I recently sat at coffee with a sharp young man named Nico Pesci. I find him driven and bright. And what he shared with me that morning was a new twist on how he set his New Years goals. I found his experience worth sharing and I have permission to let you in on our nine-minute conversation.
Have a listen, and let me know what you think about Nico’s new method for goal setting. Maybe you have one you’d like to share. Let me know.
“Appearing to be perfect is more the norm than we as Americans are often willing to admit.” These are the words that came out of an up-and-coming entrepreneur’s mouth recently when we met for coffee. Lauren is a young, successful Real Estate agent. I requested the meeting because I admire how quickly she has gained respect and a certain level of street credibility.
In our conversation she spoke of her forty-something friends who recently confessed that they have too big of a home (which equals too large of a mortgage), too small of a bank account (which means little if any savings), too many toys (which includes a boat they can’t fully enjoy because it has maxed out their credit). In Lauren’s words, “These people told me they ‘look perfect’ on the outside and their financial condition could topple any moment into ruins.” I would add that any appearance of perfect is typically vulnerable and topples easily as well.
How did Lauren become so wise about finances? The hard way. She’s 30 and expecting her first child. She is well versed in encountering financial barrens because she’s been there. At one point she was drowning in credit card debt – she owed half her annual salary. Much of her current peace-of-mind and accomplishment have come from hard work and because she decided to re-think her concept of wealth. She decided that the only way to get out of debt was to make changes, pay the consequences, and lose a few friends along the way (because sometimes the company we keep expects us to keep up with the Joneses). She knows first-hand not only what it means to improve her credit score, she knows how it feels to be debt free.
Wealth in Lauren’s mind is actually the inverse of what most of us hold in our minds when we think of the word. Most of us think of wealth and imagine possessions. We see visions of a large home, a boat, several cars, vacations and on and on. Lauren would tell you that wealth means low-overhead, no debt and living so well within your means that you can live in a bikini on a beach for a month without any consequences.
If Lauren could offer up a piece of free advice on how to do what she is doing it would be this:
“Live honestly and be happy.”
And I would add a challenge to Lauren’s advice: If you are ready to start living honestly and be happy connect with us for coaching to help you do just that.