Hopping Into the Delorean

Nearly every time I start working with a new client, they make the statement, “I wish someone would have shown this to me when I was younger.” This comes out of the mouths of people in their 50s, 40s, 30s, and even late 20s. Almost without fail, people have this moment when they realize how much better their financial life or career would be had they implemented some of these ideas earlier in life. My moment came when I was 28 years old. I was still pretty young, but I had already made multiple life-altering financial mistakes. If only I could get a do-over!

Unfortunately, none of us can hop into our Delorean, accelerate to 88 MPH, and tell our younger selves the secrets of a better way. On the other hand, we actually do! We all have young people in our lives who we love. I think about my youth group kids, nieces, friends’ children, and other friends who are (much) younger than me. “I wish someone would have shown this to me when I was younger.” We may not be younger, but these other people are! Each of us has an opportunity to help shift the life trajectory of the young people in our lives. Even just one little conversation could be transformational for their journey. Words are free and words are powerful.

I’ll leave you with one story. Several years ago, I was paddling a canoe in the Minnesotan wilderness with a young man I had just met the day before. We used that opportunity to get to know one another. We talked about sports, family, passions, dreams, and probably a whole lot more. I really enjoyed that time with him, but I don’t have any significant memories of that particular conversation.

About 12-18 months later, out of the blue, I received a thank you card in the mail. It was from that same young man! in it, he explained how that conversation in the canoe changed his life. I shared ideas, encouragement, and advice that would go on to fundamentally shift the way he perceived his money and career. The rest is history, as they say. To me, it was a casual conversation. To him, it was so much more. I love that guy and I’m so proud of him! He’s now like a little brother to me and one of the great blessings of my life is to watch him thrive. Words are powerful and words are free.

Hop into the Delorean and bless those young people in your life! It will change their lives…..and possibly yours as well!

Slow Down or Get Burned

We recently made a bad decision in one of my businesses. It’s not a life-threatening mistake, but it was serious enough to cause some heartburn and consequences. We haven’t made many bad decisions in the past, but this one was a doozie. In the moment I kind of knew there would be regrets, for one specific reason. We rushed to make a decision and did so under pressure.

Us humans rarely make good decisions when we’re under duress or facing time constraints. It’s a concept I talk to clients about all the time, yet here I was falling for the same trap. This topic is so, so, so important. Think back to the financial and career decisions you regret. Were you under stress or experiencing pressure to make a quick decision? The answer is probably “yes” in most cases. Common examples of bad financial decisions revolve around the following situations:

• When we’re faced with a car accident or significant repair needs, which often leads us to quickly buy a vehicle we can’t afford.

• When we’re house shopping and the seller’s agent tells us there are a few other offers on the table already, forcing us to make a snap decision.

• When we experience a major medical or relational situation, resulting in us making impulsive financial decisions to self-medicate the pain.

• When someone offers us a job but they need to know by the end of the day.

One of my primary objectives when working with clients is getting them to slow down, take their time, and be intentional about their decisions. It’s a simple concept, but it’s easier said than done when life is moving fast and feeling chaotic. There are probably 10-20 decisions made (or not made) each year that have the power to significantly alter our financial journey. If we can slow down and get those right (or at least not get them wrong), our future selves will be grateful.

Have an awesome and intentional day!