Our personal accounting is often faulty. We tend to give ourselves -10 for a minor failing and +1 for an important accomplishment. "Oh, it was nothing," are words that reflect this imbalance. If people managed their bank accounts the way they manage their personal account, they would always be in the red and soon be bankrupt.
It is important to count it all and count it fairly. In some respects emotional bankruptcy is worse than the financial kind. This is precisely why I created the idea of a "shame and blame" account and a "pride bank." My goal is to help people identify and keep track of their emotional assets and liabilities. I encourage you to count the former and work on the latter and try objectively, to give it all a fair rating.
In all liklihood the plusses deserve 10+,the minuses 1-3...Ok maybe a 4 and in most areas of life 7 out of 10 ain't bad at all-- unless of course it is geometry or calculus in which case, join the club!
Bye For Now,
Bill
www.williampenzerphd.com
954 475 1371 x 1
561 361 1898 x 1
check 3/17 blog to know our goals
Showing posts with label personal accounting. Show all posts
Showing posts with label personal accounting. Show all posts
Wednesday, June 3, 2009
Friday, May 8, 2009
ON BEING THE CEO OF YOUR SELF
Many years ago I wrote some articles on this subject and subsequently learned that someone wrote a book. I have often been a day late and a dollar short.
I believe we are all CEO’s of our SELF. It is a title that comes with our birth certificates, whether we know it or not. When we partner as adults we become CO-CEO’s. If we chose not to we must manage our personal corporation on our own.
There are many similarities between a business corporation and a personal one. Similar functions and responsibilities maintain both. In both finance, marketing, PR, human relations, etc. need to be attended to. As people, we need to be creative, communicative, decisive, moderate risk takers, planners, etc. In both cases our goal is to create financially sound and emotionally healthy entities.
Yesterday’s blog, simplistically outlined the core goals of a CEO in managing a business or personal corporation.
By assessing how you are running your personal corporation relative to those ideals, you can begin to evaluate how well you are doing. You decide your personal stock price. Figure out how you can increase its value in all areas.
More on this subject and the complex area of personal accounting in future blogs. Stay tuned.
Bye For Now,
Bill
williampenzerphd.com
954 475 1371 x 301
561 361 1898 x301
check 3/17 blog to know our goals.
I believe we are all CEO’s of our SELF. It is a title that comes with our birth certificates, whether we know it or not. When we partner as adults we become CO-CEO’s. If we chose not to we must manage our personal corporation on our own.
There are many similarities between a business corporation and a personal one. Similar functions and responsibilities maintain both. In both finance, marketing, PR, human relations, etc. need to be attended to. As people, we need to be creative, communicative, decisive, moderate risk takers, planners, etc. In both cases our goal is to create financially sound and emotionally healthy entities.
Yesterday’s blog, simplistically outlined the core goals of a CEO in managing a business or personal corporation.
By assessing how you are running your personal corporation relative to those ideals, you can begin to evaluate how well you are doing. You decide your personal stock price. Figure out how you can increase its value in all areas.
More on this subject and the complex area of personal accounting in future blogs. Stay tuned.
Bye For Now,
Bill
williampenzerphd.com
954 475 1371 x 301
561 361 1898 x301
check 3/17 blog to know our goals.
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