Book review posts, Thoughtful Thursday posts, Uncategorized

Thoughtful Thursday – September 14, 2023

Life Kit – Scarfing down your food? Here’s how to slow down and eat more mindfully
Fit, Healthy & Happy Podcast – 8 Essential Habits to Become Ultra Fit
Mentally Stronger with Therapist Amy Morin – The Truth About Alcohol and Addiction Recovery with Former School Principal/Author Daniel Patterson
The Jordan Harbinger Show – Dr. Sohom Das – Rehabilitating the Criminally Insane

This week I listened to this podcast AND read the book “In Two Minds: Stories of Murder, Justice, and Recovery from a Forensic Psychiatrist” written by Dr. Sohom Das.

Book review posts, Uncategorized

13 Things Mentally Strong Women Don’t Do

  • What’s not helpful: violating rules out of laziness or disrespect, waiting for everyone else to take action first, following the rules without considering whether they’re helpful, and going with the flow even when you don’t want to
Book review posts, Uncategorized

Anxiety & Tools for Recognizing and Coping With It

“Why am I so Anxious? Powerful Tools for Recognizing Anxiety and Restoring Your Peace” was a very thorough, educational, and interesting book written by Dr. Tracey Marks, a board-certified psychiatrist with a YouTube channel. This book covered anxiety symptoms, anxiety disorders, other conditions that can cause anxiety, medications available, and tools to relieve anxiety through manipulating your body and through changing mindset and perspective. Although I don’t have diagnosed anxiety, I was curious to learn more about anxiety.

Anxiety is the anticipation of a future threat. This threat can be real or imagined. An uncontrolled amydala and overactive default-mode network are two of the biological bases of anxiety. You can change your wiring. Neuroplasticity is the ability of the brain to remodel itself over time.

Anxiety physical symptoms include:

  • rapid heart rate
  • chest pain
  • choking or diffulty swallowing
  • sleeping problems
  • sweating
  • tremors
  • nausea
  • decreased appetite
  • heavy breathing
  • lightheadedness
  • numbness and tingling
  • heat sensations or chills

Anxiety mental symptoms include:

  • feeling on edge
  • worry
  • concentration problems
  • memory problems
  • assuming the worst
  • fear

Long-term effects of anxiety include:

  • trouble concentrating
  • headaches
  • fatigue
  • high blood pressure
  • increased resting heart rate
  • lower immune system
  • worsening of respiratory problems
  • insomnia
  • body aches
  • low sex drive
  • irritability
  • gastrointestinal problems
  • depression

Anxiety and depression are highly comorbid. They occur together most of the time, making them more difficult to treat.

Anxiety conditions – from most to least common:

  • specific phobia (18.4%)
  • social phobia (13.0%)
  • post-traumatic stress disorder (10.1%)
  • generalized anxiety disorder (9.0%)
  • separation anxiety disorder (8.7%)
  • panic disorder (6.8%)
  • agoraphobia (3.7%)
  • obsessive-compulsive disorder (2.7%)

Obsessive-compulsive disorder (OCD) can also cause anxiety. Although people often joke about others “being” OCD or having OCD, OCD is a serious condition that impacts daily life and requires four out of these eight features to meet diagnosis criteria: rigidity and stubbornness, stinginess, hoarding, perfectionism, fixation with details, reluctance to delegate, excessive work productivity, and strict moral standards. For those with OCD, rules and principles supercede relationships. They have an extreme need for control and autonomy.

Treatment options for anxiety include:

  • Medications. For those who don’t want/need to take medication every day, benzodiazepines can be taken as needed/infrequently. There are no side effects without long-term use. Magnesium supplements are also effective.
  • Aromatherapy
  • Accupuncture
  • Attention tools: mindfulness, meditation, grounding, 5-4-3-2-1 environment awareness
  • Thought control tools: journaling, gratitude, affective labeling, affirmations, worry time, and reframing
  • Body tools: breathing, probiotics, increase activity level and sleep time, weighted blankets, intermittent fasting, nature sounds ASMR, coloring, laughter, exposure exercises

These handy toolkits were included in the book:

One common symptom of anxiety is having cognitive distortions. These distortions spell out the mnemonic SCALPED MOP:

  • “should” statements
  • catastrophizing
  • all-or-nothing thinking
  • labeling
  • premature conclusions
  • emotional reasoning
  • discounting the positive
  • magnifying and minimizing
  • overgeneralizing
  • personalization

To overcome these cognitive distortions, challenge the thought.

