Today's the day! Thanks to our #BritsGive Change Agents, you can help Albion unlock bonus dollars by giving early to support student scholarships, faculty and staff innovation, off-campus study, experiential learning, counseling services and more this Giving Tuesday. Be among the first 100 donors to donate $100 to Albion College, and our #BritsGive Change Agents will match your gift up to $10,000.
⏰ Make your gift at https://t.co/g6mZPKbms3 and be counted toward our goal of 300 donors in 24 hours.
👍 Follow Albion on social media
💜💛 Share why you love Albion College and ask your network to do the same. Selfies in Albion gear are encouraged. Don't forget to tag Albion College and use the hashtag #BritsGive
4 things that should be required learning in high school:
1. How a credit card works
2. How to create a budget
3. How compounding of interest works
4. How loans and credit scores work
Like the list - might call it barriers to creating wealth. No earnings power no chance of creating wealth so start investing in yourself and skills.
Once wealth is created…. Add the following killers: disability, divorce, addiction, and supporting others
Top 5 Wealth Killers:
#1 By a landslide: credit card debt
2. High student loans without a high earning degree
3. House(s) / car(s) beyond needs and with a higher carrying cost than you can afford
4. A partner that encourages excessive spending
5. Personal lifestyle creep
I was recently struck by a realization:
The people I read books about are very rarely the people I would ever want to trade lives with.
Why?
The price of their success was not one I would be willing to pay.
There is a price tag for anything you want to achieve in life.
Every single thing you want is an output that requires certain inputs to buy or earn.
Importantly, there's a "List Price" and a "Real Price":
• The List Price is the actual, direct price to pay for the thing you want (effort, time, energy, etc.).
• The Real Price is the List Price plus the indirect price in the form of the tradeoffs and opportunity cost of the pursuit.
Using the example of John D. Rockefeller, the List Price for his success was the countless years of 24/7 hard work and focus, but the Real Price also included the loving relationships lost, the physical and mental health deterioration from the nonstop schedule, and the reputation damage of some of his business practices.
There's the List Price you see, and the Real Price you don't.
Before you go after anything, make sure you know both.
What I've learned: There are many things in life that look like a great deal based on the List Price, but a ripoff based on the Real Price.
Three questions we all need to ask ourselves:
1. What is the List Price of the thing you want?
2. What is the Real Price of the thing you want?
3. Are you willing to pay that Real Price?
For me, thinking clearly about the List Price and the Real Price of the things I want has helped create a balanced existence.
I spent most of my life thinking that I wanted to build something enormous, be extraordinarily rich or famous, and have some large buildings named after me.
But while the world certainly needs some people to continue thinking like that, as I've matured, I've realized that the Real Price of those things is not one that I'm willing to pay (at least not for now).
It would almost certainly mean giving up these 1pm Wednesday pool days with my son—and I'm just not willing to do that.
In a different season of my life, perhaps I will reconsider my view on the Real Price, but for now, I'm thrilled to enjoy my pool days and leave the building of something enormous to one of my amazingly ambitious followers!
Markets can be described as cyclical, volatile, and full of booms and busts. And while no one knows WHEN those booms or busts are coming, we want you to be prepared either way. https://t.co/lMGTmkFqGx
My guest on today's #FASuccess podcast is @WymanTimothy, Managing Partner for @centerfinplan! We talk about how he, as a second-generation partner, helped redesign the firm’s organizational structure from siloed advisors to an ensemble practice. https://t.co/0s0PkCaOGK
We'd like to wish a Happy Mother's Day to our Center mom's and all of the other mom's out there 🌷🌼 We hope you feel loved, appreciated, and celebrated today and every day!
We are incredibly honored to be recognized by Forbes as a 2023 Best-in-State Wealth Management Team. Watch this video to check out our team's reaction to the news! https://t.co/IpeVFZNz9K
Congrats to my friend and fellow Rega on being recognized by Albion College! #GoBrits
James L. Curtis Alumni Leadership Award
Reginald K. Harris, ’90
https://t.co/KdTH5QJXdu