Read time: 11 min
September 3, 2020
- If you’re subscribed to Microsoft Office, Word specifically, you can upload recorded interviews and it will transcribe it.
- “You’re looking like a snack and I’m going on a diet.”
“To love what you do and feel that it matters – how could anything be more fun?”
– Katharine Graham
SOCIAL CAPITAL: Build a powerful network
Stand, Sit, & Lie
“Whose Line Is It Anyway?” is a brilliant improv-comedy show, which used to be hosted by Drew Carey, where the players have to generate hilarious skits off the top of their heads after prompts from the audience. Now, the show is hosted by Aisha Tyler with a similar cast.
Older seasons of the show featured one game called “Stand, Sit & Lie,” where three players were required to be in one of the positions at all times, but only one player could be in one position at any time. The game created some hilarious situations as each member had to react quickly to the actions of the other. How is this similar to a team in business or academia?
Each member of the group had to be aware of what the others were doing and ensure that they both supported what the team was doing (advancing the skit) and satisfied the parameters of the game by acting a role that was missing.
This is incredibly similar to teams in real life, isn’t it? In the professional world where large teams are common, academia where teams are required, and even one-person businesses where you must utilize the skill sets of professionals, fulfilling needs through the use of groups is unavoidable. You must leverage the expertise and experience of others to accomplish things you cannot complete yourself.
The teams you’re in are probably more complicated than sitting, standing, and lying down, but you can find these players within your network if you look. Search for people and peers who have complementary traits to your own; you both don’t have to be tech geniuses or managerial experts. The opposite is true; find a team where you can lie down and know they’ll stand and sit and do the same for them in return.
HEALTH & WELLNESS: Stay healthy in the hustle
Financial Insecurity & Mental Health
A recent article in Forbes told the story of Alexander Kearns, a 20-year-old student home from college and living with his parents in Naperville, IL.
He opened an account on Robinhood and started experimenting with options. Options are inherently risky and even riskier, given the market swings in 2020. On June 10th, his account showed a balance of minus $730,165. Kearns wrote a note filled with anger toward Robinhood. Then he took his life.
Ivan Anz, the founder of Equity & Help, was practically born an entrepreneur. He worked his way up from selling candies at a markup to friends to leading an Inc. 500 company.
At 20 years old, he was doing well with wealth beyond his imagination. He was, by all looks, happy. But beyond the surface, he was miserable from seeing online ads from people even more successful than himself. To him, his accomplishments paled in comparison to what should be possible.
Anz set his sights on more significant and riskier investments, driven by his quest for immense financial success. His own “Kearns moment” came when, in an instant, he realized his six months of labor (of hell) had produced an unexpected and giant loss. He was nearly penniless. Broke and purposeless, he lost his identity.
After seeing a spiritual counselor at the behest of his wife, his mental health improved. In a moment of clarity, he formed a plan to move his family to the U.S. with his last $3,000. He created a plan for his current business, Equity & Help, which embodies the concept Anz dubbed “Philanthroinvesting.”
Anz suggests the following to help your mental health:
- Work and invest with a purpose higher than money. The purpose must justify your passion, time, and energy.
- Realize that success, as measured by luxury, is an illusion. Many self-proclaimed instant wealth “gurus” fake, borrow, or earn their wealth from products rather than the methods they teach. Anz advises that true financial freedom consists of knowledge, control, spiritual strength, emotional fulfillment, enjoyment, legacy, and purpose. Countless studies support the idea that wealth is not the way to happiness.
- Learn that physical health improves mental and emotional wellness. Doing activities that you enjoy are huge factors in regaining happiness and emotional equilibrium and are motivators.
- Don’t hesitate to seek professional help. Anz says that there is no failure so great it can’t be made much better with the perspective of a little professional help.
All of the time, and especially during a crisis, we should focus on how we can create and find improvement, what our higher purpose is, and how we can help each other and ourselves.
ACHIEVERS’ ARMORY: Equip yourself with proven tools & tactics
Investing Done Better
We all have big life goals that we are trying to accomplish in this lifetime. It might be saving for your child’s education, buying a bigger home, purchasing property, or something else that will improve your life and the lives of your family. Betterment can help make those goals and dreams a reality.
