Monthly Archives: October 2012

Seeds Of Life, Seeds Of Success


A successful businessman was growing old and knew it was time to choose a successor to take over the business.

Instead of choosing one of his Directors or his children, he decided to do something different. He called all the young executives in his company together because by realizing that one’s character is defined by what we do when we think no one is looking he was motivated to choose this process of promotion.

He said, “It is time for me to step down and choose the next CEO. I have decided to choose one of you. “The young executives were Shocked, but the boss continued. “I am going to give each one of you a SEED today – one very special SEED. I want you to plant the seed, water it, and come back here one year from today with what you have grown from the seed I have given you.

I will then judge the plants that you bring, and the one I choose will be the next CEO.”

One man, named Jim, was there that day and he, like the others, received a seed. He went home and excitedly, told his wife the story. She helped him get a pot, soil and compost and he planted the seed. Everyday, he would water it and watch to see if it had grown. After about three weeks, some of the other executives began to talk about their seeds and the plants that were beginning to grow.

Jim kept checking his seed, but nothing ever grew. Three weeks, four weeks, five weeks went by, still nothing.

By now, others were talking about their plants, Jim didn’t have a plant and he felt like a failure.

Six months went by — still nothing in Jim’s pot. He just knew he had killed his seed. Everyone else had trees and tall plants, but he had nothing

Jim didn’t say anything to his colleagues, however, he just kept watering and fertilizing the soil – He so wanted the seed to grow. A year finally went by and all the young executives of the company brought their plants to the CEO for inspection.

Jim told his wife that he wasn’t going to take an empty pot. But she asked him to be honest about what happened. Jim felt sick to his stomach, it was going to be the most embarrassing moment of his life, but he knew his wife was right. He took his empty pot to the boardroom.

When Jim arrived, he was amazed at the variety of plants grown by the other executives. They were beautiful – in all shapes and sizes. Jim put his empty pot on the floor and many of his colleagues laughed, a few felt sorry for him!

When the CEO arrived, he surveyed the room and greeted his young executives.

Jim just tried to hide in the back. “My, what great plants, trees and flowers you have grown,” said the CEO. “Today one of you will be appointed the next CEO!”

All of a sudden, the CEO spotted Jim at the back of the room with his empty pot. He ordered the Financial Director to bring him to the front. Jim was terrified.. He thought, “The CEO knows I’m a failure! Maybe he will have me fired!”

When Jim got to the front, the CEO asked him what had happened to his seed, Jim told him the story.

The CEO asked everyone to sit down except Jim. He looked at Jim, and then announced to the young executives, “Behold your next Chief Executive Officer!

His name is “Jim!” Jim couldn’t believe it. Jim couldn’t even grow his seed.

“How could he be the new CEO?” the others said.

Then the CEO said, “One year ago today, I gave everyone in this room a seed. I told you to take the seed, plant it, water it, and bring it back to me today. But I gave you all boiled seeds; they were dead – it was not possible for them to grow.

All of you, except Jim, have brought me trees and plants and flowers. When you found that the seed would not grow, you substituted another seed for the one I gave you. Jim was the only one with the courage and honesty to bring me a pot with my seed in it. Therefore, he is the one who will be the new Chief Executive Officer!”

* If you plant honesty, you will reap trust

* If you plant goodness, you will reap friends

* If you plant humility, you will reap greatness

* If you plant perseverance, you will reap contentment

* If you plant consideration, you will reap perspective

* If you plant hard work, you will reap success

* If you plant forgiveness, you will reap reconciliation

So, be careful what you plant now; it will determine what you will reap later.

Working With A Fee-Only Advisor


How to Choose A Financial Planner Tough Questions To Ask … PDF LINK

You don’t need to be a millionaire to benefit from comprehensive financial planning. Whether you have thousands or millions of dollars to invest, you are entitled to help from a financial advisor who has met the highest standards of education, training and competency. Ordinary people like your neighbors, family and friends have turned to professionals for help.

To benefit from working with a financial advisor all you need is a willingness to share information like your short and long-term goals.

Simply talking with an advisor may help you identify a broad range of financial and personal priorities. In turbulent times, or times of prosperity, you’ll benefit from comprehensive financial planning intended to help you maximize the assets you have.

