Imagine it’s you and 101 others crammed into 1,632 square feet of living space. For 66 days in the North Atlantic Ocean. No air. No heat. Oh God…no bathrooms.
Welcome to the Mayflower. It's the year 1620.
""I told them how much money we had, how much money we could expect, and how I planned to spend it. I put on a brave show, but inside I was terrified."
Paul Downs wrote those words to describe what it was like the day after laying-off 13 of his 23 employees. He was in agony worrying about the people he'd just let go, the people that still counted on him for their jobs, and his own family. If you've never owned a business, it's difficult to appreciate just how much of your identify is wrapped up in the business you're trying to build. In Paul's case, if he couldn't turn things around, that was it. Twenty-two years of his life wasted. He'd be a failure.
"As for the rest of us left behind, I hope this is the beginning of a time of healing and learning to be a family again. There will be no service, no prayers and no closure for the family she spent a lifetime tearing apart. We cannot come together in the end to see to it that her grandchildren and great grandchildren can say their goodbyes. So I say here for all of us, GOOD BYE, MOM."
This was the last paragraph of the obituary of Dolores Aguillar, published in the Vallejo Times Herald on August 17th - 18th, 2008.
Many of you may have read something like this on Facebook recently. It was floating around in a story about a woman in Florida that had died early last year. That obituary itself was plagiarized from the one above...which is true. It shocked me because I had never read anything quite like like it (except for the story I'll share in a minute). Unlike others that we might read today, the traditional platitudes to kindness or love do not exist in this obituary. This daughter writes that her mother "made no contribution to society and rarely shared a kind word or deed in her life." Painful, isn't it? She's sharing too much. Yet when I ask myself why, I easily understand that Mrs. Aguillar was a poor human being and her daughter merely provides an honest description of her mother's life. What makes this unusual is its truthfulness. As we know, the truth of one's life is not often found in an obituary.
Out of kindness.
I sometimes wonder if that is good for us. At one's death, does our avoidance in recognizing some of the mistakes made in the lives of those now dead make it too easy for the living to be less than we can be? Less than we should be?
Think about it. If we knew that more of the truths of our lives would be written and spoken at our deaths, would the living work to be better? To be more?
Yes, I believe we would.
I know of only one man in history who was given a chance to read his own obituary before he died. What he did as a result of that experience changed the world. Here is his story....
“Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.” - Aristotle
The Biltmore House in Ashville, NC is one of America's castles. It's a magnificent structure that honors human achievement. The wealth that made it possible came from Commodore Vanderbilt of steamship and railroad fame. With a net-worth of nearly $150 billion in today's dollars, Vanderbilt created one of the largest fortunes in American history. At a 1973 Vanderbilt family reunion however, not a single descendant was a millionaire. How did that happen? Clearly profligate spending, gambling, and poor business decisions had an impact. In a word though, the answer that broadly explains the travesty is "affluenza".
Vanderbilt's legacy was one of money - not of values - and a fortune was lost as a result.
You can create a very different legacy. To elaborate, I want to share a story about another family's path to wealth. It's a true story and it involves my best friend from childhood. You'll enjoy this, so let's get started....
It's a dream job for many a college student - making beer! Of course, some of the brews must taste pretty bad....but still...what a job! And you're telling me that I can get tax credits for doing it? Yes, that's exactly what I'm saying.
While there are no guarantees, commercial property can be a great investment for those in the medical community. Certainly, there are many that put their proverbial toes in the water, but a lot more professionals sit back and wonder "Should I take the plunge?"
After spending many years in commercial property consulting, we have identified four common reasons why those in the medical profession should NOT own commercial property:
All across the nation, Civil Engineering firms are regularly missing-out on millions of dollars in federal tax incentives!
This tax season I find myself speaking to a record number of business owners that are flummoxed to discover that they owe so much in 2016 taxes. What they keep asking is......
Hotel owners have four major tax incentives available to them, yet most are not taking advantage of them and are losing money as a result. The main four programs are:
1) Engineering-based Property Cost Segregation
2) Energy EPAct / 179d
3) Property Tax Reductions
4) Work Opportunity Tax Credit
John Young was my favorite astronaut. Can you imagine what happens to your heart rate when being launched into space? For Neil Armstrong and John Glenn, their heart rate immediate shot up into the 140 range. Not John Young though. His heart rate never went above 70.
Entrepreneur, financial guy, husband and father of two great kids.