Darren Hardy, in his book The Compound Effect, discusses the power of your “why.” If you were offered twenty dollars, he asks, to walk a thirty-foot plank that was lying on the ground, you would certainly accept such an easy challenge. But what if the plank were between the tops of two tall buildings? Would twenty dollars be enough to take such a risk? Then imagine that you needed to cross that plank because the other building was burning and your children were in peril. Under such circumstances, all of us would scramble across, without even a thought about money. This illustrates the power of determining your “why” – understanding what motivates you to action.
Unless we find a source of motivation, energy, and inspiration – something truly important or even urgent – we won’t take the action we ought to take. As humans, we are incredibly prone to procrastination or taking the path of least resistance. By and large, we avoid change and are slow to move toward new ideas and innovations. What we need is to see and understand our “why,” opening ourselves up to different perspectives as well as new resources, searching and then focusing on how to move in the right direction.Read More
If you have been following this series, you have filled at least three pages in your Design a Life of World Impact notebook. To recap, you have done the following:
The third step builds on the first two. Once you know where your passions lie and have examined your past, you are ready to create new goals. These cannot just be small wishes or actions that evoke minimal emotions within you. Remember, the goal of this series of lessons is to create a legacy-building impact on a huge scale. So, you will need to think big. Let’s take a closer look at the details.
Your BHAGs must be a huge inspiration to you: Here’s why.
Many people could easily write big checks, but something holds them back. Most of our clients are age 60 and over and have a net worth generally in the range of one million to thirty million dollars. They could spend hundreds of thousands of dollars more than they spend now, but they can’t bring themselves to do it. When shown that they have excess wealth, they might travel more or perhaps buy a second home, but they’re not likely to do a whole lot more than that. It is just not who they are.
Ask yourself this: How much do I really need for what I’m going to do? Is my goal to see how much money I can pile up? Or do I want to leave my mark on how it is spent, on what my money can do?
Here’s the truth about legacy planning and philanthropy: Including a charity or nonprofit in your planning does not have to mean that you will leave less to your family. One does not need to exclude the other. It can be done through alternative methods that are quite legitimate. It is just not the traditional way that most people plan.Read More