“And once you teach them to give back, life becomes a lot more fulfilling. The only way to get fulfillment is through contribution and giving. That’s what I believe.” -Bill Lyons.
I completely forgot about this article and never even new it came out. I hope it can remind us all to contribute and give on a higher level.
There is a great article in American Banker dated June 9th, 2008 discussing how the mortgage crisis is causing some lenders to rethink how to compensate loan officers.
I do like some of the proposals like paying the loan officer over time like the insurance industry or how they pay loan officers in the UK. Residuals are always nice and it gets sales thinking long-term.
The more people you can get thinking long term the better everyone will do. If I were able to offer residuals I know the quality and professionalism of my originators would drastically increase and so would the culture.
It would eliminate/reduce short term limited thinkers who are out for the quick buck! It would improve loan quality and reduce risk for all involved in the food chain from origination, warehouse, secondary, investor and servicing.
I wish you and your family a peaceful Memorial Day holiday, as we remember the sacrifices of all of our Armed Forces servicemen and women, past and present, who have worked so hard to protect our great country. I truly appreaciate all that you have and continue to do for the country! We honor you!
Take the time to read the wireless telephone laws FAQs from the CHP website.
The new law goes into effect July 1st 2008. Time to go out and get a hands-free device / Bluetooth
It amazing me at how many people look at investment opportunities and don’t even take TAXES, INFLATION and DEBT into consideration. Those alone can make or break a deal!
This months P4P newsletter discusses those things and…
Buy-Sell Agreements
Indentity Theft
Creating an “Inheritance Portfolio”
The Soda Game
1. THINK – Owning a prosperity mind-set will overcome poverty. Don’t think from scarcity.
2. SEE – Having a macro-economic point of view, where you can see how each one of your economic decisions affects all the others increases prosperity. Don’t see micro.
3. MEASURE – Awareness and measurement of opportunity costs enables their recovery. Ignoring them loses money.
4. CASH FLOW – The true measure of prosperity is cash-flow. Don’t focus on net worth.
5. CONTROL – Those with the gold make the rules. Don’t lose control of your money.
6. MOVEMENT – The velocity of money is the movement of dollars through assets. Don’t just accumulate money where it is not moving.
7. MULTIPLY – Multiplying money means one dollar does many jobs. Don’t disable your dollars by having each dollar perform only one or two jobs.
Above is one of the greatest moments in olympic gymnastics!
The US women were on the verge of an historic win in the team competition in Atlanta. Then the unthinkable happened: Dominique Moceanu, the youngest member of the team, fell on both of her vaults in the last event of the day.
With just a slim lead over the Russian team, it was essential that Kerri Strug, the final American gymnast to perform, nail her vault. But Strug fell too, injuring her ankle in the process. With just one more shot, Strug ignored her injury and ran down for another attempt, sticking her vault before crumpling to the floor in pain.
In doing so, she assured the American team its first Olympic team gold, and instantly became one of the most recognizable faces of the 1996 Games.
Tony Robbins tells this story when he talks about team, commitment, and raising your standards.
As we are developing our new elite team we talk of these things often.
I think about what worked well in the past, what didn’t and how to avoid the same mistakes.
It mainly came down to who you hire and who you don’t fire that makes up the dynamic.
We talk about demanding more than anyone else can!
We talk about pushing beyond limits!
We talk about not just being good but being OUTSTANDING!
We talk about following the system (rituals) and being coachable!
We talk about thinking BIG, work ethic and seeing the job through with tenacity and heart!
We talk about being a professional!
I hope that one day our team can be as strong and harmonic as the 1996 USA Team!
Are you inspired? Do you have the mental control to get up like Kerri?
What’s the word on the street? Permanent life insurance is a valuable asset for any financial portfolio. It provides a guaranteed death benefit and a guaranteed return on your premium that can help you build wealth.
View CNBC’s four-minute video where news anchors Dennis Kneale and Sue Herera interview two independent financial advisers who endorse the value of life insurance for every financial portfolio.
Check out some history here and have a Corona today!
The Lyons Den 