Most every person longs to make more money, receive that promotion, or get a raise. Unfortunately, this thinking is what’s holding you back from really opening the floodgate to a bigger paycheck.
When I was in college, I worked at a local grocery store for hourly pay. The money was good and the hours steady. But one day I realized what a mess I’d really gotten myself into. I realized, there was no way I’d ever be rich selling my time.
This is a post I wrote several years ago as advice to my cousin who was graduating high school. Today, I’ll be attending my brother Rees’s graduation from the University of North Texas. As college graduates across the country walk across the stage today, this is the wisdom I would shared with myself this same day eight years ago.
It’s graduation season and boy is it in full swing. Colleges around the country are celebrating their most honored tradition. The football field is green as can be. The smell of freshly cut grass fills the air. The old decorations that make their appearance only once a year are coming out for one more group of new graduates.
The hard work has paid off for these kids, it’s a time of joy and a time of fear as they open a new chapter after graduation and venture out into the world. Everyone is wondering who is going to give the next Steve Jobs worthy commencement speech? Families are gathering and wishing the young graduates well and much success. There’s cake and ice cream, presents, and great food. It’s a magical time for all.
Being able to quickly find good investments is a key skill of an investor. The best investors can sift through the clutter of the market to find 5 to 10 good investments and ignore the rest. But it takes a certain knowledge to be able to do this.
With nearly 19,000 publicly traded companies in the United States, trying to find 10 good investments can be time consuming. Fortunately, there is a simple way to sift through the data. You’ll be able to throw aside 90% of the stocks on the market and focus your attention on finding the best of the best.
Last Monday I put out a survey to my readers asking them one question. Would you prefer learning how to invest, grow a business, or both.
The results are in and the insight is interesting to say the least. There was one thing I learned from the survey that I didn’t expect at all.
Let’s face it, if you’re like most people, you’re likely stuck in a job you hate. Even if you quit your job and start your own business, you could find yourself stuck in a job you hate forever?
Despite finding success in the corporate world, I often found myself longing for a better way. I didn’t hate my job, I just hated things about it. I tried relentlessly to fix those things. After years of trying, I finally realized that the only way to fix a broken system is to destroy it and start over.
I’m passionate about investing and business. Specifically, I love investing in businesses. My career has been spent starting and growing small businesses. My past time has been investing in equities of larger businesses.
In an effort to best serve my readers, I’d like to know what interests you most. I’ve created content for investing in the stock market, start-ups, and your own family office. I’ve also created content about starting a business, leading a team, and maximizing profits.
Meerkat might have been the biggest star of this year’s South By South West (SXSW) event in Austin, Texas. Just as quickly as it grew, it began to fizzle when Twitter launched Periscope a few days ago. It doesn’t matter to me, I’m sticking with Meerkat for one simple reason.
Streaming through Twitter is a feature people have wanted for a while. In January, Twitter purchased Periscope to bring the people what they wanted. But Meerkat grabbed the first mover advantage by taking over SXSW.
Warren Buffett is notorious for buying a business, then leaving them alone for years. This is not very typical in the investing world but it proves he is making sound investments.
I’ve seen many companies acquired in long drawn out legal jousting matches. Pricing negotiations, conference calls, redlines, and hard nosed tactics are often the what goes into an acquisition. But it shouldn’t be.
Today at lunch I had the privilege of hearing a remarkable success story of a guy who quit his job, started a business, and in only one year, is living his dream. I wanted to share this story because it is the type of small business I love because it proves that anyone can quit their 9 to 5 and start something incredible.
A little over a year ago this guy was tired of his job as an investment banker. Imagine hearing people share with you their brilliant ideas, then you find them funding so they can go live it. All the while, you want to quit your own job. That was this guy’s story.
Today I’m pleased to publicly announce my departure from Allied Equipment, Inc. During the last eight years I helped grow the company’s revenue by 2350%. That equates to tens of millions in new revenues.
It was quite an impressive and fast paced run. The company is poised to grow further, recently starting a new field services business. Both their field services and engineering groups are lead by outstanding individuals whom I was very proud to partner with. I wish them all the best.
Ten years ago today I was loading a BBQ pit into the bed of a guy’s truck. Out of the corner of my eye, I saw a cute girl walking out of the grocery store. I dropped the pit and told the guy I had to “see about a girl.” He said “Good luck” as I sprinted across the parking lot.
I narrowly missed being hit by a few cars and a shopping basket. I finally reached her as she was cranking the engine on her bright red Mustang. I like to think it was my good looks, but she says she only rolled down the window because she thought there must have been an emergency. The truth is, there was.
This morning on my way to work I was listening to my Bible as I usually do. I was listening to Luke 19, a verse I had heard many times. This morning, however, the message came across differently. It hit me like a freight train.
Jesus provides us some wisdom on how to be a more efficient and effective leader in his Parable of the Ten Servants. I use the New Living Translation. Here is the part of the verse that hit me. I had to bookmark it. “And to those who use well what they are given, even more will be given.”
Being a leader is a tough job, but somebody has to do it. Leaders are those that are willing to take the tasks that others won’t do and ensure that they get completed in the best way possible for their team.
The journey is incredibly long and difficult, and it’s often one that others have a hard time seeing. In fact, many people who follow leaders don’t understand why it is that they are being asked to do something in particular, which may lead to discontent among the ranks.
Thursdays are my direct report days. I have back to back meetings with the people who report directly to me. But today, I’ve completely lost my voice.
Losing my voice brings into light just how much I rely on those around me. Times like these reveal just how well a team meshes and I’m very impressed with mine.
While the headlines are often dominated by shootings, riots, war, and other despicable acts, one headline has swept the country that is generous and heartwarming. The Ice Bucket Challenge.
The fact that people have gotten behind such a movement isn’t surprising. Nor is the fact that more than $50 Million will be raised for ALS (Amyotrophic Lateral Sclerosis) research.