High Impact Leaders

In the last episode, I mentioned that employers pay most people exactly what they are worth. When I say this, sometimes people will argue with me. “My boss doesn’t pay me enough!” or “I deserve way more salary than what I’m being paid.” My answer is always the same. If your services were worth more to the marketplace, you’d automatically be making more money. The good news is that you can immediately increase your income just by making your value to the marketplace higher.

In this section, I’m going to show you the easiest ways to add additional income to your household and create good financial habits to increase wealth.

For full show notes visit How to Build Wealth in Three Simples Steps
https://www.leadersinstitute.com/how-to-build-wealth-in-three-simples-steps-wealth-strategies-for-any-age/

Most get rich quick schemes will eventually just make you poorer. However, if you want to know how to build wealth, there are a few simple strategies that are time-tested. Building wealth is not complicated. It is actually very simple. In fact, most wealthy people use these (or similar) strategies to get rich slowly. Although, with a little sacrifice and risk-taking, you can shorten the time frame dramatically.

When I applied to go to college, I had no idea what I wanted to do for a living. I watched my mom and dad struggle financially my whole life. So my goal was to become a millionaire. Not knowing any millionaires at the time, though, I had no clue how to become one. This was a time before Mark Cuban figured out a way to play audio over the internet. It was before Zuckerberg created a social yearbook to remember the names of girls that his friends met on campus. It was also before candy matching games soaked people for millions $1.99 at a time.

Like a lot of young people, I paid my way through college by taking out student loans. When I graduated from school, my first job didn’t pay a whole lot. So, before long, just to get by, I started to charge everyday expenses to credit cards. When I entered the business world, I had a negative net worth.

However, a little over a decade later, I made my first million dollars. It took 12 years to make this first million. Less than six months later, though, I made my second million.

You’ll Never Get Rich Unless You Understand the Difference Between Wealth vs. Income.

Although my income was well over a million dollars every year, I didn’t start building wealth right away, though. There is a big difference between income and wealth. Income is just the amount of money that you make. If your expenses are less than your income, your net will be positive. You will be able to put this excess into a savings account if you like or create an emergency fund. Over time, the savings can grow into wealth. However, this is the process of getting rich slowly. Depending on the current inflation rate, by the time you want to spend these savings, your money will likely not be worth as much as when you socked it away. Income is not wealth. In fact, saving is also not wealth.

You create wealth when you create something (or invest in something) that generates income for you whether you work or not. By the way, you can start building wealth at any age. My son Ben takes after his mom — he’s very good with money. A few years ago, he pulled out his cash box that was stuffed with years of Christmas and birthday money. He had socked away almost $1500 just $20 or $40 at a time.

When the Covid pandemic hit in 2020, the stock market crashed in March and April. In May, Ben bought bargain-priced stock which he sold just a few months later almost tripling his nest egg. We call the money Ben received as gifts income. When he put that money in his cash box without spending it, he created savings. However, when he invested the money he got a return on his investment. This passive income created wealth for him.

For Full Show Notes, Visit How to Build Wealth
https://www.leadersinstitute.com/how-to-build-wealth-in-three-simples-steps-wealth-strategies-for-any-age/

Generations in the Workplace.

A client recently asked me to do some research on the differences between the generations in the workplace. Specifically, she wanted to know about the different styles of communication between different ages. I like to think of myself as a communication expert. Granted, those who work around me will likely argue with that diagnosis. However, I have to admit, some of the things I uncovered while doing this project really surprised me. So, I thought it might be a good idea to publish the results.

This session will cover a few key items. First, we will identify the specific generations. We hear people using terms like Baby Boomers and Millennials, but what do those terms really mean? And do entire generations think similarly. Next, I’ll show you the specific communication channels that each generation prefers. Interestingly, the communication channel preferences are pretty obvious when we look at the technology changes that occurred in each generation. Then finally, I’ll point out the pros and cons of each type of communication.

You might actually find that the channel preferred by a different generation is more efficient.

In this episode, we cover what the four generations in the workplace are -- Baby Boomers, Generation X, Millennials, and Gen Z. We also cover the technology that was introduced during each generation's formative year that shape the channel of communication that each prefers. I'll give you a hint... Millennials and Gen Z are pretty much polar opposites in how they like to communicate.

For full show notes, visit Differences Between Generations and Style of Communication
https://www.leadersinstitute.com/differences-between-generations-and-style-of-communication/

These Are Our Best Zoom Games for Remote Teams. (No Cheesy Games Allowed!)

Just as a reminder, even great games to play on Zoom that aren’t tied into the purpose of the meeting can fall flat. So, the most important thing to keep in mind when you play a virtual game is to make sure the game has a purpose in the regular meeting. If you just play a fun game, the group may appreciate that you are doing something different. However, many will see it as a waste of time if it isn’t tied to the purpose of the meeting.

For instance, if you are doing an onboarding meeting, then a game that gets the group to know each other better (like “Getting to Know You”) can easily be tied into the theme of the meeting.

If your meeting is to report sales numbers or project reports and the results are competitive, then a competitive game can be easily inserted. You will find it easy to tie the competitive game to the competitive reports. Regardless, stay away from just inserting random games just to add fun. Most of the time, if the meetings themselves aren’t really fun, the games won’t be either.

