Thursday, May 10, 2012

Personal Finance News Thursday 5/10

Phil's Personal Finance Tip of the Day:

Lou Holtz’s 3 Rules of Life

I wish I had said that, but it was my very close friend Lou Holtz. I recently invited Lou to speak to a professional group I am mentoring and he was his usual outstanding self. It’s no wonder that the Washington Speakers Bureau calls Lou one of the best speakers in the world.

I’ve heard Lou speak a hundred times, and he still amazes me with his practical, down-to-earth, plain and simple advice.

For example, we have all kinds of rules and laws. We’ve got federal laws, state laws, corporate laws, bylaws … you name it. Holtz simplifies things by following three simple rules.

Rule #1 – Do right. “Just do the right thing,” Lou says. “We’ve all done dumb things and wish we hadn’t done them, but you can’t go through life with an albatross around your neck saying, ‘I made a mistake.’ Say you’re sorry, make amends and move on.”
He added: “I think it’s wrong to be bitter. We all have a reason to be bitter. We’ve all had injustices done to us by society, by a spouse, by a friend, but you can’t go through life being bitter. We’re always blaming someone else. Wherever we are it’s because of the choices we make.”

Rule #2 – Do everything to the best of your ability with the time allotted. Lou says: “Not everybody will be an All-American. Not everybody will be first team. Not everybody will be great. But everybody can do the best they can with the time allotted.”

To read the entire article from Harvey Mackay:
http://harveymackay.com/column/lou-holtz%E2%80%99s-3-rules-of-life/

Inspirational Quotes@Inspire_Us from Twitter:
The first step before anyone else in the world believes it is that you have to believe it. -Will Smith

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