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Wealth Building Strategies

Self-Leadership Learn to Lead Yourself Before You Earn the Right to Lead Others

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 03 May 2016 13:09

"Nearly all men can stand adversity, but if you want to test a man's character, give him power." - Abraham Lincoln

compassThe biggest leadership challenges I ever faced in my career invariably ended up within me.  While the initial problems may have been external, the battle to solve the problem was fought in both my mind and heart.  This internal struggle by a leader to know, do, and be the right thing, at the right time, becomes the true test of character.

Leadership trouble erupts when the external problems overwhelm the internal abilities and emotions, usually as a result of insufficiently developed good leadership habits and self-disciplines.  While literally any dummy can be a good leader during great times by maintaining the status quo, true leadership is tested during times of tremendous stress, strife, change and conflict.  Just like a top athlete who is paid to perform for the entire season, the athlete earns his or her pay in the critical moments of a championship game.  This game-ready leadership state starts with developing and then maintaining tremendous levels of self-discipline compounded by systems that do not fail while under stress.

I first noticed this in the corporate world, while starting my career in a 1,400 person high-volume, advanced electronics manufacturing facility, which was an incredibly fast-paced and stressful environment.  Some of our skilled, long-term production supervisors could withstand almost any chaos that came their way (fires, fights, equipment breakdowns, etc.) with inner calm, the new supervisors (myself included) had not developed that inner fortitude. 

Over the years and through subsequent executive roles, I realized that I needed to develop myself to a high level of self-discipline and good habits, in order to exude confidence and calm to others for whom I had the responsibility of leading. 

This has been a lifelong project, and today, I want with you to share the three most important principles that helped me develop self-leadership.

Self-leadership Principle #1:    Make self-discipline a priority



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Wealth Building Strategies

How to Win the Loser's Game - Part 8

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Posted by Sensible Investing TV

on Wednesday, 20 April 2016 10:47

 So, how can ordinary investors apply the academic evidence - the lessons learned from more than a hundred years of rigorous research? How can they apply that to achieving their financial goals?

Well, this might sound dramatic, but the work of Louis Bachelier, and of Nobel Prize-winners like Samuelson, Sharpe and Fama, should make us question almost everything we thought we knew about investing; and almost everything the financial industry and the media tell us we should be doing. Let’s watch….

“If you are serious about investing and building wealth the video documentary series ‘How To Win The Losers Game” is a must see. It’s excellent. 

After watching the video if you want to learn more about better low-cost, long-term, low-maintenance, diversified investment strategies, download our free guide “12 Essential Ideas For Building Wealth” by clicking on the banner at the top of this page.

Paul Philip, Financial Wealth Builders Securities

columbia u

 

 

 

 

 

 

 

 

 



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Wealth Building Strategies

Six Steps to Building a Great Team!

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 19 April 2016 19:29

summary1“Few things can help an individual more than to place responsibility on him, and to let him know that you trust him.”

- Booker T. Washington

Great leaders recognize that nothing is complete within isolation, and focus on building great teams. In business, we often talk about the importance of teams, but rarely take the time to truly plan out our effective teams. There are five traits necessary to building a great team.

How to build a world-class team

  1. Focus on building the team before you need to accomplish the big task. By getting the right team in place before the main task is executed, people will feel that they are part of the bigger picture and be more committed.


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Wealth Building Strategies

Want To Get Rich? Go Where The Money Is

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Posted by Eamonn Percy - The Percy Group

on Tuesday, 12 April 2016 19:26

An investment in knowledge pays the best interest.”
- Benjamin Franklin
 
Screen Shot 2016-04-12 at 7.21.36 PMI have been travelling over the last few weeks, including a business trip to Toronto, which is where I started my career in the 1980s as a young electrical engineer.  The city seems to be booming right now as many industries, from finance to real estate are doing well, and the region is somewhat sheltered by the downturn in the oil and gas markets.

My few days in the city reminded me of my first trip to Toronto in the fall of 1986.  I had graduated with my engineering degree in May of 1986 from Lakehead University in Thunder Bay, Ontario, and had enjoyed a few months off in Vancouver to take in the sights of the world famous Expo 86.  As the summer wound down, my job hunting activities in Vancouver ramped up, but the career choices for a newly graduated engineer in Vancouver were slim.  After a number of disappointing rejections, I finally received a job offer but it started at a 'training salary' of $1,000 per month, which was a modest sum even back then.  

It was during a particularly low point that a family friend mentioned to me that if I wanted to be successful I needed to "hunt at the watering hole".  While not a hunter, I got the analogy immediately and decided that if I was to launch my career, I needed to go where all the action was and throw myself in the middle of it.  In Canada, the business centre of the action was and still remains Toronto. So on a Monday I purchased a one-way ticket to fly to Toronto that Friday, and within two weeks of arriving had landed a job with The Ford Motor Company.  It was a great start to my career and the rest, as they say, is history.

Over the course of my career, I periodically needed to remind myself to 'hunt at the watering hole' or to 'go where the action is and throw myself in the middle of it'.  My recent trip back to Toronto was another good reminder.  It is a good reminder for you as well, from both a career and business perspective. I am not suggesting moving to Toronto, however, that may be a good option for some businesses or people. What I am suggesting is to remind yourself that the purpose of your business is to creatively develop products and solutions that help the most number of people solve problems, and then charge them for it.  You can do that best where the action is hottest and your customer are concentrated!

Use these three steps to make it happen:



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Wealth Building Strategies

Six winning strategies to build your wealth

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Posted by Money Sense Magazine

on Tuesday, 12 April 2016 06:58

invest 1201Follow along with us to discover the approach that best suits your particular portfolio size, time line, level of experience and appetite for risk. 

Momentum investing: A truly wild ride
Want to shoot for the stars? Consider momentum investing, where the drops are stomach-churning, and the possible returns jaw-dropping. 

Value investing: A taste for value
Love a good bargain? Check out value investing. It’s not for beginners, but with a little patience this strategy can produce stunning results.

Dividend investing: Yield to growth
Like the idea of stocks for the long run, and getting paid to wait? Take a look at dividend investing, and discover the power of high-yield growth.

Index investing: Easy street
Want a low-cost investing strategy that beats most professional managers? Harness the humble power of the Couch Potato.

Mutual funds: In good hands
You can get great long-term results with mutual funds—you just have to keep it simple and watch the fees.

Fixed income: Safe and sound
No stomach for stocks? A smart fixed-income strategy can help you achieve your financial goals with a minimum of risk.

 



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