Bias for action. Gets things done. Go-getter. Traits companies big and small look for. And for good reason, you're being hired to do things! However, action is a secondary step that often overshadows the primary step, direction. Clear direction is the foundation that enables our actions to takeoff. Without it, we're stuck in the mud. Striving for clarity is an underrated skill. Having the courage to ask ( seemingly ) obvious questions, and to check in, making sure we're all on the same page. "O bvious " questions are a low risk, high reward way to add value. At worst, you'll add confidence to our actions. At best, you discover a misalignment that saves us from a dead-end. The more people, the more clear we need to be. The bigger the initiative, the bigger the risk of reaching the finish line, only to realize expectations were off. Success is always uncertain. But we can be certain about what we want and what everyone's job is. Things that can be clea
Based on a 2018 Gallup poll , only 37% of young adults (34 and under) invest in the stock market. That's pretty alarming. It means more than half are hindering their ability to save for retirement. By not investing early, the power of compound interest is dampened. Compound interest works like a snowball on a hill, the taller the hill (the longer the runway), the bigger it'll grow. The sooner you invest, the more money you'll have. Many are simply stockpiling money into their bank accounts. Checking accounts typically don't pay anything. With savings accounts, you're lucky to get 1-2%. Inflation is about 2% . Thus, with a checking account, you're losing money every year in terms of purchasing power. With a savings account, at best you break-even. Stocks have a higher expected return, averaging ~ 7% annually (inflation-adjusted). The higher return is due to the higher risk. Stocks are more volatile, able to dramatically go up and down in the short-