  • Is the evidence based on what someone said or did in this situation. or is it based on inferences, hunches, and past experiences?
  • Am I holding myself to an unreasonable standard?
  • Have I considered other possibilities before drawing these conclusions?

This book was so educational and interesting!

Highly recommend! ⭐⭐⭐⭐⭐

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

The Top Five Regrets of the Dying

“The Top Five Regrets of the Dying” was written by Bronnie Ware, an Australian author, inspirational speaker, songwriter, and mother. This book was inspired by a blog post from the author with the same name, and this book has been published in 32 languages. Bronnie worked in palliative care, and to be honest, I felt bored while reading at times. This book seemed to be focused more on the author’s autobiography than the regrets of the dying.

The most common regret is the regret of not having lived a life true to themselves. This was also the regret that caused the most frustration, as it was realized too late.

The top 5 regrets of the dying:

1. I wish I’d had the courage to live a life true to myself, not the life others expected of me. Compassion starts with yourself. If we are all to become a product of our environment, the best thing you can do is to choose the right environments that suit the direction you want your life to move towards.

2. I wish I hadn’t worked so hard. There is nothing wrong with loving your work and wanting to apply yourself to it, but there is so much more to life. Balance is important. Our true value is not what we own, but who we are. Nobody wished they had bought or owned more. What most occupied the thoughts of dying people were how they lived their lives, what they did, and whether they made a positive difference to those they left behind (family, friends, community, etc.)

3. I wish I’d had the courage to express my feelings. If you are already carrying guilt from things left unsaid to someone already dead, it is time to forgive yourself. You are not honoring your life by carrying guilt forward.

4. I wish I had stayed in touch with my friends. Don’t lose touch with the friends you value most. Those who accept you as you are, and who know you very well, are worth more than anything in the end. Don’t let life get in the way. Give yourself the gift of their company.

5. I wish that I had let myself be happier. Allow yourself to be happy without guilt. Don’t allow the opinions of others to become a part of who you are. Happiness is a choice.

We spend so much time making plans for the future and depending on things to happen at a later date to assure our happiness, or we assume we have all the time in the world, when all we ever have is our life today.

We miss out on a lot of potential happiness when we focus too much on the results rather than the journey. It is easy to think happiness depends on something falling into place, but things fall into place when happiness is already found.

The peace each of these people found is available now without having to wait until our final hours. We have the choice to change our life, to be courageous, to live true to ourselves, and to live without regrets.

Be who you are, find balance, speak honestly, value those you love, and allow yourself to be happy. Smile and know that this time will pass and good will follow.

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

Still Doing Life: 22 Lifers, 25 Years Later

“Still Doing Life: 22 Lifers, 25 Years Later” was an eye-opening book written by Howard Zehr and Barb Toews, who first interviewed people in this book in the early 1990s and followed up with them in 2017. Their first interviews resulted in the book “Doing Life: Reflections of Men and Women Serving Life Sentences.” Of note, those who have not managed to mature and change for the better are underrepresented in this book. This book was also published by New Press, a nonprofit public interest publisher.

MANY statements stood out to me. I didn’t agree with all of them but enjoyed reading new perspectives. The quotes I took from this book emphasized the weight of uncertainty of life sentences/release dates, prison sentences harming families and loved ones, rehabilitation, justice, trauma healing, and restorative justice.

Disclaimer: These are quotes that resonated with me. I do not agree with all of them. I am sharing them as simply quotes to provoke thinking, and these are not necessarily my views or opinions or those of my employer.

“The meeting with the victim’s family, telling her what actually happened, was the best thing in my whole incarceration. She told me what the loss meant to her and was understanding of what it’s done to me, and how I’ve changed and grown. It’s rewarding to know that, even after 35 years, they aren’t hating you, being vindictive, or wishing you were dead. They’re on my visitor’s list, send letters and cards, and have written letters for my commutation.”

