Friday, November 13, 2009

Building a strong team

Building a strong team? What does this have to do with money and becoming debt free? A lot actually. Look at all the great people you know in your life. Did they not have a strong team surrounding them? Did they not have mentors helping guide them? If you ask them, I can guarantee they have surrounded themselves with other great people.
I watched Warren Buffett and Bill Gates last night on CNBC (I am a nerd). These two are probably the two richest people in the world. Both of them built a great team.(Both of them also give away a lot of money) Warren Buffett went to Columbia University to study under Ben Graham. Ben Graham was Warren's mentor. Every time you hear Warren Buffett speak, he almost always mentions something about Ben Graham. He saw the person who was the greatest at what he wanted to do and LISTENED to him, studied him and his habits and then went out and did it better!
I was at a Young Professional Network luncheon the other day. Mike Bray, Head Notre Dame Basketball coach was talking. He talked about networking and surrounding yourself with people who do what you want to do. His goal was to be a coach obviously. He went and worked under a HS coach in Maryland, who is now in the hall of fame. He put himself in situations and around people who could get him to where he wanted to go.

Ok, so what does this have to do with money. Here it is. If you want to be wealthy, you have to do what wealthy people do. Surround yourself with people who can teach you what you need to know. For example, I want to be another Dave Ramsey. I do not want to be him exactly because he already has Dave Ramsey. I want to be me, but I want to LEARN from Dave. I want to soak up as much knowledge as I can from him. You ALWAYS have to keep LEARNING. If you stop learning, you fall behind.

Another team that you need to be surrounded by is your family. You and your whole family need to be on the same page! You are a dynamic team with dynamic parts. Let each part do what it is best at. If one is great at keeping the books, let that person keep the books. If one is great at bargain hunting, let them bargain hunt. I think you see what I am saying. Your whole team does different things great. Let them work at their strengths.

One last thought. After building your team and surrounding yourself with mentors, LEARN and apply what you have learned. Do not be afraid to go after your dreams. You have been blessed with specific talents handed to you by the the Almighty God. Work in your strengths. Be the best you can be at that particular thing. Sometimes going after something means taking a risk.

Are you willing to take that risk today? Are you willing to discipline yourself to take the step of becoming debt free? Use your God given talents wisely. We only have one life to live here on earth. What will be your LEGACY?

No comments:

Post a Comment