...the bigger lesson is one of ‘Lo barato sale caro’ - A Spanish phrase which means things that come too cheaply or easily will eventually become expensive. A corresponding phrase in English would be ‘if something is too good to be true, it probably is.’...
FINANCIAL LITERACY AND REAL LIFE – HOW BUYING PEANUTS TAUGHT ME ABOUT INFLATION
We hear a lot of about inflation and how it gradually lowers the purchasing power of our present-day dollars. There was an occurrence a few weeks ago that illustrated this principle to me quite clearly.
THE MAN WHO LOST TWO JOBS
I worked with a gentleman many years ago (Let's call him John). Every time I think of him, I am reminded of the lesson that I learned from him - that no matter how bad things may be, I must always be my best self, no matter what. In what become a highly teachable moment, he became the man that lost two jobs.
TO BE OR NOT TO BE…WORK FRIENDS – MAKING THE CASE FOR AND AGAINST WORK RELATIONSHIPS
Essentially, the nature of office politics and the desire for upward mobility will challenge most relationships in the workplace. This begs the question, what is the upside to having work relationships?
ADAPTABILITY – A NECESSARY SKILL FOR THE PRESENT AND FUTURE
With the world progressing at such a rapid pace, there is great focus on what skills are needed for the future. While articles and experts focus largely on technology-based skills, there is a non-technological skill always finds it way on the list - skill of adaptability.
FIX THE PROBLEM EARLY – A LESSON FROM BROKEN HEADPHONES
...while my broken earphones may have been a relatively small loss, they presented me with a great life lesson and a powerful teachable moment...
NOBODY IS COMING – A LESSON FROM MELLODY HOBSON ON TAKING FULL OWNERSHIP OF YOUR LIFE
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.
“IT’S WHO YOU KNOW” – THE VALUE OF SOCIAL CAPITAL AND WHY YOUR RELATIONSHIPS MATTER
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.
FINANCIAL LITERACY – THE IMPORTANCE OF BEING FINANCIALLY PREPARED FOR OPPORTUNITIES
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.
I’M A FRAUD! – UNDERSTANDING AND OVERCOMING THE IMPOSTER SYNDROME
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.