“People think that rehabilitation means the system has succeeded in their program to be rehabilitate you…you have to rehabilitate yourself. There are women who have been here almost as long as I have who are no further ahead than the day they stepped in. There are others who are a true success story. These women chose to grow and to rehabilitate themselves, to make their lives not only suitable for the outside, but very suitable for living in prison.”

“I don’t favor life without parole because I think anyone can change. To say a person made a mistake and then lock them up for the rest of their life is inhumane. Actually, I would describe a life sentence as a death sentence. There’s a good possibility you will never get out.”

“They got a whole lot of lifers that they need to let out. Lifers could be an asset on the street because lifers know what it’s like to be out there. They are wasting the taxpayers’ money. They’re wasting a lot of good minds. I could talk to children and tell them what it’s like to drop out of school and get involved with drugs because I’ve been there before. If you can give a child any kind of experience, it’ll help more than telling them they shouldn’t do something.”

“Now I understand NOT the excuses for why it happened, but why it happened. It makes me able to accept my blame and not use someone else as a scapegoat. I know what I allowed with my codependent actions, my need for someone else, my fear of abandonment, the fear that I couldn’t make it on my own. Now I don’t think there’s much I can’t do on my own. Today I’m a healed individual. I’m more understanding and compassionate, but not to the point of letting someone else use me again. I’m a supportive individual, but there’s a limit to my being able to give beyond my boundaries. Before, I didn’t know I had boundaries.”

“I believe I’ve been forgiven by my God and myself, but it’s the forgiveness of the family of the victim and my family that’s the problem. I’m deprived of the opportunity to face them. If locking me up for the rest of my life would bring my victim back, I would understand. But that’s not the case. Justice without mercy isn’t justice. I need to be punished, but I need mercy to be fully restored.”

“It’s been rough on my family to see me here. It hurts them more than it hurts me. I know what’s going on with the family and children, but I try not to interfere with their lives. I’m the one who’s being punished, but they’re being punished too. It hurts more than it’s supposed to.”

“I would describe a life sentence as doing something you don’t want to do, being with people you don’t want to be with, being somewhere you don’t want to be. Not having your fate within your control. Life without parole is a death sentence without an execution date. You should be able to live in anticipation of something. The anticipation involved in being without you freedom should be the anticipation of being free.”

“I lived in a prison in my own home with an abusive husband. When I first came to jail, it was a refuge. I didn’t have to worry if he was going to kill me. But it didn’t take too long for the reality to set in. I’ve gone through stages. There was a period when it wasn’t hard, because the life I had before was rough. When I came to jail, I was safe for the first time. Now it’s getting really difficult. I’ve done everything I can do here. I’ve taken every opportunity the prison offers.”

“Many of us have grown up since we’ve been here. Our thought processes have certainly changed, so we want to feel and live this humanity, and live a normal life. I don’t know how we can sugar coat that it’s a totalitarian system here. It’s like: feed the dogs two times a day, let them go out to the bathroom, let them run around a little bit, then put them back in.”

“I was put in prison because I was a danger to society. I realize that. They did the right thing. But now, having lived in prison for the last 30 years as a responsible, model prisoner? I’ve worked in the recovery program. I’ve started programs at different prisons I’ve been at. I’ve made a responsible life in here. I’m no longer a threat. Why do I have to continue to be held in prison, when I can go out there and replicate exactly what I’m doing here? Especially after the prison has done what it’s supposed to do as far as transforming and changing individuals.”

“I’m not requesting commutation. They would notify the victim’s family, and they would have to go through this all over again. I couldn’t do it. I’ve been able to work through the crime myself, but to put them through it? No. I accept being here. I’m okay with that.”

“If I had one wish, I would ask to get out of jail and have the opportunity to reestablish my family life and myself as a productive citizen in society. Do the things the way that I should have done the first time I was out, like being more active in the community and with children so I could influence those who may be heading in this direction. Incarceration is an experience that sticks with you, but you can share it with people – not to intimidate them, but to try to convince them that this isn’t a worthy lifestyle.”

