On March 13th, 1998, my daughter was born. I vividly remember my wife having labor pains while I was distracted watching the NCAA tournament. My Utah Utes went to the championship game that year and lost to Kentucky.
Fast forward to today, my daughter is now 21, living in Aruba happy, healthy, and smiling. Before she left for Aruba, I challenged her to find a way to do two things—smile and laugh.
Why? Because living in a new country can be difficult. She needs to be able to smile and laugh whatever her circumstances are. I remind her of this constantly and she seems to be listening.
That made me think of the three things I need to work on in different areas of my life. Let me share them with you:
1. Health - fasting for 12 hours and working out
2. Inspiration - writing down an idea daily and listening to something uplifting for at least 10 minutes a day
3. Finances - save $500 a month and get rid of one auto payment on my card
What are the three things you must work on today? Just keep in mind that most of the time, it’s those little things you work on that bring huge results.
Here is a perfect example of how Section 7872 Split Dollar works in the marketplace.
If you’d like more information on this plan, give us a call.
When former Michigan interim athletic director Jim Hackett worked on football coach Jim Harbaugh’s contract, he dipped into the contract world of corporate executives.
Hackett, a former CEO of Steelcase, told The Detroit News in March he used a model often used in business contracts.
Harbaugh, entering his second season at Michigan, will receive $9 million from Michigan this year based on the contract amendment signed in June and released by the university this week.
The business model is in effect, considering its use of a life insurance policy, which Harbaugh owns. Harbaugh already stood to make $5 million a year, but now Michigan will loan him $4 million this year and $2 million the next five years to pay a life insurance policy. He received $2 million on June 3, and if he remains the coach on Dec. 6, he will receive another $2 million payment.
As long as the policy is active, he can make withdrawals from the policy. Upon Harbaugh’s death, the university will get its money back without interest. Harbaugh will have beneficiaries for the remainder of the insurance payout.
The contract was signed by U-M president Mark Schlissel, athletic director Warde Manuel and Harbaugh, but Hackett was the one who determined the direction of this contract.
“I’m really proud of the instrument we’re using,” Hackett said in March. “We’re using life insurance as a vehicle to deliver value. The great thing is the value.
“The way the design of this works, he gets value that he gives back when his estate settles years from now. The university is essentially loaning him the money during his lifetime, but it comes back to us. I’m really proud of this idea. It’s generous of him. It’s a great deal.”
Let’s face it, we’re all guilty of procrastinating once in a while. This short (1:20) video adds a little humor to the topic, but I found it to be very accurate too! Take a look and then resolve to have a procrastination-free day. Or not.
“If you eat a bowl of ice cream before bed tonight, no big deal. If you eat a bowl of ice cream before bed EVERY night, your belly becomes a very big deal.”
I heard this in a podcast from a really good writer named Perry Marshall.
There are several deep and simple lessons in this statement. We all have things we know we “should” improve on. What is the one improvement (your personal ice cream) to do today to improve your life by 5%?
For example this works with controlling your time. Try reducing use on social media sites, email use, and text messaging to 3-4 times a day. Just like eating ice cream it’s okay to use a few times a day. But if it’s done15-20 times a day over time all of that “distraction” becomes a very big deal.
It is amazing how the computer has evolved into most people’s primary communication tool. We all walk around with smart phones which are basically mini computers.
The computer can communicate in many ways such as:
Voip (Voice over IP)
The first-ever text message was sent December 3, 1992, by software engineer Neil Papworth. Texting is slowly becoming one of the major ways we communicate. Love it or hate it, most people are sending text messages.
My preferred communication (when possible) is to talk in person. Interesting how the most primal and basic method of communication will always be the best.
Focus On Your Mind, Body, and Soul
Think positive thoughts! When you teach yourself to think positive (while pushing negative thoughts out), you act positive, and your positive spreads. And just as you should focus on keeping your mind positive, you should also keep your body positive with healthy food and exercise. After all, your body converts food into energy, which in turn, is used to process your positive thoughts and create goals.
Avoid people who don’t contribute to your goals in any positive way. They misdirect your focus, energy, and time. Instead, surround yourself with people who are motivated and have a positive outlook. Energy is often shared, and when your peers are motivated, it’s easier for you to be, too!
Be Goal-Oriented and Purposeful
You always want to have goals in place and mindful of them, but you don’t need to be rigid in setting or maintaining those goals. When striving for a specific outcome, having flexibility allows you to adapt to changing circumstances. At the same time, when you work through your goals, you want to do it with purpose. You don’t want to do anything that gets you off track and wastes your time and energy.
Recognize Your Personal Responsibility
Your goals, actions, and results are yours and you should own them. If something goes awry and you get off track or lose your focus, don’t come up with an excuse to cover it up. Recognize the issue, learn from it, and continue to push forward through your goals.
Exceed Your Limitations
Do this every single day. Take steps outside of your comfort zones. Do something that adds to your goals and something that pushes you forward and leaves you better than you were when you woke up this morning.
Let Your Failures Be Your Guide
When you are afraid of failure, you don’t achieve anything. Use missteps and failures as a time to reflect and understand what went wrong. Understand why a failure is a failure. It’s a learning experience and it should be embraced. Take what you learn from your failures and apply them to your future goals and transform them into success.
Recently I had the opportunity to meet and talk with Tom Burkland. Living close to the Bonneville Salt Flats in Utah I heard about cars going over 400 mph but had never seen one up close.
Tom shared with us his story and how he got into racing. His passion and desire to design, engineer and build a car to go over 400 mph was mesmerizing. From the aerodynamics, constructing two V-8 engines (one that is pulling the car, the other that is pushing), to putting a sophisticated braking system in place. So many details, so many things to think about.
There are only three places in the entire world that can accommodate a land vehicle going at those speeds. It costs $5,000 to get the car prepared to start the engine up.
Can you imagine driving a car over 400 mph?
Here is a link to a video about Tom’s story,
People are amazing. We all have our own unique story to tell and the opportunity to be fascinated by the amazing things people do around us every day.