August 20, 2016

How the Wealthiest Got Wealthy

The US Trust conducted a survey of 700 wealthy people of all ages. How do you think they got wealthy?

Inheritance? Only 1 out of 10 inherited their wealth. 3 out of 4 wealthy people came from middle class or poor families.

Own a Business? A common way, however a good number were executives. Over half of wealthy people earned their wealth in business. Earners often believe they work harder, were disciplined, and willing to sacrifice. They typically believe building a business builds wealth. Serial business builders were common.

The third way to wealth is Investing for more than 3 out of 10. Interesting most success came from smaller gains, consistent investing, and Buy & Hold produced the biggest gains. Half of investors invested in real estate, timber and farmland. Almost all wealthy people hold 10-25% in cash for opportunities.

Values the wealthy cite for their success?
1.     Hard Work
2.     Personal Ambition
3.     Family Values

What does this mean for you?
·      Does not matter how broke you start. Start.
·      More than one way to succeed. Pick based on your strengths and learn more.
·      Be patient, and keep your eyes open for opportunities.

Why should you build wealth? Because the wealthy Give Back to charities, invest in Economic Growth, and make an Impact in society. Good goals for anyone.

August 13, 2016

The Athletes are Alright

Coming up to the Olympics, we heard about was Zika, water pollution, untreated waste, problems building the venues, incomplete housing, Brazil’s economy and other potential disasters.

What I see are dedicated people competing at the highest levels. Even the lowest finishers in early heat are accomplished athletes. Years of coaching, hard work and talent are on display.

Performances are out of this world. Gymnasts doing amazing flips. Divers with body control and precision. Swimmers setting best times and records. 37 year old mothers of 3 dominating their sport.

They are and should be proud participants. Honor their efforts, not just the results. 

Be inspired to work hard with your talents. You are every bit as important.

August 6, 2016

Olympic Glory

We are going to admire wonder athletes doing amazing feats in Rio. When they need it they go deeper and get the last burst of skill, creativity and energy. How do they do it?

“Skill is only developed by hours and hours of work.” - Usain Bolt, Olympic Sprinter Jamaica

"Any idiot can train himself into the ground; the trick is doing the training that makes you gradually stronger." - Keith Brantly, U.S. Olympic marathoner

"Pick one thing each year that you need to improve, and work on that. It might be improving your diet, getting more sleep, or increasing your mileage. You can't work on everything at once." - Bob Kennedy, two-time U.S. Olympian, American records 3000 meters, 2 miles and the 5000 meters

"When you try a new type of training, think like a beginner. Just because you can run 20 miles every Sunday doesn't mean you can survive 10 x 400 meters on the track at a fast pace."  - Jack Daniels, Ph.D., exercise physiologist, coach, and former world-class pentathlete

"I don't wear a watch during my long runs. That way I'm not tempted to compare my time from week to week." - Lynn Jennings, three-time World Cross-Country champion

"In training, don't be afraid to be an oddball, eccentric, or extremist. Only by daring to go against tradition can new ways of training be learned. The trick is recognizing quickly when a new approach is counterproductive." - Benji Durden, Olympic marathoner

"Day to day consistency is more important than big mileage. Then you're never shot the next day." - John Campbell, masters running star New Zealand

"Back off at the first sign of injury. Three to 5 days off is better than missing a month or two. Take regular rest days." - PattiSue Plumer, two-time U.S. Olympian

"I make sure I have some really enjoyable training runs, remembering to 'smell the roses' along the way. That way I don't become caught up in the training-is-everything syndrome." - Sue Stricklin, top masters runner

What is in common with all the messages from the stars? It is not about winning, but doing the work necessary to prepare to win. It is finding out you are better than you thought. It is listening to your body. And having fun along the way.

Enjoy and keep working. You are Building Greatness.

July 30, 2016

The Greatest Time to be Living

Been hearing negative statements over and over recently. Gold Bugs and Preppers believe the world is falling apart. Each political party blames the other during election years for everything and anything.

You may hear:
  • ·      Times are tough.
  • ·      The economy is weakening.
  • ·      Jobs are being eliminate or sent to _____
  • ·      Society will fail.
  • ·      Currencies are going to fall.
  • ·      There will be chaos.

 “Pessimism narrows our focus, whereas positive emotions widen our attention and our receptiveness to the new and unexpected.”
– Daniel Goleman

There have always been hard times, new illnesses, conflicts, wars, poverty, and innocent people starving. Even Jesus said, “You will always have the poor”.

The truth is today is the best time to be living and tomorrow will be better:
  • ·      More food is grown on less land than ever.
  • ·      Medical science is conquering cancer, heart disease, aging, and developing therapies to rebuild our bodies.
  • ·      Computers grow faster, smaller and double in memory every year or two.
  • ·      Our phones have more computing power than the mainframes I was taught on in college.
  • ·      Knowledge has gone from stored on paper to abundantly spread all over the Internet.

 Nothing goes forward in a simple, straight manner. Innovation and progress are marked with false starts, failures, crashes and disasters. But we learn and keep improving daily.

Today and tomorrow will still be inconvenient, difficult, and dangerous. But tomorrow will also be better.

“Gratitude is riches. Complaint is poverty.”
Doris Day

July 23, 2016

My Job No One Knows

My first job after college was a career I never heard of. Even though my parents are engineers, never learned about Manufacturing Engineers. Am not alone, there are many careers no one knows about or understands.

Design engineers are what everyone thinks of for engineering. The people who can take a idea and create from scratch new products is what people think of engineers. (That and we drive trains and sound the whistle) Truth is even simple products need vastly different skills and talents to be made successfully.

Manufacturing has designers, design engineers, toolmakers, tool designers, industrial engineers, machine designers, planners, production mangers, and the craftsmen who put products together every day. Every small product takes a team of people to accomplish everything you touch or hold.

Manufacturing and tooling engineers are often considered second-class citizens by management. The example that comes to mind is I was in my thirties before I had desk younger than I. Sales had the fancy offices. Production is industrial. And manufacturing engineers plan, coordinate, improve and team to make it happen.

Why do it? I love it. Am fascinated by technology, products and services. The challenge of find the easiest way, the least cost, a faster way, a safer way, and to make your product better is consuming. People need help and you solve problems. You wake up at night with new ideas how.

Nothing happens instantaneously. The first version doesn’t work. The second round can’t be made as designed. The third version needs to be more reliable. And competition means the cost has to go down. There are always problems and challenges that have to be overcome. Innovation, creativity and persistance are key. You work hard to make your team succeed.

Production celebrates shipping new products like teams winning playoffs. Anything great is the result of lots of hard work.

There is a sense of accomplishment and knowing you have done what others could not with new products. New production systems may be invented, tools created specially for your product, people need to be trained, instructions and documents written, and schedules met.

Manufacturing is a great career even if no one understands what you do.

“Make Something Better.” Bill Boeing