Getting to the bottom of it all.
|Read time: 11 min
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“I am the product of many whose lives have touched mine, from the famous, distinguished, and powerful to the little known and the poor.”
– Dorothy Height
MONEY: Become wealthy
The ‘Ol Sock Drawer Trick
Now we have the internet and can open up bank accounts. You can accomplish the same separation of cash much more easily and more securely buy opening up a second or third bank account. Many people do this with a savings account, which is good, but we say take it a step further and open up another account or two. These can be savings or checking accounts, as long as you use them for a specific purpose. Saving for a new car? Open a savings account and name it “Next Car” and save $50 of your monthly pay toward that goal. We are a huge fan of having an “Unplanned Expenses” fund that to contribute to a little each month.
This system allows you to be proactive instead of reactive to life. The next time you have a flat tire, medical bill, or a spur-of-the-moment trip you want to take, you’ll have the finances to handle it. Ourselves? We have a different account for “Vacation”, “Next Car”, “Unplanned Expenses”, “Mortgage/Rent”, “Spending Cash” and “Monthly Bills”. The accounts are free and they allow you to visually separate the cash instead of having $$$ in an account thinking you’re rolling in dough and forgetting most of that is going out next week because of bills.
Give yourself a big win and get a virtual savings sock.
ACHIEVERS’ ARMORY: Equip yourself with proven tools & tactics
Breaking Through Technology
The Icebreaker Deck is designed to prompt genuine conversation amongst co-workers, family, friends, or even strangers meeting each other for the first time. Each card in the deck contains a question designed to learn something new about the person answering it. This is a great way to build meaningful relationships and learn about the stories and experiences that made that person who they are today.
This is the perfect game to be used on game night and learn something brand new about family members and friends you have known for years. It is also ideal for team bonding, onboarding a new employee, or networking events amongst people who have just met. The Icebreaker Deck will develop and strengthen relationships that will lead to higher achievement on both a personal and professional level.
Learn more about the Icebreaker Deck and how it works by checking out their official page here.
EMOTIONAL INTELLIGENCE: Master the soft skills
The 5 Whys to Get to the Bottom of Things
The idea presented in his book is that even the most complex problems have simple solutions if you ask “why” enough times. 5x to be exact. Asking “why” repeatedly will help you connect the dots and get to the root of a problem.
Suppose you find yourself getting to work late every day. Here’s how Duhigg says “why” helps you get to the solution:
As you can see, forcing yourself to ask the “5 Whys” often provokes deeper thought and can lead to the root problem. In this example, you’re late to work because you believe you chose the wrong career. Very deep. Understanding the root problem eases finding, if not determines, the solution.
THE FIRST STEP: Seize the opportunity
Reinvention Driven By Purpose
Allbirds, a sneaker company, has consistently operated with sustainability and the 7 in 10 Millennials who consider a company’s values when purchasing from them.
Allbirds make their footwear from wool, tree fibers, sugarcane, recycled plastic bottles, and castor bean oil (who knew?). Their shoes are packaged in boxes made from 90% recycled cardboard.
The company is guided by its values to do good by people and this Earth. In response to the coronavirus pandemic, Allbirds donated more than $500,000 worth of shoes to medical professionals; launched a “buy one, give one” program for customers to aid in the assistance efforts; and partnered with Strava (the company behind a popular exercising app) to donate $1, up to $50,000, to World Central Kitchen for every 5K race that participants in the initiative completed.
Allbirds is a certified B Corporation, a new kind of business model that balances purpose and profit to use business as a force for good. Their purpose-driven company forces them to address tradeoffs between sustainability and turning a profit.
What Allbirds does is working. Founders Zwillinger and Brown revealed that the brand sold 1 million pairs of wool shoes in just two years. They succeed by doing things differently.
Allbirds‘ commitment to their values demonstrates that what they do isn’t just for kicks.
SOCIAL CAPITAL: Build a powerful network
Do You Still Need Business Cards?
First, there is really no reason not to at least have business cards available to you. If you work for a company, they will usually cover the cost of printing and delivery. If you are a business owner or have a side hustle, Vistaprint often has deals that offer 500 cards for as little as $10. Of course, the cards are useless if they gather dust on your desk. Spend a few extra dollars and get yourself a card-carrying case that fits in your pocket.
Presenting a business card to a new contact accomplishes 3 things. First, it legitimizes you as a business owner or clarifies your role within your company. Second, it provides a website for them to view and learn more than can be covered in a conversation. Lastly, they leave the conversation with a way to contact you.
There is the most significant difference between the past and the present when it comes to these cards, however. You can no longer assume that someone is going to contact you just because they have your information. Always make sure you get their card as well and that their contact information is on it. Then, reach out and make contact the next day. If they don’t remember you right away, they may look at the cards they collected and recall your conversation. We often write a sentence or two on the card to remember our conversation with them.
Business cards can still be useful, as long as they are used as a part of a detailed and proactive networking strategy.
FUN STUFF – Wednesday Word
noun | lej-er-duh-MAYN
NEWS BREAK: Stay informed
1% BETTER: Improve each day
Text a friend you haven’t spoken to in a while to see how they’re doing in the pandemic.