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Terry Storch Dispatch w05.2019
At Life.Church this past week, we just wrapped up our Operational Staff Meeting (OSM). This is a time where we bring all our staff teams together for three days to focus on celebrating last year, setting goals and direction, and hearing vision and insight from leadership. It’s a great time! On Tuesday, I had an opportunity with other leaders to present about "Culture" and being a carrier of that culture. My topic was specifically about Trust, and a few quick hits were; Because integrity exists, trust exists; Trust is freely given; and finally, one of my favorite quotes from pastor Craig:
“If you don’t trust your team, you’re either too controlling or you’re in the wrong place. Either way, the problem is yours to solve.”
Last week I received a lot of email replies around goals, thank you! I always love hearing from our readers. Here is a comment from my friend Cindy:
"Regarding New Year’s resolutions...I don’t make yearly goals, but monthly ones. I evaluate on the last day of each month and also set new ones for the month coming up. I like this [method] because I don’t know what May or September will hold.
I set seven goals for January and would have hit all seven if I didn’t have to navigate some extended family issues. But, I was on my way. So thankfully, my lack of meeting these goals was not because I just threw in the towel."
Thanks, Cindy! I love the idea of monthly goals with a quick evaluation period following. I added a monthly recap page in my bullet journal specifically for this. As soon as January was over, I took an hour to log the wins, losses, learnings and key elements I wanted to highlight. I have found in the last few years that reflection is often undervalued and overlooked.
There are three methods to gaining wisdom. The first is reflection, which is the highest. The second is limitation, which is the easiest. The third is experience, which is the bitterest.” –Confucius
22 trillion in debt, GDP just over 20 trillion...our economy is sputtering, but most don’t realize it. The link above will show you how this compares to other countries. Recently at Davos, Ray Dalio talked about his fear of the next downturn. When Ray talks, it’s worth listening. As for me, I am continuing to invest wisely, staying diversified in markets as well as in investments, and sticking with the plan. If you're interested, Tony Robbins offers some great basic advice.
On this topic, I am not sure if you saw the raise allotted for retirement investments. If you didn’t, make sure you are aware of what you can put away in your retirement funds...as well as the ability to “catch up” if your over 50. (Read more) I also encourage parents to start teaching your kids early about money management and investing. We started super early with the basic 10/10/80 principles...tithe, save, spend on all income. We also read together Rich Dad, Poor Dad as well as The Top 10 Distinctions between Millionaires and the Middle class, and discussed Dave Ramsey’s 7 principals.
A statistic that blew my mind recently was “grey divorce”, which is defined as couples over 50 years old getting divorced. Compared to divorce rates in 1960, gray divorce in the United States has increased a startling 700%. This Forbes article discusses it in detail. So many great learnings in this article, and items Robin and I talk about often. We surely do not have it all figured out, but we are working on growing closer the older we get. We plan on helping lower the grey divorce rate, how about you join us!
I am very aware of my “running hot” tendency, I wrote about it a while back. I have realized as an ENTJ, Enneagram 8, StrengthsFinders Competition & Maximizer... I am just geared to run hot, run fast, and run through things others are not able or willing to. However, the downside to this is fairly obvious: rest does not come easy for me. Over the last few years, I have gotten so much better, but I am still not as good as I'd like to be. This "Rest Isn't Always Fun" article from Ed Batista was a great read. I can say my addition of morning meditation has been a good discipline that hasn't been easy or fun, but I believe it is bringing solid mental rest.