“Just because you’re in prison doesn’t mean you have to be hard and cold. Sometimes the smallest thing like a smile or a word of concern can lift someone so high. I refuse to let this place make me afraid to be human. I refuse to walk around here with my head hung down, and I refuse to let authority strip me of my pride and my dignity and my sense of who I am. I may be an inmate, a prisoner, whatever label you choose, but I am a person first.”

“That was restorative justice for me: Did I have things in my life that needed to be restored? Could I truly see other people’s positions besides how things affected me? How were other people affected by things that I might have done or said?”

“Trauma not transformed is often trauma transferred. Hurt people hurt people.”

Trauma healing requires safety, acknowledging painful experiences, and reconnection. People must “find themselves” in ways that restore self-worth, such as uncovering new skills, interests, and gifts. They must create community by participating in educational, therapeutic, and service programs and organizations. They must also value and nurture relationships outside prison walls by addressing people impacted by their actions, especially those most directly victimized by them.

“Meaningful accountability in the case of total violence is difficult to conceptualize because a deceased person cannot be brought back to life. Loved ones left behind know this better than anyone. Yet accountability is possible to some degree through the acknowledgement of responsibility for the violence, an understanding of the harm caused, taking steps to ensure the violence will not happen again, and paying it forward by helping others.”

This book was particularly interesting given my current career. To emphasize, these quotes are all taken from the book and do not necessarily represent my personal views or the views of my employer.

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

The Story of You – Enneagram Types and Rewriting Your Story

“The Story of You” is a book written by Ian Morgan Cron, an author, psychotherapist, Episcopal priest, songwriter, and founder of the Typology podcast. Using the nine Enneagram types, Ian revealed the broken stories that each type adopts and inhabits in childhood to make sense of the world and explored how to rewrite the self-sabotaging stories you tell yourself about who you are. I had SO many take-aways from this book, and it was among my top 20 favorite books I read in 2022.

All nine Enneagram types were explored in this book in detail, and it was evident that I am mostly a type ONE on the Enneagram. Ones are well-behaved, mature, inherently principled natural leaders who want to know the standards and principles of morality, decency, and integrity and adhere to them. Ones are perfectionists always working to improve themselves and to be good, often expecting others to be the same way. Ones tell themselves that it’s their job to make the world a better place, so they work harder, do more, and put in extra hours to accomplish that.

Statements ONES relate to (aka the story of my life):

  • What I should do is more important than what I want to do.
  • I’ll finally be happy when I’m perfect.
  • I need to be good so people will like me.
  • I have to maintain control.
  • If I relax, all hell will break loose.
  • The risk of being criticized or judged is not worth the shame and self-judgment it could cause.
  • People will not accept me as a flawed human being.
  • Others won’t do as good a job as me.

For ONES, perfectionism is the source of unhappiness. The story Ones tell themselves includes self-improvement as the starting point for improving the world, so they are eager to pursue new systems, innovative practices, or fresh ideas that help them do more in able to be better. They often experience simmering resentment just below the surface waiting to boil over, self-condemnation for their imperfections, and exhaustion from always striving to improve and do more.

ONES breaking out of their own story:

  • make rest and relaxation a priority
  • schedule vacations/days off/downtime in order to recharge
  • stop worrying about what everyone else is thinking
  • accept themselves as they are, knowing that imperfection is essential
  • forgive themselves when they fall short
  • learn to endure disorder and chaos without running around and correcting others and modeling the right way to do things
  • let go of the need for certainty and extend grace to others for trying
  • realize that God’s love is not predicated on their accomplishments in perfecting themselves, others, and the world
  • Their new story starts when they begin to experience the virtue of serenity that comes when they accept that the world is imperfectly perfect and so are they.

You have control over the choices you make every day. You are the narrator of your own story. Assume control of your new story; don’t let your old story control you.

“Who would I be and what could I achieve if I pushed back against the false story about who I think I am and the nature of the world? What decisions can I make today to inhabit the new story that will help me become the highest and truest expression of myself?”

Ian Morgan Cron

I highly recommend reading this book if you want to rewrite your story!