Getting to Know You.
Codenames: A Fun Game to Play on Zoom If You Have a Small Group.
Guess Who? Classic Board Games Made for Zoom Meetings.
Poseidon’s Plunder Virtual Treasure Hunt
My Rich Uncle Virtual Escape Room
The Charade Zoom Murder Mystery Game.

For full show notes visit Fun Games to Play on Zoom with Coworkers to Build Teamwork

We had a slight pause in podcast episodes over the last couple of weeks because your healthy and athletic host (sarcasm) ended up getting Covid-19. So, I start this session by telling you my story and about some of the interesting things that I learned about the virus by going through quarantine. etc.

The topic of the episode, though, is fun games to play on Zoom with your coworkers. So, if because of the uptick in Covid cases, your team is doing more Zoom meetings, perhaps some of these tips can help.

Show Notes:

Looking for some fun games to play on your next Zoom meeting with your coworkers and build more team culture? Look no further. Here are some of the best virtual games (both free and for a fee) that you can play with your virtual group.

Zoom is currently claiming to have over 300 million daily users. Google Meet and Microsoft Teams each claim over 100 million daily users. That means that each day, as many as 1/2 a billion people are still meeting virtually. Unfortunately… Most of these virtual meetings are really, really, really boring. We want to change that.

Back when Covid first hit in 2020, the virus scared many team members. They were also nervous about their business future. Moral plummeted worldwide. And many teams had to learn on the fly how to do their normal business via Zoom call or video call. Well, I’d like to say that our team was way in front of the crowd at attempting to a “new normal.” I’d like to say that. I mean, we did have a couple of distinct advantages.

First, our company was a virtual company before we ever had a corporate office. In fact, in the first 15 years of our existence, we were entirely a virtual office. So, when Covid hit, we already had a lot of structure in place to perform well virtually.

The other advantage that we had was that we have a whole team of professional speakers who perform well in virtual meetings. So, again, that was a great advantage.

However, the changes that came about with the Covid Pandemic had never been seen before. So even though we had a couple of advantages, we still had a tough time adapting. (Just like everyone else.)

For full show notes, visit fun games to play on Zoom with your coworkers.

https://www.leadersinstitute.com/fun-games-to-play-on-zoom-with-coworkers-to-build-teamwork/

This week, I'm interviewing another High Impact Leader, Sara Warren (https://www.linkedin.com/in/sarawarrensphr/) who is VP of HR for Norwex (https://norwex.biz/) which is a direct sales organization. So, her organization's culture is based on high-touch both for her hundreds of employees and the thousands of independent contractors within her team as well.

In this episode, she takes us through the challenges and adaptations that she had to make to keep that team culture as meetings went virtual through Covid. Some of the things that she did during that process were absolutely fascinating, and I think you will really love to hear about how she and her team adapted and became an even stronger team culture through the process.

By the way, as always, if you like the sessions, don't forget to subscribe to the High Impact Leaders Podcast, and make sure to rate the podcast and leave me a review wherever you download the show.

Enjoy the interview with Sara...

For details about the host, visit The Leaders Institute Team Building at https://www.leadersinstitute.com

This week, I'm interviewing another High Impact Leader, Chris Carr is the CEO of FaroTech. I asked Chris on as a guest because of a couple of really cool things that he has done. First, over the last decade or so, he and his team have created a really well-designed system for marketing. In addition, though, he and his team went through the ramp-up that a lot of us are experiencing now with pend up demand for our products and services -- well his team went through that almost a year ago now. Chris covers a few things that you can do, based on his experience, to create that team culture within your business as you are adding on personnel and moving through a big growth curve.

To connect with Chris, visit his website at https://farotech.com/

By the way, as always, if you like the sessions, don't forget to subscribe to the High Impact Leaders Podcast and make sure to rate the podcast and leave me a review wherever you download the show. 

This week, I'm interviewing another High Impact Leader, Candice Kingston. She is an expert on a topic that, I have to admit, I had never even heard of a year or so ago but comes up very frequently in conversations now -- she specializes in helping people move through imposture syndrome. Basically, this is that situation where you have a success, but then you minimize the success in your mind. We say things like, "Well that success only happened because of luck or because the circumstances were just right. If you want to be a High Impact Leader, you have to be able to identify your successes and build on them.

This week, I'm interviewing another High Impact Leader, Paige Mejia. I don't want to give away too much, but Paige has one of the most fun jobs that I can think of. In the interview, she gives us a lot of great tips on how to network for success and build a family atmosphere within your team environment. We had a blast recording the interview, and I think you guys are going to absolutely love it.

My guest today is Kevin Urrutia with Voy Media and he specializes in helping companies scale by using social media. He also is the host of Digital Marketing Fastlane. podcast. 

His company Voy has been able to scale during the Covid Pandemic, while moving from an office setting to 100% remote teams. The reason that I have invited Kevin on the show is that Voy has created a really fun and family-style culture within their organization, and Kevin is a big reason why. 

One the episode, he gives a few tips about how to make remote teams more team-oriented. He also shares some of the trials and tribulations of scaling a business.