Diversify

I want to live so that my life cannot be ruined by a single phone call. Federico Fellini

I avoid using clichés, but here’s one that expresses exactly what I want to say: Don’t put all your eggs in one basket.

Don’t place all your resources in one (or a few) person, thing, or place, or you could lose a lot with one bad turn of events.

Minimize exposure by spreading out your assets.

Diversify in many areas of life:

Relationships

If you are overly dependent on one person and that person exits your life you may feel out of kilter. But multiple close relationships will ameliorate single losses.

Don’t expect any one person to meet all your needs. Have many friends. Don’t let one person control your sense of well-being. Don’t be co-dependent.

Financial resources

Don’t put all your financial resources into one instrument. Mary and I keep about 45% of our financial assets in the stock market (several different index funds), 35% in real estate (our home), and 20% in bonds, CDs, and cash.

Sources of engagement

Peter Drucker encouraged people to “live in more than one world.” He was a professor, management consultant, writer, expert in Japanese art, and more. It is an invigorating approach to life; it will make you a more interesting person—and if one area of your life falls apart you’ll have other areas to focus on.

Sources of income

Two-income families benefit from income diversity. I also recommend that individuals have multiple income streams. Find a hobby or develop a skill that you can monetize, or get a second job.

Compartmentalize

We set ourselves up for disappointment when we allow the various parts of our lives to “bleed over” into each other such that when one area is stressed, our entire system is strained. To a certain degree, this is to be expected because most areas of our lives do overlap and intertwine.

But it’s advantageous to compartmentalize your life such that one area will not inordinately affect all areas. For instance, if your entire life centers around your job and your job goes south, so does your life. But if your job is just one part of a multi-faceted life, you’ll not be unduly affected; you can be unhappy at work but overall happy in life.

Diversify and compartmentalize.

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Leaders: There’s a difference between being an achiever and a leader; be both

Information about March 29-30 Lead Well workshop

One can’t lead unless he can leverage more than his own capabilities. Scully

There is a significant difference between an achiever and a leader.

  • An achiever gets the job done.
  • A leader gets the job done through other people.

This is huge; don’t miss it.

Many people have honed their “get it done” skills; they live disciplined lives and are able to accomplish immense amounts of work. They are achievers. Give them a job and they’ll get it done. I admire these people, but I don’t consider them leaders, because leaders accomplish work through others.

Peter Drucker illustrates this difference by challenging us to think of which pronouns we use when given work to do: “The leaders who work most effectively, it seems to me, never say ‘I.’ And that’s not because they have trained themselves not to say ‘I.’ They don’t think ‘I.’ They think ‘we’; they think ‘team.’ They understand their job to be to make the team function.”

When you are given an assignment or when you have a vision to fulfill, what is your first thought? “I can do that.” Or, “I need to put a team together.” As Drucker says, leaders think first of accomplishing work through their team. Leaders use plural pronouns when planning work.

No doubt, a good leader must also be an achiever—you must possess the skills necessary to accomplish tasks. When a leader doesn’t know how to get work done, he loses credibility with his team and progress suffers because he doesn’t understand how work is accomplished. So for a leader it’s not “I’m either an achiever or a leader” but “I am both an achiever and a leader.”

There’s even a difference between a leader and an achiever with helpers. Some high achievers will surround themselves with a group of assistants and helpers whose job is to help the achiever be more efficient, but this is still not the exercise of leadership. For instance, a dentist may have a staff that assists him in his work—a dental assistant, dental hygienist, receptionist, x-ray technician—but all the work centers around the dentist. A leader will empower others to conceptualize and perform work on their own.

The ability to get work done through other people is fundamental to leadership. In fact, if you’re not doing that, you’re not leading.

As you reflect on your past, have you functioned more as an achiever or a leader?

Question: What are your thoughts about this essay? You can leave a comment by clicking here.

Lead Well Workshop – March 29-30 Click here for more information about a life- and career-enhancing workshop. It will change your life.

Anticipate Pyrrhic victories and know when to avoid them

Information about March 29-30 Lead Well workshop

A Pyrrhic victory is one that inflicts such a devastating toll on the victor that it is tantamount to defeat. Someone who wins a Pyrrhic victory has been victorious in some way. However, the heavy toll negates any sense of achievement or profit.

The phrase Pyrrhic victory is named after King Pyrrhus of Epirus, whose army suffered irreplaceable casualties (including most of his commanders) while defeating the Romans at Heraclea in 280 BC and Asculum in 279 BC during the Pyrrhic War.

In both of Pyrrhus’s victories, the Romans suffered greater casualties than Pyrrhus did. However, the Romans had a much larger supply of men from which to draw soldiers and their casualties did less damage to their war effort than Pyrrhus’s casualties did to his.

King Pyrrhus lamented, “If we are victorious in one more battle with the Romans, we shall be utterly ruined.”

A similar expression is “winning a battle but losing the war,” describing a poor strategy that wins a lesser (or sub-) objective but overlooks and loses the true intended goal.