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

The Simple Path to Wealth

“The Simple Path to Wealth” was a very interesting, educational, easy read written by JL Collins, author of the blog jlcollinsnh.com. This was an excellent book I read as part of a book club I’m in. This book contained so much useful information and emphasized Vanguard as a stellar option for investments due to low fees and the self-cleansing Vanguard Total Stock Market Index Fund (VTSAX).

Main take-aways:

Seek the least house to meet your needs rather than the most house you can technically afford.

The Vanguard Total Stock Market Index Fund (VTSAX) holds about 3,500 companies and is self-cleansing. The expense ratio is only 0.04% and it is low-maintenance.

International funds are an added risk with added expense and are already covered with VTSAX (U.S. and international businesses). If you still want international funds with Vanguard, you can include VFWAX, VTIAX, or VTWSX.

Target retirement funds (portfolios based on the year you plan to retire) are also an option, although expense ratios are higher (0.14%-0.16%).

3 tools: stocks (VTSAX), bonds (VBTLX), and cash. You can do 100% stocks now (VTSAX) and then later include bonds.

If there is no VTSAX option for your retirement account, look for a low-cost index fund or target retirement fund.

With Vanguard, you own your mutual funds – and through them – Vanguard itself. It operates at cost, resulting in lower expense ratios. There are no shareholders to pay, and no one at Vanguard has access to your money.

Why most people lose $ in the market:

  • We think we can time the market.
  • We believe we can pick individual stocks.
  • We believe we can pick winning mutual fund managers. 82% failed to outperform the unmanaged index in 2013. Only about 1% of active traders outperform the market.

Downsides of having an advisor:

  • Cost
  • Drawn not to the best investments, but to those that pay the highest commissions and management fees
  • Assets under management (AUM) fees cost you a lot in terms of compounding.

You are considered financially independent and ready to retire if you have saved 25x your annual expenses. Let’s say you pay a 1% management fee in retirement (most advisors actually charge more than 1%). If you are living on 4% of your retirement funds each year (the recommended amount), your advisor is costing you at least a full 25% of your income!

Using the 4% model, you may want to have a balance of 50% stocks and 50% bonds. 96% of the time, you will be able to live off of 4% each year for 30 years without fees. If you are paying a 1% fee, this drops to an 84% success rate. If you are paying a 2% fee, this drops to a 65% success rate. The solution is to have more cash saved, withdraw 3% of less, and be open to working part-time or relocate to save money. Do not set up an automatic 4% withdrawal plan! Instead, withdraw as needed.

A 401(k) or IRA is generally better than a Roth IRA. If you put $5,000 into a Roth IRA at a 25% tax bracket, you’d need $6,250. If you fund a 401(k) or IRA instead of a Roth IRA, you would still have the $1,250 to invest and would have huge returns over the years. Fully fund a Roth IRA only if your income is low enough that you’re paying little or no income tax.

When you leave a job, roll over your 401(k) or 403b into a personal IRA.

You are required to take minimum distributions at age 70 1/2 for your IRA/401(k)/403b. Shift your IRA to a Roth IRA to decrease the minimum distributions. Also, fully fund your HSA if you have one because it grows tax-free.

When I was reading this book, I had Roth IRA funds with an advisor that was charging over 1.25% in assets under management (AUM) fees + portfolio fees, and I didn’t even get to pick my investments! My money was not performing well with the portfolios he selected. I also had old 401(k)s with former employers.

Months after reading this book and researching on my own, I decided to combine my old 401(k)s into an IRA at Vanguard and I also transferred my Roth IRA to Vanguard. Through the conversion process, I learned the investments the advisor previously selected were awful, had high expenses, and probably resulted in high commissions, I had to pay various conversion fees to get out of those portfolios, and I transferred everything I previously had over to VTSAX with Vanguard. I also have a retirement savings plan with my current employer that is NOT at Vanguard.

My funds have been performing really well and I am on my way to achieving a big financial goal in the next year or two: have the equivalent of my annual salary saved for retirement (a goal many experts say you should achieve by age 30). I am behind according to experts, but I am grateful for the progress I have made and especially grateful for the low-maintenance portfolio with minimal expenses that Vanguard offers.

This educational video covers VTSAX.

