What is Fair?

I bring this up is because of a recent action taken by a local school district which bothers me.

In high schools around the country, administrators plan early for their upcoming school year. During the summer they are already planning for the next years curriculum and end of year graduation ceremonies.  These ceremonies are a special and final opportunity to recognize students for completing their high school requirements and for excelling in academics, sports, extracurricular activities and other non-academic areas of high school life.  Specifically, colored cords and stoles are worn by those who have excelled in various subjects, sports, and activities. These cords and stoles are proud external representation of accomplishments to many parents, teachers, administrators and students.

A school district near me has decided that special recognition is not inclusive.  Yes, we knew that.  This particular school district sent an email to parents letting them know that next year there will be no recognition of honor. It might make others feel excluded. The school wants everybody to “…feel recognized and honored for all that they have achieved over their high school career.”  So, how does excluding some from being recognized for their achievements honor all they have achieved? What about those who have not completed their requirements?

I think this is over-reaching. High school is a gateway to adult life. Adult life sometimes recognizes those who have gone beyond baseline achievement. As students, I think it is important to understand and to deal with this discrepancy, rather than dismiss it. It is okay to recognized other people’s success rather than attempt to lessen the other person’s worth by having their achievements go unnoticed.

Fair is a word with a lot of personal emotion imbedded in it. Is fair equitable? Is fair political or hierarchal? Is fair to act like we are all the same and every effort always equates to the same result or consequence? Is fair a decision I make?  What is fair?

Leave a comment with your thoughts on this.

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3 Keys to Keeping Your Life’s Battery Charged

It’s important to keep a car battery in good condition. I know because my car wouldn’t start the other day. My Mazda Miata summer car had been patiently waiting, through the rainy winter, to take me out on a warm sunny day. And of course, with the top down! Well, that didn’t happen.  I went to Ahura (the name of the Miata), to start it up. Nada. Nothing. Zilch. Not even the headlights flickered. I didn’t understand, as I had just purchased the battery the summer before. It didn’t have a lot of time on it.

I think you are understanding the problem a lot faster than I figured it out! When I got into the car, and put the key in the ignition, I thought: “This is going to be a fun ride.” Ha! I soon learned that a car battery needs to be “exercised” at least every two weeks to stay viable. I did not know that. Now I do.

How does this relate to living a meaningful life?  You think, because you exist, that “things” will work out in your favor because you want it to.  Life has conditions and like a battery, life has best practices that need ongoing “exercise”, for best results.

When you feel run down, energy wavering, unmotivated, or floundering, it may be that your life’s battery is rundown. What can you do to recharge it?

First, you want to know what is truly important to you: not the things that are important, but rather, the values and principles that you live by and stand for. Are they responsibility, commitment, security, humor, integrity….? Take the time to know yours.

Second you want to know what your purpose (aim, intention) in life is, using your values as the principal components to define your purpose.  Along with defining your purpose, you need to determine your mission (releasing your purpose). Together, these provide the target (purpose) and the springboard (mission) for action.

From here, you determine your goals and objectives, add your timelines to them and set times to review, edit, and tweak.

Just like keeping your car battery in good order, you can keep your life in good order.  It is merely a matter of knowing how and following through on the best practice actions. 

You may not even know there’s a problem until there is a problem with your car or life battery. Now you have tools to help you recharge your battery.

If this sparked a thought or inspiration for you, write a comment. Let me know what you think on recharging your life’s battery. I would love to hear from you.

Learn Where Life and Money Intersect for Money Mastery

I received a call from a gentleman who was referred to me. He was concerned about what his kids would do with his money, once they inherited it.

He told me he spent fifteen years building a company that he sold to another company for a generous profit. He said this new cash and stock infusion was significant to him. It represented an achievement he had worked hard to gain. He knew that the money was enough for he and his wife to live on and enough for his kids to benefit from but that’s not what he wanted the money to do. “I don’t want the money to provide so much security that life becomes a series of reality tv like experiences for my two teen age kids, caught up in the moment without any particular drive or interest. They’re already putting pressure on us about increasing their allowances and buying them new cars. It’s gotten tough on my wife and I to deal with this without feeling resentful.”

As our conversation continued, he revealed that money was never given to him as a child. He had to work for it. His wife also never had a lot growing up although she was given her parents’ car when she was 16 with the knowledge that she would have to turn it over to her brother when she was nineteen and he was sixteen. They couldn’t understand or appreciate their children’s covert and overt demands for money.

