moneyFYI
Financial Freedom Is Merely Organized Common Sense
A Simple Strategy To Make Your Life Better
Think like Archimedes and organize your life to change the world.
“Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” Archimedes
The two factors
The lever is what you can contribute to the world around you. The lever must be long and strong to move the world as Archimedes intended. For you who may want to move the world differently, it will also need to be new and creative. Moving the world in the sense of helping people see new possibilities and then acting on them is a bit different.
You should pay attention to a sound education. You will use what exists to leap far ahead. Don’t overlook subjects outside STEM. The humanities will help you understand people and conflict.
The fulcrum is the point on which you will rest the lever before applying the force that will move the world. That fulcrum is about you. Warren Buffett claims a good employee has three essential characteristics. They are intelligent, have high integrity, and are energetic. You must have those, and more importantly, your business or other organization must, too.
Think of it as the character of the business. People deal with such a business without difficulty, and once established as a customer, they are unlikely to leave. I had a client who told me his overarching business objective was to be the best supplier any of his customers had and to be the best customer any of his suppliers had. That’s ambitious, and it worked very well for him.
The fulcrum is the character of you and your enterprise.
Allocating your effort
When you allocate resources and time, the tendency is to work on the lever. Over a long time, the fulcrum matters as much or maybe more. Don’t overlook it. Especially don’t overlook Buffett’s character guidelines. He added that if they were low on integrity, you should hope they are dumb and lazy, too.
The force factor
When you have your lever and your fulcrum, applied force moves the world. A better-constructed lever and better-positioned fulcrum mean the force can be less. That is the payoff to spending time on building them. If you work incessantly to make a dent, you might rethink your lever and fulcrum.
Where to begin
It begins the day you are born. Building character takes decades. Building your ability is a forever project. Thinking like Archimedes can help you see the purpose of education and the reason to learn how people behave and want to be treated.
Guide yourself, your family, and your employees with a simple thought. Build for strength.
I build strategic, fact-based estate and income plans. The plans identify alternate and effective ways to achieve spending and estate distribution goals.
Be in touch at 705-927-4770 or by email at don.shaughnessy@gmail.com.
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