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

The Upstarts (Airbnb & Uber)

“The Upstarts” written by Brad Stone is a fascinating book about the history of Airbnb and Uber and the challenges the companies faced along the way. This was selected as a Best Book of the Year by the Washington Post, Forbes, the New Republic, The Economist, Bloomberg, and Gizmodo.

Airbnb can be considered the biggest hotel company on the planet, yet it possesses no actual hotel rooms. For most of its first year, Airbnb was a side project that many dismissed as wildly outlandish. After 8 years, investors valued the company at $30 billion, more than any hotel chain in the world! It is now valued at $73 billion.

Uber is among the world’s largest car services, yet it doesn’t employ any professional drivers. Uber’s potential was underestimated and thought to be just for San Francisco, but the valuation is now $77 billion, more than any other privately held startup company in the world! Uber brings new transportation options to low-income neighborhoods that aren’t served well by yellow taxis. It creates flexible jobs for the unemployed, immigrants, and students looking to finance their education.

History:

Airbnb’s first rental was on October 16, 2007 during the World Design Conference in San Francisco, in which an airbed was rented for $80/night. This was when the website was a Free WordPress site: airbedandbreakfast.com. On New Year’s Eve in 2015, Airbnb booked 550,000 guests. On New Year’s Eve in 2016, Airbnb booked a whopping 1 million guests!

Uber is the partial result of research completed by Tim Ferriss. Tim researched comparable services, market, logistics, feasibility, and cab-industry dynamics and reported to Garrett Camp.

Some investors:

Some Airbnb investors include Jeff Bezos and Ashton Kutcher.

Some Uber investors include Chris Sacca, Ashton Kutcher, Jay Z, and Britney Spears. Chris Sacca was the earliest angel backer and invested $300k

Challenges:

Uber sidestepped laws requiring professional drivers to undergo rigorous training/fingerprint-based background checks and expensive government-issued chauffeur licenses. It faced resistance from taxi companies.

Airbnb is criticized for worsening the housing shortage, driving up housing costs, skirting hotel taxes, and violating short-term rental laws in some cities.

Concerns:

Airbnb concerns include safety, international competition, regulation, and executive recruitment.

Uber concerns include surge pricing to increase the number of rides and UberX to help Uber drivers finance the least of a new vehicle.

The cover of this book featured a wave. I love this quote explaining the cover:

“If you want to build a truly great company, you have got to ride a really big wave. And you’ve got to be able to look at market waves and technology waves in a different way than other folks and see it happening sooner, know how to position yourself out there, prepare yourself, pick the right surfboard – in other words, bring the right management team in, built the right platform underneath you. Only then can you ride a truly great wave. At the end of the day, without that great wave, even if you are a great entrepreneur, you are not going to build a really great business.”

This book was a fascinating read!

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

The 7 Habits of Highly Effective People

“The 7 Habits of Highly Effective People” is a very interesting and educational book written by Stephen R. Covey. I highly recommend this book and am certain everyone can get something out of this book.

Habit 1: Be Proactive

How often do you use and hear reactive phrases such as “If only,” “I can’t,” or “I have to?”

Use your R & I! Use your resourcefulness and initiative when problems arise!

Problems = direct control vs. indirect control vs. no control

  • Direct control problems are solved by working on our habits.
  • Indirect control problems are solved by changing our methods of influence.
  • No control problems involve taking the responsibility to change the line on the bottom of our face — to smile, to genuinely and peacefully acccept these problems and learn to live with them.

Between stimulus and response, man has the freedom to choose.

Viktor Frankl

Habit 2: Begin with the end in mind.

Picture your funeral. What would your family, friends, coworkers, and church members or community say about you? What character would you like them to have seen in you? What contributions or achievements would you want them to remember? What difference would you like to have made in their lives?

Habit 3: Put first things first.

The cause of almost all relationship difficulties is rooted in conflicting or ambiguous expectations around roles and goals. Many expectations are implicit. They haven’t been explicitly stated or announced. It is important to state expectations.

Many people refuse to delegate to other people because they feel it takes too much time and effort and they could do the job better themselves. Transferring responsibility to other skilled and trained people enables you to give your energies to other high-leverage activities. Delegation means growth, both for individuals and for organizations.

You can’t think efficiency with people. You think effectiveness with people and efficiency with things.

