Wealth Loss: How it Affects You and How to Avoid it

Wealth Loss: How it Affects You and How to Avoid it

Our quest to find and secure wealth is an age-long one and rightly so because wealth sustains us and gives substance to the relationship we have with our environment. No doubt this quest involves inventive skills, resourcefulness, a creative imagination, endurance and challenges; but this has not stood in the way of our ability to acquire and store up wealth.

Wealth is a very important element of life and it plays a significant role in what I call the three levels of living which are: Survival, Success and Significance. In as much as it is important to acquire it, the benefit of it can only be fully appreciated when it is kept safe.

How wealth loss affects you.

Wealth loss can affect your physical and mental state. It has the potential to cause a destabilization and a decline in function. It can also result in termination of operations and functions; and this can be excruciating. The feelings associated with wealth loss are numerous yet individual. Someone described it  like this: “it feels as though external objects are closing up on you to suffocate you”. Another person described it this way: “it feels like somebody is viciously tugging at your vital organs with the intention of ripping them out”. And yet another: “your whole life flashes before you and you feel like it’s all over”. For those of you who have lost excess wealth and it has left you down and out, I’m sure you can relate to this to a certain extent.

4 simple ways to avoid excessive wealth loss:

  • Spend Sensibly.

Spending can significantly increase wealth loss. Our human and organisational needs give us lots of genuine reasons to spend. If done carelessly and/or mindlessly, it will be at the expense of ample wealth loss in a rather short period of time.

  • Seek out cover.

Set up an arrangement, system or agreement that protects your wealth from unnecessary loss. Take it a step further and also set up something that protects you from running into more loss if you have already lost something substantial.

  • Stay calm.

When you are under pressure, making the best decisions might be far-fetched. As difficult as it might be, try to stay calm mentally so that you do not make inappropriate decisions triggered by erratic emotions.

  • Keep it Simple.

Try not to complicate your affairs. Keep things simple and clear so that it is easy to understand and interpret. Doing this will give you immunity from the tight constraint of austerity.

Until next time, continue to;

Lead right and Live light

Belinda

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The Leadership Test: Genuine or Adulterated?

The Leadership Test: Genuine or Adulterated?

Tests are a part of life and are not unique to just leaders.

You go out everyday and other road users just push your buttons: the traffic lights change abruptly, the other driver cuts you off and even has the guts to swear at you, the passenger next to you on the bus/train just wouldn’t stop yapping at the top of his voice, the lady with the double buggy blocks the door way and is just chatting away mindlessly on the phone. You parent your kids and your sanity is sometimes dangling on a thread: there’s water on the floor of the kitchen and no one admits to doing it or attempts to clean it up, there’s wall art on your freshly painted wall and your three-year old happily drags you there to show you her creative design, your house smells really lovely and familiar only for you to get to your room and find your adorable son standing in front of your dressing table with now empty bottles of your perfumes and an apologetic look on his face. You work with colleagues and you wonder why everyone just has to get on your nerves: your team is lagging behind on the project, you’ve just been summoned because of a false allegation, you are constantly being micro managed as a team leader and it’s getting more and more frustrating. You reckon everyone else has got it in for you so you find a way to squeeze in that ‘me time’ for yourself; but even then, you find out that your own thoughts have it in for you too.

Ever so often our patience, character, identity, loyalty, etc., is tested. Because of who we are and the roles we occupy, we are constantly tested–consciously or unconsciously. These tests are real life scenarios that acts as indicators to our growth and development levels. They draw unmistakable lines between who we were, who we are and who we are becoming. They determine how genuine or adulterated we are in terms of our relationship with ourselves and with others.

Every leader’s presence, quality, ability, intelligence, skill, character, capacity and resilience will be tested before and during his/her existence as a leader. You’ll be constantly tested in 3 main areas at almost every point of your leadership journey and these areas are:

  1. Provision. Needs and wants are common features of demand and your position enables you to play a significant role in offering supply to these two features. Your tests in this area tend towards how you use your position to either get what you want or to supply what is needed. You need to realise that it is not just about satisfying your ‘appetite’, it’s mostly about sustaining your existence. Don’t be too hasty to get what you want at all cost, only for you to end up begging for what you need.
  2. Protection. The importance of your reputation as a leader cannot be over-emphasised. You do need to protect yourself but at what cost? and what exactly are you protecting and from what? Are you willing to bring someone else down in order to protect yourself? Do you constantly control everything just to drive home the point that you are in charge?
  3. Power. You’ve probably heard of such a term as : ‘power drunk’. Leaders are at risk especially of using their position to cripple others. With leadership comes authority and power no doubt; but not in the way it is sometimes used ( I explained power and authority in my book: Leadership Maxims…sound principles for leadership excellence). Your role is not a tool for tyranny or assault, neither is it a vehicle for the deception of others into blind and selfish submission.