Betterment is an investing program that helps everyday people wisely invest and grow their wealth over time. This mobile app features a dashboard that allows you to view your entire financial picture all in one place. This dashboard allows you to check on the research-backed investments that Betterment will make on your behalf. You no longer need to guess about where to place your money.
One key service that separates Betterment from the rest of the pack is its laser focus on tax strategies. Their team of experts assess the situation and implement automated strategies like asset location and tax loss harvesting to build a firm foundation for you to achieve your financial goals.
To learn more about how Betterment can put your money to work for you, click here.
MINDSET: Train your brain to win
Why Doubt And Certainty Are Both Necessary
The Benefits of Doubting
Those who doubt their ideas and abilities, overthink their actions, and become powerless and indecisive. The silver lining is that doubt also keeps us in check, so we don’t take outlandish risks. Doubt keeps us flexible and open to the idea that we might be wrong, or there might be a better way. A healthy dose of skepticism makes us question our world and what we’re told. Doubt is especially wonderful when it fights its evil sister, the creeping doubts that keep you up at night, reminding you of your failures and inabilities. Doubt helps us find the truth.
The Power of Certainty
People who are certain tend to radiate self-confidence. Certainty provides us with the self-belief, motivation, and power to get things done. It helps to eliminate doubt and obstacles. If we are sure that we’ll succeed at something, we will seize the opportunity and give it our all. Unfortunately, we don’t have a magic eight ball and can’t provide any guarantees. All we can do is act as if we will succeed because of the faith in our abilities.
Whether you have too much doubt or too much certainty, you can find a balance by asking yourself questions, probing, and digging deeper. Figure out what opportunities you would have if you aren’t afraid, the positives and negatives of the options, if you’re acting in line with your values, and how you would feel.
Although you can’t eliminate the emotional component decision making, you can learn to recognize it.
When working together in balance, doubt and certainty allow you to achieve the best possible decision- a decision made from curiosity, tolerable risk, and justifiable confidence.
NEXT LEVEL: Keep success going
You Get What You Pay For
Anyone who has started a business or side hustle knows that you end up doing most of the work when you first start. So, when you finally start making some money and can hire help, it’s a beautiful feeling.
Most business owners hire freelancers on a project basis before they shift to hiring full-time employees. You will find that there are a lot of options when looking for different freelancers. It may be tempting to find the cheapest options to move forward. Be careful because you get what you pay for.
Compensation fuels motivation. If you adequately compensate someone, they will feel more motivated to produce quality work. Put it another way; if you are paying someone a lot of money, chances are they will dedicate their most focused time and attention to your product.
Also, those cheaper options are cheap for a reason. You may save money upfront, but if they produce deliverables that don’t work, you will spend more money hiring someone else to fix the mistakes.
The key is to hire a freelancer with a strong portfolio and references that can vouch for their work. If you are going to be sending this person a consistent stream of work, they may be willing to work out a discount in return for your proposed long-term commitment to using their services.
FUN STUFF – SOMETHING PRESIDENTIAL
Which two presidents were elected with over 500 electoral college votes? Answer below.
NEWS BREAK: Stay informed
- The CDC has told public health officials around the United States to prepare to distribute a potential coronavirus vaccine as soon as late October.
- The moderators for the upcoming debates between President Donald Trump and Democratic challenger Joe Biden have been decided: Chris Wallace of Fox News for the debate Sept. 29 in Cleveland, Steve Scully of C-SPAN for the “town meeting” debate Oct. 15 in Miami, NBC’s Kristen Welker for the debate Oct. 22 in Nashville, Tennessee.
- Prince Harry and Meghan Markle have signed a multi-year production deal with Netflix that will have the two royals producing exclusive films and series.
- Hall of Fame pitcher Tom Seaver, who led the New York Mets to an improbable World Series victory in 1969, died Monday at age 75 from complications of Lewy body dementia and COVID-19.
1% BETTER: Improve each day
Get an external hard drive to back up your computer regularly.