Stephen R. Covey

Habit 4: Think win-win.

Win/win = a frame of mind and heart that constantly seeks mutual benefit in all interactions. Seek to understand, identify the key issues and concerns, determine what results would constitute a fully acceptable solution, and identify possible new options and achieve those results.

Habit 5: Seek first to understand, then to be understood.

Seek first to understand, then to be understood. Most people listen with the intent to reply.

Continuous deposits are needed. 6 major deposits: understanding the individual, attending to the little things, keeping commitments, clarifying expectations, showing personal integrity, apologizing sincerely when you make a withdrawal.

Habit 6: Synergize.

As a principle-centered person, you try to stand apart from the emotion of the situation and from other factors that would act on you and evaluate the options. Looking at the needs that may be involved and the possible implications of various alternative decisions, you’ll try to come up with the best solution, taking all factors into consideration.

The person who doesn’t read is no better off than the person who can’t read.

Stephen R. Covey

Management is doing things right. Leadership is doing the right things.

Stephen R. Covey

Habit 7: Sharpen the saw.

Life life in crescendo. The most important work you will ever do is always ahead of you. Regardless of what you have or haven’t accomplished, you have important contributions to make.

What one thing could you do that, if you did it on a regular basis, would make a tremendous positive difference in your personal life? What one thing in your business or professional life would bring similar results?

4 dimensions of renewal

Daily Private Victory- Spend a minimum of one hour a day in renewal of the physical, spiritual, and mental dimensions. This is the key to developing the 7 habits.

I highly recommend this book!

I look forward to reading, learning, and sharing more with you soon!

Book review posts, Uncategorized

Killing Sacred Cows: Overcoming Financial Myths

“Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity” was written by Garrett B. Gunderson and was both educational and interesting. In the financial world, sacred cows are the myths and traditions that distort our thinking about money, wealth, success, and prosperity. I don’t agree with all of the information provided, but this book left me pondering and learning about new perspectives.

This book emphasized finding your soul purpose and maximizing your human life value. In a nutshell, your soul purpose is utilizing your talents, abilities, and passions productively and effectively to make an impact on the world and bring joy to you and others. Human life value is your combination of knowledge, skills, and abilities you can use to increase your income.

The first step to increasing our human life value is education. Then, we must take action on what we have learned and dedicate ourselves to finding and living our soul purpose. The ultimate end of every one of our decisions should be to get us closer to finding and living our soul purpose. What strengths, abilities, skills, or advantages do you feel could be utilized to create maximum value in the marketplace?

Learn to prioritize value and utility over price. Would you buy it if it weren’t on sale? Consider opportunity costs. Most financial advice focuses on cutting costs and saving. This book takes a different approach. Instead of “I can’t afford this” ➠ “How can I create more value in the world so that I can afford this?”

Banks make $ without big risks. They check your credit, secure their investments with collateral, require a down payment, determine interest rate/payment/period, sometimes impose prepayment penalties, cover their investments with insurance, and transfer their risks to the borrower in any way possible. We as investors/gamblers don’t have any of these risk management tools.

Three quotes about retirement resonated with me:

“Our goal should never be to become millionaires; our goals should be based on what will bring us our ideal quality of life and the highest level of happiness.”

“The ultimate end of every one of our decisions should be to get us closer to finding and living our soul purpose. If you found your soul purpose, would you ever want to retire?”

“What are you waiting for? Why not live like you really want to today instead of buying into the financial myths that tell you that your dreams are only possible in retirement?”

This author really emphasized that 401(k)s are a “scam” due to limited opportunity for cash flow, lack of liquidity, market dependency, lack of knowledge, administrative fees, underutilization because of tax deferral, higher tax brackets upon withdrawal, estate taxes, no exit strategy, no guarantees, no control of performance, and a penalty for withdrawing early. While I understand his points, I’m unsure of alternatives, as the author didn’t delve into them. It is important to be aware of fees, investment options, and vesting schedules when contributing to a 401(k).

This book presented some new information and perspectives, but was not comprehensive. It can be part of your financial education, but there are better financial books out there that are more educational.

I love forward to reading, learning, and sharing more with you soon!