We can only develop personal empathy for others when we personally identify with their pain. Whether from a sincere heart or not, one of Bill Clinton’s most appreciated comments was, “I feel your pain.” That short sentence resonated with millions of Americans. People hold their money back from others because they’ve forgotten what it felt like to be without. Generous giving is more about who…

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I still remember the night. It was in the early morning hours, probably around 3:00 a.m., in August 1974. I was involved in the Nashville record scene and had received word that Elvis was in town for one of his clandestine middle-of-the-night recording sessions. So I slipped by RCA Studio B and arranged to be there when Elvis ended the session. As he walked out,…

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When it comes to credit cards—there’s an important topic to consider: beware of the minimum payment trap. Millions of Americans think they’re doing just fine as long as they make the minimum payment each month. But, believe me, if that’s all you’re paying you’ve already got one foot in the financial grave and the other on a banana peel! Credit card companies love people who…

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In the 1930’s the United States government told us a lie. They told us that if we were working 40 hours per week…we were fully employed. Wow. That was interesting! Historically, a typical workweek included 12-hour days, six days a week. There are 168 hours in a week. I personally can tell you that you can work more than 40 of them. As a matter…

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Herd-Think (when we follow others for no good reason) is one of the great killers of accomplishment. While crabs don’t congregate in herds, their behavior in groups is a perfect example of Herd-Think. Crab fishermen have learned a curious truth about the crustaceans they seize from the sea. They’ve learned that crabs hate succeeders. When a crab trap is lowered into the sea, the little…

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At its core, selling is communication and persuasion. To accomplish this, we must be likeable people. This means that you don’t have the luxury of bringing your problems to work with you. When you arrive at work, everything else goes away. You put on your game face. You focus on your customers and clients. Your only reason for existence is to serve…not to be served….

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Which type of leader are you? As I discussed in my book, ReTooled & ReFueled, there are essentially two leadership models. The first is power-driven leadership. This is where a person with power leads through fear and intimidation. At its worst, this is a slave master who abuses a slave. More often today, it’s a boss who is more focused on his own career than…

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FACT: Successful Leadership is a most counterintuitive commodity. It was in late 1981, the country still in a deep economic recession, that I first noticed a forlorn-looking office building on Nashville’s world famous Music Row. Our business was still young, and so was I—just 29. Money was tight. But, at a glance, I saw what could be done with this property. So, I inquired and…

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Over the last 16 years I’ve spoken to audiences hundreds of times on the topic of personal finance in my No Debt No Sweat Money Management Seminar™. I’ve written scores of articles on the topic and the No Debt No Sweat™ book has been a big seller. So it’s fair to say that I’ve got a real interest (and some experience) in the area of…

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The earmark of contemporary Western culture is an unmitigated drive for instant gratification. That’s why we drive cars we can’t afford with money we don’t have to impress people at traffic lights we don’t know. We routinely see CEOs running up stock prices by doing things that will hurt their companies in the long-term. But there are, as there always have been, a relatively small…

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