Tag Archives: team building

A better life in time for Passover and Easter

“Attach yourself to those who advise you rather than praise you.”— Nicolas Boileau-Despreaux, poet and literary critic

Retirement tips – diligence on our savings is the best advice:
This is a fascinating read on where we stand today and why you may need to change some attitudes … and allocations. This is Why You Are Diversifying Wrong
Have I mentioned fees lately? I should, and this article points out the most insidious ones hidden in your 401(k). Warning: You May be Handing Over $155,000 in 401(k) Fees
Since you are already now kicking around in your 401(k), take the time to ask these questions, too. Having been there for the birth of Ameriprise, it’s near and dear to me. Four Ways to De-Bug Your 401(k)

Leadership tips – behavioral changes that will make you a real leader:
I beat this drum as often as possible, open communication, accessibility, and an understandable strategy are keys winning long term. Employee Engagement and the Communicator’s Role
I loved the heart of this article, simple, to the point, worthwhile. The 5 Best Pieces of Advice Any New Leader Will Ever Get
Travel tips – a few minutes now can save you a lot of hassle on the road:
Thanks to modern security protocols, sometimes you make the gate well before your flight … try to catch that earlier flight. How to get on earlier flight without paying fee
If that fails, then you might be interested in this app. LoungeBuddy Airline Lounge Locator App

This week, something to ponder:
With the Iran nuclear framework announced, plenty will be written on both sides of this story. I happened across this one earlier today. Have you formed an opinion yet? Obama’s nuclear deal with Iran puts the world’s safety at risk
Just for a little added context, there are crazy guys like this running around. A Russian ‘Doctor of Military Sciences’ says Moscow should just nuke Yellowstone if tensions boil over

Inspiring Leadership

Management is doing things right; leadership is doing the right things.”
— Peter Drucker, Austrian-American writer and management consultant

Leadership:
Here is a great argument for staying visible, accessible and open. Gossip in the Workplace Could Signal Larger Problems
In some respects, this is a primer on transitioning from managing to leading. 4 things managers need to stop and start doing
A great way to get yourself thinking today, and often. 35 Inspiring Leadership Quotes

Retirement:
You realize how set I am on reducing fees and their impact on your retirement. Still, this feels too much like it is asking for increased regulation, somehow skirting the rules. U.S. mutual funds cut expenses by shifting billions to trusts
Forbes has a CFP give you some tips on retirement withdrawal rates. How Much Investment Money Can You Take Out in Retirement
Here is a decent, albeit brief, look at spend rates in retirement. It loops in the rule of thumb 4% guideline. How Much of Their Nest Egg Should Retirees Spend a Year?
This is an interesting article because I’m amazed that Money magazine would publish it without reference to longevity annuities, especially qualified ones. The New Rules for Making Your Money Last in Retirement

Travel:
Funny and insightful, this post helps you while away the hours you spend in airports between flights. The Definitive Guide to Drinking in Airports
Leverage technology to save yourself some money on your next vacation. 6 Google Flights Tricks That Are Better Than Any Travel Agent
Mind you, this is a bit backwards as it is the UK perspective, still, I think there are some worthwhile points in here. Booking a flight? This table shows how timing affects ticket pricing.
Fascinating Aside:
File this in the unintended consequences category. Can a solar eclipse shut down Europe?

New Years Retirement Tips

Plus, some great leadership ideas, retirement planning tips, fun for the holiday break
Start the New Year right by leveraging these retirement ideas:
If there is any recurring theme in my retirement posts, it’s this one, lower fees matter. How to Quadruple Your Mutual Fund Returns with One Decision
This one’s crazy, a Nationwide Financial survey finds Boomers “terrified” of health care costs in retirement … so be sure you consider that, and probably get some help. Advisors Should Include Insurance in Retirement Planning
My youngest friends, relatives and readers should pay particular attention to this one. How Compound Interest Affects Retirement Savings
I wasn’t sure where to put this, but settled on retirement. No time like the present to blow some smoke. 14 Meaningless Phrases That Will Make You Sound Like a Stock-Market Wizard
Consistent themes in my leadership reading for you:
Many of you have heard me tout these very same ideas. Presumably I was listening in those 16 years at GE with Jack Welch as CEO. 10 Leadership Lessons You Don’t Want to Learn the Hard Way
I couldn’t agree more with this, and feel it is a great differentiator for me. How senior leaders can connect with front-line workers
Yet another set of tips I couldn’t agree more with: 7 Daily Habits of Exceptionally Productive Leaders
Can’t resist this one, Steve Jobs led a very unique life. There’s some great insight here. A Dozen Things I’ve Learned from Steve Jobs about Business
Some great ways to take your mind off things:
This one is a word to the wise, don’t believe everything you read. Perhaps you heard about the great, 5% growth in GDP in the Third Quarter … not so fast. Exposing the Deception: How the US Economy “Grew” by $140 Billion as Americans Became Poorer
Imagine treating cancer without dramatically tough side-effects. Looks like it’s closer than you may think. Can DNA Nanobots Successfully Treat Cancer Patients? First Human Trial Soon
Bill Gates deserves a lot of credit for putting his money to good use. Here he’s really showing commitment to his causes. Watch Bill Gates Test a New Machine That Turns Poop Into Clean Water
I love this new site, the guys who predicted the last election bring statistics to the masses. This time, pick your own favorite: Our 33 Weirdest Charts from 2014