After a couple of meetings to understand their concerns and objectives, we decided to put together a 3-part financial program for the family. The first section was the “Financial Conversation.” This gave the kids an opportunity to express what money meant to them, their experience with money and what challenges they had with money. Their parents could only ask questions if they needed clarification on what was being discussed, not questions to judge or criticize. Then the parents had a chance to talk about what money meant to them, their experience with money and challenges they have faced with money.

Doing this in an environment where each participant felt like they could say what they wanted without fear of reprisal or judgment was crucial.  Each member came away from that meeting with a greater understanding of what money meant to themselves and to each other. This created a bond between them which we are now using in an exercise which involves an experience around money that the kids are doing as a team. They will report on their outcomes at the next meeting.

It is important for life and money to intersect so they can support each other rather than conflict with each other. It is critically important to do so in families where money matters so money and life can each be talked about with understanding and purpose rather than with judgment and directives.

3 Tips to Sustain Family Wealth for 7 Generations

Passing wealth is usually done with the help of well-crafted documents by estate planning attorneys. But is this enough? It is if all you want to do is pass assets. It’s not if you want to keep the family intact for generations because wealth is more than the assets.

Wealth encompasses, in addition to your financial assets, your values, your philosophy and beliefs, your family culture, as well as the story of your significant experiences and how they shaped you. All these are just as important when passing wealth to future generations, as passing assets. Without these additional components, your family runs the risk of losing its wealth and all it stands for, within 3 generations. Studies by the Williams Group have corroborated this unfortunate outcome. Phrases like shirtsleeves to shirtsleeves within three generations have pointed to it.

Families have concerns about how money will affect future generations. Will wealth make their children/grandchildren/greatgrandchildren lazy, spoiled, unmotivated, rudderless?  Many families do not talk to their children or grandchildren about their wealth, their (the children’s and grandchildren’s) roles with the wealth or what the purpose of the wealth is for the family as the family grows from the first to the second, and third generations.

It is difficult to have these conversations without a road map and without the appropriate tools to use when talking about sensitive and difficult topics. How can you start?

First, begin by identifying what is important about the wealth to your family. Develop and communicate the “why” of the wealth. This will include talking about your family values, the purpose for the wealth, how your values impact the use and growth of the financial wealth

Second, engage in experiential teams to develop and nurture leadership strategies for the use of the family money such as philanthropy, higher education, or funding homes.  Educate the family about financial literacy and productive financial behaviors.  If family members are young, start them on a course of financial stewardship. If they are young adults, have them team up and develop a philanthropic family initiative and lead this initiative through its formation.

Third, hold meetings where you use active listening to understand. Let each person speak on the topic at hand without interruption. Make sure intentions are communicated and understood by all family members. Seek to connect rather than to win an argument.

Sustaining family wealth so future generations can thrive is about supporting collaboration, respect, trust, and retaining an environment built on communication that develops the family’s agreed upon common purpose.

When 2 Should Become 1 with Money Allocations

When we partner up with another person, we tend to retain our separate phone numbers, two earning sources, our own credit cards and our unique views on money.  Often, it’s our unique views on money that can create tensions and undermine relationships. After all, money is one of the top reasons for divorce. And as a mediator, I am often called upon to facilitate new money frameworks for families, ones they can agree to and build upon for financial peace.

In dual income families, I find that one person’s salary is often used for basic living expenses while the other person’s earnings are used for discretionary expenses such as vacations, restaurants, entertainment and home furnishing upgrades.

This may work well initially but as earnings, lifestyles, and interests change, conversations about money end up lost, avoided or become weapons of assumptions. Because earnings can change for one person more dramatically, or more often, than for their partner, allocating percentages to the family budget can avoid or reduce the tension that personal finances has on the family’s tranquility.

What is easy in other parts of a partnering life, such as separate cell phone numbers, separate hobbies, and different cars, money needs to become an area in which there is harmony for peace to reign at home.

I recommend that you set up a time to talk about how to use percentages of your separate earnings for more harmony with your blended financial life.

Is Silence Always Golden?

Think back for a moment, back 2 generations and bring your grandparents to mind.  Can you name all 4 of them? If you can, I have another question for you: can you name their hobbies and interests …for all 4 of them? And if you can, I have one more question for you:  do you know what they stood for, or, said differently, what they believed in? Interesting? You are an exception if you know what even two of your grandparents believed in.

