Tagged: Tony Robbins

The connection between the tolerance for calculated risk and financial confidence.

Ever wonder why some leaders avoid taking risks in their roles, and default to status quo? I have a theory about this. I believe that without strong personal financial confidence, every decision, no matter how small, feels risky. Leaders lose the ability and courage to garner budget commitment and innovate.

I see a clear connection between the tolerance for calculated risk and financial confidence. Here is how my theory evolved.

Last summer, our financial adviser of 13 years changed careers, leaving us with “Gary,” a new broker….

Ten Rules for Modern Mastermind Groups

What is a mastermind group, and why should you care? They may just be the secret weapon to help you outpace your competitors and weather these stormy economic seas.

In the 1930’s, wealth expert and author Napoleon Hill defined a mastermind group as “the coordination of knowledge and effort of two or more people, who work toward a definite purpose, in the spirit of harmony.” Well before he authored Think and Grow Rich, Ben Franklin introduced a similar model.

In 1728, at the ripe young age of 21, Franklin created a club of mutual improvement called a junto (pronounced “hoon-toe”). Franklin was struggling to grow his printing business, and knew he could not do it alone. The junto, which comprised seasoned tradesmen, a bartender, and an astrologer, gave him the boost he needed to thrive. As a side benefit, this group surreptitiously shaped public opinion.

Benjamin Franklin Junto 

Whatever you prefer to call these special societies, you will notice they have withstood the test of time, and have created fortunes for thousands, if not millions. Today, you can find juntos in Paris, London, New York, and parts between.