Do You Ever Take the Time to Curl up With a Good Book?
We’re all so busy these days. And information is coming at us at warp speed. There’s a lot of drinking from a fire hose. It’s exhausting!
With everything going on in the world, and all the various opinions out there – right or wrong – wouldn’t you like to get away from it all – at least for a few hours?
You probably would. But do you ever take the time to curl up with a good book and enjoy the simple pleasure of reading a page turner? Some people do. Many don’t.
As I look out my window and see the snow coming down, I can’t help but think of simple pleasures like hunkering down with something that will be good for the soul. I don’t drink coffee or hot chocolate. Instead, I get a high from running or by reading a well written book.
You must have one on your shelf. If not, they are abundantly available at your local library. You could even order one from Amazon and have it delivered to your door in the next 24 hours. So even if you are snowed in – you have no excuse.
Here are a few books on many peoples’ radar which are either new or seeing a resurgence:
A Dog’s Purpose (published by Tom Doherty Associates), by W. Bruce Cameron, is written by the same author that wrote 8 Simple Rules for Dating My Teenage Daughter and How to Remodel a Man. The general consensus on Goodreads is that it is a feel good book worth the read.
If you are a non-fiction reader, Hillbilly Elegy (published by Harper) by JD Vance, is the New York Times #1 Hardcover Non-Fiction book. Vance, a Yale Law School grad, looks at the struggles of Americans white working class thru his own childhood in the Rust Belt. Part memoir, part historical and social analysis, it is a “fascinating consideration of class, culture and the American dream.”
Depending on which side of the political spectrum you are on – or whether you watch Fox News or not – there are 1984 by George Orwell (published by Penguin) and Killing the Rising Sun by Bill O’Reilly (published in 2016 by Henry Holt & Company). O’Reilly’s book was written by Martin Dugard. The Fox News commentator promotes it on his platform.
In addition to 1984, which was published in 1949, also being recycled from a bygone era are It Can’t Happen Here by Sinclair Lewis (published by Doubleday) and Fahrenheit 451 (published in 1953 by Simon & Schuster), written by Ray Bradbury.
On a personal note, I once (circa 1989) attended a Philadelphia 76ers basketball game where Monica Seles, the former professional tennis player, was in attendance. As she, signing autographs, came up the aisle I was sitting near with my attorney friend, Paul, he fished for something in his attaché case for her to sign. He pulled out a copy of Bradbury’s classic and she signed it.
I recently read that Seles has been engaged to Tom Golisano, the owner of Paychex, since June 2014.
According to Wikipedia, “In February 2011, Golisano became the spokesman for National Popular Vote Inc., a non-profit organization seeking to implement a popular vote system for presidential elections by harnessing the electoral college.
I guess in some ways we can’t get away from it all. But we can try.
Advisors Will Be Extinct in 5 Years Unless…
I’ve had financial advisors for more than 40 years. Not once in those years have I called my advisor to find out what stock/funds I should buy or sell. But I have called to find out where I should get my first mortgage, when to sell my house, or how much income I could get in retirement.
In short -- and I think I’m pretty typical – I was looking for financial advice, as it relates to my life.
Here’s the disconnect, what most advisors do is simply manage their clients’ assets. They determine what to buy, and what to sell, they think about risk management, about growing their practice by finding new clients and about getting paid.
Historically that has been the business model. But as more women take control over financial assets, they, like me, will be looking for a different experience. And unless the financial community is willing to change ….. advisors, as they are today will be extinct in five years.
Advisors who want to survive will have to do a lot more than just manage money – they will have to provide genuine “advice”. That means doing what’s right for the client, not pushing product and pretending it’s advice.
Women especially, but all investors generally, are becoming more and more cynical. They says, “If I want advice about reducing my debt, that’s what I want and not ‘here’s more debt’ because that’s what my advisor gets paid for! And if saving taxes is what I want then saving taxes should take precedent over selling me a product.”
You may be thinking that spending your time providing advice isn’t lucrative but the reality is that in the long run – it pays off in spades. The advisors who take the time to build real relationships with clients, who provide advice as it relates to their clients’ lives, even when there is no immediate financial benefit to themselves, those who don’t simply push product – are the ones who over time have the most successful practices.
Generally women understand and value service, but they will say, “If I’m paying, I want to know what I’m paying for: Is it for returns? Is it for advice? Is it for administration? I want to know. Then I can make up my mind what’s worth it and what isn’t.”
Investing is becoming a commoditized business and technology is replacing research that no one else can find. Today the average advisor is hard pressed to consistently beat the markets, and with women emerging as the client of the future, unless they start providing real advice, their jobs will likely be extinct in five years.
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