Be your best self to the limit!
This statement, first said by Collins in 1994, was initially an encouragement to women to reject the patriarchal idea that men were the key to their financial stability and success. More recently, Hobson, having had this statement as a personal mantra, uses it as a call to action to all persons to take full responsibility for their lives and decisions and in particular, their financial health.
The concept of social capital has become prevalent in recent times as experts in business, psychology and sociology seek to study and measure its value to individuals and groups in various situations.
While the events of 2020 created financial nightmares for many and underscored the universal need for better financial literacy and improved personal financial management; many persons still came out of 2020 as winners....These people, it appears, were not only financially prepared for the economic fallout caused by the pandemic, but were also prepared for the opportunities provided as well.
As it turns out, many successful people, regardless of their evidential giftedness and hard work, felt that they were largely lucky and undeserving of their achievements. As many of them stated, they were waiting to be exposed by the world as frauds who were just lucky. What these persons were suffering from was the Imposter Syndrome. Just like them, you’ve likely felt like an imposter at some point.
One of my early lessons about money and impulse purchases (making unplanned purchases in the spur of the moment) came from a 5-page comic book story starring Archie and Jughead.
When things don’t go your way, it is so easy to blame any and everybody for their supposed role in your misfortune; everybody but you that is! Photo by Andrea Piacquadio on Pexels.com
It has been well documented that Jay-Z is hip hop’s first billionaire. Understanding how he made it to this point provides a great education about investing and financial literacy.
For me, the real lesson came several scenes later in a ‘blink and you miss it’ line from Belfort as the narrator. While receiving a gift from Belfort, Teresa, Belfort’s first wife, questions him about the legitimacy of penny stocks and the ethical nature of how they promote and sell them.....
While many persons have the best intentions when giving the gift of the truth to others, often times the recipient gets distracted by the wrapping. The right message can be said in the wrong way. Consider my encounter with a doorman in Colombia as an example.