Now, join me as I take you one generation further back. How many of you can name your great grandparents…all 8 of them? In a room of 100 people, when I ask this question, I am amazed at how few can name all their great grandparents.

With the first set of questions, usually about 95% of the room can name their grandparents, about 65% can name their hobbies or interests, and less than 20% can name what all four pf their grandparents stood for.  Going back one generation further it is rare when more than 3% can name their great grandparents.  This is tragic because research has shown how beneficial it is for a child’s well-being to understand their family’s storied history.

In the 1990s, Dr. Duke, a psychologist at Emory University, along with a colleague, Dr. Robyn Fivush, tested a hypothesis. This initial thought was developed by a psychologist who found, while working with children that “The ones who know a lot about their families tend to do better when they face challenges.”  Dr. Duke and Dr. Fivush developed a measure to test this hypothesis.  From responses, they concluded that the more people knew about their family’s history, the stronger their sense of control over their lives, their higher their self-esteem and the successfully their believed their families functioned.”

Is silence always golden? No! How are you sharing your family story?

For more information, read here: https://www.nytimes.com/2013/03/17/fashion/the-family-stories-that-bind-us-this-life.html

2 Critical Issues Facing Family Businesses

For families with businesses, there are two big problems that surface as the family grows and ensuing generations get involved or migrate away from the family business.

Conversations about the business that may have started in the living room at home, moved to the kitchen, then a conference room then to a board room, often become a struggle as families grow and as individual agendas develop. Working well together, across generations, can become tense when visions are not aligned, and responsible stewardship is not defined. Competing and contrasting priorities due to generational differences, ownership positions, and desires for the business as contrasted with desires for the family harmony, surface.

It is not natural to manage such complexity. Like a garden who needs proper care and maintenance to stay healthy, relevant, and vibrant, a family is best served by developing a disciplined and purposed component to their family and family business dealings and becoming responsible stewards of what they are growing and eventually, passing down.

Determining an initial purpose to both the family and family business initially separate the two entities so they can clearly define themselves independently. Agreeing on and articulating the value, vision and mission of each entity across generations is key to being responsible stewards. Adapting and becoming comfortable with change is the responsibility of each generation.

Questions to consider asking at home:

  • Who do we want our family to be, as a family?
  • What do we want our family to represent in the community?
  • What is important to us as a family: what do we believe in? What do we stand for?

Creating purpose, mission, vision and family teams to develop the family’s success goes a long way to sustaining intergenerational trust and sustainability.

Questions to consider asking about the business:

  • What is the purpose and mission of the business?
  • Is the business meant to develop as a business or build family wealth?
  • What do we need to do to support our working together?
  • How do we communicate business information so it does not take over or interfere with the family environment?

Knowing the purpose of the business, communicating that to the family, developing trust in leadership development are all critical to successfully passing a business legacy and leadership from one generation to the next.

When Trust Wavers…

Family dynamics can be challenging at times. I am reminded of a situation where one family member, a sister, asked her brother why they had stopped talking to each other. Silence was her reply. After asking the same question a few times, and getting silence as the repeated response, she got up from the table and left. That was the last time she engaged in conversation with him for years.

Her family had a history of mistrust. Behind the scenes, there were not so subtle attempts by most family members to influence the remaining parent in directing how and to whom her assets should be dispersed.  Family gatherings were polite and casual as family members placated their elder mother in hopes it would rebalance her estate plan in their favor.  The sister witnessed this behavior and chose not to participate in it, thinking that having a well-mannered relationship with all would prevail in the end.

Years later, after their mother had passed and the will was read, this sister, who had forged an independent life for herself while still reaching out to her siblings, found she had been completely omitted from any estate distribution; no assets, no jewelry, no books, no mention, no nothing. It wasn’t the assets she felt she deserved, it was the omission of her in any way, that hurt her.  She felt like she really did not need to be there.  It was embarrassing to feel that she really wasn’t part of the family. The brother, who responded to her in silence years before was the executor or their mother’s will. As the sister later learned, there had been some underhanded tactics used to try to convince the mother of one sibling’s family’s “wonderful” intentions while undermining the intentions of the other siblings.

Family members, as trust wavered, found ways to undermine ones that had weaker positions in the family while elevating themselves. It destroyed the family harmony. After the mother’s passing, and will was read, lawsuits were filed, letters of betrayal were found, and the family was destroyed.

