Many decisions are made that affect people. People represent potential vendors, current clients, prospective candidates for hire, and even love interests. The decisions we make as leaders influence us and everyone around us financially, physically, and spiritually.
As a leader, It makes sense to slow down and resist the urge to have a knee-jerk reaction to an issue, especially if it is not a crisis situation.
We could flip a coin. Or, it may be wiser to use the following time-tested decision models for any particular cross-roads. It may facilitate that impulse buy at the yacht dealer, inviting a new member to the club, or acting/reacting to a poignant situation involving conflict or praise.
My customers ask me all the time, “Where do I place the Treasure Fulcrum?” Okay, so not exactly in those words. What I hear most often is: “Isn’t there an easier way or some secret formula to get lots of money?“
I tell them that there is… inherit it.
As with any relationship, acquiring wealth demands commitment. This is not a secret.
Let’s Define Wealth
We know that wealth does not just mean money. It can also be defined as value. It can be defined as our brand. The determining factor is that if some thing is valuable to us, then we can be wealthy by adding more value through honest investment.
The most succinct definition of “investment” is: “someone’s commitment of an asset in a system in order to achieve a planned goal.” We can commit our money, interest, service, devotion, heart, love, energy and most importantly time. These are our assets and they allow us to have a relationship with wealth. This is not a secret.