Friday, October 24, 2008

How to be "Real" Rich

I can't believe I'm going to repeat this, but my Dad always said..."Be rich in the things money can't buy"... I don't know how many times I rolled my eyes at that growing up (the last time was probably a few weeks ago.. :) but... OK... uh... it's true.

I was reminded by this from a new blog I read by Larry Jones. He is a maximizer and is right on... If we're told "money is the root of all evil" then we better know how to root out that evil... Check out his site... no sense for me to ramble about it's already been said...

As Christ-followers, if we're fretting around like everyone else in these crazy economic times... We're missing a phenominal opportunity to step-up and step-in....

Monday, October 20, 2008

"Open Letter to Mr. Wealthy Banker"

Mr. or Mrs. Banker:

You've been receiving an increasing amount of bad press for the millions you've earned in salaries and bonuses despite the meltdown of the very entity you led. Millions of us who are part of the "have much less" masses don't understand the lifestyle afforded to you while "Main Street" is suffering, losing their homes, their jobs, and their retirement accounts.

I believe this is a time of great opportunity for you. Our expectation is that you know the "system" much better than any of us, that you'll continue on in amassing piles of fortune for your years on this earth, and if you did participate in some type of wrong-doing, you're going to get away with it. What an opportunity to do the unexpected.

Give 80% (or greater) of the earnings you've made over the past 5-10 years directly to the situation at hand. Too little of a step would risk being simply "trite" or even more insulting. If you've made $100 million in the past 5 years:
  • Purchase 500 homes that are listed in foreclosure or are upside down in value for $80 million, rent these homes to the original owners for a substantially discounted rate so they have the opportunity to get back on their feet.

  • Provide $4,000 in funds paid directly towards the mortgages for 20,000 homes from your institution to help people catch-up on their payments that are behind. 20,000 families could be helped!

  • Or some other alternative that would best help the situation, there would be several options. You could form a great team to come up with a creative plan.

Would this make sense financially for you? No. Might your lawyers warn against this concept as a potential for an appearance of guilt? Yes. In fact many or all of your closest advisors will tell you you're crazy. Will there be millions of skeptics rolling their eyes at you thinking you're "up to something" and it's not enough? Unfortunately, yes.

But, you will be leading. Despite the naysayers, millions also will regain hope in people and will be forever inspired by your actions (myself included). Thousands of families will have a glimmer of hope rather than being faced with desperate, hopeless choices. You may inspire others to take similar actions which will only lead to more hope and changed lives. And while pundits may question, you will know your real story.

Will it be you? Will you take this courageous step? Your life forever will be changed and I would challenge to say it would be the greatest financial achievement in your life.

I am watching with anticipation.


Mark Meyer.... and I suspect thousands or millions of others....

Friday, October 17, 2008

Wisdom from Warren Buffet

"A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful."- Warren Buffet

Lesson: Observe what the masses are doing and consider an authentic distinction to do exactly the opposite.

How many times have you been part of a meeting talking about what the competition is doing and the reaction is to adopt a "we do that also" strategy?

  • While the masses dread Monday at work, find a way to love it.
  • When no one wants to deal with a particular client, be the one to ask for that account.
  • While everyone is looking for fuel efficient vehicles, look for a ridiculously low priced SUV
  • If everyone's cutting their lawns with vertical lines, go horizontal...or better yet, put in astro-turf
  • When people are panicked about the economy, have peace knowing our God will provide
  • When all insurance agents send out calendars with mug-shots of themselves to their clients, send all your clients $5 Starbucks cards and offer to meet them for coffee
  • When one candidate for President is for a $700 Billion bailout, be the candidate against it with a confident, thoughtful plan B

It's time to go launch a mortgage company. Thanks for the reminder Mr. Buffet.

Tuesday, October 14, 2008

"Looking out for #1"

When our economy is imploding, stock market tumbles 2400 points, jobless claims are up, and I'm not excited about the vision of either of our two candidates for president.... every part of me is looking to be safe, conservative, pull-back, and create financial contingency plans.

Is that what we're called to do? As both Kem and I are employed and haven't had our circumstances change, scores of people around us are hurting with job loss and dire choices.

If we have an extra couple hundred bucks a month right now- do we put it in savings for our own security or do we try to help some people in need?

I'm simply struck by my natural instinct to look out for #1.

Yet... I get this "sense" that we should share our last piece of pie every month with someone else... What are we called to do? What are you doing in these turbulent times?

Sunday, October 5, 2008

Why bad things happen to good people.

Test post from today's service.

Moblogging is da bomb.