Is breaking trust and family discord really worth it? IT is a tough question to ask and very important to consider, when cordial harmony mask darker intentions. People will rebuild family units but consider how much stronger a family can become when trust and harmony are nurtured.

The Power of our Values is Distinct

When living a life full of activities, projects, deadlines and other calendar driven things, where can you turn when you ask: “How do I add more meaning to my life?” What can you do when you want to explore the inner meaning, maybe not with as much passion as what is already consuming your life, but at least with some inquiry? Is there something more to life worth pursuing? I think so.

I still remember, when, years ago, a marketing consultant for my business, asked me, in my first assignment, to identify my values. At first, I was puzzled by this request as I was ready for the big idea to implement. But she was right when she said” To build the business, we must begin with you knowing your values, the foundation of who you are and what drives or motivates you.”  I nodded with skepticism as I had no idea of the benefit to looking at my values. She gave me a list of values and told me to identify my top 3 “Oh, that should be easy “I thought, as I looked at the words. But then, as I looked through the list, I found that most of them were significant. How would I choose just three? I did not know my top values.  I do now and for the last 20+ years, every year, I refer to them constantly in both my personal and professional lives. But why?

From that exercise years ago, I learned that values are our guiding principles. They tell us why we are motivated to take certain actions, why we decide to say yes to one thing of seeming import, and say no, to yet another. Our guiding values lead us.  As they lead us, and as we let them guide us, they help us to simplify our lives and pursue that which matters, with passion, purpose and success.

The power in our values is distinct. Think about a person who has had a powerful and positive impact to you, in your life. What is important about them to you? It’s likely a value will come up that is very important to you, one you still key to you today.

Our values act like an inner compass. We decide whether to listen and follow them or not. When we do, we feel more centered; when we don’t, we tend to feel more confused or rudderless.

Have you been Mansplained? Been What?!

I was recently involved in a robust online conversation on mansplaining. As soon as the topic was raised, opinions started flying in, ranging from irritated frustration at the experience to recharacterizing mansplaining as verbal kidnapping. I would have remained a spectator to the group conversation until verbal kidnapping was presented as a description to mansplainng. That was my moment of: “Wait a second, that seems a little much.”

Mansplain is defined in the online Merriam-Webster dictionary as: to explain something to a woman in a condescending way that assumes she has no knowledge about the topic.

As I have experienced mansplaining, I thought I would bring it up here to gain perspective and understanding. Here, in part, is what I shared with the online conversation.

“I am adding to this robust dialogue as I cannot reconcile the phrase ‘verbal kidnapping.’ (with mansplaining). Kidnapping means: take by force. This is different than taken by surprise or be overwhelmed or belittle or even attempted to connect with.

Having come up in male dominated industries, financial, jazz guitar, and entrepreneurial success, I have experienced it many times, sometimes overt and sometimes covert. For quite some time, I took it personally, like they were exhibiting behaviors because I deserved it/asked for it/put out the vibe/looked like I wanted it/was a target for their unloading. Eventually that turned to understanding that it was not about me, they did not even know me but they needed to wield their power/show me who’s got the upper hand/offer friendly unsolicited advice/want to show off/join the conversation/demonstrate how intelligent they were/demonstrate how keenly aware or observant they were being/ and more.

Initially, I either stood stunned or snorted out a weak comment only to fine I was fueling the fire, the fire of false objectives and false perceptions by the mansplainer. I then shifted to inquiry in my attempt to gain understanding as to their intention with being so directive with me.

So, how do I deal with it today? IT DEPENDS. It depends on the situation, my perception of their intent, that which I want to protect within myself, the point I want to make….

For one person I might cut them short  to end a ‘correction’ or added ‘expertise’ they want to interject.

For another person, I might let them go on until I see an opening and then end the conversation in full awareness that their behavioral habit will continue with someone else. I choose not to take the time to get into the fray.

For yet another person, I may ask them their intent on sharing with me as I want them to be clear as to whether they perceive me as unprofessional/unqualified/not at their level or perplexed at my keen insight which might contrast with my small stature.  😊 These may all come into play.  I can then respond more appropriately with more clarity

I no longer initially judge mansplainers to be foe. And it’s not just mansplainers, there are womynsplainers. The wolf wears either gender sheep’s clothing to get in to the stall!

Tell me your thoughts? Have you been mansplained? How do you deal with it in a way that preserves the essence of who you are, your values?