So who moved our cheese? Often it’s those who regulate our industry. Other times it’s market conditions outside our control. Sometimes we unwittingly move it.
Continue readingHow to be Beautiful
Do you want to be beautiful? Then do beautiful things.
Continue reading5 Lessons from the Special Forces
5 lessons from the Special Forces on how to overcome adversity and hardship
Special forces units are known for their exceptional training, teamwork, and ability to handle adversity in high-pressure situations. Here are five lessons that can be gleaned from their experiences when facing hardship:
- Adaptability and Flexibility: Special forces are trained to adapt quickly to rapidly changing circumstances. They understand the importance of being flexible in their approach, as situations on the ground can evolve rapidly. This means being able to pivot strategies, tactics, and plans in real-time based on the information available.
- Resilience and Mental Toughness: Special forces undergo rigorous training to build mental fortitude. They learn how to persevere through extreme physical and mental challenges. This resilience enables them to stay focused and make sound decisions even when facing intense stress, exhaustion, or adversity.
- Effective Communication: Communication is paramount in special forces operations. Clear and concise communication ensures that everyone is on the same page, understands the mission objectives, and can respond effectively to changing circumstances. Special forces members are skilled in both verbal and non-verbal communication, including the use of codes and signals.
- Teamwork and Trust: Special forces thrive on teamwork and trust among their members. They understand that every team member plays a crucial role, and they rely on one another to accomplish the mission. Trust is built through training, shared experiences, and a deep understanding of each other’s strengths and weaknesses.
- Adoption of a Growth Mindset: Special forces personnel are trained to approach challenges with a growth mindset. They view failures or setbacks as opportunities for learning and improvement rather than insurmountable obstacles. This mindset fosters a culture of continuous improvement and innovation, allowing them to adapt and overcome even the most difficult situations.
These lessons can be applied in various aspects of life and reverse mortgage lending, not just in military operations. Whether in business, sports, or personal challenges, the principles of adaptability, resilience, effective communication, teamwork, and a growth mindset can be invaluable in navigating and overcoming hardships.
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Controlling the ‘Controllables’
Most things in our lives our outside our control. How to focus on controlling the ‘controllables’.
Continue readingMaster the Art of Progress
Master the Art of Progress:
Harnessing the Power of the 1% Rule
What if you improved just one percent every day? Of what if you improved one percent each week? It could be improving your knowledge of the housing market, mortgage lending, reverse mortgage regulations, or a better understanding of the basic tenets that most financial advisors adhere to.
If you dedicated yourself to daily improvement you would be 37 times better in one year. Or so says the math. It’s an intriguing concept and one that certainly warrants our attention. However, we’re not money-earning compound interest- we’re people who sometimes have big leaps in our professional and personal development, and other days it seems like for every step we move forward we take two back.
But what if we committed ourselves to the mission of incremental and continuous improvement? If we did we would see remarkable growth which at a minimum would help soften the blow of the periodic big mistake or failure. At least when that happens we’re further ahead than we would have had we accepted the status quo.
So where do we begin? A piece of paper is a good place to start. Write down what you want to improve, what areas you want to see even more growth in, and lastly those areas where you just plain stink. It’s okay. I have plenty in the last category too.
Next, break it down. How would you pursue improvement? Is it reading, enrolling in online classes, or working with a mentor or trainer? Write it down.
Now it’s time to set some checkpoints. Write down which dates you’ll check on your progress. Add this to your calendar as well as the time blocks of the activities that come before. Note- that we’re not establishing goals, but activities in the areas we want to enhance.
Tiny gains become bigger gains. Small daily decisions lead to big outcomes. Remember what seems insignificant today may have big repercussions or outcomes in the future.
Sure, at some point you’ll realize this is the best I can do in this area. But that certainly beats a lack of growth or stagnation or even worse digression.
So what if you improved just one percent each week? Who knows- but you’ll find out if you try.
Share your thoughts in the comments below.
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Bring a solution
You’re not selling a product- you’re selling a solution. 5 tips to…
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Continue reading10 Ways to Prepare for Adversity
Anticipating and overcoming adversity is perhaps one of the most overlooked yet essential skills a leader can possess
Continue reading4 Ways to Build on Your Strengths
How to create your own ‘culture’ anywhere
Last season the Denver Broncos’ new highly-touted quarterback Russell Wilson was sacked 55 times! Not surprisingly their record was a dismal 5 and 12. The Bronco’s new coach, Sean Payton was asked about the players’ performance last year and what his plans were. “No 1 job for us coaches in evaluating players is what are the things they do well and let’s try to put them in those positions…Highlight their strengths and minimize their weaknesses.” The same can be said about us as reverse mortgage professionals. Perhaps we feel like we’ve been sacked as reverse mortgage pros this last season.
Basically, we have two skill sets- soft skills and hard skills.
Soft skills are those intangible qualities and talents you have that make you effective when interacting with others.
Hard skills are those skills and abilities that can be taught and practiced.
For example, being a great people person is a soft skill. However, you can learn some hard skills to improve your personal interaction skills. Resiliency is another soft skill.
Then there are hard skills such as organization, time management, basic sales techniques, and an understanding of human psychology.
So where do we begin?
The first step is to identify what our core strengths and capabilities are. Where do you shine the most? What seems to come naturally? What activities bring you compliments from your professional peers and even borrowers? This will require a certain level of self-awareness. Your strengths not only make you feel strong but they produce positive results.
The second step is to examine where you could use your strengths more consistently in your business. For example, if you’re a great public speaker perhaps you should add more speaking engagements in front of homeowners and area professionals. If you’re a great face-to-face salesperson then getting to the kitchen table or on a Zoom meeting should be your top priority.
The third is to know your patterns. What kind of tendencies do you have when the phone and email are quiet? Do you wait or take action somewhere else to produce future sales? Do you love starting projects but find it difficult to complete them? The Swiss-born British philosopher Alain de Botton said, “the best cure for one’s bad tendencies is to see them fully developed in someone else.” How true.!
And the fourth step to playing to your strengths is to get honest feedback. Ask your spouse, a trusted friend, or a colleague for their unvarnished feedback. The good, the bad, and the ugly. The ego is our enemy in this process- so put it aside to learn how to improve.
When we focus on our strengths we don’t fixate on our weaknesses and become increasingly effective, confident, and optimistic. Let’s take some time this week and assess where we can flex our best strengths more consistently in our business.
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Jefferson’s 10 Rules for Life
In a letter to a friend, Thomas Jefferson distilled his 10 Rules for Life; timeless wisdom for the ages.
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