It may be that you’d like to establish a budget that will help you put away money for future needs like retirement or paying for a child’s education. Men and women, married couples and single individuals, some younger, others older now recognize the benefits of taking a comprehensive approach to financial planning.

What Is Comprehensive Financial Planning?

The old adage “for every action, there is a reaction” is particularly true when mapping a course of action to reach your financial goals. If you focus on only one or two elements, other areas you overlooked could undo all of your efforts. Comprehensive planning recognizes the need to consider all areas of your financial situation before developing a plan to reach your personal financial goals.

What Should You Expect From A Comprehensive Financial Advisor?

After taking a close look at your existing circumstances a trained professional will help you identify your goals – sometimes referred as your objectives. The advisor will create a plan that considers all the financial aspects of your unique situation. Additionally you’ll also be provided with as much assistance as you need in the implementation of the recommendations.

Your financial situation is always changing in reaction to outside influences. It’s also important for an advisor to periodically review and revise your plan to adjust to changes in the financial world as well as your personal goals.

What To Look For When Choosing A Financial Planner: 

When you select a financial advisor, there are a number of factors you must take into account – expertise, experience, integrity and even personal compatibility. If you are looking for objective advice you can’t ignore the question of how the Fee-Only all of the advisor is compensated. All NAPFA-Registered Financial Advisors and Provisional Members* are highly qualified.

NAPFA-Registered Financial Advisors must have at least three years of comprehensive financial planning experience. Provisional Members may have less.

Why Select A Fee-Only Comprehensive Financial Advisor?

The greater the advisor’s dependence on commission income, the greater the conflict. In the end, that conflict can cost you, both in out-of-pocket expenses and in the quality of advice you receive. At the National Association of Personal Financial Advisors (NAPFA) we believe there is a significant conflict of interest if an advisor stands to gain financially from any recommendations you may follow.

What Can’t An Advisor Do?

Predict the future.

Guess what you are thinking.

Guarantee the performance of investments.

Protect you from destructive financial habits that you do not address yourself.

Go beyond the role of advisor into the role of a therapist.

Magically get you as much money as you would like to have.

Earn higher than average returns year after year.

Your Responsibilities As A Client:

Provide the background information necessary for an advisor to make informed judgments and recommendations.

Be ready to consider new information.

Ask for clarification when you don’t understand something.

Be forthcoming about your personal values, including goals, concerns and preferences.

Founded in 1983, the National Association of Personal Financial Advisors is the nation’s leading organization of Fee-Only comprehensive financial planners. NAPFA fights for the public’s right to receive unbiased assistance in making important financial decisions. Members of NAPFA believe consumers need to be protected because many significant conflicts of interest exist when financial planners act as both an advisor and as a salesperson who earns commissions from recommended products.

NAPFA’s standards require members to have the advanced education, knowledge and experience required to practice comprehensive financial planning. When looking for a financial professional, just ask, “Are you a member of NAPFA?”

If the answer is yes, you know you’ve found a highly trained, Fee-Only comprehensive financial advisor. Join the thousands of people every year who come to NAPFA for a trusted advisor.

What Other People Are Saying About NAPFA

“The most selective credential is membership in the National Association of Personal Financial Advisors, whose 750 members have agreed not to take commissions on the investments they recommend. This avoids conflicts of interest: too many planners make their money by suggesting only investments that reward them for their recommendations. NAPFA members charge fees—some by the hour, some by the year—for broad and comprehensive advice on taxes, insurance, retirement and asset management. Their plans are subject to peer review by other NAPFA members.” April 1, 2002 Newsweek\

“If you have more than $50,000 to invest, you should fire your broker and find an investment advisor. Brokerage firms would like you to think they perform the same functions as investments advisors.” “Financial planners who are members of the National Association of Personal Financial Advisors…submit their work to peer review and are not supposed to charge anything but a fee”  Arthur Levitt – Former SEC Chairman

“Financial Planners who take commissions have a built-in conflict of interest…even with disclosure, my choice would be a Fee-Only planner.  Newsweek – Jane Bryant Quinn

“Start with the general practitioner…a Financial Planner (whose) compensation should be from fees alone.”   Money Magazine

“The most important matter is how the planner is compensated. Hire the planner who…has no financial stake in (your) investments.”  Forbes

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