Here are some examples of Pyrrhic victories in everyday life:

  • “Winning” obedience or compliance at home or work but sullying relationships.
  • “Winning” an argument but harming another person’s dignity.
  • Maintaining relational peace but never solving a serious, persistent problem.
  • Accomplishing a goal that violates one of your primary values.
  • Earning an advanced degree or climbing the corporate ladder but in doing so, harming family relationships.
  • Gaining another person’s respect or acceptance, only to discover that you have violated your values and beliefs.
  • Winning a lawsuit but at too high a financial price.

Some people stubbornly cling to their goals, unaware of the downside of their tenacity. Often, it’s best to punt.

Recently, I was substantially inconvenienced when a major airline mishandled my luggage. What should have been resolved in 18 hours took eight days. The debacle adversely affected my expensive trip to the southern hemisphere. When I returned home I was determined to pursue justice and proper compensation but got nowhere in my attempts. I thought about suing the airline, but quickly realized that my attorney-for-hire would battle a huge, well-funded legal department. If I did “win” the case I would actually lose because of my financial loss. I took a deep breath and dropped the issue.

Perhaps Kenny Rogers got it right when he sang,

You’ve got to know when to hold ‘em
Know when to fold ‘em
Know when to walk away
And know when to run

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Lead Well Workshop – March 29-30 Click here for more information about a life- and career-enhancing workshop. It will change your life.

Don’t underestimate what one person can do

Last year I memorized and meditated on these three statements. Together, they are finding purchase in my mind and making a difference in my life.

  • “One person can make a difference and everyone should try.” John F. Kennedy
  • “I am only one; but still I am one. I cannot do everything; but still I can do something. And because I cannot do everything, I will not refuse to do the something that I can do.” Edward Hale
  • “Do not hesitate to do for one what you might need to do for all, or else you won’t do anything.”

Don’t underestimate the impact that one person can have.

The following is my favorite story of all time.

The African bishop, Desmond Tutu, was once asked why he became an Anglican priest. He replied that in the days of apartheid, when a black person and a white person met while walking on a footpath, the black person was expected to step into the gutter to allow the white person to pass and then nod his head as a gesture of respect.

“One day,” Tutu said, “when I was just a little boy, my mother and I were walking down the street when a tall, white man, dressed in a black suit, came toward us. Before my mother and I could step off the sidewalk, as was expected of us, this man stepped off the sidewalk and, as my mother and I passed, tipped his hat in a gesture of respect to her! I was more than surprised at what had happened, and I asked my mother, ‘Why did that white man do that?’ My mother explained, ‘He’s an Anglican priest. He’s a man of God, that’s why he did it.’ When she told me that he was an Anglican priest, I decided there and then that I wanted to be an Anglican priest too. And what is more, I wanted to be a man of God.”

Desmond Tutu not only became a priest, he influenced his entire nation. He, along with Nelson Mandela, led the successful fight against apartheid which changed the course of South Africa.

The priest that deeply impacted young Tutu’s life probably never knew “the rest of the story”; but through one simple act of kindness he deeply impacted one life which would deeply impact an entire nation.

There are 7 billion people on planet earth, but don’t let that large number deter you from doing what you can, individually, to make an impact.

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Anticipate life’s ups and downs

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Life is like a roller coaster: it has its ups and downs, but it’s your choice to scream or enjoy the ride.

Life’s ups and downs:

Are inevitable

Life is a series of ups and downs. The cycles run daily (my morning goes well, the afternoon stinks), weekly (Monday is a bummer, Tuesday gets better), monthly, and yearly. It’s unreasonable and impossible to stay on the top side of the cycle, but neither should we acquiesce to staying on the down side. Having ups and downs is the status quo.

Take on different forms

We’ll oscillate in most areas of life: emotional, physical, financial, spiritual, and others. One day we’ll feel elated, the next day we’ll feel discouraged. We’ll enjoy good health for a season, then suffer from sinus infection for six weeks. For years we’ll be financially plush, then go through times of want. Spiritually, we’ll experience droughts and seasons of plenty.

Most ups and downs are temporary

The story is told of an Eastern monarch who charged his wise men to invent a sentence which would be true and appropriate in all times and situations. Following months of careful thought, they presented him this sentence, “And this too, shall pass away.”

Abraham Lincoln, upon hearing this anecdote, commented, “How much it expresses! How chastening in the hour of pride! How consoling in the depths of affliction!”

Good times don’t last forever, but neither do difficult times.

[This brings up another thought which I’ll pursue in another post: during times of prosperity we should prepare for times of adversity.]

Should not be experienced alone

A burden shared is a burden halved; a joy shared is a joy doubled. Don’t experience life’s peaks and valleys by yourself; you need a soulmate (or several) with whom you can bear your soul. When we wrestle with challenges, alone, we’ll be thrown to the mat. When we celebrate happiness, alone, it will be lacking. We need to share our life experiences with people who care and we need to reciprocate and be attentive to them.

Question: What are your thoughts about this essay? You can leave a comment by clicking here.

