipline muscle and use it. And when things don’t go your way, be gritty enough to keep at it. You can allow yourself to be temporarily discouraged, but use that as fuel to overcome the obstacles you’re facing.

How our thoughts make our reality

The world reflects your own feelings back to you. Reality is neutral. Nothing is “good or bad,” but our thoughts make it so.

Change your thoughts and you can change your life. Not only can you make things better or worse by what you do, but also what you say, think, and feel. Shift your mindset to a positive one, where every setback is another opportunity to learn and grow, and where every success is a stepping stone to greater achievement. Choose to be happy and helpful. Choose to not let others’ actions or words affect you, unless you it is to have a positive affect on you.