recentpopularlog in

jerryking : entitlements   7

My Advice to Grads: Start Mopping - WSJ
By Tyler Bonin
May 28, 2018

A mop, used for cleaning floors, isn’t a magical tool for success. Rather, it is a reminder that there should be no task considered beneath you.......I had plenty of practice in this area as a former Marine Corps private, so I always volunteered for the job......My managers noticed. They named me employee of the month and promoted me to management for the holiday rush—a small success at a small store. I learned that a sense of entitlement is a burden. ......I volunteered for the necessary task, signaling my work ethic and dedication to the organization.......A successful consultant told me that after graduating from a top-tier university, he spent a year piecing together tedious part-time jobs while volunteering at startups—only to prove himself. As competitive as the U.S. economy is, efforts like this are only becoming more common.....Certainly there is a time to be bold, but there is also a time for humility. A task once considered beneath you could actually be the key to your success. Do the job nobody wants, because, believe it or not, somebody appreciates it. Volunteer to learn and to provide value to others. Find a dream job by first doing the rote tasks in that field, without complaint. Pick up a mop
advice  cleaning  commencement  entitlements  humility  new_graduates  office_housework  speeches  USMC  volunteering  work_ethic  workplaces 
may 2018 by jerryking
Why wealthy families lose their fortunes in three generations - The Globe and Mail
AUGUSTA DWYER
Special to The Globe and Mail
Published Thursday, Jan. 26, 2017

Among the causes of the phenomenon are taxes, inflation, bad investment decisions and the natural dilution of assets as they are shared among generations of heirs.

Yet among the most compelling causes are younger family members who are ill-prepared or unwilling to shoulder the responsibility of wealth stewardship. They have grown up with plenty of money and are a step or two removed from the work ethic and drive of the people who made it for them.

“There is a risk of entitlement that comes to the fore, and that is where things tend to go off the rails,” says Thane Stenner, director of wealth management at Vancouver-based StennerZohny Investment Partners, part of Richardson GMP.

The key to overcoming that, he adds, is communication, which means “family discussions, family meetings, and trying to be very proactively engaging with the next generation, rather than reactive.

“Successful families are basically talking a lot to them about what the previous generation has done and engaging them by asking about their own dreams and aspirations. And really helping to enlighten them, or get them excited about their own future and how the family can help fund that future, but in a very responsible, business-like way.”

According to Mr. McCullough, almost as much time and effort should be spent in preparing the heirs to receive the wealth as actually investing and managing it.

“That involves understanding what your family’s set of values is,” he says.
attrition_rates  wealth_management  family  values  stewardship  generational_wealth  Tom_McCullough  Northwood  family-owned_businesses  family_business  Communicating_&_Connecting  mission_statements  entitlements  mindsets  family_office  work_ethic  heirs 
january 2017 by jerryking
Wealthy, entitled, given free stuff – you know, victims of fate - The Globe and Mail
Elizabeth Renzetti

The Globe and Mail

Published Saturday, Dec. 14 2013

Resentment boils hot at the other end of the economic spectrum, as academic Michael Kimmel points out in his new book, Angry White Men: American Masculinity at the End of an Era. The men he writes about are furious that the world has changed and left them behind. The difference is that their rage and bewilderment is earned and authentic: They’ve lost jobs or come home maimed from war. “I grew up thinking that all I needed to do was sign up to be the man they told me to be,” one laid-off 52-year-old salesman says. “And now you’re saying we’re not getting the big payoff? Are you kidding me?”,
grievances  Rob_Ford  Conrad_Black  rage  resentments  entitlements  books  Elizabeth_Renzetti  white_men 
december 2013 by jerryking
Needed: the political will to subtract
Oct. 08, 2011 | The Globe and Mail | JEFFREY SIMPSON
"...review exercises – outside experts to advise on internal cuts – will all fail without the fundamental political will to do the most difficult thing in government: eliminate or curtail existing programs.

Private-sector enterprises constantly monitor themselves for efficiencies, redundancies and programs that have outlived their usefulness. In the public sector, however, this kind of search is episodic, if it happens at all.

Governments, except in isolated cases, are in the business of adding, not subtracting, programs. They puncture the tax system with credits and other forms of tax expenditures; they add new spending programs, or enrich existing ones. These new policies are sometimes vital, but the instinct to pay for them by making hard choices elsewhere is seldom apparent.

Around these tax expenditures or programs are grafted people and organizations that benefit from them. The exercise of government discretion then becomes an entitlement in the eyes of the beneficiaries, and entitlements, in turn, become so entrenched they’re difficult to end or curtail."
Jeffrey_Simpson  austerity  cutbacks  decision_making  politicians  willpower  public_sector  political_will  entitlements 
october 2011 by jerryking
Toward a New American Century - WSJ.com
OCTOBER 7, 2010 Wall Street Journal by Michael Milken. Despite
high unemployment, declining education standards and greater
competition from China and other countries, we can extend America's
pre-eminence long into the future if the public and private sectors—and
all of us as individuals—assume greater responsibility for our common
destiny.

Six areas in particular provide opportunities for positive change:

• Housing. • Entitlements. • Education. • Health.• Immigration.• Energy.
Michael_Milken  immigration  human_capital  education  energy  entitlements  housing 
october 2010 by jerryking
Shikha Dalmia: Dave Bing's Last-Second Shot - WSJ.com
NOVEMBER 6, 2009 | Wall Street Journal | by SHIKHA DALMIA.
"Our people [city workers] need to understand that entitlement is gone,"
Mr. Bing told the Detroit News in August. "There are people who think
we are job providers. We're service providers."
Dave_Bing  Detroit  urban  unions  public_sector  urban_decline  entitlements  mindsets 
november 2009 by jerryking

Copy this bookmark:





to read