Love is not just a feeling, it is a set of actions that you can learn and incorporate into your relationships. Don McMinn has written a practical workbook with 20 lessons that will help you to love others better. Get 25% off with coupon code “2017”. www.loveoneanotherbook.com

Embrace three things that will enhance your happiness

At the end of Brad Thor’s novel, Field Agent, he says of the protagonist, “He had the three ingredients to happiness right in the palm of his hand and he knew it—something to do, someone to love, and something to look forward to.”

This is good advice. It may not be a comprehensive and fail-proof philosophy of life, but it’s still good advice.

Strive for:

Something meaningful to do.

We all need to be involved in meaningful activity. We need something that will engage our hands and minds; something that is enjoyable to us and helpful to others. Hopefully, your work qualifies, but for some people it doesn’t, in which case you need to find another area of meaningful engagement. The qualifier “meaningful” implies that the act will be enjoyable to us and helpful to others. Playing golf all day doesn’t qualify.

Someone to love.

I like this thought because it encourages us to focus on giving. It doesn’t suggest “someone to love me” although we need that, too.

We need someone (ideally more than one person) that we can love unconditionally and without reserve, and interact with on a regular basis. Love as a verb, not a noun.

Something to look forward to.

Granted, the future is the great, unending, unknown. But it is advantageous to plan something in the future that we can joyfully anticipate; a “carrot in front of the horse.”

It can be short-term “I look forward to relaxing and seeing a movie this weekend.” It can be mid-term: “I look forward to taking a vacation in six months.” Or, it can be long-term: “I look forward to finishing my college degree and beginning my professional career.”

Can you sense the despair that sets in when these three issues are missing?

  • I have nothing meaningful to do. My days are marked by boredom and tedious activity.
  • I have no one to love. I am emotionally constipated. I keep searching for someone to love me, but I don’t have someone to give love to.
  • I have nothing to look forward to. The future looks uninteresting and bleak.

My personal response to these three suggestions is:

  • I love my job. It is interesting, invigorating, challenging and rewarding. I also find meaning in writing these blog posts, hoping they are beneficial to my readers.
  • I love my 26-month-old grandson, Benjamin. I delight in pouring love and affection on him, our newest family member. (I am reminded of the axiom: Grandchildren are God’s reward for not having killed your own.)
  • I just booked a transatlantic cruise from London to New York City on the Queen Mary 2. Between now and the trip, not a day will go by that I won’t think about it.

Personalize this lesson by answering these questions.

  • What meaningful activity do you engage in?
  • Whom do you love?
  • What are you looking forward to?

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Lead Well workshop – March 29-30 – Irving, TX

Learn to be an effective leader

The health and growth of all organizations rises and falls on leadership.

Leadership is the primary factor influencing the health and growth of every organization. Organizations can increase their leadership quotient by:

  • Increasing the effectiveness of existing leaders.
  • Increasing the quantity of leaders by identifying, training and empowering new leaders.

Fifteen year ago I developed a leadership development curriculum that has been taught to thousands of leaders in diverse industries including technology, medical, non-profit, and financial services.

Lead Well offers leadership training and resources to organizations and individuals in all industries. Our propriety curriculum focuses on 12 indispensable leadership skills – six hard skills (what a leader does) and six soft skills (who a leader is). The training provides a thorough and systematic approach to leadership development.

The fall workshop will be held March 29-30 in Irving, TX. We’ll meet both days from 8:30 a.m. to 4:30 p.m.

Click here for a summary of the curriculum.

Go to learntoleadwell.com to take a free, leadership skills assessment tool and to learn more about the workshop.

For more information and registration contact don@donmcminn.com

 

 

Sometimes be a little deaf

deaf-2In every good marriage, it helps sometimes to be a little deaf. I have followed that advice assiduously, and not only at home through 56 years of a marital partnership nonpareil. I have employed it as well in every workplace, including the Supreme Court. When a thoughtless or unkind word is spoken, best tune out. Reacting in anger or annoyance will not advance one’s ability to persuade.   Supreme Court Justice Ruth Bader Ginsburg [This excerpt from Ginsburg’s new book My Own Words appeared in a New York Times article.]

Your spouse, friend, colleague, or total stranger makes a silly, unnecessary, provocative, or dubious statement. It may be, at best, trivial, inaccurate, vague, or unfair; at worst, it’s tacky, wrong, even hurtful.

When is it okay to just let verbal flatulence slowly dissipate without addressing it, and when is response compulsory?

As Ginsburg advises, sometimes no response is the best response.

Put yourself on the other side of these hypothetical conversations. How often do you say something that you later regret saying? When you say things that should have remained unsaid, aren’t you appreciative when someone offers you conversational grace?

Granted, there are times when unwholesome words should be addressed, particularly if someone is a repeat offender. Chronic verbal abuse is inexcusable and should not go unchallenged.

So the question is: when should you ignore and when should you respond?

In the coming days, exercise the “Ginsburg-restraint.” It is a tool we all need in our relational toolbox.

Question: What are your thoughts about this essay? You can leave a comment by clicking here.