Tools for Your Personal Development

These are things I’ve learned over years of working with individuals that have had great success both in business and personally. These are 4 anecdotes for personal development…

Podcast Details:

Podcast Title:  Tools for Your Personal Development
Podcast Series: Financial Literacy Boot Camp

 

So on today’s show, I wanted to wind-up this series on “Solutions to the Career Transition” by talking about some things I have come across that will be helpful in your personal development.

Understand the difference between the necessary and the important…

  • Very successful people say “no” a lot more than they say “yes”
  • Very successful people prioritize things that are necessary (essential to life or their purpose) and focus on those things.  Important things (relevant, but not essential) receive less attention.  This is key in avoiding distractions and maintaining your focus.

To get a “return” on yourself, you have to “invest” in yourself…

  • Very successful people have invested and continue to invest large amounts of time into their personal development.  This is done consistently and intentionally.
  • Personal development is in direct correlation to your personal wealth. If you aren’t as wealthy as you want to be, then spend more time developing yourself.

Always be accountable to a higher standard…

  • Very successful people don’t allow their character to limit their opportunities.  Opportunity won’t take you where your character can’t sustain you…  You can’t be “two-faced” while rising to the top…not for long.
  • Very successful people have people around them that they trust and respect that call out their “blind spots”.  Not being aware of blind spots causes some of the worst traffic fatalities.  This is also true for career or personal failures.

Your energy for anything will be tied to how passionate you are about it, so FIND YOUR PURPOSE!

  • Very successful people have found their reason for being on this earth and this affords them the highest level of fulfillment/contentment you can find in life.  If you chase money, your level of contentment (if attained) will be fleeting, but if you chase a passion that is tied to helping others, you will always be fulfilled.
  • Very successful people realize that we as humans are designed to be in community with other people because a natural energy transfer comes from those interactions.

#financialliteracy #personaldevelopment #careertransition #success #episode52

Helpful Links:

About Me:
Dominique Henderson, CFP® is founder of DJH Capital Management, LLC., a fee-only, registered investment advisory firm specializing in comprehensive financial planning and wealth management.

Sound bumps provided by www.bensound.com

The Social Cartographer Series: Monitoring

How important is it to have a map when traveling to a destination? Using maps is a very reliable means of navigation. We also use mental maps to navigate our lives. This series is a discussion of our financial maps.

Podcast Details:

Podcast Title:  The Social Cartographer Series:  Monitoring

Podcast Series: The Maven’s Keys to Financial Contentment

The Maven’s Keys to Financial Contentment is my idea that true financial contentment can be found when an overlap of money and beliefs occur.  Many people ask the question of how to be “financially content” and this is a discussion to uncover those answers.

Link to Show Episode

So last week we talked about “PRESCRIBING“…and today we’ll cover “MONITORING”.

So a brief recap…

In DIAGNOSIS we have to have a DESTINATION DECISION and DESTINATION ADJUSTMENTS.  This is inevitable.  Although possible, it is rare when you are traveling long distances that you won’t have to make an adjustment to the route and/or itinerary.  Well, the same with reaching your financial destination.  Inevitably, some life event, job change, or recession (God forbid!) will happen to cause you to make route adjustments to your financial map.

This is the reason we put a plan in place!
In PRESCRIBING, it’s important to realize this is all about behavior adjustments.  This can only happen after you realize that the results you are getting aren’t the ones you want.  You have to first acknowledge this and then change your belief system so your behaviors change.
In MONITORING, we are trying to maintain a steady pattern of progress on our way to FINANCIAL CONTENTMENT (if you are not already there.)  The tricky thing about this is that as we begin to have success, it is human nature to get distracted.

Often the path that creates success is not the path that sustains success.
We do so much as it relates to discipline and focus in order to build momentum that will carry us towards success.  But then as we begin to have it, we will begin to let “success” take over.  An example being, more hours at work means less time with family and other relationships.  So how do I as a financial planner help with this paradox of GOAL ACHIEVEMENT equals SACRIFICE of [insert here whatever you value]?
Well, the answer is with care because it can be difficult.  Take a corporate executive that values the PRESTIGE of his or her position versus the PEOPLE you can reach in the position.  Which do you think is easier to maintain?  How long before it becomes evident to those around this person that PRESTIGE is valued over PEOPLE?  And which is easier to marshal your resources behind?  A team will always rally behind the cause of “serving the customer” instead of your climb up the corporate ladder.
This is where my formula for financial contentment really helps.  Because to be content you can’t chase success (of any variety) as the goal.  The goal has to be DEEPER.  This is so you never end up sacrificing what you believe or value for the success.

#finlit
#finance
#financialadvisor
#moneymindset
#behavioralfinance
#behavioraleconomics

 

Helpful Links:

About Me:
Dominique Henderson, CFP® is founder of DJH Capital Management, LLC., a fee-only, registered investment advisory firm specializing in comprehensive financial planning and wealth management.

#FinancialLiteracyBootCamp

Sound bumps provided by www.bensound.com