Consensus & values as leadership tools

Consensus & values as leadership tools
Plus: lots of retirement advice and some really good diversions

Improving Your Leadership:
Remarkably timely advice on consensus building A Six-Step Consensus Decision Making Framework
Don’t sacrifice values for growth 4 ways purpose-driven CEOs can align purpose with revenue

Improve Your Retirement:
Is the retirement planning paradigm backwards? Retirement Investing: Are You Doing It All Wrong?
Almost no one saves enough for retirement. So, how do you make it work? A smart way to make your retirement money last
So, just how much money do you need to retire? Three Easy Retirement Rules of Thumb
Some, not all, things to consider in planning for retirement (I would add, don’t underestimate healthcare costs) How to Ruin Your Retirement Savings

Some Weekly Diversions:
Ronald Reagan, well planned, ‘off the cuff’ remarks The Reagan Wit
Did you hear the one about the TSA agent who didn’t know DC was part of the USA? Reporter stopped by TSA agent who didn’t know District of Columbia is in US

Some thoughts on leadership and its antithesis

Some thoughts on leadership and its antithesis
Plus: the challenge facing broker/dealers…how to attract Millenials

Leadership, or not:
How CEOs can use personal and corporate values to drive revenue, seemingly counter intuitively 4 ways purpose-driven CEOs can align purpose with revenue
A cheat sheet to being ‘exceptional.’ Think about it, it’s what you wanted. 10 Things Only Exceptional Bosses Give Their Employees
Does salty language really help? A telling infographic on how stress changed CEO behavior F-Bombs Tolerated in Recession Cause CEOs Trouble Later
I could not resist, can someone explain how this makes sense, even remotely? Report: Chelsea Clinton earns up to $75K per speech NY Times Columnist Slams Chelsea’s Buckraking for ‘The Rapacious, Gaping Maw of Clinton, Inc.’

The Millenial Challenge:
Decipher their needs and wants, then adapt US financial advisers try to win over wary Millenials
Leverage what works with them to get their attention The Science Behind Reaching Millenials (Infographic)

Some Weekly Diversions:
How to optimize your next Amazon.com shopping spree 16 Tips Every Amazon Addict Should Know
Beware the headbanging rock of your youth (perhaps?) 5 most incredible discoveries of the week
Seems there is an infinite supply of crazy, old picture sites, but still they always have something interesting in them Curiosities: Amazing Historical Pictures

Leadership in a Matrix Organization (or any other)

Following on to my last post it seems worth expanding on the tactical elements of leadership in a matrix, or any other organization. The key to successfully engaging your entire team is multi-faceted. It begins with ensuring that each of your team members knows that they are valued contributors to the process. Looking back, that means their voice and insights are included in steps #1 Truly know your business and #2 Find the key intersections. Each team member must also be fully part of the dialogue that generate step #3 Define a vision and step #4 Paint a picture. From this immersion and level footing, each team member becomes fully invested in the process, the vision, and achieving the goals. They become emissaries for the business within their functional areas, geographies, or related business units. Their investment in the process ensures that when they represent the interests of the business, they do so with a firm grasp of the underlying reasoning that supports the chosen direction. This team of advocates – hopefully zealots – furthers the goals of the business by automatically driving step #5 Stay committed. Their commitment to the process and its outcomes keep them active, vocal advocates, and ready ambassadors to their larger constituencies – whether that be their senior management, broad organizations, clients, partners, etc. Using the process in this way provides you with an assurance that the business is on a thoughtful path, with broad support and multiple feedback mechanisms to stay on track. Each team member owns the vision, is enthusiastic, and has a commitment to achieving the goals. You have laid a winning foundation for your business.