Every now and again you’ll be tested in these 3 areas and what you discover will help you realise who you really are; whether you are an authentic leader or an adulterated leader.

Until next time, continue to;

Lead right and Live light

Belinda

WHY? The Famous Question

WHY? The Famous Question

Last week, I said I was going to explain why this happens: “With every loss, you feel like a part of you has been chipped away. The more close to home the loss is, the bigger the chunk it seems to take from you”.

We’ve been looking at the issue of loss for the past two weeks and we’re continuing today. Leaders experience loss at different levels and in different areas of their lives and regardless of whether it is a personal or a professional loss, it creates a void that cannot be ignored. For those of you that have ever experienced any kind of loss that affected you in one way or another, please keep reading (and make sure you read the two previous posts).

Loss is no respecter of persons, it visits the rich as well as the lowly, the renowned as well the obscure, the intelligent as well as the ignorant, the strong as well as the weak–and all else in between. I’m almost as sure as I can possibly be that for most of you reading this, you’ve experienced some form of loss that has really left you shaken, wondering and/or probably asking the most famous loss question: WHY?

Maybe you’ve just lost a loved one and it feels like the world has stood still for you. It could be that you’ve just lost a large sum of money to a business deal gone bad and you can’t see how you’ll ever bounce back from this. This might not even be about death or resources for you; it could very well be that your child has just left home because of some issues at home and you know that you might never get back that parent/child relationship you’ve always wanted ever again. Perhaps you’re in a position where you’ve lost your spouse to a separation or a divorce and you fear that you might never experience marital bliss ever again.

Whatever the case may be, you’ve lost something and you feel this void–if it were just the void, it might even be easier to deal with–but it’s not just the void; it’s the pain, the hurt, the guilt, the regrets, the anger, the vulnerability and sometimes the confusion. It’s all these emotions tearing at you, each one wanting to establish its right to remain and take center stage.

Why does this happen though? Why can’t we just loose someone or something and just deal with it and move on without having to go through any process at all of acceptance and/or healing?

Here’s your answer: Investment!

Investment is the reason we suffer loss and feel like a part of us has been chipped away. It’s the reason the closer to home the loss is, the bigger the chunk we feel has been chipped. Your investment of time, resources and relationship is what makes you the perfect candidate for all these emotions to come flooding in when you experience loss; it’s what makes it necessary also for you to give yourself time to accept, heal and then reposition. Having said this, does this now mean that we avoid making investments in order for us to protect ourselves from experiencing the effects of loss? Now that’s ridiculous! It’s like saying: “I will not eat anymore because I realise when I eat, it just goes in one way and comes out another way”, or: “I cannot keep spending money and time to buy food if all that happens is that I lose it at  the end of the day”.

We’ll continue from here next week, until then continue to;

Lead right and Live light

Belinda

How to Protect yourself from Bad Publicity

How to Protect yourself from Bad Publicity

Hi there everyone. Before anything else, I want to say a big thank you to all who have shown and expressed their appreciation for the value that my posts have added to them these past few weeks; I’m honoured to be a part of your journey.
Today, I’ll be giving you a few pointers on how to protect yourself from bad publicity.
As leaders, the one thing that rings true for most of us–regardless of the leadership level–is that our lives are no longer as private as it was before we took up our roles as leaders. Each one of you have now taken a step further into the ‘public eye’ and it’s only wise that you know what to do to protect yourself from unecessary commotion and negative publicity.
Rather than give a speech about them, I’ll list them out so that it’s easier for you to read, retain and recall.

1. Don’t lash out in anger with no cause.
2. Don’t carelessly scream out profanity at people.
3. Don’t thoughtlessly call people names.
4. Don’t use your anger as an opportunity for revenge.

As simple as this list might be, it could be your ‘court-free’ card. I really need you to take this seriously because this affects not just your position as a leader but your life in general.
Save yourself the stress and resources of repairing the damage that would occur if you ignore this list.
In my experience (professional and otherwise), I have found that what usually ‘tips the ship’ for leaders is usually something little–when viewed in the context of your leadership status and how hard you’ve worked to get to where you are now.
So please before you let loose on someone who is really ‘driving you up the wall’, read this list above and deliberately retain it so that you’ll be able to recall it when you’re faced with a potentially explosive situation.

In my next post, I’ll be showing you 2 ways you can avoid hefty fines, strife and unecessary court cases.

Until next time

Lead right and Live light

Belinda