It’s the call you don’t want to get. ‘Trent…you need to get to Atlanta. Shay has taken a turn for the worse.’
I was in Chicago’s O’Hare International Airport about to board a plane to New Orleans for Christmas when I got the call from my dad. Shay had fought sarcoma cancer for 12 years. In a way she had the upper hand….she knew her chances to live to be an old woman were slim. So, she lived everyday like it was her last.
After her death we spent three days before her funeral helping my brother-in-law put the pieces together. Here are a few things I learned during that time:
- Passwords: Shay ran the family finances. She had all of the passwords to all of the accounts…in her head. In the end, my brother-in-law was able to gain access to the bank and other accounts, but it took a lot of time and effort. Make sure your partner, or another person you trust, knows how to access all of the accounts in your absence.
- Have one place for important documents: Having your life insurance policies, wills, trusts, and another important documents in one place prevents your loved ones from having to search through boxes, drawers, and other places in your home or office. A home safe or a safety deposit box are great places to store important documents.
- Have a will: This will make sure your wishes after death are carried out. Shay had a will, but it didn’t include where she wanted to be buried or how she wanted the ceremony to go. Include all of your wishes in your will.
It’s been 808 days since Shay passed (from the day I wrote this). She was a great person. I miss her. But, I believe God had a plan for her. Shay’s personality blew up a room! She was strong, knew what she wanted, and fought until she got it. She was always the loudest person in the room and stood strong in her beliefs. Shay left a positive mark on this world. We could all apply a little of her life to ours. We can also learn a lot from her death.
If I can be of help to you, please feel free to reach out to me at firstname.lastname@example.org.
Love like today is your last,
Do you have a problem that is bothering you? A financial advisor can help you solve problem. Click here for Trent’s story on how he helped a client turn an interest into a source of income.
Don’t let negative thoughts get you down or control you. Click here for ways to change your mindset and start believing in yourself today.
I recently started a Transcendental Mediation class with my daughter. Yes, meditation and it is cool. As I’m writing this I am on day three of my practice. I realized last night during our class that this isn’t a quick fix for life’s problems. And it wasn’t designed to be. Rather it is a process that has a targeted result. The key word is process. A process that is repeated daily with no interruptions.
I have found with any success in life, process is key. Defined steps that will take you to a destination. Where this process is most absent is in personal finances. Being the person I am and what I was created to do, I’m going to give you a process to creating a stable financial future.
King of Cash
The following is a quick and easy step-by-step guide to help create personal and business profit.
Step 1) Income: What is your gross income? Write it down.
Step 2) Profit: What percentage of your gross income can be designated to be profit? Pick a percentage. One percent is fine – fifty percent is great. Pick a number.
Step 3) Profit Jar: Take a jar of some sort and put a label on it that says. “Profit Jar. Hands Off.” Put this jar somewhere everyone in the family can see it.
Step 4) Profit Put Away: Multiply your profit percentage by your income. This is the amount you will put in your Profit Jar each paycheck.
- Per paycheck income – $1500.00
- Profit per paycheck – 5%
- Multiply $1500 by 5% = $75.00
- Profit jar receives $75.00 each paycheck
After 24 paychecks, you will have $1800.00 in the jar. As this amount grows, review the profit percentage amount you are putting in the jar. Can you do more?
Step 5) Expense: The amount left after subtracting your profit from your income is what is designated to expenses and cash reserves.
Paying yourself first is a process. Like meditation, you have to do it every day. No excuses. Building this routine can help create financial wealth. Once you start this process, let me know if you have any questions about the next steps. Send me an email at email@example.com. I am always happy to help.
We saw an upset in this year’s College Football Playoff National Championship game. Alabama was seen as the obvious victor. But, in the end, Clemson won the game. Do you think that win was a random event? Hardly…every move we witnessed was deliberate and intentional. There was nothing random about it.
So why is most branding/marketing so random? Why isn’t it more deliberate and intentional?
Having a targeted strategy for your business branding and marketing is essential if you want to see a return on your investment. Yet, social media has given us a way to market without much thought and planning. Building a strategy for the various social media platforms is critical. Different people use different platforms. If you are selling toys, place your ad primarily where kids go, not their parents. If you are offering professional services to other professionals, go where they congregate online, such as LinkedIn groups.
Your company’s strategy affects all aspects of your business. If the company has no strategy, it will be difficult to see a return on investment of your advertising dollars and time.